Securities and Exchange Board of India Act, 1992

The Securities and Exchange Board of India Act, 1992

भारतीय प्रतिभूति और विनिमय बोर्ड अधिनियम,1992

Rules Regulations Notifications Orders Circulars Ordinance Statutes

Act ID:	199215
Act Number:	15
Enactment Date:	1992-04-04
Act Year:	1992
Short Title:	The Securities and Exchange Board of India Act, 1992
metadata.dc.title.hindi:	भारतीय प्रतिभूति और विनिमय बोर्ड अधिनियम,1992
Long Title:	An Act to provide for the establishment of a Board to protect the interests of investors in securities and to promote the development of, and to regulate, the securities market and for matters connected therewith or incidental thereto.
Ministry:	Ministry of Finance
Department:	Department of Economic Affairs
Enforcement Date:	30-01-1992
metadata.dc.date.lastupdated:	22-04-2019


Schedule 1. THE SCHEDULE Order Appendix Forms

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Show all section The Securities and Exchange Board of India Act, 1992

CHAPTER I

PRELIMINARY

CHAPTER II

ESTABLISHMENT OF THE SECURITIES AND EXCHANGE BOARD OF INDIA

CHAPTER III

TRANSFER OF ASSETS, LIABILITIES, ETC., OF THE EXISTING SECURITIES AND EXCHANGE BOARD TO THE BOARD

CHAPTER IV

POWERS AND FUNCTIONS OF THE BOARD

CHAPTER V

REGISTRATION CERTIFICATE

CHAPTER VA

PROHIBITION OF MANIPULATIVE AND DECEPTIVE DEVICES, INSIDER TRADING AND SUBSTANTIAL ACQUISITION OF SECURITIES OR CONTROL

CHAPTER VI

FINANCE, ACCOUNTS AND AUDIT

CHAPTER VIA

PENALTIES AND ADJUDICATION

CHAPTER VIB

ESTABLISHMENT, JURISDICTION, AUTHORITY AND PROCEDURE OF APPELLATE TRIBUNAL

CHAPTER VII

MISCELLANEOUS


Section 1. Short title, extent and commencement.
Section 2. Definitions.
Section 3. Establishment and incorporation of Board.
Section 4. Management of the Board.
Section 5. Term of office and conditions of service of Chairman and members of the Board.
Section 6. Removal of member from office.
Section 7. Meetings.
Section 7A. Member not to participate in meetings in certain cases.
Section 8. Vacancies, etc., not to invalidate proceedings of Board.
Section 9. Officers and employees of the Board.
Section 10. Transfer of assets, liabilities, etc., of existing Securities and Exchange Board to the Board.
Section 11. Functions of Board.
Section 11A. Board to regulate or prohibit issue of prospectus, offer document or advertisement soliciting money for issue of securities.
Section 11AA. Collective investment scheme.
Section 11B. Power to issue directions and levy penalty.
Section 11C. Investigation.
Section 11D. Cease and desist proceedings.
Section 12. Registration of stock-brokers, sub-brokers, share transfer agents, etc.
Section 12A. Prohibition of manipulative and deceptive devices, insider trading and substantial acquisition of securities or control.
Section 13. Grants by the Central Government.
Section 14. Fund.
Section 15. Accounts and audit.
Section 15A. Penalty for failure to furnish information, return, etc.
Section 15B. Penalty for failure by any person to enter into agreement with clients.
Section 15C. Penalty for failure to redress investors‟ grievances.
Section 15D. Penalty for certain defaults in case of mutual funds.
Section 15E. Penalty for failure to observe rules and regulations by an asset management company.
Section 15EA. Penalty for default in case of alternative investment funds, infrastructure investment trusts and real estate investment trusts.
Section 15EB. Penalty for default in case of investment adviser and research analyst.
Section 15F. Penalty for default in case of stock brokers.
