Before SEBI,
- Capital Issues Control Act 1956
- Securities Contract Act, 1956
are the governing law of the Security market in India.
SEBI:
- Statutory Body
- HQ: Mumbai
- Est. in 1988
- Statutory Power (SEBI Act, 1992)
- The watchdog which regulates the securities and commodities market
It has also sought clarity on whether cryptocurrencies can be legally classified as securities. Right now, they aren’t.
- SEBI has said that crypto assets are not part of the definition of what constitutes securities under the Securities Contracts (Regulation) Act of 1956
- celebrities should not be allowed to endorse cryptocurrencies
RECENT UPDATES
**The Securities and Exchange Board of India (SEBI) has
proposed to bring the purchase
and sale of mutual fund (MF)
units under the purview of the
insider trading rules.
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