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evsjv`k MRU AvBb

(K) A_ wmwKDwiwUR I GP Kwgkb AvBb, 1993


(1993 mbi15 bs AvBb);
iweevi, g 26, 1996
(L) Ave`b A_ gvPU evsKvi mvwUwdKU ev, gZ,
8g L-- emiKvix ew Ges Kcvikb KZK A_i wewbgq RvixKZ cvUdvwjI gvbRvi mvwUwdKUi Rb Ave`b;
wevcb I bvwUkmg~n|
(M) Bmy A_ wmwKDwiwUR weqi Dk MYcveGes
wmwKDwiwUR I GP Kwgkb Kvb ew ev mswewae msvi gvPU evsKvii gvag
Rxeb exgv UvIqvi (16 I 17Zjv) wmwKDwiwUR q ev weq ev Ab Kvbfve nvi;
10, w`jKzkv evwYwRK GjvKv
XvKv-1000 (N) KicviU Dc`v A_ Ggb ew whwb Bmyi cwigvY,
aib, cqvRbxqZv GZ`msv
ev welq BmyKvix
wew KvvvbxK civgk c`vb Kib;
ZvwiL, 24k Gwcj 1996Bs/11B ekvL 1403 evs 2
[(NN) Z`viKx KgKZv
Compliance( Officer ) A_
gvPU evsKvi KZK wbqvMcv Z`viKx KgKZv;]
Gm, Avi, I, bs 59-AvBb/96-wmwKDwiwUR I GP Kwgkb AvBb,
1993 (1993 mbi 15 bs AvBb) Gi aviv 25 G c` gZvej cvUdvwjI
(O) A_ Kvb ewi mgy`q wmwKDwiwUR;
wmwKDwiwUR I GP Kwgkb, miKvii c~evbygwZg, wbgwjwLZ
1
[wewagvjv] cYqb Kwij, h_v t- 3
[(P) cvUdvwjIportfolio
gvbRvi (
manager ) A_
c_g Aavq Ggb Kvb ew whwb, wbR^ cvUdvwjI eevcbvi
cvkvcvwk, gjK Zvnvi wmwKDwiwUR ev Znwej
cviwK eevcbv I GZ`msv ckvmb Dc`k w`qv _vKb, ev
gji c wmwKDwiwUR ev Znweji eevcK nb, ev
1
1| msw wkivbvgv|-GB ]wewagvjv] wmwKDwiwUR I GP Kwgkb gji wmwKDwiwUR ev Znwej ckvmbi `vwqZ cvjb
1
(gvPU evsKvi I cvUdvwjI gvbRvi)[wewagvjv], 1996 bvgKib;]
AwfwnZ nBe| (Q) cwi`kK A_ 4
[wewa] 32 Gi Aaxb wbhycwi`kK;

2| msv|- (1) welq ev cmi cwicx Kvb wKQy bv _vwKj, 2


GB
1 cvcbbs-GmBwm/wmGgAviAviwmwW/2001-50/ckvmb-03/14, ZvwiL 9 Rvbyqvwi, 2006Bs
[wewagvjvq]- Gi viv mwbewkZ nBqvQ, hvnv Gwcj 5, 2006BsZvwiL evsjv`k MRU cKvwkZ|
cvcb bs 3GmBwm/GjGmwW/(Avtmt)/2003/122/ckvmb-03/12 ZvwiLt 26k Rvbyqvix
2006Bs viv cwZvwcZ nBqvQ|
1
cweavbgvjv kwU4 wewagvjv viv
cweavbgvjv kwU wewagvjv viv cvcb bs GmBwm/iwRt/ct/gvev/2000/747,ZvwiL 24k
cvcb bs GmBwm/iwRt/ct/gvev/2000/747,ZvwiL 24k
Avei2000Bs Gi gvag cwZvwcZ nBqvQ hvnv evsjv`kMRU
Avei
bf^i
2000Bs
7, 2000Bs
Gi gvag cwZvwcZ nBqvQ hvnv evsjv`k MRU bf^i 7, 2000Bs
ZvwiL cKvwkZ nBqvQ| ZvwiL cKvwkZ nBqvQ|
1
(R) dig 1A_ GB [wewagvjvi] mwnZ mshy mswk dig; wZxq Aavq
1
(S) ew A_ Kvvbx, mswewae msv, [Kwgkb KZK
Abygvw`Z Ab Kvb cwZvbI;] Afy nBe; gvPU evsKvi wbeb mvwUwdKU, BZvw`
2
[(T) gvPU evsKvi A_ Ggb ew wbeb mvwUwdKU
whwb GB 3|
wewagvjvi
1
ewZiK gvPU evsKvi KvRKiY wbwl|-GB
[wewagvjvi]
Aaxb KicviU Dc`v, cvUdvwjI gvbRvi, Aaxb Kwgkbi wbKU nBZ gvPU evsKvi wbeb
AejLK Ges/A_ev Bmy eevcK wnmvemvwUwdKU
hveZxq KvR ewZiK Kvb ew gvPU evsKvi wnmve KvR
Kivi Rb wbeb mb` cv nBqvQb;] Kwieb bvt
1 1
(U) mvwUwdKU A_ GB [wewagvjvi] Aaxb
Ze kZKwgkb KZK
_vK h, GB [wewagvjv] ceZbi AeewnZ c~e Kvb
BmyKZ gvPU evsKvi ev gZ, cvUdvwjI
ew gvPU gvbRvi
evsKvi wbeb mvwUwdKU Gi Rb Kwgkbi wbKU
wbeb mb`c| Ave`b Kwiqv _vwKj, D Ave`b wbw bv nIqv ch wZwb
3 gvPU evsKvi ckvq wbqvwRZ _vwKZ cvwieb|
[2K|Av`kevwb`kcwicvjb|-GB wewagvjvq DwjwLZ cwicvjbxq
1
weavbmg~n wmwKDwiwUR I GP Kwgkb [3K| AvBb,wbeb
1993 gyixi AhvMZv|-(1) Kvb gvPU evsKvi Gi `iLv
gvZveK c` wb`k ev Av`k cwicvjb wnmve MYwbeb
nBet gyixiRb hvM nBe bv, hw`-
Ze kZ _vK h, Kwgkb, GBwewagvjvi Aaxb(K) mgq
Dnvmgq
Kvvwb,
Ab mswewae msv ev Kwgkb KZK Abygvw`Z
Kvb Av`k ev wb`k I Rvix KwiZ cvwie|] Ab Kvb cwZvb bv nqt
Ze kZ _vK h, h mKj gvPU evsKvi BZvc~e Kvvwb ev
mswewae msv bn Ggb Kvb cwZvb wnmve wbeb mb`cv
nBqvQ Zvnv`iK A mskvabx MRU cKvki 6 (Qq)
gvmi ga KvvwbZ icvwiZ nBZ nBe;
Dnvi(L)
cwikvwaZ g~jab 10 (`k) KvwU UvKv ch es
mvewYK bxU m` cwikvwaZ g~jabi AZt kZKiv
50 (cvk) fvM bv nqt
Ze kZ _vK h,

1
(A) Kvb Ave`bKvix,AejLK
(underwriting) eZxZ
cvcb bs-GmBwm/wmGgAviAviwmwW/2006-159/ckvmb-01/31 ZvwiL 16B Ryb 2008
Kvb Gi
Bmy eevcbvq wbqvwRZ nBZ AvMnx nBj,
viv cwZvwcZ nBqvQ hvnv RyjvB 20, 2008Bs ZvwiLevsjv`k MRUcKvwkZnBqvQ|
2
cvcb bs GmBwm/GjGmwW/(Avtmt)/2003/122/ckvmb-03/12 ZvwiLt26k Rvbyqvix
2006Bs viv cwZvwcZ nBqvQ cvcb bs-GmBwm/wmGgAviAviwmwW/2006-159/ckvmb-01/31
4 ZvwiL 16B Ryb2008 Gi
3
cvcb bs-GmBwm/wmGgAviAviwmwW/2001-50/ckvmb-03/14, ZvwiL 9 Rvbyqvwi,2006Bs
vivcwZvwcZ nBqvQhvnv RyjvB 20, 2008Bs ZvwiL evsjv`kMRU cKvwkZ nBqvQ|
Gi viv mwbewkZ nBqvQ, hvnv Gwcj 5, 2006Bs ZvwiLevsjv`k MRU cKvwkZ|
2
Zvnvi b~bZg 1 (GK) KvwU UvKvi cwikvwaZ g~jab cvUdvwjI gvbRvi Z_v gvPU evsKvi (evsK I
_vwKZ nBe Ges mb`cv Bmy gvbRvii , AAvw_K cwZvb ewZZ) Kvb mgqB g~jabi, A_vr
mskvabxi cvcb MRU cKvk nBevi 1 (GK) cwikvwaZ g~jab I wd wiRvf
revaluation (
reserve
eQii ga cwikvwaZ g~jab 1 (GK) KvwU UvKvq Qvov) Gi, cvuPYi ekx cvUdvwjI Znwej eevcbv
DbxZ KwiZ nBe; KwiZ cvwie bv|]|

(Av) Kvb Ave`bKvix Bmy AejLK (underwriting) Kwgkbi weePbvq


(M) cyuwRevRviev wewbqvMKvix`i ^v_
KwiZ AvMnx nBj, Zvnvi b~bZg 5 (cuvP) KvwU UvKvi `iLvwU weePbvi AeKvk bv _vK;
cwikvwaZ g~jab _vwKZ nBe, Ges mb`cv(2) Kwgkb, Rb^v_, Dc-wewa (1) Gi weavbvejxi h KvbwU h
AejLiK , A mskvabxi cvcb MRU Kvb gvPU evsKvii wkw_j KwiZ cvwie||]
cKvk nBevi 1 (GK) eQii ga b~bZg 3 (wZb)
KvwU UvKv Ges cieZx 1(GK) eQii ga Aewk4| mvwUwdKUi RbAve`b|- (1) gvPU evsKvi wbeb
UvKv Dvjb Kwiqv cwikvwaZ g~jab 5 (cuvP) KvwU mvwUwdKUi Rb dig K G Ave`b KwiZ nBe|
UvKvq DbxZ KwiZ nBe;
(2) c AWvi ev evsK WvdU Gi gvag Ave`b wd eveZ
(B) Kvb Ave`bKvix cvUdvwjI eevcbv, Bmy Kwgkb eivei AdirhvM 1000 (GK nvRvi) UvKv Rgv
eevcbv Ges AejLb
(underwriting) KwiZ AvMnx bv Kwij Kvb Ave`b MnYhvM nBe bv|
nBj, Zvnvi b~bZg 10 (`k) KvwU UvKvi cwikvwaZ (3) Ave`b dig Gi Pvwn`v Abyhvqx Z_vw` h_vh_fve Ges
g~jab _vwKZ nBe Ges mb`cv Bmy gvbRvi, m~Yfve 2
DjL ev, gZ, mieivn bv Kwij ev GB
AejLK Ges cvUdvwjI gvbRvi Gi , A [wewagvjvi] Abvb kZ c~iY Kiv bv nBj Ave`b
mskvabxi cvcb MRU cKvk nBevi 1 (GK) evwZjhvM nBet
eQii ga b~bZg 6 (Qq) KvwU UvKvGes cieZx 1
Ze kZ _vK h, Kvb Ave`b evwZj Kivi c~e Kwgkb
(GK) eQii ga Aewk UvKv Dvjb Kwiqv
KZK wbw`KZ mgqi ga Avcwwj `~i Kivi Rb
cwikvwaZ g~jab 10 (`k) KvwU UvKvq DbwZ KwiZ
Ave`bKvixK wjwLZfve RvbvBZ nBe|
nBet
KvbAve`bwbwi
(4) myweav_ Kwgkb Ave`bKvixK
1
[Aviv kZ _vK h, Kvb AejLK Z_v gvPU Ave`bi mwnZ`vwLjKZ Z_i AwZwi Z_ ev
evsKvi Kvb mgqB Zvnvi g~jabi A_vr cwikvwaZ mieivnKZKvb Z_i evLv
c`vb KwiZ
ve
g~jab I wd wiRvf ( reserve Qvov) Gi
revaluation Ave`bKvixK ev Zvnvi c ewMZ ee ivLvi Rb
cuvPYi ekx AejLb KwiZ cvwie bv, Ges Avnvb KwiZ cvwie|

1
cvcb bs- GmBwm/wmGgAviwmwW/2006-159/ckvmb-01-39 ZvwiL 20 Gwcj, 2009 Gi
2
viv cwZvwcZ nBqvQ, hvnvg 18,2009BsZvwiL evsjv`k MRU
evsjv`k
cKvwkZ
MRU
nBqvQ|
bf^i 07, 2000Bs ZvwiL RvixKZ cvcb viv cwZvwcZ nBqvQ|
3
1
5| mvwUwdKU gyi KiYi Rb KwZcq weeP welq|- [(1)] gvPU
evsKvi wbeb mvwUwdKU gyiKiYi Rb Kwgkb, Abvbi Ze kZ
ga,_vK h, BwZga wbewZ gvPU evsKviK
wbgwjwLZ welqwj Z` I weePbv Kwie, h_vt- AvMvgx Qq gvmi ga Z`viKx KgKZv wbqvM/c`vqb
(K) Ave`bKvixi eemvqi vb, Awdm BZvw`; KwiZ nBe;

