Department of Economic Affairs, Ministry of Finance has released the Securities and Exchange Board of India (Annual Report) Rules, 2021 and have laid down various rules with respect to the Annual Report. Read the official notification and the rules released below:
MINISTRY OF FINANCE
(Department of Economic Affairs)
NOTIFICATION
New Delhi, the 12th March, 2021
G.S.R. 176(E).—In exercise of powers conferred by clause (e) of sub-section (2) of section 29 of the Securities and Exchange Board of India Act, 1992 (15 of 1992) and in supersession of the Securities and Exchange Board of India (Annual Report) Rules, 1994, except as respects things done or omitted to be done before such supersession, the Central Government hereby makes the following rules, namely: -
1. Short title and commencement.–
(1) These rules may be called the Securities and Exchange Board of India (Annual Report) Rules, 2021.
(2) They shall come into force on the date of their publication in the Official Gazette.
2. Definitions – (1) In these rules, unless the context otherwise requires,—
(a) "Act" means the Securities and Exchange Board of India Act, 1992 (15 of 1992);
(b) "Board" means the Securities and Exchange Board of India established under section 3 of the Act.
(2) All other words and expressions used in these rules but not defined, and defined in the Act shall have the same meanings respectively assigned to them in the Act.
3. Form of Annual Report - (1) The Board shall submit a report to the Central Government giving a true and full account of its activities, policies and programmes during the previous financial year in the Annexure appended to these rules.
(2) The report shall be submitted within ninety days after the end of each financial year.
To download the complete notification, find the enclosed file
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