- People can soon invest in infra project SEBI nod awaited, says Minister.
- The Union government is awaiting approval of the Securities Exchange Board of India (SEBI) for enabling common citizens to invest at least ₹1 lakh in infrastructure projects under a new model for asset monetization, Road Transport and Highways Minister Nitin Gadkari said on Friday.
- “Most of the pension funds and foreign investors are investing in the projects. But we should take the cooperation of Indian people, particularly those who can invest a minimum ₹1 lakh in road projects, for which we have already developed a new model. We are awaiting approval from SEBI so that the common man can invest in NHAI (National Highways Authority of India).
- We are trying to give him an assured income of 7.5% to 8%,” Mr. Gadkari said at the “Countdown to Budget 2022” event organised by The HinduBusinessLine, in association with BoB Financial, the credit card arm of Bank of Baroda, and Hitachi India.
- SEBI is a statutory body established on April 12, 1992 in accordance with the provisions of the Securities and Exchange Board of India Act, 1992.
- The basic functions of the Securities and Exchange Board of India is to protect the interests of investors in securities and to promote and regulate the securities market.
- SEBI Board consists of a Chairman and several other whole time and part time members.
- SEBI also appoints various committees, whenever required to look into the pressing issues of that time.
- Further, a Securities Appellate Tribunal (SAT) has been constituted to protect the interest of entities that feel aggrieved by SEBI’s decision.
- SAT consists of a Presiding Officer and two other Members.
- It has the same powers as vested in a civil court. Further, if any person feels aggrieved by SAT’s decision or order can appeal to the Supreme Court.
Source: THE HINDU.