Section 29A
power to delegate
The Securities Contracts (Regulation) Act, 1956
About this Act
An Act to prevent undesirable transactions in securities by regulating the business of dealing therein, by providing for certain other matters connected therewith.
1[29A. power to delegate.--The Central Government may, by order published in the Official
Gazette, direct that the powers (except the power under section 30) exercisable by it under any provision
of this Act shall, in relation to such matters and subject to such conditions, if any, as may be specified in
the order, be exercisable also by the Securities and Exchange Board of India or the Reserve Bank of India
constituted under section 3 of the Reserve Bank of India Act, 1934 (2 of 1934).]
Notes
1. Subs. by Act 31 of 1999, s. 9, for section 29A (w.e.f. 22-2-2000).