who empowered to establish inter state council under article 263
Inter State Council (India) The Inter State Council is an Indian constitutional body set up on the basis of provisions in Article 263 of the Constitution of India. The body was formed by a Presidential Order dated 28 May 1990 on recommendation of Sarkaria Commission.[1][2] The Council is formed to discussing or investigating policies, subjects of common interest, and disputes, among states.[2]
Securities and Exchange Board of India Controller of Capital Issues was the regulatory authority before SEBI came into existence; it derived authority from the Capital Issues (Control) Act, 1947.