Securities And Exchange Board of India Act, 1992

Section - 1 - Short title, extent and commencement

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Section - 2 - Definitions

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Section - 3 - Establishment and incorporation of Board

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Section - 4 - Management of the Board

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Section - 5 - Term of office and conditions of service of Chairman and members of the Board

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Section - 6 - Removal of member from office

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Section - 7 - Meetings

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Section - 7A - Member not to participate in meetings in certain cases

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Section - 8 - Vacancies, etc., not to invalidate proceedings of Board

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Section - 9 - Officers and employees of the Board

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

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Section - 11 - Functions of Board

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Section - 11A - 1[Board to regulate or prohibit issue of prospectus, offer document or advertisement soliciting money for issue of securities

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Section - 11AA - Collective investment scheme

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Section - 11B - Power to issue directions and levy penalty

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Section - 11C - Investigation

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Section - 11D - Cease and desist proceedings

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

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Section - 12A - Prohibition of manipulative and deceptive devices, insider trading and substantial acquisition of securities or control

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Section - 13 - Grants by the Central Government

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Section - 14 - Fund

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Section - 15 - Accounts and audit

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Section - 15A - Penalty for failure to furnish information, return, etc.

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Section - 15B - Penalty for failure by any person to enter into agreement with clients

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Section - 15C - Penalty for failure to redress investors’ grievances

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Section - 15D - Penalty for certain defaults in case of mutual funds

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Section - 15E - Penalty for failure to observe rules and regulations by an asset management company

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Section - 15EA - Penalty for default in case of alternative investment funds, infrastructure investment trusts and real estate investment trusts

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Section - 15EB - Penalty for default in case of investment adviser and research analyst

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Section - 15F - Penalty for default in case of stock brokers

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Section - 15G - Penalty for insider trading

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Section - 15H - Penalty for non-disclosure of acquisition of shares and takeovers

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Section - 15HA - Penalty for fraudulent and unfair trade practices

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Section - 15HAA - Penalty for alteration destruction, etc., of records and failure to protect the electronic database of Board

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Section - 15HB - Penalty for contravention where no separate penalty has been provided

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Section - 15I - Power to adjudicate

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Section - 15J - Factors to be taken into account while adjudging quantum of penalty

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Section - 15JA - Crediting sums realised by way of penalties to Consolidated Fund of India

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Section - 15JB - Settlement of administrative and civil proceedings

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Section - 15K - Establishment of Securities Appellate Tribunal

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Section - 15L - Composition of Securities Appellate Tribunal

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Section - 15M - Qualifications for appointment as Presiding Officer/Judicial Member and Tehnical Member

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Section - 15MA - Appointment of Presiding Officer and Judicial Members

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Section - 15MB - Search-cum-Selection Committee for appointment of Technical Members

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Section - 15MC - Vacancy not to invalidate selection proceeding

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Section - 15N - Tenure of office of Presiding Officer, Judicial or Technical Members of Securities Appellate Tribunal

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Section - 15O - Salary and allowances and other terms and conditions of service of Presiding Officers

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Section - 15P - Filling up of vacancies

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Section - 15PA - Member to act as Presiding Officer in certain circumstances

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Section - 15Q - Resignation and removal

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Section - 15QA - Qualifications, terms and conditions of service of Presiding Officer and Member

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Section - 15R - Orders constituting Appellate Tribunal to be final and not to invalidate its proceedings

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Section - 15S - Staff of the Securities Appellate Tribunal

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Section - 15T - Appeal to the Securities Appellate Tribunal

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Section - 15U - Procedure and powers of the Securities Appellate Tribunal

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Section - 15V - Right to legal representation

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Section - 15W - Limitation

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Section - 15X - Presiding Officer, members and staff of Securities Appellate Tribunals to be public servants.

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Section - 15Y - Civil Court not to have jurisdiction

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Section - 15Z - Appeal to Supreme Court

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Section - 16 - Power of Central Government to issue directions

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Section - 17 - Power of Central Government to supersede the Board

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Section - 18 - Returns and reports

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Section - 19 - Delegation

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Section - 20 - Appeals

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Section - 20A - Bar of jurisdiction

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Section - 21 - Savings

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Section - 22 - Members, officers and employees of the Board to be public servants

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Section - 23 - Protection of action taken in good faith

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Section - 24 - Offences

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Section - 24A - Composition of certain offences

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Section - 24B - Power to grant immunity

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Section - 25 - Exemption from tax on wealth and income

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Section - 26 - Cognizance of offences by Courts

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Section - 26A - Establishment of Special Courts

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Section - 26B - Offences triable by Special Courts

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Section - 26C - Appeal and Revision

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Section - 26D - Application of Code to proceedings before Special Court

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Section - 26E - Transitional provisions

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Section - 27 - Contravention by companies

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Section - 28 - Power to exempt

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Section - 28A - Recovery of amounts

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Section - 28B - Continuance of proceedings

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Section - 28C - Powers of Board not to apply to International Financial Services Centre

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Section - 29 - Power to make rules

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Section - 30 - Power to make regulations

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Section - 31 - Rules and regulations to be laid before Parliament

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Section - 32 - Application of other laws not barred

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Section - 33 - Amendment of certain enactments

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Section - 34 - Power to remove difficulties

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Section - 34A - Validation of certain acts

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Section - 35 - Repeal and saving

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The Schedule - AMENDMENT OF CERTAIN ENACTMENTS

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