(L) gvPU evsKvi KvR wbqvwRZ Kwgkb KZK Z`viKx


(4)KgKZvK AekB b~bZg vZK wWMxavix nBZ
wbavwiZ jvKej Ges mswk
KvR Zvnv`i nBe Ges Kwgkb cqvRb gb Kwij mgq mgq G welq
AwfZv; h Kvb kZ Avivc KwiZ cvwie;
(M) g~jabichvZv;
gvPU
(5) evsKvi KZK wmwKDwiwUR AvBb Kvbyb cwicvjb
(N) Ave`bKvix ev Zvnvi 2Kvb [cwiPvjKi] FY
msv cwZe`b Z`viKx KgKZv gvPU evsKvi Ges
MZv, wmwKDwiwUR gvKUi mv_ mswk Kvb
Kwgkbi wbKU Kwgkb KZK wbavwiZ cwZ I mgq
gvgjvq Ave`bKvixev Zvnvi Kvb [cwiPvjKi]
`vwLj Kwieb|]|
mswkZv, bwZK jbRwbZ Aciva Ave`bKvix
ev Zvnvi Kvb [cwiPvjKi] `vlx mve nIqv ev G
6| g~jab chvZv|- (1) Kwgkb KZK GZ`yk, mgq mgq, wbavwiZ
RvZxq Kvb Aciva `wZ nIqv;
g~jab bv _vwKj, Kwgkb Kvb ewK gvPU evsKvi wbeb
(O) bvgi Ask wnmve gvPU evsKvi ev gvPU evsK
mvwUwdKU gyi Kwie bv|
ev BbfgU evsK eenvi bv Kiv| 1
(2) Kwgkb cvcb viv [Dc-wewa] (1) Gi Aaxb g~jabicwigvY
3
(2) Kvb K wWjvi, K evKvi ev wgDPyqvj dvi Kvb cKvk Kwie|
m` eevcbv Kvvbx, Uvw ev ndvRZKvix56K| gvPU
KwZcq cwiPvjKcwil` MVbRwbZ KviY Ave`b
evsKvi I cvUdvwjI gvbRvi wnmve wbeb bvgyiKiY|- gvPU evsKvi I cvUdvwjI
wbeb
gvbRvi
mvwUwdKU cvIqvi hvM nBe bv| mvwUwdKUi Rb Kwgkbi wbKU Ave`bKvix Kvb Kvvbx ev
4 mswewae msv nBj Dnvi Ave`b bvgyi nBe, hw` Dnvi
[(3) gvPU evsKvi Kwgkb KZK wbavwiZ hvMZvmb
cwiPvjK cl`i m`m`i ga 50% fvMi ekx Dnvi Awafy
GKRb Z`viKx KgKZvK wbqvM`vb bv Kwij Dnv
Kvb Kvvbxi ev cwZvbi cwiPvjbv cl`i m`m nb A_ev
gvPU evsKvi wbeb mb` cvIqvi hvM nBe bvt
Dnvi D`vv ev D`vv Kvvbxi mwnZ mswk nb|]
7|gvPU evsKvi wbeb mvwUwdKU GiAve`b gyiKiY|- (1) Kvb
1
evsjv`k MRU bf^i 07, 2000Bs ZvwiL RvixKZ cvcb viv KZK
ew cybmsLvwqZ nBqvQ|
c` gvPU evsKvi wbeb mvwUwdKUi Ave`b
2
cvcb bs-GmBwm/wmGgAviAviwmwW/2006-159/ckvmb-01/31 ZvwiL 16B Ryb 2008 Gi
weePbv Kwiqv Kwgkb hw` GB gg my nq h, Ave`bKvixK
viv cwZvwcZ nBqvQ hvnv RyjvB 20, 2008Bs ZvwiL evsjv`k MRU cKvwkZ nBqvQ|
3
vsjv`kMRU
e bf^i 07, 2000Bs ZvwiLRvixKZ cvcb viv cwZvwcZnBqvQ|
4
cvcb bs-GmBwm/wmGgAviAviwmwW/2001-50/ckvmb-03/14 ZvwiL 9 Rvbyqvwi, 2006Bs
5
Gi viv mwbewkZ nBqvQ, hvnv Gwcj 5,2006Bs ZvwiL evsjv`k evsjv`k
MRUMRU
cKvwkZ|
bf^i 07, 2000BsZvwiLRvixKZ cvcb viv cwZvwcZ nBqvQ|
4
mvwUwdKU gyi Kiv mgxPxb I h_vh_ nBe, Zvnv nBj Kwgkb
hw` Dnv bv-gyi Kib, Zvnv nBj Zvnvi Ave`b evwZj
ZvnvK gvPU evsKvi wbeb mvwUwdKU gyii wmv nBqvQ
MnYewjqv
KwieMY nBe|
Ges Dic wmv Ave`bKvixK wjwLZfve AewnZ 9|
Kwie| 1
evwZj Ave`b cybweePbv|- (1) Kwgkb 8KZK
Gi Aaxb [wewa]
(2) 1[Dc-wewa] (1) Gi Aaxb Kwgkbi wmv cvwi
Kvb Ave`b
GK evwZj Kiv nBj, evwZji wmv MnYi 30 (wk)
gvmi ga Ave`bKvix c-AWvi ev evsK WvdU
w`bi ga,
Gi evwZji KviYmn Ave`bKvixK wjwLZfve RvbvBZ
gvag mvwUwdKU wd eveZ 1,00,000 (GK j) UvKv nBe|
Ges mvwUwdKUi c_g evrmwiK wd eveZ GKB cwZZ (2) 1
[Dc-wewa] (1) Gi Aaxb Ave`b evwZjRwbZ c cvBevi 30
50,000 (cvk nvRvi) UvKv Kwgkb eivei Rgv (wk) w`bi ga Ave`bKvix D wmv cybweePbvi Rb
Kwieb| Kwgkbi wbKU wjwLZ Ave`b KwiZ cvwie Ges GBic h
(3) 1[Dc-wewa] (2) Gi Aaxb wbavwiZ wd Rgv Kiv nBj, Kvb Ave`b Kwgkb cybweePbv Kwie|
Kwgkb Ave`bKvixK dig L Z GKwU gvPU evsKvi 1
wbeb mvwUwdKU c`vb Kwie| (3) GB [wewai] Aaxb Ave`bKvix KZK `vwLjKZ cybweePbvi
8| Ave`b bv-gyi Kivi wmv|- (1) Kvb ew KZK c` gvPU Ave`b cvwi 30 (wk) w`bi ga Kwgkb Z`KZK
evsKvi wbeb mvwUwdKUi Ave`b weePbv Kwiqv wbavwiZ
Kwgkb hw` cwZ
GB I cwqv AbymiY Kwiqv Dnvi Dci Pzov
gg my nq h, Ave`bKvixK mvwUwdKU gyi Kiv wmv
mgxPxbw`eI Ges Ave`bKvixK D wmv wjwLZfve
h_vh_ nBe bv, Zvnv nBj Kwgkb Zvnvi Ave`b gyi bv Kivi RvbvBe|
KviY wjwce Kwiqv Ave`bKvixK wjwLZfve D wmv MnYi1Aaxb cybweePbvi ci hw` Ave`b gyi Kiv nq
(4) GB [wewai]
ZvwiL nBZ 15 (cbi) w`bi ga RvbvBqv w`e Ges GB ggZvnv nBj m 1
[wewa] 7 Gi weavb chvR nBe|
ZvnvK AewnZ Kwie h, hw` Ave`b gyi bv Kivi KviYi Dci
Zvnvi Kvb ee _vK, Zvnv nBj D ee wZwb wjwLZfve, 10| mvwUwdKUi evwlK2[wewagvjvi]
wd|- (1) GB Aaxb gyixKZ
Ave`b bv-gyi msv wmv AewnZcZK gvPU
nIqvi 10 evsKvi Gi wbeb mvwUwdKUi evwlK wd 50,000
(`k) w`bi
(cvk
ga, KwgkbK RvbvBeb A_evwZwb ewMZfve Kwgkb myL nvRvi) UvKv nBe hvnv c-AWvi ev evsK WvdU Gi
DcwZ nBqv Zvnvi ee Ges wjwLZ eei AwZwi ee ck gvag Kwgkb eiveiRgv KwiZ nBe|
1 1
Kivi BQv I KwgkbK, D mgqi ga RvbvBZ cvib| [wewa](2) 7 Gi [Dc-wewa] (2) Gi weavb mvc, mvwUwdKU
1
(2) [Dc-wewa] (1) Gi Aaxb Aveb`Kvix KZK ckKZ KvhKi
wjwLZ nBevi
ev ZvwiL nBZ cwZ cwKv ermi kl nBevi wZb
gwLK ev Dfqwea eeweePbv Kwiqv Kwgkb mswk gvmi ga GB evwlK wd c`q nBe|
Ave`bi Dci P~ov wmv w`e| (3) GB[wewai] Aaxb1 c`q evwlK wd c`vb KwiZ Kvb gvPU
1 evsKvi e_ nBj, Kwgkb, wjwLZAv`k viv, Zvnvi
(3)[Dc-wewa] (2) Gi Aaxb Kwgkb hw` Ave`bKvixi Ave`b
1 mvwUwdKU wMZ KwiZ cvwiet
gyi Kib, mB [wewa] 7 Gi weavb chvR nBe Ges
1 2
cvcb bs-GmBwm/wmGgAviAviwmwW/2006-159/ckvmb-01/31 cvcb
ZvwiL
bs-GmBwm/wmGgAviAviwmwW/2006-159/ckvmb-01/31
16B Ryb 2008 Gi ZvwiL 16B Ryb 2008 Gi
viv cwZvwcZ nBqvQ hvnv RyjvB 20, 2008Bs ZvwiL evsjv`k
vivcwZvwcZ
MRU cKvwkZ
nBqvQhvnv
nBqvQ|RyjvB 20, 2008Bs ZvwiL evsjv`kMRU cKvwkZ nBqvQ|
5
Ze kZ _vK h, GBic wMZv`k c`vbi c~e Kb ZZxq Aavq
wMZv`k c`vb Kiv nBe bv mB gg mswk gvPU gvPU evsKvi Gi `vwqZ
evsKviK KviY `kvbvi bvwUk w`Z nBe|1| wnmve 1 ewn I iKWc iYveY|-(1) cZK gvPU evsKvi
cwZwU wnmve mgq Kvji wbgwjwLZ wnmve ewn, iKW I `wjjvw`
iYveY Kwieb, h_v t-
(K) evjvmxU;
(L) jvf I jvKmvb wnmve;
(M) bM` Av`vb-c`vbi weeiYx;
(N) wnmvei Dci wbixKi cwZe`b;
Kwgkb (O)KZK wbavwiZ wnmve weeiYx mwKZ
wnmve ewn|
(2) cZK gvPU evsKvi Zvnvi wnmve ewn, iKW I `wjjc
Kv_vq iwZ nq mB mK KwgkbK AewnZ Kwieb|
(3) GB [wewai]1 Aaxb msiY Kiv nq Ggb hveZxq wnmve ewn,
iKW I `wjjc 12 (evi) ermi msiY KwiZ nBe|
(4) cZK gvPU evsKvi cwZwU wnmve mgqi kl Kwgkbi
KvQ evjv mxU, jvf I jvKmvb wnmve, bM` Av`vb-
c`vbi weeiYx Ges Kwgkb KZK wbavwiZ Abvb cwZe`b
Kwgkbi Pvwn`v Abyhvqx `vwLj KwiZ eva _vwKeb|
(5) cZK gvPU Kwgkb
evsKvi
KZK wbavwiZ mgq I
cwZZ wbgv Z_mg~n Kwgkbi wbKU mieivn KwiZ
eva _vwKeb, h_v t-
(1)Kwgkb KZK wbavwiZ Bmy eevcbvq Zvnvi `vwqZ;
(2)c~e ckKZ Kvb Z_ cwieZb ev cwieab, hvnv Bmy
Abygv`bi Dci cfve ivwLZ cvi;
(3)h mKj Kvvbxi Bmy wZwb eevcbv KwiqvQb ev h
mKj Kvvbxi Bmyi mwnZ wZwb Ab Kvbfve mswk
wQjb, Dnv`i bvg;
(4)g~jab chvZvi Kvb ni-di; Ges

