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Article: Bill to develop securitisation market introduced.
- Article from:
- PTI - The Press Trust of India Ltd.
- Article date:
- December 15, 2006
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Bill to develop securitisation market introduced
New Delhi, Dec 15 (PTI) In a landmark move to develop India's securitisation market with facility of listing and trading of the securitised certificates or instruments, government today introduced in the Lok Sabha a bill to amend the Securities Contracts (Regulation) Act, 1956.
The Bill, introduced by Finance Minister P Chidambaram, provides for vesting powers of regulation to the Securities and Exchange Board of India (SEBI).
Despite two major legislative initiatives - amendments to the National Housing Bank Act, 1987 in 2000 and enactment of the SARFASI Act, the securitisation market has ...