Securities market code bill: Sebi reform bill seeks bigger board, stronger oversight; key provisions explained

Securities market code bill: Sebi reform bill seeks bigger board, stronger oversight; key provisions explained

The Securities Market Code Bill, introduced in the Lok Sabha on Thursday, proposes a sweeping overhaul of India’s securities law framework, including expanding the Securities and Exchange Board of India (Sebi) board to up to 15 members from the current nine, strengthening governance norms and enhancing investor protection, PTI reported.The Bill seeks to reinforce Sebi’s…

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Laws governing insurance, stock markets to be rewritten

Laws governing insurance, stock markets to be rewritten

The Union Cabinet has approved significant reforms for the stock market and insurance sectors. The plan includes allowing 100% foreign investment in insurance, aiming to boost penetration and consumer choice. NEW DELHI: The Cabinet on Thursday cleared rewriting of laws in two critical sectors – stock markets and insurance. The plan is to allow 100%…

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