The FM had proposed in the Budget that several securities laws should be consolidated into a single securities code, a move that can combine several legislations into a unified one. Finance minister Nirmala Sitharaman met SEBI board members and asked the market regulator to implement Budget proposals relating to capital markets on a timely basis. SEBI laws that could be consolidated into a single code are the SEBI Act, 1992, Depositories Act, 1996, Securities Contracts (Regulation) Act, 1956, and Government Securities Act, 2007. Minister of state for finance Anurag Thakur and finance secretary Ajay Bhusan Pandey were also present.
Source: Times of India