SEBI Bill News
Sebi had conducted an investigation into the trading in shares of the four companies for the period January 1, 2009 to August 31, 2009.
Lok Sabha had last week passed this Bill.
The crucial Sebi bill aimed at tackling the ponzi menace was Wednesday approved by Lok Sabha with government saying that Prime Minister Narendra Modi will soon announce a financial scheme which will discourage people from being allured by fraudulent operators.
The Securities Laws (Amendment) Bill, 2014, aims to empower capital market watchdog Securities and Exchange Board of India (Sebi) by giving powers such as authority to seek call data records, was Wednesday approved by the Lok Sabha.
A Bill to effectively empower the market regulator Sebi to crack down on ponzi schemes and investment frauds was approved by the Cabinet on Thursday.
The Union Cabinet on Thursday approved the SEBI Act ammendment.
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