Section 15G. Penalty for insider trading.
Section 15H. Penalty for non-disclosure of acquisition of shares and takeovers.
Section 15HA. Penalty for fraudulent and unfair trade practices.
Section 15HAA. Penalty for alteration, destruction, etc., of records and failure to protect the electronic database of Board.
Section 15HB. Penalty for contravention where no separate penalty has been provided.
Section 15-I. Power to adjudicate.
Section 15J. Factors to be taken into account while adjudging quantum of penalty.
Section 15JA. Crediting sums realised by way of penalties to Consolidated Fund of India.
Section 15JB. Settlement of administrative and civil proceedings.
Section 15K. Establishment of Securities Appellate Tribunals.
Section 15L. Composition of Securities Appellate Tribunal.
Section 15M. Qualification for appointment as Presiding Officer or Member of Securities Appellate Tribunal.
Section 15MA. Amendment of Presiding Officer and Judicial Member.
Section 15MB. Search-cum-Selection Committee for appointment of Technical Members.
Section 15MC. Vacancy not to invalidate selection proceeding.
Section 15N. Tenure of office of Presiding Officer and other Members of Securities Appellate Tribunal.
Section 15O. Salary and allowances and other terms and conditions of service of Presiding Officers.
Section 15P. Filling up of vacancies.
Section 15PA. Member to act as Presiding Officer in certain circumstances
Section 15Q. Resignation and removal.
Section 15QA. Qualifications, terms and conditions of service of Presiding Officer and Member.
Section 15R. Orders constituting Appellate Tribunal to be final and not to invalidate its proceedings.
Section 15S. Staff of the Securities Appellate Tribunal.
Section 15T. Appeal to the Securities Appellate Tribunal. Show Related Subordinates
Section 15U. Procedure and powers of the Securities Appellate Tribunal. Show Related Subordinates
Section 15V. Right to legal representation.
Section 15W. Limitation.
Section 15X. Presiding Officer, Members and staff of Securities Appellate Tribunals to be public servants.
Section 15Y. Civil Court not to have jurisdiction.
Section 15Z. Appeal to Supreme Court.
Section 16. Power of Central Government to issue directions
Section 17. Power of Central Government to supersede the Board.
Section 18. Returns and reports.
Section 19. Delegation.
Section 20. Appeals.
Section 20A. Bar of jurisdiction.
Section 21. Savings.
Section 22. Members, officers and employees of the Board to be public servants.
Section 23. Protection of action taken in good faith.
Section 24. Offences.
Section 24A. Composition of certain offences.
Section 24B. Power to grant immunity.
Section 25. Exemption from tax on wealth and income.
Section 26. Cognizance of offences by courts.
Section 26A. Establishment of Special Courts.
Section 26B. Offences triable by Special Courts.
Section 26C. Appeal and revision.
Section 26D. Application of Code to proceedings before Special Court.
Section 26E. Transitional provisions.
Section 27. Contravention by companies.
Section 28. Omitted..
Section 28A. Recovery of amounts.
Section 28B. Continuance of proceedings.
Section 28C. Powers of Board not to apply to International Financial Services Centre.
Section 29. Power to make rules. Show Related Subordinates
Section 30. Power to make regulations. Show Related Subordinates
Section 31. Rules and regulations to be laid before Parliament.
Section 32. Application of other laws not barred.
Section 33. Repealed..
Section 34. Power to remove difficulties.
Section 34A. Validation of certain acts.
Section 35. Repeal and saving.


