55A. Powers of Securities
and Exchange Board of India.—The provisions
contained in sections 55 to 58, 59 to 84, 108, 109, 110, 112,
113, 116, 117, 118, 119, 120, 121, 122, 206, 206A and 207,
so far as they relate to issue and transfer of securities
and non-payment of dividend shall,—
(a) in case of listed public companies;
(b) in case of those public companies which intend to get
their securities listed on any recognized stock exchange in
India,
be administered by the Securities and Exchange Board of India;
and
(c) in any other case, be administered by the Central Government.
Explanation .—For removal of doubts, it is hereby declared
that all powers relating to all other matters including the
matters relating to prospectus, statement in lieu of prospectus,
return of allotment, issue of shares and redemption of ir-redeemable
preference shares shall be exercised by the Central Government,
(Tribunal) or the Registrar of Companies, as the case may
be.
|
