SECURITIES AND EXCHANGE BOARD OF INDIA ACT, 1992

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S.1 Short title, extent and commencement

S.2 Definitions

S.3 Establishment and incorporation of Board.-

S.4 Management of the Board

S.5 Term of office and conditions of service of Chairman and members of the Board

S.6 Removal of member from office

S.7 Meetings

S.7(a) Member not to participate in meetings in certain cases

S.8 Vacancies etc., not to invalidate proceedings of Board

S.9 Officers and employees of the Board

S.10 Transfer of assets, liabilities, etc., of existing Securities and Exchange Board to the Board

S.11 Functions of Board

S.11(a) Board to regulate or prohibit issue of prospectus, offer document or advertisement soliciting money for issue of securities

S.11(a)(a) Collective investment scheme

S.11(b) Power to issue directions

S.11(c) Investigation

S.11(d) Cease and desist proceedings

S.12 Registration of stock-brokers, sub-brokers, share transfer agents, etc.

S.12(a) Prohibition of manipulative and deceptive devices, insider trading and substantial acquisition of securities or control.

S.13 Grants by the Central Government

S.14 Fund

S.15 Accounts and audit

S.15(a) Penalty for failure to furnish information, return, etc.

S.15(b) Penalty for failure by any person to enter into agreement with clients

S.15(c) Penalty for failure to redress investors’ grievances

S.15(d) Penalty for certain defaults in case of mutual funds

S.15(e) Penalty for failure to observe rules and regulations by an asset management company

S.15(f) Penalty for default in case of stock brokers

S.15(g) Penalty for insider trading

S.15(h) Penalty for non-disclosure of acquisition of shares and take-overs

S.15(h)(a) Penalty for fraudulent and unfair trade practices

S.15(h)(b) Penalty for contravention where no separate penalty has been provided

S.15(i) Power to adjudicate

S.15(j) Factors to be taken into account by the adjudicating offi­cer

S.15(k) Establishment of Securities Appellate Tribunals

S.15(l) Composition of Securities Appellate Tribunal

S.15(m) Qualification for appointment as Presiding Officer or Member of Securities Appellate Tribunal

S.15(n) Tenure of office of Presiding Officer and other Members of Securities Appellate Tribunal

S.15(o) Salary and allowances and other terms and conditions of service of Presiding Officer

S.15(p) Filling up of vacancies

S.15(q) Resignation and removal

S.15(r) Orders constituting Appellate Tribunal to be final and not to invalidate its proceedings

S.15(s) Staff of the Securities Appellate Tribunal

S.15(t) Appeal to the Securities Appellate Tribunal

S.15(u) Procedure and Powers of the Securities Appellate Tribunal

S.15(v) Right to legal representation

S.15(w) Limitation

S.15(x) Presiding Officer, Members and Staff of Securities Appellate Tribunals to be public servants

S.15(y) Civil court not to have jurisdiction

S.15(z) Appeal to Supreme Court

S.16 Power to Central Government to issue directions

S.17 Power of Central Government to supersede the Board

S.18 Returns and reports

S.19 Delegation

S.20 Appeal

S.20(a) Bar of jurisdiction

S.21 Savings

S.22 Members, officers and employees of the Board to be public servants

S.23 Protection of action taken in good faith

S.24 Offences

S.24(a) Composition of certain offences

S.24(b) Power to grant immunity

S.25 Exemption from tax on wealth and income

S.26 Cognizance of offences by courts

S.27 Offences by Companies

S.28 Power to exempt

S.29 Power to make rules

S.30 Power to make regulations

S.31 Rules and regulations to be laid before Parliament

S.32 Application of other laws not barred

S.33 Amendment of certain enactments

S.34 Power to remove difficulties

S.35 Repeal and saving

Sch Amendment of Certain Enactments

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S.15(j) Factors to be taken into account by the adjudicating officer