6
(5)Kvb BmyZ eevcK AejLK, civgkK ev Dc`v PZz_ Aavq
wnmve Zvnvi f~wgKv|
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chvZv Z` Kivi myweav_ cZK gvPU evsKvi Zvnvi
16| mvwUwdKU ewZiK cvUdvwjI gvbRvi KvRKiYGB wbwl|-
AwbixwZ wnmve weeiYx cwZ 3(wZb) gvm Ai Kwgkbi 1 wbKU
[wewavgvjvi] Aaxb Kwgkbi wbKU nBZ cvUdvwjI wbeb
`vwLj Kwieb| mvwUwdKU ewZiK Kvb ew cvUdvwjI gvbRvi wnmve
13| AwWUi wicvUi cwZ c`ci cwZe`b|- cPwjZ AvBb KvR Kwieb bvt
Abyhvqx gvPU evsKvii wnmve wbixv KivBZ nBe; Ges
Ze kZ _vK h, GB [wewavgvjv] 1
ceZbi AeewnZ c~e
wbixKi cwZe`b cvwi lvU w`bi ga cZK gvPU evsKvi
Kvb ew cvUdvwjI gvbRvi wbeb mvwUwdKU Gi
cwZe`b DwjwLZ NvUwZ ev `yejZv gvPbi Rb cqvRbxq Rb Kwgkbi wbKU Ave`b Kwiqv _vwKj, D Ave`b
eev MnY Kwieb| wbw bv nIqv ch wZwb cvUdvwjI gvbRvi ckvq
14| Bmy eevcbv welqK Z_ Bmy
mieivn|-
eevcbvi mwnZ RwoZ wbqvwRZ _vwKZ cvwieb|
gvPU evsKvi mswk Bmy eevcbv mwKZ Kwgkb
3 KZK
[16K| wbeb gyixi AhvMZv|-(1) Kvb cvUdvwjI gvbRvii
wbavwiZ hveZxq welqe, bvh Aaemvqx due mvwUwdKU`iLv ( wbeb gyixi Rb hvM nBe bv, hw`-
diligence certificate) mn, Kwgkbi wbKU mieivn Kwieb|
15| kqvi ARb wewawbla|- Kvb gvPU evsKviev Dnvi Dnv Kvvwb,
Kvb (K)mswewae msv ev Kwgkb KZK Abygvw`Z
cwiPvjK, Askx`vi ev eevcK ev cavb wbevnx, h bvgB Ab Kb cwZvb bv nqt
AwfwnZ nDK bv Kb, Zvnvi ckv`vix `vwqZ cvjbKvj gj ev
Ab Kvb my cv Kvb mswewae msvi AcKvwkZ Ze kZ
g~j_vK h, h mKj cvUdvwjI gvbRvi BZvc~e
mse`bkxj Z_i ( sensitive information ) wfwZ, Kvvwbev mswewae msv bn Ggb Kvb cwZvb wnmve
price
wbR^ wnmve ev mnhvMx ev AvZxqi viv Kvb kqvi wbeb
ARb mb`cv
KwiZ nBqvQ Zvnv`iK A mskvabx MRU
ev Kvb jb`bi msM mwKZ nBZ cvwie bv|cKvki 6 (Qq) gvmi ga KvvwbZ icvwiZ nBZ nBe;
evLv|-G1B[wewaZ] AvZxq A_ evev, gv, ki, kvox, ^vgx, x, cwikvwaZ g~jab 5 (cuvP) KvwU UvKv Ges
(L)Dnvi
fvB, evb, kvjK, kvwjKv, RvgvZv ev cyeay Afy nBe| mvewYK bxU m` cwikvwaZ g~jabi AZt kZKiv
2
[15K| KgKZv,BZvw`wbqvMievavwbla|- Kvb gvPU 50 (cvk) fvM bv nq Ges mb`cv cvUdvwjI
evsKvi I cvUdvwjI gvbRviKZK wbhy Kvb KgKZv ev
gvbRvii A mskvabxi cvcb MRU cvKvk
KgPvix Kvb wgDPyqvj dv, K wWjvi ev K evKvii KgKZv nBevi 1 (GK) eQii ga b~bZg 3(wZb) KvwU UvKv
ev KgPvix nBZ cvwieb bv|]
3
cvcbbs-GmBwm/wmGgAviAviwmwW/2006-159/ckvmb-01/31 ZvwiL 16B Ryb 2008 Gi
1
bf^i 07, 2000BsZvwiL evsjv`k MRU RvixKZ cvcbviv
vivcwZvwcZ
cwZvwcZnBqvQ|
nBqvQhvnv RyjvB 20, 2008Bs ZvwiL evsjv`kMRU cKvwkZ nBqvQ|
2
bf^i 07, 2000Bs ZvwiL evsjv`k MRU RvixKZ cvcb viv mwbewkZ nBqvQ|
7
Ges cieZx 1(GK) eQii ga Aewk UvKv Dvjb (4) Kvb Ave`bwbwi myweav_ Kwgkb Ave`bKvixK
Kwiqv cwikvwaZ g~jab 5 (cuvP) KvwU UvKvq DbxZ Ave`bi mwnZ`vwLjKZ Z_i AwZwi Z_ ev
KwiZ nBet mieivKZ Kvb Z_i evLv c`vb KwiZ ev Ave`bKvix
ev Zvnvi c ewMZ ee ivLvi Rb Avnvb KwiZ
1 cvwie|
[Ze kZ _vK h, cvUdvwjI gvbRvi (evsK I Avw_K
cwZvb ewZZ) Kvb mgqB Zvnvi g~jabi, A_vr cwikvwaZ 18| mvwUwdKU gyiKiYi Rb KwZcqcvUdvwjI
weeP welq|-
g~jab I wd wiRvf (
revaluation reserve Qvov) Gi, gvbRvi wbeb mvwUwdKU gyiKiYi Rb Kwgkb, Abvbi
cvuPYi ekx cvUdvwjI Znwej eevcbv Kwie bv|]| ga, wbgewYZ welqwj Z` I weePbv Kwie, h_v t-
(K) Ave`bKvixi eemvqi vb, Awdm, BZvw`;
(M) Kwgkbi weePbvq cuywRevRviev wewbqvMKvix`i ^v_ KvR wbqvwRZ Kwgkb KZK wbavwiZ
(L) cvUdvwjI
`iLvwU weePbvi AeKvk bv _vK| jvKej Ges D KvR Zvnv`i AwfZv;
(2) Kwgkb, Rb^v_, Dc-wewa 91) Gi weavbvejxi h KvbwU h(M) g~jabi chvZv;
2
Kvb cvUdvwjI gvbRvii wkw_j KwiZ cvwie||] (N) Ave`bKvix ev Zvnvi Kvb [cwiPvjKi] FYMZv,
wmwKDwiwUR gvKUi mswk
mv_
Kvb gvgjvq
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mvwUwdKUi Rb dig M G Ave`b KwiZ nBe| bwZK jbRwbZ Aciva Ave`bKvix ev Zvnvi Kvb
(2) c-AWvi ev evsK WvdU Gi gvag Ave`b wd eveZ [cwiPvjKi] `vlx mve nIqv, BZvw`|
Kwgkb eivei AdiZhvM 1000 (GK nvRvi) UvKv Rgv 19| g~jab chvZv|-
(1) Kwgkb KZK GZ`yk, mgq mgq,
bv Kwij Kvb Ave`b MnYhvM nBe bv| wbavwiZ g~jab bv _vwKj, Kwgkb Kvb ewK cvUdvwjI
(3) Ave`b dig Gi Pvwn`v Abyhvqx Z_vw` h_vh_fve Ges gvbRvi wbeb mvwUwdKU gyi Kwie bv|
m~Yfve DjL ev, gZ, mieivn bv Kwij ev GB (2)Kwgkb cvcb viv3[Dc-wewa] (1) Gi Aaxb wbavwiZ
1
[wewavgvjvi] Abvb kZ c~iY Kiv bv nBj, Ave`b g~jabi cwigvY cKvk Kwie|
evwZjhvM nBet
| cvUdvwjI
20 gvbRvi wbeb mvwUwdKU Gi Ave`b gyiKiY|-
Ze kZ _vK h, Kvb Ave`b evwZj Kivi c~e Kwgkb(1) Kvb ew KZK c`cvUdvwjI gvbRvi wbeb
KZK wbw`KZ mgqi ga Avcwwj `~i Kivi Rb
mvwUwdKU Ave`b weePbv Kwiqv Kwgkb hw` GB gg my nq
mswk Ave`bKvixK wjwLZfve RvbvBZ h, nBe|
Ave`bKvixK mvwUwdKU gyi Kiv mgxPxb I h_vh_ nBe,

2
cvcb bs-GmBwm/wmGgAviAviwmwW/2006-159/ckvmb-01/31 ZvwiL 16B Ryb 2008 Gi
1
cvcb bs-GmBwm/wmGgAviAviwmwW/2006-159/ckvmb-01/31 vivcwZvwcZ
ZvwiL 16B RybnBqvQhvnv
2008 Gi RyjvB 20, 2008Bs ZvwiL evsjv`k MRU cKvwkZ nBqvQ|
3
viv cwZvwcZ nBqvQ hvnv RyjvB 20, 2008BsZvwiL evsjv`k bf^i
MRU 07,
cKvwkZ
2000Bs nBqvQ|
ZvwiL evsjv`k MRU RvixKZ cvcbviv cwZvwcZ nBqvQ|
8
1
Zvnv nBj Kwgkb ZvnvK
cvUdvwjI gvbRvi wbeb (3) [Dc-wewa] (2) Gi Aaxb Kwgkb hw` Ave`bKvixi Ave`b
mvwUwdKU gyii wmv MnY Kwie Ges Dic wmv
gyi Kib, mB cweavb 20 Gi weavb chvR nBe
Ave`bKvixK wjwLZfve AewnZ Kwie| Ges hw` Dnv bv-gyi Kib, Zvnv nBj Zvnvi Ave`b
1
(2) [Dc-wewa] (1) Gi Aaxb Kwgkbi wmv cvwi GK evwZj nBqvQ ewjqv MY nBe|
2
gvmi ga Ave`bKvix c-AWvi ev evsK WvdU Gi 22| evwZj Ave`b cybweePbv|
(1) Kwgkb- KZK [wewa] 20 Gi
gvag mvwUwdKU wd eveZ 1,00,000 (GK Aaxbj) UvKv
KvbGes
Ave`b evwZj Kiv nBj, evwZji wmv MnYi 30
mvwUwdKUi c_g evrmwiK wd eveZ GKB cwZZ (wk) w`bi ga, evwZji KviYmn, Ave`bKvixK wjwLZfve
50,000 (cvk nvRvi) UvKv Kwgkb eivei Rgv Kwie| RvbvBZ nBe|
(3) 1[Dc-wewa] (2) Gi Aaxb wbavwiZ wd c`vb Kiv nBj, (2) 3
[Dc-wewa] (1) Gi Aaxb Ave`b evwZjRwbZ c cvBevi
Kwgkb Ave`bKvixK dig LZ cvUdvwjI gvbRvii
30 (wk) w`bi ga Ave`bKvix D wmv cybweePbvi
GKwU mvwUwdKU c`vb Kwie| Rb Kwgkbi wbKU wjwLZ Ave`b KwiZ cvwieGes
21| Ave`b bv-gyi Kivi wmv|- (1) Kvb ew KZK c` GBic h Kvb Ave`b Kwgkb cybweePbv Kwie|
1
cvUdvwjI gvbRvi wbeb mvwUwdKUi (3) Ave`b
GB [wewai]
weePbv
AaxbKwiqv
Aveb`Kvix KZK `vwLjKZ cybweePbvi
Kwgkb hw` GB gg my nq h, Ave`bKvixK mvwUwdKU Ave`b cvwi
gyi 30 (wk) w`bi ga Z`KZK wbavwiZ
Kiv mgxPxb I h_vh_ nBe bv, Zvnv nBj Kwgkb Zvnvi
cwZAve`b
I cwqv AbymiY Kwiqv Dnvi Dci P~ov wmv w`e
gyi bv Kivi KviYwjwce Kwiqv Ave`bKvixK wjwLZfve, D Ges Ave`bKvixK D wmv wjwLZfve RvbvBe|
wmv MnYi ZvwiL nBZ 15 (cbi) w`bi ga, RvbvBqv w`e 1 Aaxb cybweePbvicihw` Ave`b gyi Kiv
(4) GB[wewai]
Ges GB gg ZvnvK AewnZ Kwie h, hw` Ave`b gyi bvZvnv
nq, Kivi nBj m [wewa]
1
20 Gi weavb chvR nBe|
KviYi Dci Zvnvi Kvb ee _vK, Zvnv nBj D ee wZwb
wjwLZfve, Ave`b bv gyi msv wmv AewnZ23| cvUdvwjI
nIqvi 10 gvbRvii cKwZ, BZvw`i
GB Aavq
cwieZb|-
hvnv wKQyB
(`k) w`bi ga, KwgkbK RvbvBeb, A_ev wZwb ewMZfve _vKzK bv Kb, Kwgkbi wjwLZ cyevbygwZ ewZiK
Kwgkb myL DcwZ nBqv Zvnvi ee Ges Kvb wjwLZcvUdvwjI
eei gvbRvii ghv`v I cKwZi Kvb cwieZb Kiv
AwZwi ee ck Kivi BQv I KwgkbK, D mgqi ga, hvBe bv|
RvbvBZ cvib| 24| mvwUwdKUi evwlK 1
(1) GB[wewagvjvi]
wd|- Aaxb gyiKZ
4
(2) [Dc-wewa] (1) Gi Aaxb Ave`bKvix KZKcZK
1
ckKZ cvUdvwjI
wjwLZ wbeb mvwUwdKUi evwlK wd[50,000
ev gwLK ev Dfqwea ee weePbv Kwiqv Kwgkb (cvk nvRvi)] UvKv nBe hvnv c-AWvi ev evsK WvdU Gi
mswk
Ave`bi Dci Pzov wmv w`e| gvag Kwgkb eiveiRgv KwiZ nBe|
2
bf^i 07, 2000BsZvwiL evsjv`k MRU RvixKZ cvcb viv cwZvwcZnBqvQ|
3
bf^i 07, 2000Bs ZvwiL evsjv`k MRU RvixKZ cvcb viv cwZvwcZ nBqvQ|
1
cvcb bs-GmBwm/wmGgAviAviwmwW/2006-159/ckvmb-01/31 ZvwiL 16B4Ryb 2008 Gi
cvcbbs-GmBwm/wmGgAviAviwmwW/2006-159/ckvmb-01/31 ZvwiL 16B Ryb 2008 Gi
viv cwZvwcZ nBqvQ hvnv RyjvB 20, 2008Bs ZvwiL evsjv`k
vivcwZvwcZ
MRU cKvwkZ
nBqvQhvnv
nBqvQ|RyjvB 20, 2008Bs ZvwiL evsjv`k MRU cKvwkZ nBqvQ|
9
1
2) [wewa] 7 1Gi [Dc-wewa] (2) Gi weavb mvcmvwUwdKU
(2) cvUdvwjI gvbRvi Zvnvi Kwgkb KZK wbavwiZ hveZxq
KvhKi nBevi ZvwiL nBZ cwZ cwKv ermi,
wnmve ewnklPvUvW GvKvDUvU viv wbixv KivBeb, hvnvZ
nBevi wZb gvmi ga GB evwlK wd c`q nBe| wbYxZ nq h, cvUdvwjIgvbRvi h_vh_ wnmve cwZ
1
1
(3) GB[wewai] Aaxb c`q evwlK wd c`vb KwiZ Kvb AbymiY Kib Ges [wewa] gvZveK Zvnvi `vwqZ cvjb
cvUdvwjI gvbRvi e_ nBj Kwgkb, wjwLZ Av`k KwiqvQb| Dic bixv
w cwZe`b cvUdvwjI
viv, Zvnvi mvwUwdKU wMZ KwiZ cvwietgvbRvii wnmve mgvwi Qq gvmi ga Kwgkbi wbKU
Ze kZ _vK h, GBic wMZv`k c`vbi c~e Kb
`vwLj KwiZ nBe|
vwMZv`k c`vb Kiv nBe bv mB gg cvUdvwjI
gvbRviK KviY `kvbvi bvwUk w`Z nBe| | wbixKi
27 cwZe`bi cwZ MnxZ c`ci cwZe`b|-
(4) cZK cvUdvwjI gvbRvi cwZwU wnmve wbixKi
mgqicwZe`b
kl cvwi lvU w`bi ga cZK cvUdvwjI
Kwgkbi KvQ evj mxU, jvf I jvKmvb wnmve,gvbRvi
bM` cwZe`b DjwLZ NvUwZ ev `yejZv gvPbi Rb
Av`vb-c`vbi weeiYx Ges Kwgkb KZK wbavwiZ Abvb cqvRbxq eev MnY Kwieb|
cwZe`b, Kwgkbi Pvwn`v Abyhvqx, `vwLj Kwieb|
(5) cZK cvUdvwjI gvbRvi, Kwgkb KZK wbavwiZ mgq
I cwZZ, wbgv Z_mg~n Kwgkbi wbKU mieivn
KwiZ eva _vwKeb, h_v t-
(K) cvUdvwjI eevcbvi wek` weeiY;
(L) c~e ckKZ Kvb Z_ cwieZb ev cwieab, hvnv
gyixKZ mvwUwdKUi Dci cfve ivwLZ cvi;
(M) h me gji cvUdvwjI cwiPvjbv KwiqvQb
Zvnv`i bvg I wVKvbv;
(N) g~jab chvZvi Kvb ni-di|
25| AwbixwZ wnmve weeiYx|-
Kwgkb KZK cvUdvwjI gvbRvii
g~jab chvZv Z` Kivimyweav_ cZK cvUdvwjI gvbRvi
Zvnvi AwbixwZ wnmve weeiYx cwZ 3 (wZb) gvm Ai Kwgkbi
wbKU `vwLj Kwieb|
26| wnmve Ges wbixv|- (1) cvUdvwjI gvbRvi Zvnvi cZK
gji wnmve c_Kfve iY Kwieb Ges gji Avq I
AvqKi KZbmn mKj LiPvw`i wnmve D wnmve h_vh_fve
c`kb Kwieb|
1
bf^i 07, 2000Bs ZvwiL evsjv`k MRU RvixKZ cvcb viv cwZvwcZ nBqvQ|
10
cg Aavq (P) wewbqvMhvM A_;
cvUdvwjI gvbRvii `vwqZ (Q) gji wnmve wbw Kiviwbqg;
(R) cvUdvwjI gvbRviK c`q wd;
28| wnmve ewn I iKWc iYveY|-
cZK cvUdvwjI gvbRvi (S) wmwKDwiwURi ndvRZ|
cwZwU wnmve mgq Kvji Rb wbgwjwLZ wnmve ewn, iKW I
(2) cvUdvwjI gvbRvi gji Znwej Kvb Zdwmwj evsK c_K
`wjjvw` iYveY Kwieb, h_v t-
wnmve ivwLqv wbR Dnv cwiPvjbv Kwieb|
(K) evjv mxU; 2
[(3)BKzBwU Askx`vwiZi wfwZ cwiPvwjZ cvUdvwjI ewZiK
(L) jvf I jvKmvb wnmve; cvUdvwjI eevcbvi Rb cvUdvwjI gvbRvi gj`i
(M) bM` Av`vb-c`vbi weeiYx; wbKU nBZ wd cvIqvi AwaKvix nBe|
(4) cvUdvwjI gvbRvi BKzBwU Askx`vwiZi wfwZ wbwjwLZ kZ
(N) wnmvei Dci wbixKi cwZe`b;
mvc Zvnvi gji cvUdvwjI MVb I eevcbv KwiZ
(O) Kwgkb KZK wbavwiZ wnmve weeiYx mwKZ wnmve cvwiet MnY|
(2) cZK cvUdvwjI gvbRvi Zvnvi wnmve ewn, iKW I `wjj
(K) cvUdvwjI
c gvbRvi
Zvnvi ^xq weePbvq
(own
Kv_vq iwZ nq mB mK KwgkbK AewnZ Kwieb| discretion) wewbqvM KwiZ cvwie;
(3) GB1 [wewai] Aaxb msiY Kiv nq Ggb hveZxq wnmve ewn, iKW
Dic
(L) wewbqvM cvUdvwjI gvbRvii b~bZg Ask
I `wjj c 12 (evi) ermi msiY KwiZ nBe| nBe 30 (wk) kZvsk; Ges
29| gji mv_ Pzw|-
cvUdvwjI eevcbvi `vwqZ bIqvi c~e
wewbqvMKvixi
(M) wbR^ BKzBwU eevcbvi Rb cvUdvwjI
cZK cvUdvwjI gvbRvi gji mwnZ GKwU Pzw mv`b gvbRvi AvbycvwZK nviwd cvBevi AwaKvix nBe|]
Kwieb Ges DnvZ, Abvb welqi ga, wbv welqmg~nmn, 1
30| gji A_ wewbqvM|- [(1)]
Zvnv`i cviwiK AwaKvi, `vwqZ I f~wgKvi DjL _vwKe,
3
h_vt- [(2)]
41
(K) wewbqvMi Dk I c`vbhvM mev;[{(1) gji mv_ mvw`Z PzwZhvnv wKQyB _vKzK bv Kb, Kvb
(L) wewbqvM ; gj, wbR `vwqZ I wbv Aevq, cvUdvwjI
(M) Kvb wekl Kvvbx ev BvwZ wewbqvM gji 2
Avcw, hw` _vK; cvcb bsGmBwm/wmGgAviAviwmwW/2001-50/ckvmb------ZvwiL m^i 30, 2009Bs
Gi viv cwZvwcZ n&BqvQ, hvnv ----------- ZvwiL evsjv`k MRU cKvwkZ nBqvQ|
(N) cvUdvwjI eevcbvq SzuwK; cvcb bs-3 GmBwm/GjGmwW(Avtmt)2003/122/ckvmb/01/18 ZvwiL 26 g 2009Bs Gi
viv wejy nBqvQ, hvnv evsjv`k MRU RyjvB 13, 2003Bs ZvwiL cKvwkZ nBqvQ|
(O) Pzwi gqv` Ges gqv`c~wZi c~e Pzw evwZj Kivi welq;
cvcb bs-4GmBwm/GjGmwW(Avtmt)2003/122/ckvmb/01/18 ZvwiL 26 g 2009Bs Gi
viv c~bmsLvwqZ Kiv nBqvQ, hvnv evsjv`k MRU RyjvB 13, 2003Bs ZvwiL cKvwkZ
1
bf^i 07, 2000BsZvwiL evsjv`k MRU RvixKZ cvcbviv cwZvwcZnBqvQ|
nBqvQ|
11
wmwKDwiwUR ev Znwej cZvnvi KwiZ ev dir wbZ cvwieb,
(Omnibus type BO Account) G wmwKDwiwUR q-weq Kiv
h_vt- nBe m MocoZv g~j AvbycvwZKfve wbR wbR myweavfvMx
gvwjK wnmve
(K) cvUdvwjI gvbRvi Zvnvi KvR nBZ AevnwZ wbj; G wmwKDwiwUR vbvwiZ Kwie|]
(BO Account)

