| Sections |
Securities and Exchange Board of India Act, 1992 |
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Preamble |
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CHAPTER I: PRELIMINARY |
| 1. |
Short title, extent and commencement |
| 2. |
Definitions |
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CHAPTER II: ESTABLISHMENT OF THE SECURITIES AND EXCHANGE BOARD OF INDIA |
| 3. |
Establishment and incorporation of Board |
| 4. |
Management of the Board |
| 5. |
Term of office and conditions of service of Chairman and members of the Board |
| 6. |
Removal of member from office |
| 7. |
Meetings |
| 7A. |
Member not to participate in meetings in certain cases |
| 8. |
Vacancies, etc. not to invalidate proceedings of Board |
| 9. |
Officers and employees of the Board |
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CHAPTER II: ESTABLISHMENT OF THE SECURITIES AND EXCHANGE BOARD OF INDIA |
| 10. |
Transfer of assets, liabilities, etc. of existing Securities and Exchange Board to the Board |
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CHAPTER IV: POWERS AND FUNCTIONS OF THE BOARD |
| 11. |
Functions of Board |
| 11A. |
Matters to be disclosed by the companies |
| 11AA. |
Collective investment scheme |
| 11B. |
Power to issue directions |
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CHAPTER V: REGISTRATION CERTIFICATE |
| 12. |
Registration of stock-brokers, sub-brokers, share transfer agents, etc. |
| 13. |
Grants by the Central Government |
| 14. |
Fund |
| 15. |
Accounts and audit |
| 15A. |
Penalty for failure to furnish information, return, etc. |
| 15B. |
Penalty for failure by any person to enter into agreement with clients |
| 15C. |
Penalty for failure to redress investors' grievances |
| 15D. |
Penalty for certain defaults in case of mutual funds |
| 15E. |
Penalty for failure to observe rules and regulations by an asset management company |
| 15F. |
Penalty for default in case of stock brokers |
| 15G. |
Penalty for insider trading |
| 15H. |
Penalty for non-disclosure of acquisition of shares and takeovers |
| 15-I. |
Power to adjudicate |
| 15J. |
Factors to be taken into account by the adjudicating officer |
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CHAPTER VIB: ESTABLISHMENT, JURISDICTION, AUTHORITY AND PROCEDURE OF APPELLATE TRIBUNAL |
| 15K. |
Establishment of Securities Appellate Tribunals |
| 15L. |
Composition of Securities Appellate Tribunal |
| 15M. |
Qualifications for appointment as Presiding Officer of the Securities Appellate Tribunal |
| 15N. |
Term of office |
| 15-O. |
Salary and allowances and other terms and conditions of service of Presiding Officers |
| 15P. |
Filling up of vacancies |
| 15Q. |
Resignation and removal |
| 15R. |
Orders constituting Appellate Tribunal to be final and not to invalidate its proceedings |
| 15S. |
Staff of the Securities Appellate Tribunal |
| 15T. |
Appeal to the Securities Appellate Tribunal |
| 15U. |
Procedure and powers of the Securities Appellate Tribunal |
| 15V. |
Right to legal representation |
| 15W. |
Limitation |
| 15X. |
Presiding Officer and staff of Securities Appellate Tribunals to be public servants |
| 15Y. |
Civil court not to have jurisdiction |
| 15Z. |
Appeal to High Court |
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CHAPTER VII: MISCELLANEOUS |
| 16. |
Power of Central Government to issue directions |
| 17. |
Power of Central Government to supersede the Board |
| 18. |
Returns and reports |
| 19. |
Delegation |
| 20. |
Appeals |
| 20A. |
Bar of jurisdiction |
| 21. |
Saving |
| 22. |
Members, officers and employees of the Board to be public servants |
| 23. |
Protection of action taken in good faith |
| 24. |
Offences |
| 25. |
Exemption from tax on wealth and income |
| 26. |
Cognisance of offences by courts |
| 27. |
Offences by companies |
| 28. |
Power to exempt |
| 29. |
Power to make rules |
| 30. |
Power to make regulations |
| 31. |
Rules and regulations to be laid before Parliament |
| 32. |
Application of other laws not barred |
| 33. |
Amendment of certain enactments |
| 34. |
Power to remove difficulties |
| 35. |
Power to remove difficulties |
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SCHEDULE |
