{"id":86145,"date":"2019-07-19T16:17:50","date_gmt":"2019-07-19T10:47:50","guid":{"rendered":"http:\/\/factly.forumias.com\/?p=8219"},"modified":"2019-07-19T16:17:50","modified_gmt":"2019-07-19T10:47:50","slug":"sebi-opposes-centres-proposal-to-transfer-surplus-money-to-cfi","status":"publish","type":"post","link":"https:\/\/forumias.com\/blog\/sebi-opposes-centres-proposal-to-transfer-surplus-money-to-cfi\/","title":{"rendered":"SEBI opposes Centre\u2019s proposal to transfer surplus money to CFI"},"content":{"rendered":"\n<ol class=\"wp-block-list\"><li>Securities and Exchange Board of India(SEBI) has written to the government seeking a review of the Budget proposal that mandates transferring 75% of the market regulator&#8217;s surplus funds to the central government<\/li><li>SEBI said that the proposal would result in compromising its autonomy and its ability to function effectively towards the progress and development of the Indian securities market.<\/li><li>The <strong>Finance Bill,2019<\/strong> has proposed a 75% cash transfer from the Sebi\u2019s general fund to the Central government after creating a \u2018reserve fund\u2019 of the annual surplus.The transfer is proposed to take place after SEBI incurs all expenses mandated under the law establishing it.<\/li><li>The Securities and Exchange Board of India(SEBI) is the regulator for the securities market in India.It was established in 1988 and given statutory powers in 1992 through the SEBI Act,1992.<\/li><\/ol>\n","protected":false},"excerpt":{"rendered":"<p>Securities and Exchange Board of India(SEBI) has written to the government seeking a review of the Budget proposal that mandates transferring 75% of the market regulator&#8217;s surplus funds to the central government SEBI said that the proposal would result in compromising its autonomy and its ability to function effectively towards the progress and development of&hellip; <a class=\"more-link\" href=\"https:\/\/forumias.com\/blog\/sebi-opposes-centres-proposal-to-transfer-surplus-money-to-cfi\/\">Continue reading <span class=\"screen-reader-text\">SEBI opposes Centre\u2019s proposal to transfer surplus money to CFI<\/span><\/a><\/p>\n","protected":false},"author":61,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3127],"tags":[3327,3555,3199],"class_list":["post-86145","post","type-post","status-publish","format-standard","hentry","category-economy","tag-government","tag-reserves","tag-sebi","entry"],"jetpack_featured_media_url":"","views":{"total":0,"cached_at":"","cached_date":1704824602},"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/86145","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/users\/61"}],"replies":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/comments?post=86145"}],"version-history":[{"count":0,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/86145\/revisions"}],"wp:attachment":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/media?parent=86145"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/categories?post=86145"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/tags?post=86145"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}