The Securities and Exchange Board of India Act, 1992
Central · 1992
- S. 1Short title, extent and commencement.
- S. 2Definitions.
- S. 3Establishment and incorporation of Board.
- S. 4Management of the Board.
- S. 5Term of office and conditions of service of Chairman and members of the Board.
- S. 6Removal of member from office.
- S. 7Meetings.
- S. 7AMember not to participate in meetings in certain cases.
- S. 8Vacancies, etc., not to invalidate proceedings of Board.
- S. 9Officers and employees of the Board.
- S. 10Transfer of assets, liabilities, etc., of existing Securities and Exchange Board to the Board.
- S. 11Functions of Board.
- S. 11ABoard to regulate or prohibit issue of prospectus, offer document or advertisement soliciting money for issue of securities.
- S. 11AACollective investment scheme.
- S. 11BPower to issue directions and levy penalty.
- S. 11CInvestigation.
- S. 11DCease and desist proceedings.
- S. 12Registration of stock-brokers, sub-brokers, share transfer agents, etc.
- S. 12AProhibition of manipulative and deceptive devices, insider trading and substantial acquisition of securities or control.
- S. 13Grants by the Central Government.
- S. 14Fund.
- S. 15Accounts and audit.
Chapter CHAPTER VI-A
Chapter CHAPTER VI-B
- S. 15APenalty for failure to furnish information, return, etc.
- S. 15BPenalty for failure by any person to enter into agreement with clients.
- S. 15CPenalty for failure to redress investors‟ grievances.
- S. 15DPenalty for certain defaults in case of mutual funds.
- S. 15EPenalty for failure to observe rules and regulations by an asset management company.
- S. 15EAPenalty for default in case of alternative investment funds, infrastructure investment trusts and real estate investment trusts.
- S. 15EBPenalty for default in case of investment adviser and research analyst.
- S. 15FPenalty for default in case of stock brokers.
- S. 15GPenalty for insider trading.
- S. 15HPenalty for non-disclosure of acquisition of shares and takeovers.
- S. 15HAPenalty for fraudulent and unfair trade practices.
- S. 15HAAPenalty for alteration, destruction, etc., of records and failure to protect the electronic database of Board.
- S. 15HBPenalty for contravention where no separate penalty has been provided.
- S. 15JFactors to be taken into account while adjudging quantum of penalty.
- S. 15JACrediting sums realised by way of penalties to Consolidated Fund of India.
- S. 15JBSettlement of administrative and civil proceedings.
- S. 15KEstablishment of Securities Appellate Tribunals.
- S. 15LComposition of Securities Appellate Tribunal.
- S. 15MQualification for appointment as Presiding Officer or Member of Securities Appellate Tribunal.
- S. 15MAAmendment of Presiding Officer and Judicial Member.
- S. 15MBSearch-cum-Selection Committee for appointment of Technical Members.
- S. 15MCVacancy not to invalidate selection proceeding.
- S. 15NTenure of office of Presiding Officer and other Members of Securities Appellate Tribunal.
- S. 15OSalary and allowances and other terms and conditions of service of Presiding Officers.
- S. 15PFilling up of vacancies.
- S. 15PAMember to act as Presiding Officer in certain circumstances
- S. 15QResignation and removal.
- S. 15QAQualifications, terms and conditions of service of Presiding Officer and Member.
- S. 15ROrders constituting Appellate Tribunal to be final and not to invalidate its proceedings.
- S. 15SStaff of the Securities Appellate Tribunal.
- S. 15TAppeal to the Securities Appellate Tribunal.
- S. 15UProcedure and powers of the Securities Appellate Tribunal.
- S. 15VRight to legal representation.
- S. 15WLimitation.
- S. 15XPresiding Officer, Members and staff of Securities Appellate Tribunals to be public servants.
- S. 15YCivil Court not to have jurisdiction.
- S. 15ZAppeal to Supreme Court.
- S. 16Power of Central Government to issue directions
- S. 17Power of Central Government to supersede the Board.
- S. 18Returns and reports.
- S. 19Delegation.
- S. 20Appeals.
- S. 20ABar of jurisdiction.
- S. 21Savings.
- S. 22Members, officers and employees of the Board to be public servants.
- S. 23Protection of action taken in good faith.
- S. 24Offences.
- S. 24AComposition of certain offences.
- S. 24BPower to grant immunity.
- S. 25Exemption from tax on wealth and income.
- S. 26Cognizance of offences by courts.
- S. 26AEstablishment of Special Courts.
- S. 26BOffences triable by Special Courts.
- S. 26CAppeal and revision.
- S. 26DApplication of Code to proceedings before Special Court.
- S. 26ETransitional provisions.
- S. 27Contravention by companies.
- S. 28Omitted..
- S. 28ARecovery of amounts.
- S. 28BContinuance of proceedings.
- S. 28CPowers of Board not to apply to International Financial Services Centre.
- S. 29Power to make rules.
- S. 30Power to make regulations.
- S. 31Rules and regulations to be laid before Parliament.
- S. 32Application of other laws not barred.
- S. 33Repealed..
- S. 34Power to remove difficulties.
- S. 34AValidation of certain acts.
- S. 35Repeal and saving.