Finance Minister announces in budget, SEBI will regulate gold exchanges now

Budget 2021-22: Finance Minister Nirmala Sitharaman said in his budget speech on Monday that the Securities and Exchange Board of India (SEBI) will act as a regulator for the gold exchange.

Budget 2021-22: Finance Minister Nirmala Sitharaman said in his budget speech on Monday that the Securities and Exchange Board of India (SEBI) will act as a regulator for the gold exchange.

Budget 2021-22: Finance Minister Nirmala Sitharaman said in his budget speech on Monday that the Securities and Exchange Board of India (SEBI) will act as a regulator for the gold exchange.

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  • Last Updated:February 2, 2021, 1:01 AM

Budget 2021: Union Finance Minister Nirmala Sitharaman while presenting the budget of 2021-22 in Parliament said that the Securities Markets Code would include the SEBI Act, Depositories Act and Government Securities Act. The Finance Minister has said that the Securities and Exchange Board of India (SEBI) will act as a regulator for the gold exchange. He has proposed to launch the securities market code. He further explained that the Securities Market Code would include SEBI Act, Depository Act and Government Securities.

Proposal to introduce investor charter- He said that for the protection of investors, it is proposed to introduce an Investor Charter in all financial products as the right of investors. Sitharaman has said some changes in the SEBI Act in Budget 2021. The Finance Minister said that the Acts which were implemented in different years, will be brought forward as an Act. There is talk of SEBI Act 1992, Security Act, Government Security Act 2007 and other Acts.

LIC for IPO- Apart from this, the Finance Minister has made a big announcement regarding the IPO in the budget. Nirmala Sitharaman has said about the IPO in LIC that in this financial year, the IPO of LIC will be brought. With this, the government has also prepared a plan to disinvest several PSU companies next year. New laws will be made for this. Significantly, for the past several days, there was talk of bringing an IPO in LIC. Today the finance minister made a big announcement about this.Also read: Experts’ opinion, RBI can keep interest rates as high as monetary review

Investors’ interest in IPO All the IPOs that came out in the last year ie 2020 received tremendous response. Even this year, the IPO so far seems to be getting good subscription. Now SEBI is also wishing that more investors come to the IPO market. Therefore, he is trying to reduce the price of a lot of shares to be applied under the IPO. Experts associated with SEBI say that the capital market regulator can allow investment of Rs 7500 under one lot. Currently there is a lot of 15 thousand rupees.



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