# The Securities and Exchange Board of India Act, 1992, Section 16: Power of Central Government to issue directions

- Act: The Securities and Exchange Board of India Act, 1992 (Act 15 of 1992)
- In force from: 1992-01-30
- Ministry: Ministry of Finance
- Source URL: https://indiacode.ecourtsindia.com/sebi-act/section/16/

## Text

(1) Without prejudice to the foregoing provisions of this Act, the Board shall, in exercise of its powers or the performance of its functions under 1 [this Act or the Depositories Act, 1996 (22 of 1996)], be bound by such directions on questions of policy as the Central Government may give in writing to it from time to time: Provided that the Board shall, as far as practicable, be given an opportunity to express its views before any direction is given under this sub-section. (2) The decision of the Central Government whether a question is one of policy or not shall be final.

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