Securities and
Exchange Board
of
Arrangement
of Sections
1. Short
title, extent and commencement
Establishment of the
Securities and
Exchange Board of India
3. Establishment and
incorporation of Board
5. Term of office and
conditions of service of Chairman and members of the Board
6. Removal of member
from office
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
Transfer of assets,
liabilities, etc., of the
existing Securities and Exchange
Board to the Board
10. Transfer of assets,
liabilities, etc., of existing Securities and Exchange Board to the Board
Powers and Functions
of the Board
11AA. Collective investment
scheme
11B. Power to issue directions
11D. Cease and desist
proceedings
12. Registration
of stock brokers, sub-brokers, share
transfer agents, etc.
13. Grants by the
Central Government
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
15HA. Penalty for fraudulent
and unfair trade practices
15HB. Penalty for
contravention where no separate penalty has been provided
15J. Factors to be taken
into account by the Adjudicating Officer
15JA. Crediting sums realised by way of penalties to Consolidated Fund of India
Establishment,
Jurisdiction, Authority and
Procedure of Appellate Tribunal
15K. Establishment of
Securities Appellate Tribunals
15L. Composition of
Securities Appellate Tribunal
15M. Qualification for
appointment as Presiding Officer or Member of Securities Appellate Tribunal
15N. Tenure of office of
Presiding Officer and other members of Securities Appellate Tribunal
15-O. Salary and allowances
and other terms and conditions of service of Presiding Officers
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
15X. Presiding Officer,
members and staff of Securities Appellate Tribunals to be public servants
15Y. Civil Court not to
have jurisdiction
16. Power of Central
Government to issue directions
17. Power of Central
Government to supersede the Board
22. Members, officers
and employees of the Board to be public servants
23. Protection of
action taken in good faith
24A. Composition of
certain offences
25. Exemption from tax
on wealth and income
26. Cognizance of
offences by Courts
28. [Omitted by the
Securities Laws (Amendment) Act, 1995, w.e.f.
25-1-1995]
31. Rules and
regulations to be laid before Parliament
32. Application
of other laws not barred
33. [Repealed by
Repealing & Amending Act, 2001]
34. Power to remove
difficulties
THE SCHEDULE [Repealed
by Repealing & Amending Act, 2001]