LawgistThe Securities and Exchange Board of India Act
16Power of Central Government to issue direction
(1) Without prejudice to the foregoing provisions of this Act, the Board shall, in exercise of its powers or the performance of its functions under 1 [this Act or the Depositories Act, 1996 (22 of 1996)], be bound by such directions on questions of policy as the Central Government may give in writing to it from time to time:
Provided that the Board shall, as far as practicable, be given an opportunity to express its views before any direction is given under this sub-section.
(2) The decision of the Central Government whether a question is one of policy or not shall be final.
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1. Subs. by Act 22 of 1996, s. 30 and the Schedule, for this Act (w.e.f. 20-9-1995).
MISCELLANEOUS
- 16 Power of Central Government to issue direction
- 17 Power of Central Government to supersede the Board
- 18 Returns and reports
- 19 Delegation
- 20 Appeals
- 20A Bar of jurisdiction
- 21 Savings
- 22 Members, officers and employees of the Board to be public servants
- 23 Protection of action taken in good faith
- 24 Offences
- 24A Composition of certain offences
- 24B Power to grant immunity
- 25 Exemption from tax on wealth and income
- 26 Cognizance of offences by courts
- 26A Establishment of Special Courts
- 26B Offences triable by Special Courts
- 26C Appeal and revision
- 26D Application of Code to proceedings before Special Court
- 26E Transitional provisions
- 27 Contravention by companies
- 28 Omitted.
- 28A Recovery of amounts
- 28B Continuance of proceedings
- 29 Power to make rules
- 30 Power to make regulations
- 31 Rules and regulations to be laid before Parliament
- 32 Application of other laws not barred
- 33 Repealed.
- 34 Power to remove difficulties
- 34A Validation of certain acts
- 35 Repeal and saving