Schedule 1. THE SCHEDULE Order Appendix Forms

Year	Description	Hindi Description	Files(Eng)	Files(Hindi)
1986	Securities Contracts (Reference to the Company Law Board) Rules, 1986
1994	SEBI (Annual Report) Rules, 1994
2004	Securities Transaction Tax Rules, 2004
2014	Companies (Share Capital and debentures) Rules, 2014
1957	Securities Contracts (Regulations) Rules, 1957
1992	the Securities and Exchange Board of India (Terms and Conditions of Service of Chairman and Members) Rules, 1992.
1992	SEBI (Terms and Conditions of Service of Chairman and Members) Rules, 1992
1993	the Securities and Exchange Board of India (Appeal to the Central Government) Rules, 1993.
1993	SEBI (Appeal to Central Government) Rules, 1993
1994	he Securities and Exchange Board of India (Annual Report) Rules, 1994.
1994	SEBI (Form of Annual Statement of Accounts and Records) Rules, 1994
1994	the Securities and Exchange Board of India (Form of Annual Statement of Accounts and Records) Rules, 1994.
1995	the Securities and Exchange Board of India (Procedure for Holding Inquiry and Imposing Penalties by Adjudicating Officer) Rules, 1995.
1995	SEBI (Procedure for Holding Inquiry and Imposing Penalties by Adjudicating Officer) Rules, 1995
1997	Securities Appellate Tribunal (Salaries and Allowances and other Conditions of Service of the Officers and Employees) Rules, 1997
28-07-1997	the Securities Appellate Tribunal (Salaries and Allowances and Other Conditions of Service of the Officers and Employees) Rules, 1997.
1998	Depositories (Appeal to Central Government) Rules, 1998
2000	Securities Appellate Tribunal (Procedure) Rules, 2000
2000	Securities Contracts (Regulations) (Appeal to Securities Appellate Tribunal) Rules, 2000
2003	Securities Appellate Tribunal (Salaries, Allowances and other Terms and Conditions of Presiding Officer and other Members) Rules, 2003
2003	the Securities Appellate Tribunal (Salaries, Allowances and other Terms and Conditions of Presiding Officer and other Members) Rules, 2003.
2005	Depositories (Procedure for Holding Inquiry and Imposing Penalties by Adjudicating Officer) Rules, 2005
2005	Securities Contracts (Regulations) (Procedure for Holding Inquiry and Imposing Penalties by Adjudicating Officer) Rules, 2005
31-03-2014	Companies (Issue of Global Depositories Receipts) Rules, 2014
01-04-2014	Companies (Prospectus and Allotment of Securities) Rules, 2014
12-03-2021	Securities and Exchange Board of India (Annual Report) Rules, 2021

