Business Ethics and Corporate Governance, Second Edition

DHANUKA COMMITTEE

The Dhanuka Committee was appointed to examine all current capital market regulations and to suggest amendments to them. In its report the committee recommended that SEBI’s powers be enlarged to enable it to be an effective market regulator. It has recommended the following:

• All provisions related to listed companies referring to capital market and insurance or dealing in securities wherever found in Companies Act are administered by SEBI.
• SEBI should be the sole authority for framing regulations for all matters related to such issues.
• SEBI should be authorised to frame regulations relating to transfer of securities and must be vested with powers of investigation and enforcement.
• The scope of powers and functions of the SEBI ...