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CS Executive · Capital Market and Securities Laws · Issue and Listing of Non-Convertible Securities

Kaveri Textiles Ltd is a listed company issuing securities to the public. Who administers the Companies Act provisions on issue and transfer of securities for such a listed company, other than where the Act itself provides otherwise?

SEBI administers the issue and transfer of securities provisions for listed companies and those intending to list, by making regulations, except where the Companies Act provides otherwise. The Central Government handles other companies, so it is not the administrator in this case.

  1. AThe Central Government in all cases
  2. BThe National Company Law Tribunal
  3. CThe Registrar of Companies
  4. DThe Securities and Exchange Board, by making regulationsCorrect

Explanation

Section 24 provides that, for listed companies or those intending to list, the provisions on issue and transfer of securities are administered by SEBI by making regulations, except as the Act provides otherwise. The Central Government administers other cases.

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