Year	Description	Hindi Description	Files(Eng)	Files(Hindi)
24-09-1992	the Securities and Exchange Board of India (Issue of Sweat Equity) Regulations, 2002.
07-01-1993	the Securities and Exchange Board of India (Portfolio Managers) Regulations, 1993. Last amended on May 10, 2019
2001	Securities and Exchange Board of India (Procedure for Board Meetings) Regulations, 2001.
21-08-2003	the Securities and Exchange Board of India (Ombudsman) Regulations, 2003.
06-06-2008	the Securities and Exchange Board of India (Issue and Listing of Debt Securities) Regulations, 2008.
10-06-2009	SEBI (Delisting of Equity Shares) Regulations, 2009 - last amended on July 29, 2019
21-01-2013	the Securities and Exchange Board of India (Investment Advisers) Regulations, 2013.
07-01-2014	SEBI (Central Database Of Market Participants) Regulations, 2003 Last amended on January 07, 2014
10-01-2014	SEBI (Procedure for Search and Seizure) Repeal Regulations, 2015
07-02-2014	the Securities and Exchange Board of India (Certification of Associated Persons in the Securities Markets) Regulations, 2007 last amended on February 07, 2014
15-07-2015	the Securities and Exchange Board of India (Issue and Listing of Debt Securities by Municipalities) Regulations, 2015.
29-07-2015	SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (Last amended on July 29, 2019)
08-12-2016	the Securities and Exchange Board of India (Research Analysts) Regulations, 2014.(last amended on December 08, 2016)
06-03-2017	the Securities and Exchange Board of India (Share Based Employee Benefits) Regulations, 2014. (last amended on March 06, 2017)
06-03-2017	the Securities and Exchange Board of India KYC (Know Your Client) REGISTRATION AGENCY Regulations, 2011.(last amended on March 6, 2017)
06-03-2017	the Securities and Exchange Board of India (Investor Protection and Education Fund) Regulations, 2009 (Last amended on March 6, 2017)
06-03-2017	Securities and Exchange Board of India (Self Regulatory Organizations) Regulations, 2004. Last amended on March 6, 2017
06-03-2017	the Securities and Exchange Board of India (Foreign Venture Capital Investor) Regulations, 2000 last amended on March 6, 2017
06-03-2017	the Securities and Exchange Board of India (Underwriters) Regulations, 1993. Last amended on March 6, 2017
06-03-2017	the Securities and Exchange Board of India (Collective Investment Schemes) Regulations, 1999. Last amended on March 06, 2017
06-03-2017	SEBI (Merchant Bankers) Regulations, 1992 Last amended on March 6, 2017
21-11-2017	the Securities and Exchange Board of India (Intermediaries) Regulations, 2008. Last amended on November 21, 2017
30-05-2018	the Securities and Exchange Board of India (Registrars to an Issue and Share Transfer Agents) Regulations,1993. Last amended on May 30, 2018
30-05-2018	SEBI (Bankers to an Issue) Regulations, 1994 Last amended on May 30, 2018
03-10-2018	Securities Contracts (Regulation) (Stock Exchanges and Clearing Corporations Regulations, 2018 Last amended on June 04, 2019
03-10-2018	Securities and Exchange Board of India (Depositories and Participants) Regulations, 2018 Last amended on June 04, 2019
03-10-2018	Securities and Exchange Board of India (Appointment of Administrator and Procedure for Refunding to the Investors) Regulations, 2018
09-10-2018	the Securities and Exchange Board of India (Issue and Listing of Non-Convertible Redeemable Preference Shares) Regulations, 2013. (last amended on October 09, 2018)
19-10-2018	Securities and Exchange Board of India (Issue and Listing of Securitised Debt Instruments and Security Receipts) Regulations, 2008 Last amended on October 09, 2018
30-11-2018	SEBI (Settlement Proceedings) Regulations, 2018
31-12-2018	SEBI (Prohibition of Fraudulent and Unfair Trade Practices relating to Securities Market) Regulations, 2003 Last amended on December 31, 2018
22-03-2019	the Securities and Exchange Board of India (Regulatory Fee on Stock Exchanges) Regulations, 2006. Last amended on March 22, 2019
22-03-2019	the Securities and Exchange Board of India (Custodian of Securities) Regulations, 1996.Last amended on 22.03.2019
01-04-2019	the Securities and Exchange Board of India (Stock Brokers) Regulations, 1992. Last amended on April 01, 2019
22-04-2019	the Securities and Exchange Board of India (Infrastructure Investment Trusts) Regulations, 2014.
22-04-2019	the Securities and Exchange Board of India (Real Estate Investment Trusts) Regulations, 2014 (last amended on 22.04.2019)
07-05-2019	the Securities and Exchange Board of India (Debenture Trustees) Regulations, 1993. Last amended on May 07, 2019
08-05-2019	(Employees' Service) Regulations, 2001 Last amended on May 08, 2019
10-05-2019	the Securities and Exchange Board of India (Alternative Investment Funds) Regulations, 2012 last amended on May 10, 2019.
29-07-2019	the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers Regulations, 2011.last amended on July 29, 2019
29-07-2019	the Securities and Exchange Board of India (Buy Back of Securities) Regulations, 2018. last amended on 29.07.2019
29-07-2019	the Securities and ExchangeBoard of India (Delisting of Equity Shares) Regulations,2009. (last amended on July 29, 2019
17-09-2019	SEBI (Prohibition of Insider Trading) Regulations, 2015 (Last amended on January 21, 2019)
23-09-2019	the Securities and Exchange Board of India (Foreign Portfolio Investors) Regulations, 2019
23-09-2019	Securities and Exchange Board of India (Issue Of Capital And Disclosure Requirements) Regulations, 2018 (last amended on September 23, 2019)
23-09-2019	the Securities and Exchange Board of India (Credit Rating Agencies) (Amendment) Regulations, 2019.
23-09-2019	the Securities and Exchange Board of India (Mutual Funds) Regulations, 1996. Last amended on 23.09.2019
27-09-2019	Securities and Exchange Board of India (Issue and Listing of Debt Securities by Municipalities) (Amendment) Regulations, 2019

Schedule 1. THE SCHEDULE