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Home  » Business » Sebi to get more teeth

Sebi to get more teeth

Source: PTI
February 28, 2005 12:27 IST
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Finance Minister P Chidambaram announced the Union Budget 2005-06 in Parliamnet on Monday.

To strengthen the capital market, Chidambaram authorised Securities and Exchange Board of India to set up a national institute for teaching and training people in securities and to permit foreign institutional investors to provide collaterals on trading and derivatives.

He also proposed to amend the definition of security to provide for legal framework for dealing in it.

                                                        

 

 

 

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