(L) cvUdvwjI gvbRviimvwUwdKU wMZ (5) cvUdvwjI


ev evwZj KivgvbRvii wbR^ wnmve I gji wnmve A_ev
nBj; `yBRb gji wnmvemn q ev weqi h Kvb wnmvei jb`b
PjwZ evRvig~j nBe|
(M) cvUdvwjI gvbRvi `Dwjqv, Ges Kvvbxi ,4
Dnvi Aemvb nBj; [cvUdvwjI
(6) gvbRvi cZK gji Znwej Ges wmwKDwiwUR
c_K c_K ivwLe Ges Dnv Zvnvi wbRi Znwej I wmwKDwiwUR
(N) cvUdvwjI gvbRvii vqx AcviMZvi gZv Kvb nBZ c_K ivwLe Ges cvUdvwjI gvbRvi gji A_ I
wKQy NwUj|} wmwKDwiwUR Gi iK wnmve KvR Kwiet
(2) cvUdvwjI gvbRvi Zvnvi gji A_ A_-evRvi A_ev Pzwi
Ze kZ _vK h, hw` GB gg Pzw c DjL _vK h,
kZ Abyhvqx wewbqvM KwiZ eva _vwKeb|cvUdvwjI gvbRvi gji wmwKDwiwUR Zvnvi wbRi wnmve
evLv- 2GB [Dc-wewai] Rb A_-evRviewjZ evwYwRK c, ivwLZ
UW cvwie,
wej, Ges Zvnv nBj cvUdvwjI gvbRvi gjK
URvix wej, wWcvwRU mvwUwdKU Ges Kwgkb KZKZ`byhvqx mgq mgqAewnZ Kwiqv Abyic eev wbZ cvwie|
wbavwiZ Abvb A_ `wjj mvwKZ evRviKAviv eySvBe|
kZ _vK h, ARo cwZZ msiwZ wmwKDwiwUR Gi
cvUdvwjI
(3) cvUdvwjI gvbRvigji A_ wewbqvMi mgq dUKvevRvix gvbRvi cZK gji Rb c_Kfve myweavfvMx
(speculative) jb`b Kwieb bv| gvwjK wnmve(BO Account) msiY Kwie Ges h c_K
myweavfvMx gvwjK wnmve bvB m A mskvabx MRU
(4) 3[cvUdvwjI gvbRvi vaviYfve
m cZK gji Rb cKvki ZvwiL nBZ 3 (wZb) gvmi ga D wnmve LywjZ
c_Kfve wmwKDwiwUR q-weq Kwie Ges hnBe, Ab_vq, cvUdvwjI gvbRvi mgwMZ wnmve G aviYKZ
mgwMZfve wmwKDwiwUR q evweq Kiv nq, mgji
mswk MocoZv
wmwKDwiwUR weqc~eK Dnvi A_ gjK c`vb
g~j AvbycvwZKfve Dnvi Kwiet Kwiet
Ze kZ _vK h, ARo cwZZ msiwZ wmwKDwiwURi , h, h cvUdvwjI gvbRvi mgwMZ wnmve
Aviv kZ _vK
cvUdvwjI gvbRvi cZK gji Rb c_Kfve myweavfvMx (Omnibus type BO Account) G gji c ARo
gvwjK wnmve(BO Account) msiY Kwie Ges D wnmvei (demated) wmwKDwiwUR jb`b Ki, m jb`bKZ
c wmwKDwiwUR q-weq Kwie, Ges h mgwMZ wnmve K GPi hyMcr `yBwU wbwKvjxb mgqi
wmwKDwiwURmg~n
1
ga(within a period of two similtaneous settlement
cybmsLvwqZ Dc-wewawU evsjv`k MRU RyjvB 13, 2000Bs ZvwiL RvixKZ cvcb viv
cwZvwcZ nBqvQ|
wKsev 7 (mvZ) UwWs w`emi ga, hvnv AvM nBe mB
cycle)
2
bf^i 07, 2000Bs ZvwiL evsjv`k MRU RvixKZ cvcb viv cwZvwcZ nBqvQ|
3
cvcb bs-GmBwm/wmGgAviAviwmwW/2006-159/ckvmb-01/31 cvcb
ZvwiL 16B4Ryb 2008 Gi
bs-GmBwm/wmGgAviAviwmwW/2006-159/ckvmb-01/31 ZvwiL 16B Ryb 2008 Gi
viv cwZvwcZ nBqvQ hvnv RyjvB 20, 2008Bs ZvwiL evsjv`k
vivcwZvwcZ
MRU cKvwkZ
nBqvQhvnv
nBqvQ|RyjvB 20, 2008Bs ZvwiL evsjv`k MRU cKvwkZ nBqvQ|
12
mgqi ga, mswk myweavfvMx gvwjK wnmve
Beneficial (3) Pzw evwZji ci cvUdvwjI gvbRvi gji wbKU wnmvei
Owners Account) G vbvi Kwie|] GKwU wevwiZ cwZe`b cvVvBeb Ges Pzwi kZ gvZveK
1
[(7) cvUdvwjI gvbRvime gji wmwKDwiwUR ev Znwej gji wnmve wgUvBeb|
eevcbv I ckvmbK Ges gji Av`k KvhKi KivK cvavb
(4) cvUdvwjI gvbRvi I gji
a
g Kvb weiva mw nBj,
w`eb|] gj cvUdvwjI gvbRvii wbKU nBZ gjiwnmvei
31| gji wbKU c`q cwZe`b|- (1) cvUdvwjI gvbRvi wevwiZ weeiY Rvbvi AwaKvimsiY Kwieb|
gji wbKU mvgwqK, wK AbwaK Qq gvm Ai, cwZe`b
mieivn Kwieb, hvnvZ wbgewYZ welq wevwiZ Z_vejx _vwKe,
h_v t-
(K) cvUdvwjIi MVb I g~j, cvUdvwjIZ we`gvb
wmwKDwiwURi eYbv, msLv, cwZ wmwKDwiwURi g~j Ges
cwZe`b `vwLji ZvwiL cvUdvwjIi bM` D I
mgwi g~j; l Aavq
(L) jb`bi ZvwiL, weq I qi eYbvmn cwZe`bvaxb cwi`kb, BZvw`
mgqKvji jb`b;
32| cwi`kb,
(M) my`, jfvsk, evbvm, kqvi Ges wWevimn H mgqi (1) BZvw`|-
gvPU evsKvi I cvUdvwjI gvbRvii
ga cv Avw_K myweav; wnmve ewn, iKW I `wjj c cwi`kbi Rb Kwgkb h Kvb
ewK cwi`kK wnmvewbqvM KwiZ cvwie|
(N) gji cvUdvwjI cwiPvjbvi LiPvw`;
Kvb(2)
gvPU evsKvi I cvUdvwjI gvbRvi AvBb I GB
(O) cvUdvwjI gvbRvi Gi gZ mve SuywKi weeiY Ges
[wewagvjvi]2
Aaxb Zvnvi `vwqZ I Kvhvejx mwVKfve cvjb
wmwKDwiwUR wewbqvM ev wewbqvM cZvnvi Zvnvi
KwiZQb wKbv Ges GZ`yk Zvnvi wnmve ewn, iKW I
mycvwikKZ SuywKi eYbv| `wjj c h_vh_fve msiY KwiZQb wKbv Zvnv cwi`kb
3
(2) cvUdvwjI gvbRvigji KvQ Kejgv cvUdvwjI Kiv nBe| GB [wewai] Aaxb wbhy cwi`kKi `vwqZ Ges
cwiPvjbvi mv_ mswk `wjjc I Z_ mieivn Kwieb| Bnvi AwZwi wZwb wbgewYZwelq Z` Kwieb, h_v t-
(K) gvPU evsKvi ev cvUdvwjI gvbRvii wei
wewbqvMKvixi AwfhvM;

