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Sebi Act 1992 Section List

This document outlines the key sections of the Securities and Exchange Board of India Act of 1992, which established the Securities and Exchange Board of India (SEBI) as the regulator of securities markets in India. Some of the major sections include establishing SEBI as an independent board, outlining its powers and functions related to regulating securities markets, rulemaking and enforcement powers including investigations and penalties, and establishing the Securities Appellate Tribunal to hear appeals related to SEBI's orders and decisions.

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Raja Bahl
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68 views

Sebi Act 1992 Section List

This document outlines the key sections of the Securities and Exchange Board of India Act of 1992, which established the Securities and Exchange Board of India (SEBI) as the regulator of securities markets in India. Some of the major sections include establishing SEBI as an independent board, outlining its powers and functions related to regulating securities markets, rulemaking and enforcement powers including investigations and penalties, and establishing the Securities Appellate Tribunal to hear appeals related to SEBI's orders and decisions.

Uploaded by

Raja Bahl
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PDF, TXT or read online on Scribd
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THE SECURITIES AND EXCHANGE BOARD OF INDIA ACT,1992

SECTION LIST
1. Short title, extent and commencement.
2. Definitions
3. Establishment and incorporation of board
4. Management of the Board
5. Term of office and conditions of service of chairman and
members of Board
6. Removal of Members of Board
7. Meetings of Board
7A. Member not to participate in Meetings in certain cases
8. Vacancies etc. not to invalidate proceedings of the Board
11. Powers and functions of SEBI
11A. Board to regulate or prohibit issue of prospectus ,offer
document or advertisement soliciting money for issue of securities
11AA. Collective Investment scheme
11B. Power to issue direction and levy penalty
11C. Investigation
11D. Cease and desist proceedings
12. Registration Certificate
12A. Prohibition of Manipulative and deceptive devices , insider
trading and substantial acquisition of securities or control
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 investor’s 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
15EA. Penalty for default in case of alternative investment
funds,infrastructure investment trust and real estate investment
trusts
15EB.Penalty for default in case of investment adviser and research
analyst
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
15HA.Penalty for fraudulent and unfair trade practices
15HAA.Penalty for alteration destruction etc of records and failure
to protect the electronic database of board
15HB.Penalty for contravention where no separate penalty has
been provided
15I.Power to adjudicate
15J.Factors to be taken into account while adjudging quantum of
penalty
15JA.Crediting sums realized by way of penalties to Consolidated
fund of India.
15JB. Settlement of administrative and civil proceedings
15K.Establishment ,Jurisdiction ,Authority and procedure of
Securities Appellate Tribunal (SAT)
15L.Composition of SAT
15M.Qualification for appointment as Presiding officer or Member
of SAT
15MA.Appointment of jurisdictional member
15MB.Appointment of technical member
15MC.Validity of appointment of Presiding officer and members of
SAT
15N.Tenure of office of Presiding Officer and other Members of SAT
15O.Salary and allowances and other terms and conditions of
services of presiding officers
15P.Filling up of Vacancies
15PA.Vacancies by Death or Resignation or otherwise
15Q.Resigation and removal
15QA.Appointment,qualifications and other Terms and conditions
of services of the Presiding officer and Members of Appellate
Tribunal to be governed by finance act,2017
15R.Orders constituting Appellate Tribunal to be final and not to
invalidate its proceedings
15S.Staff of the SAT
15T.Appeal to the SAT
15U.Procedure and powers of the SAT
15V.Right to legal representation
15W. Limitation
15X.Presiding Officer,Members and staff of SAT to be public
servants
15Y.Civil Court not to have jurisdiction
15Z.Appeal to Supreme Court
16.Powers of CG to issue directions
17.Power of central Government to supersede the Board
18.Return and reports
20.Appeals
20A.Bar of jurisdiction
22.Members ,officers and employees of the Board to be Public
servants
23.Protection of actions taken in good faith
24.Offences
24A.Composition of certain offences
24B.Power to grant immunity
26.Cognizance of offences by courts
26A.Establishment Special Courts
26B.Offences triable by Special Courts
26C.Appeal and revision
26D.Application of code to proceedings before special court
26E.Transitional provisions
27.Contravention by companies
28A.Recovery of amounts
28B.Continuance of proceedings
29.Power to make rules
30.Power to make regulations
31.Rules and regulations to be laid before Parliament
32.Application of other laws no barred
34.Power to remove difficulties
34A.Validation of certain acts

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