[Power to delegate.29A. The Central Government may, by order published in the Official Gazette, direct that the powers (except the power under section 30) exercisable by it under any provision of this Act shall, in relation to such matters and subject to such conditions, if any, as may be specified in the order, be exercisable also by the Securities and Exchange Board of India or the Reserve Bank of India constituted under section 3 of the Reserve Bank of India Act, 1934 (2 of 1934).]
83. Substituted by the Securities Laws (Amendment) Act, 1999, w.e.f. 22-2-2000. Prior to its substitution, section 29A read as under :
-
"29A. Power to delegate.-The Central Government may, by order published in the Official Gazette, direct that the powers exercisable by it under any provision of this Act shall, in relation to such matters and subject to such conditions, if any, as may be specified in the order, be exercisable also by the Securities and Exchange Board of India."
.... To read the full section download the app from Google Play store
CAclubindia