1
cvcb bs- GmBwm/GjGmwW(Avtmt)2003/122/ckvmb/01/18 ZvwiL 26g2009Bs Gi
2
gvag wewawU mshy Kiv nBqvQ, hvnv evsjv`kMRU RyjvB 13,
bf^i07,
2003Bs2000Bs
ZvwiL ZvwiL
cKvwkZevsjv`k MRU RvixKZ cvcb viv cwZvwcZ nBqvQ|
3
nBqvQ| bf^i07, 2000Bs ZvwiL evsjv`k MRU RvixKZ cvcb vivcwZvwcZ nBqvQ|
13
(L) Kvb gvPUevsKvi ev cvUdvwjI gvbRvii
Ze kZ _vK h, mswk gvPU evsKvi ev cvUdvwjI
wei Ab Kvb gvPU evsKvi ev cvUdvwjI
gvbRviK KviY `kvBevihywmsMZ myhvM bv w`qv Zvnvi
gvbRvi ev ^v_ iwnqvQ Ggb Ab Kvb ewi mvwUwdKU evwZj ev wMZ Kiv hvBe bv|
AwfhvM; 1
(7) [Dc-wewa] (6) G hvnvwKQyB _vKzK bv Kb, cwi`kKi
(M) wmwKDwiwUR eemv I wewbqvMKvix`i ^v_ gvPU
wicvU weePbvq Awfhy h Kvb gvPU evsKvi ev
cvUdvwjI gvbRviK Kwgkb AvBb1 I GB [wewagvjvi]
evsKvi I cvUdvwjI gvbRvii `vwqZ I Kvhvejx
mwKZ hveZxq welq| weavb cvjbK cqvRbxq wb`k c`vb KwiZ cvwie|
1
(3) GB[wewai] Dk c~iYK cwi`kbi Dk cwi`kK
Abyb 3 (wZb) w`b A_ev Kwgkb KZK Abygvw`Z nBj
Z`cv Kg mgqi bvwUk c`vbc~eK cwi`kbi welqe
mK mswk gvPU evsKviev cvUdvwjI gvbRviK
AewnZ Kwieb|
(4)1[Dc-wewa] (3) Gi Aaxb bvwUk cv nBj mswk gvPU
evsKvi ev cvUdvwjI gvbRvi cwi`kKi Pvwn`v
gvZveK mswk wnmve ewn, iKW, `wjjc Ges mswk
Abvb Z_vw` ZvnvK mieivn KwiZ Ges cwi`kb Kvh
myzfve mv`bi wbwgZvnvK mnhvwMZv KwiZ eva
_vwKeb| mg Aavq
mvwUwdKU evwZj, wMZKiY, BZvw`
(5) cwi`kbi wfwZ cwi`kK Kwgkbi wbKU wicvU `vwLj
Kwieb Ges cwi`kb i nBevi 60 (lvU) w`bi ga D
33| mvwUwdKU evwZj, wMZKiY,
(1) wbgewYZ
BZvw`|-KviY Kvb
wicvU `vwLj KwiZ nBe|
gvPU evsKvi ev cvUdvwjI gvbRvi Gi mvwUwdKU Kwgkb
(6) Kwgkb cwi`kb wicvU cvwi 30 (wk) w`bi ga Zvnv evwZj KwiZ ev wMZ NvlYv KwiZ cvwie, h_v t-
weePbv Kwie GesKvb gvPU evsKvi(K) ev AvBb
cvUdvwjI 1
ev GB [wewagvjvi] Kvb weavb ev mvwUwdKUi Kvb
gvbRvi `vlxmve nBj Zvnvi mvwUwdKU evwZj ev kZ fKiY;
wMZ KwiZ cvwiet
(L) Kwgkbi cqvRb ev Pvwn`v gvZveK ev Kwgkb KZK
wbavwiZ Kvb Z_ ev cwZe`b mieivn bv Kiv ev mieivn
AKviY wej^ Kiv;
(M) Kwgkbi wbKU v ev wg_v Z_ mieivn Kiv;
1
bf^i 07, 2000BsZvwiL evsjv`k MRU RvixKZ cvcbviv cwZvwcZnBqvQ|
14
(N) GB1[wewagvjvi] Aaxb wbhy cwi`kKi Z`(3) mswk
cqvRbxq gvPU evsKvi ev cvUdvwjI gvbRvi KZK
mnhvwMZv bv Kiv; h_vmgq Zvnvi ee Dcvcb Kiv nBj, Kwgkb Dnv Ges
1
(O) GB1[wewagvjv] viv wbavwiZwd Kwgkb KZK [Dc-wewa]
wbavwiZ (2) Gi Aaxb cv Z` wicvU weePbv Kwie
mgqmxgvi ga cwikva bv Kiv; Ges Awfhy gvPU evsKvi ev cvUdvwjI gvbRviK
ewMZ ev cwZwbwai gvag bvbxi myhvM c`vb Kwiqv
(P) GB1[wewagvjvi] Aaxb AvPiY wewa gvb bv Kiv; [Dc-wewa (1) Gi 4
Aaxb] wmv MnY Kwie Ges wmvwU
(Q) gvPU evsKvi ev cvUdvwjI gvbRvi KZK ^xq `vwqZ wjwLZfve RvbvBqv w`e|
cvjb bv Kiv; 1 5
34| cyYweePbv|- (1) [wewa]
Gi Aaxb33
[A_`,] Av`ki viv
(R) Kwgkb hw` GB gg my nq h Kvb gvPU evsKvi
Kvb gvPU ev
evsKvi ev cvUdvwjI gvbRvi msz nBj, wZwb
cvUdvwjI gvbRvi wewbqvMKvix`i
Av`ki^v_i
Abywjwc cwicx
cvwi KvR15 w`bi ga Kwgkbi wbKU cybweePbviRb
Kib; Ave`b KwiZ cvwieb|
(S) bwZK jbRwbZ `vl ev Ab Kvb AcivaKvb Av`vjZ 1
KZK kvwcv nb; (2)
[Dc-wewa] (1) Gi Aaxb cv Ave`b Kwgkb weePbv
1
Kwie Ges Dnvi Dci Kwgkbi wmv Pyov nBe|
(T) GB[wewagvjvq] DjwLZ Abvb KviY;
2
[Ze kZ _vK h, Dc-wewa (1) Gi weavb zb bv Kwiqv Kwgkb Ag Aavq
Awfhy ewK AvBbi Aaxb A_` `wZ KwiZ cvwie|] AvPiY wewa

(2) 1[Dc-wewa] (1) G hvnv wKQyB _vKzK bv Kb, mswk gvPU


35| AviPY wewa|- (1) cZK gvPU evsKvi-
evsKvi ev cvUdvwjI gvbRvii weiMnxZe eevi
Dci wjwLZfve ee ck Kivi myhvM bv w`qv Ges Zvnvi(K) Zvnvi `vwqZ cvjbKvjmZZv I wbvi cwiPq c`vb
wei DvwcZ AwfhvMi Dci wekl Z` bv KivBqv, Kwieb;
3
[Dc-wewa (1) Gi Aaxb eev MnY] Kiv hvBe bv
(L)Ges
kg, hZ I ^vaxb ckvMZ wePvi weklY viv mswk
GZ`yk AZt 15 (cbi) w`bi mgq w`qv ZvnvK mKjK mev I civgk c`vb Kwieb;
ee ck Kivi myhvM w`Z nBe|
(M) Ab Kvb gvPU evsKvii ^v_i cwicx ev Zvnvi
`vwqZ cvjb weN mw KwiZ cvi Ggb Kvb ee
c`vb ev cwZhvwMZvq wj nBeb bv;
1
bf^i 07, 2000BsZvwiL evsjv`k MRU RvixKZ cvcbviv cwZvwcZnBqvQ|
2 4
cvcb bs-GmBwm/wmGgAviAviwmwW/2001-50/ckvmb-03/14 cvcbZvwiL
bs-GmBwm/wmGgAviAviwmwW/2001-50/ckvmb-03/14
9 Rvbyqvwi, 2006Bs ZvwiL9 Rvbyqvwi, 2006Bs
Gi vivcwZvwcZnBqvQ, hvnv Gwcj 5, 2006Bs ZvwiL evsjv`k
Gi viv
MRU
cwZvwcZ
cKvwkZ|nBqvQ, hvnv Gwcj 5, 2006Bs ZvwiL evsjv`k MRU cKvwkZ|
3 5
cvcb bs-GmBwm/wmGgAviAviwmwW/2001-50/ckvmb-03/14 cvcbZvwiL
bs-GmBwm/wmGgAviAviwmwW/2001-50/ckvmb-03/14
9 Rvbyqvwi, 2006Bs ZvwiL9 Rvbyqvwi, 2006Bs
Gi vivcwZvwcZnBqvQ, hvnv Gwcj 5, 2006Bs ZvwiLevsjv`k
Gi viv
MRU
cwZvwcZ
cKvwkZ| nBqvQ, hvnv Gwcj 5, 2006Bs ZvwiL evsjv`k MRU cKvwkZ|
15
(N) Zvnvi gji KvQ wbRi hvMZv, `Zv I mvdj (P) Ab Kvb cvUdvwjI gvbRvii ^v_i cwicx
mK AwZiwZ Z_ cwiekb Kwieb bv; ev Zvnvi `vwqZ cvjb weN mw KwiZ cvi Ggb
(O) Zvnvi gji Kvb Z_ Kvnviv wbKU cKvk Kwieb Kvb ee c`vb ev cwZhvwMZvq wj nBe bv;
bv; (Q) Zvnvi gji KvQ wbRi hvMZv, `Zv I
(P) gji wmwKDwiwU mwKZ hveZxq welq Mvcb mvdj mK AwZwi Z_ cwiekb Kwieb bv;
ivwLeb; (R) Zvnvi gji Kvb Z_ Kvnviv wbKU cKvk
(Q) wewbqvMKvixK Kwgkb KZK wbavwiZ cKZ I chvKwieb bv;
Z_ mieivn Kwieb Ges wewbqvMi mve SzuwK (S) Kvb PzwZ DcbxZ nIqvi mgq gji wbKU
mK AewnZ Kwieb; nBZ wjwLZ weeiY wbeb, hvnvZ wewfb h_
g~jabx
(R) wewbqvMKvixi wbKU mswk cmcKUvm, ggvivg Kvvbxi mwnZ Zvnvi mswkZvi DjL
Ges AvbylswMK I cqvRbxq KvMRc mieivn wbwZ _vwKe;
Kwieb; (T) gji wmwKDwiwUR mwKZ hveZxq welq Mvcb
(S)wewbqvMKvixi h_vh_ vw
eiv
c GesAwZwi ivwLeb Ges Kv_vI cKvk Kwieb bv;
Ave`bKZ UvKv dir c`vb wbwZ Kwieb; gjK Kwgkb
(U) KZK wbavwiZ cKZ I chv Z_
(T) wewbqvMKvix`i h Kvb AwfhvM mwVKfve Z` mieivn Kwieb Ges wewbqvMi mve SuywK
mK AewnZ Kwieb;
b| Kwie
(V) gji ^v_ wmwKDwiwUR nvi wbexKiYi
(2) cZK cvUdvwjI gvbRvi- D`vM MnY Kwieb, jfvsk I my` `vex I MnY
(K) wekZvi mv_ gji A_ cwiPvjbv Kwieb; Ges Abvb AwaKvi cqvM Kwieb;
(L) gji `Iqv mxgveZvi ga wmwKDwiwUR (W) gji BQvbyhvqx wmwKDwiwUR cwieZbi D`vM
jb`b Kwieb; MnY Kwieb;
wmwKDwiwURi
(M) gji A_ ev wmwKDwiwUR nBZ Kvb myweav MnY (X) wg_v evRvi mwKiY mnhvwMZv
Kwieb bv; Kwieb bv;
(N) wewbqvMi Dk gji wbKU nBZ cv A_ (Y) `i KviPzwc ev wmwKDwiwURi Ac-Kkj
hZkxN me wewbqvMeev Kwieb Ges gji cqvM Kwieb bv;
cvIbv A_ h_vmgq cwikva Kwieb; (Z) K-evKvi, K wWjvi ev cuywRevRvii Ab Kvb
(O) kg, hZ I ^vaxb ckvMZ wePvi viv mKjK ga ewK g~j msv mse`bkxj Z_ mieivn
wbicfve mev I civgk c`vb Kwieb; Kwieb bv;
16
(_) gji h_vh_ eiv cvw Ges AwZwi dig K
Ave`bKZ UvKv dir c`vb wbwZ Kwieb; gvPU evsKvi mvwUwdKU Gi Ave`b
1
(`) gji h KvbAwfhvM mwVKfve
Z` ([wewa] 4 `e)
Kwieb; 1|Ave`bKvixi bvg .............................................................
(a) gji wbKU nBZ Kvb AwfhvM nBj DnvhvMvhvMi
2| Rb mswk ewi bvg........................................
cvwi GK gvmi ga cwZKvii eev Kwieb|
Uwjdvb bs .......................... dv bs .............................
(3) 1[Dc-wewa] (1) I (2) G DwjwLZ AvPiY cvjb I 3| Ave`bKvixi weeiY
gvbKiY QvovI, cZK gvPU evsKvi I gZ,
(K) eemvqi cavb vb/Kvvbxi wbexKZ Awdm
cvUdvwjI gvbRvi Kwgkb KZK, mgq mgq, wbavwiZ
.........................
.........................
...........................
Abvb AvPiY wewa gvwbqv PwjZ eva _vwKeb|
.........................
.........................
...........................
2
[36| gvwRb FY c`vb|- cZK gvPU evsKvi (cvUdvwjI cvvj KvW ...................... Uwjdvb bs.....................
gvbRvi), Dnvi gjK gvwRb FY c`vbi , wbi
Uj bs.......................... dv bs .........................
Zdwmj G DwjwLZ wb`kbv gvwbqv Pwje|]
hvMvhvMi
(L) wVKvbv t ....................................................
..............................
.....................
.............................
cvvj KvW ...................... Uwjdvb bs.....................
Uj bs.......................... dv bs .........................
(M) kvLv Awdmi wVKvbv t ...............................................
.........................
.........................
...........................
4| vsMVwbK
m KvVvgvt
(K) gvPU evsKvii KvR I `vwqZ
(PvU mshy KwiZ nBe)
1 (L) Dk
bf^i 07, 2000BsZvwiL evsjv`k MRU RvixKZ cvcbviv cwZvwcZ nBqvQ|
2
cvcb bs- GmBwm/wmGgAviAviwmwW/2006-159/ckvmb/01-29 ZvwiL 02 Avei 2007
ggvivg
Bs Gi viv cwZvwcZ nBqvQ, hvnv evsjv`k MRU Avei 11, 2007Bs ZvwiL cKvwkZ I AvwUKj Ae Gvmvwmqkb Gi Kwc mshy
nBqvQ| KwiZ nBe
17
(M) cwZvb wbexKiYi vb I ZvwiLt (M) Abvb Avw_K mev AwfZvi weeiY t
w`b gvm ermi vb (N) MZ wZb ermi cwiPvwjZ KgKv t
(N) Ave`bKvixi AvBbMZt status)
Aevb (
1 6| Bmy eevcbv AwfZv t
[Ave`bKvix] hw` ZvwjKvfy nq Zvnv nBj h K
GP ZvwjKvfy m K GPi bvg Ges mekl gj Bmy
i BmyiBmyi KZY cavbeenvwi
kqvi `i DjL KwiZ nBe| i bvg aiY AvKviermimvemvBegvPU
K `vq-
(O)2 [cwiPvjK`i weeiYt W nBqvQ
evsKvii
`vwqZ
bvg
bvg hvMZv gvPU Ave`bKZ/
evswKs I Abvb
Avw_K mevwelq
KvvbxZ
KvvbxZ 7| wewbqvM Dc`v wnmve AwfZvt
KvRi AwfZvZvnvi kqvicwiPvjK
gjibvg mgqKvj c` meviaib
(P) cavb eevcKi weeiYt 8| AewjLb (AvviivBwUs) Gi AwfZvt
bvg hvMZv gvPU evswKsq wbqvMi cwiwa
gji Bmyi BmyiAewjwL
aiY Z AewjLbiAewjLbi
AwfZv ZvwiL bvg erm i I AvKviUvKvi cwigvY
kZKiv nvi AwRZ
(Q) mnhvMx msvi bvg I Kvhvejx t AwfZv

