The Budget Finance Bill proposed that SEBI board “make a reserve fund, and 25 percent of the annual surplus of the general fund should be credited in this reserve fund†subject to a maximum of two years’ total expenses.SEBI chairman writes to PMO, FinMin to reconsider Budget proposal on reserve fund transfer
The Budget Finance Bill proposed that SEBI board “make a reserve fund, and 25 percent of the annual surplus of the general fund should be credited in this reserve fund†subject to a maximum of two years’ total expenses.
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