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

Under the Companies Act, 2013, for a listed company issuing securities, who administers the provisions on issue and transfer of securities, so that ongoing compliance in that area is overseen by the market regulator?

For listed companies, or those intending to list, the provisions on issue and transfer of securities are administered by SEBI by making regulations, as Section 24 of the Companies Act, 2013 provides. The Central Government handles other cases, so ongoing securities compliance sits with SEBI.

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

Explanation

Section 24(1) provides that provisions on issue and transfer of securities by listed companies, or those intending to list, are administered by SEBI through regulations, except as provided in the Act. The Central Government administers other cases.

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