Kvgvbx/
wVKvbv KvRi D`vv
Ave`bKvix
I 9| cvUdvwjI eevcbv AwfZvt
dvgi] bvg aib cwiPvjK`iKvvbxi
^v_i^v_i
aiY aiY xgi xgi gji msLvgvU eevcbvKZ MocoZv
bvg ewk dvi cwigvY gybvdv
5| eemv welqK Z_ t
10| KicviU/Dc`v wnmve AwfZvt
(K)BwZnvm, cavb NUbv Ges eZgvb KgKv t
(L) gvPU evswKs KgKv AwfZvi wevwiZ weeiY tgji Bmyi Bmyi aiY c` mevi
cavb gvPU
bvg ermi I AvKvi aib evsKvii bvg

1 11| Abvb wmwKDwiwUR eemv mwKZ AwfZv t


cvcb bs- GmBwm/wmGgAviAviwmwW/2006-159/ckvmb-01/31, ZvwiL 16 Ryb 2008 Gi
eemvi aib c`
viv cwZvwcZnBqvQ, hvnv 20 RyjvB 2008 ZvwiL evsjv`k MRUcKvwkZ nBqvQ|
2
mevi mgqKvj c` mevi aib
cvcb bs- GmBwm/wmGgAviAviwmwW/2006-159/ckvmb-01/31, ZvwiL 16 Ryb 2008 Gi
12|
gvag Askx`vi, gvwjK, dvg kwj evwZj Kiv nBqvQ, hvnv 20 RyjvB gj welqK Z_ t
2008ZvwiL
evsjv`k MRU cKvwkZ nBqvQ|
18
1
cavb gji bvg I wVKvbv bvUt [1 I 2]
bvg c` mevi aiY
13| hw` Ave`bKvix c_gevii gZgvPU evswKs eemvq19|RwoZ
m`msvbt
nBZ Pvq, Zvnv nBj g~j eevcbv KgKZv`i AwfZv DjL
PjwZ ermii GK ermi
c~ei ermi
PjwZ ermi
KwiZ nBe t c~ei ermi
g~j eevcbv
wkvMZcvb c`gvPU evswKs eemvq (jvL UvKvq)
KgKZv`i bvg hvMZv c~e AwfZv (K) wi m`
(L) cvU, gwkbvix Ges Abvb hcvwZ
14| hw` Ave`bKvix c_gevii gZ gvPU evswKs eemvq RwoZ (M) DjwLZ ( wewbqvM
Quoted)
nBZ Pvq, Zvnv nBj Kvvbxi eemvi cwiKbv, cwiKwZ (N) AbyjwLZ ( wewbqvM
Unquoted)
eemvi weeiY Ges Avqi DjL KwiZ nBe t (O) Zij m`i weeib
15|fZ myweavw` hgb KwDUvi, BKzBwU MelYv I WvUvem hvnv (P) Abvb
Ave`bKvixi KvQ AvQ Zvnvi DjL KwiZ nBe t(Kvb mnhvMx cwZvbi wbKU nBZ wewbqvM, FY I AwMg
bIqv nBj Ges mLvb Kvvbxi D`vv`i/cwiPvjK`i
16| Ave`bKvixi c` mevi mv_ mwKZ Abvb AvbylswMK Z_|
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17| Avw_K Z_
20| AvqicavbDrmmg~n t
18| g~jab KvVvgv
(jvL UvKvq) (jvL UvKvq)
PjwZ ermii GK
c~ei
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PjwZ ermii GK ermi c~ei ermi
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c~ei
ermi
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(K) cwikvwaZ g~jab
(L) AewjLb (AvviivBwUs)
(L) wd wiRvf (wifvjyqkb wiRvf Qvov)
(M) cvUdvwjI eevcbv
(M) gvU (K)+(L)
(N) wewbqvM Dc`v

1
cvcb bs-GmBwm/wmGgAviAviwmwW/2006-159/ckvmb-01/31, ZvwiL 16 Ryb 2008 Gi
Gi gvag evwZj Kiv nBqvQ, hvnv 20 RyjvB2008 ZvwiL evsjv`k MRU cKvwkZ
nBqvQ|
19
(O) Abvb NvlYvc
* GK Bmy nBZ Ab BmyZ gvPU evsKvii wd- 1
Gi cv_K nBZ cvi, Ze m wd-Gi iGB NvlYv AekB `yBRb cwiPvjK [ * ] KZK ^vwiZ nBe|
DjLKwiZ nBe|
bvUt AbyMnc~eK wZb eQiiavivevwnK wbixvKZ Avwg/Avgiv GB gg wbexKiYi Rb `iLv KwiZwQ| Avwg/
evwlK wnmve
Avgiv
weeiYx mshy Kib| wbixv Kiv nq bvB Ggb weeiYx ckwbqZv w`ZwQ h, Avwg/Avgiv mwZKvi I c~Yvfve
Kwij, KviY c`kb Kib|hw` wbixvKZ evwlK wnmve Dciv ckgvjvi Di `vb KwiqvwQ Ges Avgvi/Avgv`i
b~bZg
bxU cu~wR bv _vK Zvnv nBj cieZx wbixvKZ evwlK wbexKiYiDk
wnmve mKj cvmwK Z_ c`vb KwiqvwQ|
weeiYx `vwLj KwiZ nBe|
21| cavb kqvinvvi`i ZvwjKv (hvnviv 5% Ges ekxAvwg/Avgiv
kqvii NvlYv KwiZwQ h, GB Ave`b c ewYZ Z_vejx
gvwjK Zvnviv Ges Zvnv`i mnhvMx) aygv wjwgUW Kvvbxic~Yv Ges mZ|
chvR| Ave`bKvix wbR A_ev Zvnvi c ...................................

kqvinvws-GiZvwiLt--------------------------------------- (Ave`bKvixi bvg)


kqvinvviibvg kqvi msLv Kvvbxi g~jab .........................................
........................
................
cwiPvjK/Askx`vi A_ev cwiPvjK/Askx`vi A_ev
22| Ave`bKvixi cavb evsKvii bvg I wVKvbvt ewgvwjK ewgvwjK
bvg (eo nvZi Ai) bvg (eo nvZi Ai)
23| wbixKi bvg I wVKvbvt .........................................
........................................
ZvwiL................................
ZvwiL................................
24| Abvb Z_
dig c~iYi Rb wb`kvejx t
25| gxgvswmZ I AgxgvswmZ mKj weivai weeiYt 1| Ave`b c~Yv nBZ nBe|
2
weivai aiY ci bvg AgxgvswmZ/gxgvswmZ mswk
2| [wewagvjvi] weavb AbymiY Ave`b c~iY KwiZ
nBe|
26| Ave`bKvix, Kvb cwiPvjK A_ev Kvb cavb eevcK MZ wZb
3| Am~Y Ave`b weePbv Kiv nBe bv|
ermii gaA_-msv Kvb AwfhvM Awfhy ev RwoZ nBqv
_vwKj Zvnvi weeiY t
1
cvcb bs-GmBwm/wmGgAviAviwmwW/2006-159/ckvmb-01/31, ZvwiL 16 Ryb 2008 Gi
Gi gvag evwZj Kiv nBqvQ, hvnv 20 RyjvB2008 ZvwiL evsjv`k MRU cKvwkZ
nBqvQ|
2
bf^i 07, 2000BsZvwiL evsjv`k MRU RvixKZ cvcb viv cwZvwcZnBqvQ|
20
4| Ave`bi Reve UvBcKZ nBZ nBe| dig-L
5| Ave`bi mwnZ `vwLjZeZ_ Avjv`vfve mshy KwiZ gvPU evsKvi wbeb mvwUwdKU
nBe| 1
[(wewa) 7 `e]
6| Ave`b me ^vi g~j evi nBZ nBe| wmwKDwiwUR I GP Kwgkb AvBb, 1993 (1993mbi 15 bs AvBb)
G c` gZvej wmwKDwiwUR I GP Kwgkb
......................
.................. K Bmy gvbRvi/AejLK/cvUdvwjI
gvbRvi-Gi KgKv cwiPvjbv Kivi Rb A gvPU evsKvi wbeb
mvwUwdKU c`vb Kwij|
wmwKDwiwUR I GP Kwgkb (gvPU evsKvi I cvUdvwjI gvbRvi)
1
[wewagvjv], 1996 Gi weavb Abyhvqx evwZj ev wMZ bv Kiv ch GB
mvwUwdKU ejer _vwKe|
1
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mvwUwdKU
1| cvcK GB wbeb mvwUwdKU weq, `vb, eK, jxR
ev Ab Kvbfve nvi ev `vqe KwiZ wKsev AbKvnvKI
GB mvwUwdKUi Aaxb Dnvi Kvhg KwiZ w`Z cvwiebv
Ges Ab Kn GB mvwUwdKUi Aaxb Dic Kvhg KwiZ
cvwie bv|
2| g~j wbeb mvwUwdKU A_ev Bnvi mZvwqZ Kwc mvwUwdKU cv
cwZvbi
cavb Kvhvjq memvavibi AejvKbi Rb
`kbxqfve vcb KwiZ nBe|
3| wbeb mvwUwdKU Bmyi ZvwiL nBZ AbwaK 6(Qq) gvmi ga
D cwZvb KZK eemvwqK Kvhg i KwiZ nBe, Ges GB
Kvhg i Kivi 7(mvZ) w`bi ga wmwKDwiwUR I GP
KwgkbK welqwU wjwLZfve AewnZ KwiZ nBe|
wbebmvwUwdKU
4| AvjvP cwZvbi eZgvb wbewZ wVKvbvq
BmyKZ nBjI GKB wVKvbvq A_ev Aci Kvb wVKvbvq D
cwZvbi gvPU evsKvi Kvhg cwiPvjbvi Rb eemvwqK

