Call For PapersLaw School News

The Centre for Law and Development (CLD) is a Research Centre at the National University of Advanced Legal Studies Kochi (NUALS Kochi). The CLD NUALS Securities Law e-Newsletter is a leading online newsletter in the area of Security Law. It features articles, case notes and opinions by experts in the area of Security Law. The Quarterly e-Newsletter also provides updates on the legal and regulatory developments in the area.
CLD NUALS Securities Law e-Newsletter is now open for contributions for its Sixth Volume to be published in February 2018. Contributions to the e-Newsletter are welcome from all academicians, professionals and law students.
Topic
The contributions must deal with a contemporary issue of securities law and must provide the author’s novel take on the issue.
Sub Themes:
  • Credit Rating Agencies (Recent Developments).
  • Norms for transfer of Securities in physical mode.
  • Cybersecurity and Cyber resilience framework.
  • Significant beneficial ownership (Recent Developments).
  • Physical settlement of stock derivatives.
  • SEBI (Settlement Process) Regulations 2018.
  • SEBI (FPI) (Third Amendment) Regulations 2018.
  • DIPP Press Note 2 (FDI Policy Changes).
  • Regulation of Mutual Funds (Recent Developments).
Submission Procedure and Guidelines
  • The word limit for the contribution is 800 to 1200. (excluding footnotes)
  • The article should be submitted as a Word Document (.docx) and must be in Times New
Roman font size 12, line spacing 1.5 for contents and footnotes.
  • Co-authorship is allowed to a maximum of 2 authors.
  • The selected contributions will be published and all such contributions will be acknowledged in the newsletter.
  • Plagiarism will lead to disqualification of the contribution.
  • Footnotes should be avoided and kept to a bare minimum.
In order to facilitate independent, innovative dialogue on securities law and regulatory practice, we invite students as well as professionals to send in their entries to cld@nuals.ac.in on or before January 28, 2019 (by 11:59 pm).
The subject of the mail shall be ‘Submission for CLD e-Newsletter Edn. 6’. The body of the mail shall contain details of the author (full name, semester, university and contact number).
Contact
In case of any Queries, you can reach out to us at cld@nuals.ac.in or call:
  • Utkarsh Jhingan: +91 9872930743
  • Akhil Kumar: + 91 8789937466
  • Manal Shah: +91 9867082140
Statutes/Bills/Ordinances

The Securities Laws (Amendment) Act, 2014 received the Presidential assent on August 22, 2014. The objective of the Act is to give more powers to SEBI to curb fraud and to protect the investors in the securities market. The Act amends the SEBI Act, 1992, the Securities Contracts (Regulation) Act, 1956 and the Depositories Act, 1996.

 

The Act provides following amendments in the SEBI Act, 1992:

  • Amendment to Section 11 so as to extend the power of the Board to call for information/records from any person (it thinks fit) or to furnish information to any other authority within India or outside India to prevent the violations of the securities laws.
  • Insertion of Clause 11 (5) to credit the amount disgorged to the Investor Protection and Education Fund established by the Board.
  • Amendment to Section 11 C to empower the Magistrate or Judge of the designated Court to give order on the application made by the Investigating Authority.
  • Amendment to Section 15 A, B, C, D, E, F, G, H, H-A, H-B to revise the amount of penalty imposed under the Act.
  • Insertion of Section 15-I (3) to provide power to the Board to enhance the quantum of punishment on consideration of the erroneous order passed by the adjudicating officer.
  • Insertion of Section 15 J-B for the settlement of the administrative and civil proceedings.
  • Insertion of Section 26 A, B, C, D, E for the establishment of Special Courts to provide speedy trial of offences, and application of provisions of CrPC, 1973 to the proceedings before the Special Court.
  • Insertion of Section 28-A to provide procedure for the recovery of the amount on failure by the person to pay the penalty imposed by the adjudicating officer.
  • Omission of Section 15 T (2) and Section 26 (2).

 

The Act provides following amendments in the Securities Contracts (Regulation) Act, 1956:

 

  • Insertion of Section 23-I (3) to provide power to the Board to enhance the quantum of punishment on consideration of the erroneous order passed by the adjudicating officer.
  • Insertion of Section 23 J-A for the settlement of the administrative and civil proceedings.
  • Insertion of Section 23 J-B to provide procedure for the recovery of the amount on failure by the person to pay the penalty imposed by the adjudicating officer.
  • Insertion of Section 26 A, B, C, D, E for the establishment of Special Courts to provide speedy trial of offences, and application of provisions of CrPC, 1973 to the proceedings before the Special Court.
  • Amendment to Section 23 A, B, C, D, E, F, G, and H to revise the amount of penalty imposed under the Act.
  • Omission of Section 26 (2).


The Act provides following amendments in the Depositories Act, 1996:

  • Amendment to Section 19 A, B, C, D, E, F, and G to revise the amount of penalty imposed under the Act.
  • Insertion of Section 19 H (3) to provide power to the Board to enhance the quantum of punishment on consideration of the erroneous order passed by the adjudicating officer.
  • Insertion of Section 19-IA for the settlement of the administrative and civil proceedings.
  • Insertion of Section 19-IB to provide procedure for the recovery of the amount on failure by the person to pay the penalty imposed by the adjudicating officer.
  • Insertion of Section 22 C, D, E, F, G for the establishment of Special Courts to provide speedy trial of offences, and application of provisions of CrPC, 1973 to the proceedings before the Special Court.
  • Omission of Section 22 (2) and Section 23-A (2).