New Delhi, Aug 8: The Government today withdrew a Bill to amend the Securities and Exchange Board of India Act ahead of introduction of a new Bill that would give more powers to capital market regulator SEBI.
Finance Minister, P. Chidambaram, proposed in the Lok Sabha to withdraw the Bill, which was introduced in March this year, to amend the SEBI Act. The proposal was passed by the House.
The withdrawn Bill was passed by the Rajya Sabha on March 11 and was tabled in the Lok Sabha the next day.
In July, President Pranab Mukherjee had promulgated an ordinance amending the securities law that would provide more powers to the capital market watchdog.
【News source】
Govt withdraws Bill to amend SEBI Act
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