1
g 30, 2007BsZvwiL evsjv`k MRU cKvwkZ bvwUwdKkb viv mwbewkZ nBqvQ|
21
Kvhvjq ev cavb kvLv (h bvgB AwfwnZ 9| Kiv
wbeb
nDKmvwUwdKU
bv Kb) cv cwZvbi msN-viK I msN wewa Z_v
vcb Kwievi c~e Kwgkbi Abygv`b Mnb KwiZ Dnvi nBe|
MVbZ hvnvB _vKzK bv Kb jUvi Ae BUU G DwjwLZ
5| Bmy gvbRvi/cvUdvwjI gvbRvi/gvPU evsKvi Dnvi kZvejx Securities and Exchange Ordinance, 1969 .
Kvhg cwiPvjbvi Rb bZzb kvLv Lvjv A_ev kvLv wmwKDwiwUR
vbvii I GP Kwgkb AvBb, 1993, wWcwRUwi AvBb,
cve, AvjvP cwZvbi cwiPvjbv cl`i Abygv`bmn, 99 Ges
19 wmwKDwiwUR I GP Kwgkb (gvPU evsKvi I
Kwgkbi c~evbygv`bi Rb `vwLj KwiZ nBe| cvUdvwjI gvbRvi) wewagvjv, 1996 Gi Aaxb mKj aviv,
Dc-aviv I wewa-weavb Ges DOrdinance
AvBb, Ges
6| GB wbeb mvwUwdKU Bmyi ZvwiL nBZ cieZxwewagvjvi 3(wZb) Aaxb mgq mgq RvixKZ GZ`msv mKj kZ I
ermii ga AvjvP cwZvbi D`vv cwiPvjKMb KZK GB wbeb mvwUwdKU cvcK KZK h_vh_fve
wb`kvejx
aviYKZ BKzBwU kqvi nvi Kiv hvBe bv| Ze kZ _vK h, evaZvg~jK|
cwicvjb
evsK, Avw_K cwZvb I Byi Kvvbx BZvw`i
Zv`i cv_wgK wbqbKvix KZc KZK 10| wbeb mvwUwdKU
AvivcxZ jKBb cv cwZvbi msN-wewa wKsev MVbZ
gvPU
(Lock-in), A_vr Dnv`i D`vv/cwiPvjKMY KZK evsK msv Kvb aviv ev Dc-avivi cwieZb/cwieabi
aviYKZ
BmyBwU kqvi 3(wZb) eQii ga nvi bv Kivic~e
weavbwmwKDwiwUR I GP Kwgkbi Abvcw c MnY KwiZ
BZvga KvhKi nBqv _vwKj wKsev Dnv KvhKixi chvq nBe|
1
_vwKj mswk gvPU evsKiRb bZzb Kwiqv
[11| BmyjKBb Avivc cvUdvwjI gvbRvi, gvPU evsKvi Zvnv`i
gvbRvi,
chvR nBe bv| Rb chvR wbv Kvh AekB mv`b Kwie, h_vt-
7| Bmy gvbRvi/cvUdvwjI gvbRvi/gvPU evsKvi Gi Kvb
(K) Bmy gvbRvi
D`vv/cwiPvjK, Askx`vi/^ZvwaKvix A_ev cwZvbwU ^qs KZK avivevwnK c~Y `yBwU BsiRx cwKv
Kvb K GP Gi wWjvi/evKvi wnmve wbqvwRZ ermi
_vwKZ(hvnv 1 Rvbyqvwi 2010 nBZ MYbv Kiv nBe) cyuwR
cvwie bv| evRvi Avbqbi Rb b~bZg 1 (GK)wU cvewjK Bmyi
`vwjwjK(documented) cve Kwgkb `vwLj Kiv|
8| Kvb evsK ev Avw_K cwZvbhw` gvPU evsKvi wnmve KgiZ
_vK m Dnvi gvPU evswKs BDwbU Gi Rb c_K wnmve
cvUdvwjI
L) ( gvbRvi KZK cwZ BsiRx cwKv ermi
ewn msiY KwiZ nBe| D wnmve ewn/Avw_K weeiYxZ wbR^ cvUdvwjIi AwZwi b~bZg 5(cuvP)wU bZzb
gvPU evswKs Kvhgi my cwZdjb _vwKZ nBe| mg~`q gji cvUdvwjI MVb Kiv|
Avw_K weeiYx GKwU PvUvW GKvDUU cwZvb KZK wbixwZ
nBZ nBe Ges GB gg cZvqbKZ nBZ nBe (M)h AvjvPevsKvi KZK cwZ BsiRx cwKv ermi wbR^
gvPU
Avw_K weeiYxi wmwKDwiwUR I GP Kwgkb Ges cvUdvwjIi AwZwi (cvuP)
5 wUbZzbgji
mswk Abvb KZc KZK wewfb mgq RvixKZ weavbvejx
h_vh_fve cwicvwjZ nBqvQ| 1
cvcb bs GmBwm/wmGgAviAviwmwW/2006-159/ckvmb-01-39 ZvwiL 20 Gwcj, 2009
Gi viv cwZvwcZ nBqvQ ,hvnv g 18g, 2009Bs ZvwiL evsjv`k MRU cKvwkZ
nBqvQ|
22
cvUdvwjI MVb Ges avivevwnK c~Y `yBwU BsiRx cwKv dig-M
ermi (hvnv 1 Rvbyqvwi 2010nBZ MYbv Kiv nBe) cyuwR 1
([wewa] 17 `e)
evRvi Avbqbi Rb b~bZg 1 (GK)wU cvewjK Bmyi
`vwjwjK
(documented) cve Kwgkb `vwLj Kiv |]| cvUdvwjI gvbRvi-Gi mvwUwdKU Gi Ave`b c

wmwKDwiwUR I GP Kwgkb Gi Av`kg 1| Ave`bKvixi bvgt--------------------------------------------


vbt 2| hvMvhvMiRb mswk ewi bvgt---------------------------
ZvwiLt Uwjdvb bs-------------------------------------------------
dv bst-----------------------------------------------------
3| Ave`bKvixi weeiYt
eemvi
(K) cavb vb/iwRvW Awdm--------------------------
----------------
------------------------------------------
cvvj KvW----------------------------------------------
Uwjdvbbs-----------------------------------------------
Uj bs------------------------------------------------
dv bs--------------------------------------------------
(L) hvMvhvMi Rb wVKvbv-----------------------------------
---------------------
----------------------
---------------
---------------------
----------------------
---------------
-------------- cvvj KvW------------------------------
----------- Uwjdvb bs----------------------------------
Uj bs------------------------------------------------
dv bs-------------------------------------------------
kvLv Awdmi wVKvbv t ------------------------------------
4| mvsMVwbK KvVvgv t
(K) cvUdvwjI gvbRvii KvR I `vwqZ (PvU mshy KwiZ
nBe)|
23
(L) mswfve Dk (K) cwikvwaZPaid
g~jab (
up capital)
(ggvivg Ges AvwUKjAe Gvmvwmqkb mshy KwiZ nBe)|
(L) wd wiRvf (wifvjyqkb wiRvf Qvov)
(M) cwZvb wbexKiYi mb I ZvwiL
(M) gvU (K)+(L)
w`b gvm ermi vb
2
(N) Ave`bKvixi AvBbMZtstatus)
Aevb ( bvUt [1. I 2.]
1
[Ave`bKvix] hw` ZvwjKvfy nq, Zvnv nBj h K 8| m` msvbt
GKP ZvwjKvfy m KGPibvgI mekl kqvi `i (jvL UvKvq)
DjL KwiZ nBe)|
PjwZ ermii GK ermi c~ei c~ei
PjwZ ermi
(O) cwiPvjK/Askx`vi/gvwjK Ges gyL eevcbv KgKZv`i
weeiYt ermi mi
er
(P) mnhvMx msvi bvg I Kvhvejxt (K) wi m`
(L) cvU, gwkbvix I Awdm hcvwZ
Kvvbxi/ wVKvbv/
KvRigvwjKvbv
Av
w_KD`vv/
Ave`bKvix
dvgidvb
bvg bs
aiY ev eevcbvi
cwiPvjK`i
Kvvbxi (M) wewbqvM (wevwiZc_K fve w`Z nBe)
aib I ^v_i
^v_i
aib aib (N) Abvb
cwigvY
9| c`vb Avqi Drmmg~nt
5| eemv welqK Z_ t (jvL UvKvq)
(K) BwZnvm, cavb NUbv, eZgvb KvRi ZvwjKv PjwZ ermii GK ermi c~ei c~ei
PjwZ ermi
(L) cvweZ eemv cwiKbv Ges Zvnv ARbi Dcvq ermi mi
er
(M) AbywgZ jvf (cieZx wZb eQi) fZ j, j ARbi 10| bxU jvft
Kg cwiKbv, cZvwkZ Avq|
(jvL UvKvq)
6| Avw_K Z_ t
7| g~jab KvVvgv t PjwZ ermii GK ermi c~ei c~ei
PjwZ ermi
(jvL UvKvq) ermi mi
er
PjwZ ermii GK ermi c~ei c~ei
PjwZ ermi
ermi ermi
2
cvcb bs- GmBwm/wmGgAviAviwmwW/2006-159/ckvmb-01/31, ZvwiL 16 Ryb2008 Gi
1
cvcb bs- GmBwm/wmGgAviAviwmwW/2006-159/ckvmb-01/31, ZvwiL Gi gvag
16 Ryb
evwZj
2008Kiv
Gi nBqvQ, hvnv 20 RyjvB2008 ZvwiL evsjv`k MRU cKvwkZ
GivivcwZvwcZ nBqvQ, hvnv 20 RyjvB 2008ZvwiL evsjv`kMRU cKvwkZnBqvQ|
nBqvQ|
24
11| cavb evsKviMbi bvg I wVKvbv (P) wewfb MelYv I WvUveBm myweavw`i weeiY|

12| wbixKi bvg I wVKvbv


19| AwfZvt
13| Abvb Z_
(K) cvUdvwjI eevcbv KvR AwfZv, mgqi DjLmn|
14| mKj gxgvswmZ I AgxgvswmZ weivai weeiY t (L) Abvb Avw_K mev Kvievi msv KvRi AwfZv (mgq,
cwiwa (
scope), KvR iiZvwiLmn)
weivai aib ci bvg AgxgvswmZ/gxgvswmZ
(M) MZ ermi mvw`Z eemvt
15| A_ I wmwKDwiwUR msv cZviYv, wekvmfsM, RvwjqvwZ, wg_v
cwZe`b, Nyl, Aceenvi I KviPzwcg~jK Aciva `wZ ev hy NvlYvc
_vwKj Dnvi eYbv| 1
GB NvlYv AekB `yBR`b cwiPvjK [*] KZK ^vwiZ nBe|
16|Kvb K GP ev Ab Kvb KZc KZK Ljvcx ev wMZ
Avwg/Avgiv GB gg wbexKiYiRb `iLv KwiZwQ| Avwg/Avgiv
NvwlZ nBqvQ Ggb Kvb gvagi mv_ eemv _vwKj
wbqZv w`ZwQ h,Dnvi
Avwg/Avgiv mwZKvi I c~Yvfve Dciv ckgvjvi
eYbv| Di `vb KwiqvwQ Ges Avgvi/Avgv`i wbexKiYi Dk mKj
17| Kvvbx KZK mvw`Z Ab Kvb KvRi cvmwK cvmwK
weeiY| Z_ c`vb KwiqvwQ|
18| eemv Z_t Ave`bKvix wbR A_ev Zvnvi c ..............................................
(K) cvweZ ev Pjgvb KvRi weeiY| (Ave`bKvixi bvg)
.........................................
........................................
(L) cvUdvwjI wewbqvMi wmv MnYi myweavw`i eYbv|
cwiPvjK/Askx`vi A_ev cwiPvjK/Askx`vi A_ev
(M) MZ eQii cvUdvwjI eevcbvi weeiY Ges AvMvgx ewgvwjK ewgvwjK
eQii cvweZ cvUdvwjI eevcbvi weeiY (gji bvg (eo nvZi Ai) bvg (eo nvZi Ai)
mv_ cvUdvwjI eevcbv Pzwi GKwU bgybv Kwc mshy
.........................................
........................................
Kib)| ZvwiL................................
ZvwiL................................
(N) Abygvw`Z K-evKvi`i ZvwjKv hvnviv cvUdvwjI
dig c~iYi Rb wb`kvejxt
eevcbv KgKv Ask wbqvwQjb Zvnv`i KD Kvb-
K GP KZc KZK Ljvcx ev wMZ NvwlZ 1| nBqv
Ave`b c~Yv nBZ nBe|
_vwKj Zvnvi weeiY|
(O) gj I xgwfwK cvUdvwjI eevcbv mevi wnmve1
cvcb bs- GmBwm/wmGgAviAviwmwW/2006-159/ckvmb-01/31, ZvwiL 16Ryb 2008 Gi
cwZ| Gi gvag evwZj Kiv nBqvQ, hvnv 20 RyjvB 2008 ZvwiL evsjv`k MRU cKvwkZ
nBqvQ|
25
1
2| mswk [ewagvjvi] weavb Ab~miY Ave`b c~iY KwiZ nBe|
3| Am~Y Ave`b weePbv Kiv nBe bv|
4| Ave`bi Reve UvBcKZ nBZ nBe|
5| Ave`bi mwnZ `vwLjZe Z_ Avjv`vfve mshy KwiZ nBe|
6| Ave`b me ^vi g~j ^vi nBZ nBe|

1
bf^i 07,2000Bs ZvwiL evsjv`k MRURvixKZ cvcb viv cwZvwcZ nBqvQ|
26
1
[Zdwmj (O) gvwRb FY wnmve cwiPvjbvi SuzwK GKvB MvnKi|
[wewa36 `e] G cZ ev civfve c~e wbavwiZ Kvb Avq
cvwi wbqZv _vwKZ cvwie bv t
gvwRb FY c`vb msv wb`kbv
Ze kZ _vK h, gvPU evsKvi (cvUdvwjI
1| gvwRb FY GKvDU ( Account )|-(K) gvPU gvbRvi) wbR^ cwZvbi cwiPvjK cl`i m`m, eevcbvq
Margin Loan
evsKvi (cvUdvwjI gvbRvi)MvnKi bvg wbqvwRZ
gvwRb KgKZv
FY wnmve I KgPvix, Zvnv`i wcZv, gvZv, ^vgx, x,
Lywje| cy, Kbv, fvB, evb, RvgvZv, cyea~ Ges Kwgkb KZK mgq
(L) gvwRb FY wnmve Discretionary I Non- mgq wb`wkZ Abvb AvZxqK gvwRb FY myweav c`vb KwiZ
discretionary nBZ cvwie| cvwie bv|
(M) Discretionary wnmve ewjZ mB wnmveK eySvBe h
gvPU evsKvi(cvUdvwjI vbRvi)I g 2| `wjjvw` mv`b (
Documentation) |- gvwRb FY wnmve
MvnKi ga mvw`Z Pzw gvZveK MvnK Lvjvi mgqc
Zvnvi gvPU evsKvi (cvUdvwjI gvbRvi)MvnKi
wewbqvM Kvhgmn gvwRb FY wnmve mwnZ GKwU Rb
cwiPvjbvi Pzw mv`b Kwie, hvnvZ wmwKDwiwUR I GP
gvPU evsKK (cvUdvwjI gvbRvi)mvweK KZZ evsKviI cvUdvwjI gvbRvi) wewagvjv,
Kwgkb (gvPU
c`vb Ki Ges Non-discretionary wnmve ewjZ Ges 1
GB
996Zdwmj DwjwLZ gvwRb msv wb`kbvi
mB wnmveK eySvBe h gvPU evsKvi cwZcvjb mswk welqvw`i eYbv _vwKe|
(cvUdvwjI gvbRvi)I MvnKi ga mvw`Z Pzw
gvZveK MvnK m~Y wbRi wewbqvM
BQvaxb 3| gvwRb FY wnmve G b~bZg MinimumBKzBwU
Equity in (
Kvhgmn gvwRb FY wnmve cwiPvjbv Ki| Margin Loan Account )|- gvwRb FY wnmvei
MvnKi BKzBwU KZ nBe ZvnvgvPU evsKvi (cvUdvwjI
(N) cwZwU gvwRb FY wnmvei MvnK wbR bvg GKwU gvbRvi) wbaviY Kwie|
Ges Ab MvnKi mv_ h_bvg GKwU wnmve LywjZ 4| gvwRb FY wnmve G RgvhvM wmwKDwiwU (
Marginable
cvwie| Dfq wnmve Giga Avt Znwej vbvi Security) |- (1) gvwRb FY c`vbi wbwjwLZ
Kiv hvBe, Ze Kvb wmwKDwiwU wmwKDwiwU (Ro ev ARo) Av
gvwRbej wmwKDwiwU wnmve weewPZ nBe, h_v t-
:vbvi Kiv hvBe bv| (K) ZvwjKvf~ mvaviY kqvi Listed( Common
Stock);
1
(L) ZvwjKvf~ ( KcviU e I wWevi;
Listed)
cvcb bs- GmBwm/wmGgAviAviwmwW/2006-159/ckvmb/01-29 ZvwiL (M)02Icb GOpen
( end) I ZvwjKvf~ KvRW G
Avei2007 Bs Gi viv cwZvwcZnBqvQ, hvnv evsjv`k MRU (Listed Closed end)wgDPzqvj dv mvwUwdKU;
Avei 11, 2007Bs ZvwiL cKvwkZ nBqvQ|
(N) miKvix wmwKDwiwUGovernment(Security);

