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Section 16: Power of Central Government to issue directions

The Securities and Exchange Board of India Act, 1992Central Act · Act 15 of 1992

(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 [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.

Where this provision sits

ActThe Securities and Exchange Board of India Act, 1992
Section16
Marginal notePower of Central Government to issue directions
JurisdictionCentral
StatusIn force as published by the source

How this provision has been amended

Taken from the footnotes printed with the provision by the source. Where a footnote names the amending instrument, it is quoted as printed.

  • substituted, Act 22 of 1996. . Subs. by Act 22 of 1996, s. 30 and the Schedule, for this Act (w.e.f. 20-9-1995).

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