Saturday, September 14, 2013

SEBI working on norms for new powers


  • A team at Securities & Exchange Board of India (SEBI) is working on two new set of regulations that will enable it to conduct search and seizure operations and recover money through disgorgement
  • New systems are being put in place for early detection and crackdown of collective investment schemes
  • Earlier, SEBI had to conduct search and seizure operations with the approval of a magistrate.

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