SEBI

 

CONTEXT:

  • People can soon invest in infra project SEBI nod awaited, says Minister.

Background:

  • 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.

About SEBI:

  • 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.

Structure
  • 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.

Leave a Comment