Unit 4 -Economic Offences-1. INTERPOL , CBI

offences

1. RESERVE BANK OF INDIA (RBI) ACT, 1934 The RBI Act, 1934 was enacted to establish the Reserve Bank of India as the central banking authority of the country. The Act outlines the constitution of the RBI, including its governance structure, the appointment and roles of the Governor and Deputy Governors, and the composition of the Central Board of Directors

2. Functions and Powers of RBI : Issuance and regulation of currency Monetary policy ( price stability and economic growth) Banking regulation and supervision Foreign exchange management (regulate and manage FE reserves Developmental functions (Banking and Financial sectors

3. Organizational Structure: Central Board of Directors, the Governor, Deputy Governors, and various committees and departments responsible for executing the functions mandated by the Act Amendments and Adaptations: To enhance the effectiveness of the Reserve Bank of India in fulfilling its mandate, various changes been carried out. Impact and Significance: A pivotal role in shaping India's monetary and financial system It has provided a robust legal framework for the functioning of the Reserve Bank It enables to formulate monetary policy, and maintain financial stability facilitated the development of a sound banking and financial infrastructure in India .

4. SECURITIES AND EXCHANGE BOARD OF INDIA (SEBI) ACT, 1992 Enacted on April 30, 1992, the SEBI Act aims to protect the interests of investors, promote the development of the securities market, and regulate the securities market in India. A n autonomous regulatory body for the securities market in India. To formulate its governance structure, the appointment and roles of the Chairman and members of the Board, and the powers and functions vested in SEBI

5. Functions and Powers : Regulation and supervision: SEBI is entrusted with the regulation and supervision of the securities market to ensure fair, transparent, and orderly conduct of securities transactions. Investor protection: SEBI is mandated to protect the interests of investors by promoting fair practices, preventing fraudulent and unfair trade practices, and ensuring timely dissemination of information. Registration and regulation of intermediaries: SEBI regulates and registers various intermediaries in the securities market, including stockbrokers, sub-brokers, depository participants, and mutual funds, among others. Oversight of exchanges and clearing houses: SEBI oversees stock exchanges, clearing corporations, and other market infrastructure institutions to ensure their compliance with regulatory norms and to maintain market integrity. Enforcement of securities laws: SEBI has the authority to investigate and take enforcement actions against violations of securities laws and regulations, including imposing penalties and sanctions on errant market participants.

6. Market Development: The SEBI Act underscores SEBI's role in promoting the development of the securities market in India by facilitating innovations, introducing reforms, and creating a conducive regulatory environment to attract domestic and foreign investments. Amendments and Adaptations: Over the years, the SEBI Act has been amended to enhance SEBI's regulatory powers, strengthen investor protection measures, and align the regulatory framework with evolving market dynamics and international best practices.

7. Impact and Significance: The SEBI Act, 1992 has had a profound impact on the Indian securities market by Instilling confidence among investors, Ensuring market integrity, and F ostering the growth and development of the capital market ecosystem. M aking the Indian securities market more vibrant, transparent, and resilient. In conclusion, SEBI plays a crucial role in safeguarding investor interests, promoting market integrity, and fostering the growth and development of the securities market in India.

8. Thank you

9. SECURITIES AND EXCHANGE BOARD OF INDIA (SEBI) ACT, 1992 (SEBI) is as the regulatory authority for the securities market in the country. Enacted on April 30, 1992 A ims to protect the interests of investors, promote the development of the securities market, and regulate the securities market in India. The SEBI Act, 1992, The Act outlines the constitution of SEBI, including its governance structure, the appointment and roles of the Chairman and members of the Board, and the powers and functions vested in SEBI.

10. PREVENTION OF MONEY LAUNDERING (PML) ACT The Prevention of Money Laundering Act (PMLA) is a crucial piece of legislation enacted in India in 2002 to combat money laundering and related offenses. Money laundering is the process of concealing the origins of illegally obtained money, typically by means of transfers involving foreign banks or legitimate businesses. The PMLA aims to prevent money laundering activities and confiscate proceeds derived from such activities. Objective: The primary objective of the Prevention of Money Laundering Act is to combat money laundering by implementing stringent measures to detect, prevent, and prosecute individuals or entities involved in money laundering activities. By targeting the financial transactions associated with illegal activities , the PMLA seeks to disrupt criminal networks and deprive them of the proceeds of their illicit activities

11.   Provisions: The PMLA encompasses various provisions to achieve its objectives, including: Definition of Money Laundering: The Act defines money laundering and identifies various activities and transactions that constitute money laundering offenses. Obligations on Reporting Entities: The PMLA imposes obligations on banks, financial institutions, and intermediaries to maintain records of transactions, report suspicious transactions to the Financial Intelligence Unit (FIU), and adhere to customer due diligence measures. Investigation and Enforcement: The Act empowers designated authorities to investigate suspected cases of money laundering, conduct searches and seizures, freeze and confiscate proceeds of crime, and initiate legal proceedings against offenders. International Cooperation: The PMLA facilitates cooperation and exchange of information with foreign jurisdictions to combat cross-border money laundering activities.