Question
As per Section 24 of the Companies Act, 2013, the Power of Securities and Exchange Board (SEB
- I is related to which of the following matters? 1. Prospectus 2. Return of allotment 3. Redemption of preference shares 4. Issue and transfer of securities 5. Non-payment of dividend
Solution
Issue and transfer of securities and non-payment of dividend and prospectus are administered by SEBI and other cases are administered by the Central Government. For the removal of doubts, it is hereby declared that all powers relating to all other matters relating to prospectus, return of allotment, redemption of preference shares and any other matter specifically provided in this Act, shall be exercised by the Central Government, the Tribunal or the Registrar, as the case may be.
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