27
(O) wmwKDwiwUR I GP Kwgkb KZK mgq mgq KwiZ cvwie hvnv Dnvi MvnKK c~eB RvbvBqv
GZ`yk wbavwiZ gvwRbej wmwKDwiwU| ivwLe|
gvPU
(4) evsKvi (cvUdvwjI gvbRvi), Abvbi ga,
(2) gvPU evsKvi (cvUdvwjI gvbRvi)gvwRbwbwjwLZ FY c`vbi welqmg~n m nIqvi wbR^ gvwRb
DcwiDwjwLZ wmwKDwiwUi ga nBZ Zvnv`i cQ` gwbUwis MvBWjvBb cZ Kwie, h_vt-
Abyhvqx wmwKDwiwU ev BbygUi ZvwjKv cYqb KwiZ (K) b~bZg gvwRb cqvM;
cvwie| (L) gvwRb Kj ev evaZvg~jK weq;
(M) Avvi gvwRb Under(margined ) wnmvei
5| gvwRb FY c`vbi weeP welqmg~n|- gvwRbej Dchy eev MnY;
wmwKDwiwUi wecixZ gvwRb FY c`vbi gvPU evsKvi (N) q gZv wbicY cwZ;
(cvUdvwjI gvbRvi), Abvbi ga, wbwjwLZ welqmg~n (O) Znwej I wmwKDwiwU cZvnvi cwZ|
weePbv Kwie, h_v- (5) GKB w`b mvw`Z mKj jb`b, jb`bi ZvwiLi
(K) wewbqvM wbivcv; wfwZ GKwZ KwiZ nBe Ges gvU qg~j ev
(L) wmwKDwiwUi dvvgUvjm& ev gwjK welq; weqj Avq, hvnvZ gvPU evsKvi (cvUdvwjI
(M) wmwKDwiwUi Zvij/wecYbhvMZv; gvbRvi) Gi Kwgkb I LiPvw` Afy nBe, gvwRb
(N) hywmZ Avq; wbicYi Rb weewPZ nBe|
(O) g~jabCapital
cew (
appreciation);
(P) SzuwKi Dcv`vbmg~n
Risk factors); ( 7| cvUdvwjI/wmwKDwiwUi evRvig~j wbaviY|- (1) gvPU
(Q) Kivivci cfve| evsKvi (cvUdvwjI gvbRvi)gvwRb Margin cqvM (
Requirement) wbaviYi Rb wbgv cwZZ
6| gvwRb FY ( Loan )|- (1) gvPU evsKvi
Margin cvUdvwjI/wmwKDwiwUi evRvi g~j wbicY Kwie, h_v t -
(cvUdvwjI gvbRvi) Kwgkb KZK mgq mgq wbavwiZ nviPrice of the Securities + Net Asset Value (NAV)
Closing
gvwRb FY c`vb Kwie| 2
(2) gvPU evsKvi (cvUdvwjI gvbRvi)gvwRb FY I
BKzBwU AbycvZ eRvq ivLviRb b~bZg gvwRb (2) eyK KvRvi/iKW WU gvZveK cvc mKj KcviU
cqvM
(Minimum Margin Requirement) msv wbR^ ewbwdU, hgb jfvsk, evbvm, ivBU BZvw`
cwZ wbaviY Kwie hvnvZ evaZvg~jK weq ev gvwRb cvUdvwjI Gi g~ji mwnZ mshvwRZ nBe|
Kj (Margin Call) Govbv hvq|
(3) gvPU evsKvi (cvUdvwjI gvbRvi)KZK gvwRb miKvix
(3) wmwKDwiwU Ges Icb G wgDPzqvj dv Gi
FY (Margin Loan) c`vbi wecixZ MvnKi wbKU wmwKDwiwUi g~jvqbi DcwiD cwZ
nBZ wbavwiZ my` I Abvb charge) PvR
Av`vq( h_vh_fve cqvM Kiv mebv nBj m Dnv`i

28
evRvig~j wbicYiRb gvPU evsKvi (cvUdvwjI 11| wnmve eKiY ( of Accounts )|- MvnKi wbKU
Closure
gvbRvi)welqwfwK weePbv cwqv Aej^b
nBZ Kwie|
Abyb 7 (mvZ) w`bi bvwUk cvw mvc gvPU evsKvi
8| cvUdvwjI egyLxKiY
Portfolio(Diversification) |- (cvUdvwjI gvbRvi)MvnKi wnmve eKiYi cqvRbxq
Discretionary wnmve Gi wbRi I MvnKi wbivcv c`c MnY Kwie Ges mKj eKqv `vq mg^qi ci MvnKK
wbwZKiYi Rb gvPU evsKvi (cvUdvwjI gvbRvi) cvc Znwej A_ev wmwKDwiwU dir c`vb Kwie| wnmve
cvUdvwjI egyLxKiYmsv wbR^ bxwZ MnYeKiYi cieZxZ hw` Kvb Znwej ev wmwKDwiwU, jfvsk,
KwiZ cvwie|
ivBU ev evbvm Bmyi gvag ev Ab h Kvbfve D wnmve G
9| gvwRb iYveY (Maintenance of Margin c`q nq ev cvw NU, mB gvPU evsKvi (cvUdvwjI
Requirement )|- Kwgkb KZK wfbic wb`wkZ bv nBj, gvbRvi)Zvnv MvnKK c`vbi Suspense wbwg GKwU
gvPU evsKvi cvUdvwjI
( gvbRvi) gvwRb cqvM Account G msiY Kwie|
iYveYMaintenance
( of Margin Requirement) Gi
evcvi wbR^ bxwZgvjv Abymib Kwie| 12| cwfkwbsProvisioning)
( |- cyuwRevRvii AwwZkxjZvi
wecixZ mg^qi j wbivcvg~jK eev wnmve gvPU
10| wmwKDwiwUi Custodian
iK ( of Security) |- (1) gvPU evsKvi (cvUdvwjI gvbRvi)wnmve el kl gvU eKqvi
evsKvi (cvUdvwjI gvbRvi)gvwRb FY wnmve G Af~ 1% mvaviYmwwZGeneral (Provision)KwiZcvwie|
wmwKDwiwUi KvwWqvb ev iK wnmve`vwqZ cvjb Kwie|
MvnK KZK RgvKZ A_ev Omnibus qKZ A_evwmwKDwiwU 13|Kwgkb Gi wbKU Z_ `vwLj|- Kwgkb KZK mgq
wbavwiZ
I
Individual wnmve G msiwZ nBe, Zewnmve
Omnibus digvU Abyhvqx gvPU evsKvi (cvUdvwjI gvbRvi)gvwRb
Gi MvnKi gvwjKvbv Abyhvqx c_Kfve iKW msiY FY msv Z_ Kwgkb `vwLj Kwie|
KwiZ nBe| 14| Av`k ev wb`k c`vb|- Kwgkb,Kvb Rb^v_,
mgq GBh
wb`kbvq DwjwLZ h Kvb welq cqvRbxq Av`k ev wb`k
(2)gvPU evsKvi (cvUdvwjI gvbRvi)MvnKi gvwRb FY KwiZ cvwie||]
c`vb
wnmve G iwZ wmwKDwiwU FY Mnbi
wbR^ Rb A_ev Ab
Kvb cqvRb eenvi Kwie bv|
(3) gvPU evsKvi (cvUdvwjI gvbRvi) wbR`i wewbqvM myjZvb-DR-Rvgvb Lvb
MvnKi wewbqvMi mwnZ GKxf~Z Kwie bv Ges c_Kfve Pqvigvb,
MvnKi wbKU nBZ MnxZ Znwej I wmwKDwiwU Ges wmwKDwiwUR I GP Kwgkb
wewbqvM msv iKW msib Kwie|
(4)MvnKi wnmve nBZ gvPU evsKvi (cvUdvwjI gvbRvi)
wbR^ wewbqvM wnmve mswk jb`b I
back office
functions ^Q I cqvwMKfve c_K ivwLe|

29
evsjv`k MRU | cvUdvwjI
4 eevcbv, Bmy eevcbv Ges AejLb (AvviivBwUs)
gjevi, RyjvB 30, 1996KwiZ AvMnx Kvb Ave`bKvixi b~bZg megvU `yB KvwU UvKv g~jab
_vwKZ nBe|
8g L- emiKvix ew Ges Kcvikb KZK A_i wewbgq RvixKZ
wevcb I bvwUkmg~n| Ze kZ _vK h, GKRb gvPU evsKvi Bmy AejLb (AvviivBwUs) I
cvUdvwjI Znwej eevcbv mgwMZfve Kvb mgqB g~jabi cuvP
cvcb bi ekx Kwieb bv|
ZvwiL, 24k Gwcj 1996Bs

bs-GmBwm/kvLv-7/AvBb/94-4/114-wmwKDwiwUR
GP Kwgkb I myjZvb-DR Rvgvb Lvb
1
(gvPU evsKvi I cvUdvwjI gvbRvi) [wewagvjv], 1996 (Gm, Avi, Pqvigvb
I bs-59 AvBb/96 ZvwiL 24k Gwcj1 1996)-Gi[wewa]
6 I 19-G wmwKDwiwUR I GP Kwgkb|
c` gZvej wmwKDwiwUR I GP Kwgkb Kvb gvPU evsKvi I
cvUdvwjI gvbRvi Gi wbgic g~jab chvZv wbaviY Kwij, h_vt-

1| GKRb Ave`bKvix, AejLb (AvviivBwUs) ewZZ Kvb Bm~


eevcbvq whwb wbqvwRZ nBZ AvMnx,Zvnvi b~bZg cuwPk (25) j
UvKvi g~jab _vwKZ nBe|

2| GKRb Ave`bKvix whwb Bm~ AejLb (AvviivBwUs) KwiZ AvMnx


Zvnvi b~bZg GK KvwU UvKv g~jab _vwKZ nBe|
Ze kZ _vK h, GKRb gvPU evsKvi Kvb mgqB memvKzj Zvnvi
g~jabi cuvP Yi ekx AejLb (AvviivBwUs) KwiZ cvwieb bv|

3| GKRb Ave`bKvix whwb cvUdvwjI gvbRvi wnmve KvR KwiZ


AvMnx Zvnvi b~bZg GK KvwU UvKvi g~jab _vwKZ nBe|

Ze kZ _vK h, cvUdvwjI gvbRvi Kvb mgqB Zvnvi g~jabi


mgwMZfve cuvP bi ekx cvUdvwjI Znwej eevcbv Kwieb bv|

1
bf^i 07, 2000BsZvwiL evsjv`k MRU RvixKZ cvcbviv cwZvwcZnBqvQ|
30
evsjv`k MRU evsjv`k MRU
gjevi, RyjvB 30, 1996 mvgevi, gvP 30, 2009

8g L- emiKvix ew Ges Kcvikb KZK


8g A_i wewbgq
L- emiKvix RvixKZ
ew Ges Kcvikb KZK A_i wewbgq RvixKZ
wevcb I bvwUkmg~n| wevcb I bvwUkmg~n|

cvcb MYcRvZx evsjv`k miKvi


ZvwiL, 24k Gwcj 1996Bs
wmwKDwiwUR I GP Kwgkb
bs-GmBwm/kvLv-7/AvBb/94-4/115-wmwKDwiwUR I GP Kwgkb Rxeb exgv UvIqvi (16, 17 I 21 Zjv)
(gvPU evsKvi I cvUdvwjI gvbRvi) [wewagvjv], 1996 (Gm, Avi, w`jKzkv ev/G, XvKv-1000, evsjv`k|
1 10,
1
I, bs 59 AvBb/96 ZvwiL 24k Gwcj 1996)-Gi [wewa] 5(L) I
18(L)-G c` gZvej wmwKDwiwUR I GP Kwgkb Kvb gvPU
cvcb
evsKvi I cvUdvwjI gvbRvi Gi wbgic b~bZg jvKej I mswk
ZvwiL, 12 Rvbyqvwi, 2009 Bs
KvR Zvnv`i AwfZv wbaviY Kwij, h_vt-
bs-GmBwm/wmGgAviAviwmwW/2001-50/ckvmb/01-
1| miKvi ^xKZ Kvb cwZvb nBZ Ave`bKvix ev cavb KgKZvi
36wmwKDwiwUR I GP Kwgkb (gvPU evsKvi I cvUdvwjI
b~bZg mvZK wkvMZ hvMZv _vwKZ nBe|
gvbRvi) wewagvjv, 1996 (Gm, Avi, I bs 59 AvBb/96, ZvwiL
2| Ave`bKvixi Aaxb b~bc `yBRb jvK PvKzixZ wbqvwRZ
_vwKZ nBe hvnviv gvPU evsKvi ev cvUdvwjI 24k Gwcj
gvbRvi Gi 1996) Gi wewa 6 Ges 19 G c` gZvej
KvR Kwievi gZ AwfZvmb| wmwKDwiwUR I GP Kwgkb, gvPU evsKvi I cvUdvwjI
gvbRvi Gi g~jab chvZv msv Dnvi cvcb bs-GmBwm/kvLv-
/AvBb/94-4/114,
7 ZvwiL 24k Gwcj, 1996Bs (hvnv evsjv`k
myjZvb-DR Rvgvb Lvb MRU 30 RyjvB, 1996Bs ZvwiL cKvwkZ nBqvQ) GZviv
Pqvigvb evwZj Kwij|
wmwKDwiwUR I GP Kwgkb

wmwKDwiwUR I GP Kwgkbi Av`kg,


dviK Avng` wmwKx
1
bf^i 07, 2000BsZvwiL evsjv`k MRU RvixKZ cvcbviv cwZvwcZnBqvQ|
Pqvigvb|
31

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