You are on page 1of 11

c 



  
This article O   
 


î
Please help improve this article by adding citations to reliable sourcesî Unsourced material may
be challenged andremovedî  

This article ÷ 
 
  ÷O  O
O Please improve
this article if you canî The talk page may contain suggestionsî   

!c  


    

c   
    !"   ## "     # 
$  "   %

 &  ' (   ) '()* +   c 
      # $ %!   c     
+"     c      #"  %c  
$  $  ,c),-
c(%

+# " # " "+c  #       
   c %!c    " . / "" )  0 
'"0%1%2
 )'"      %!    . / "
 #"+     % + &   
  $ c  $  "     %c  "  
  $ $  " " + #$    %

£ 
[hide]

 ? How SEBI came into picture

 m Constitution of the Group

 ‰ Deliberation and Examination by the Expert Group

à ‰î? Proposed Amendments for incorporating new provisions in the SEBI Act
Î ‰î?î? ?î? Investor Protection Fund

Î ‰î?îm ?îm Recommendation of the Group

à ‰îm ?î‰ Nomination Facility=


Î ‰îmî? ?î Recommendation of the Group

Î ‰îmîm ?î Advance Ruling

Î ‰îmî‰ ?î Recommendations of the Group

Î ‰îmî ?î Self Regulatory Organisation (SRO)


Î ‰îmî ?î Recommendation of the Group

Î ‰îmî ?î Rectification of errors in orders

Î ‰îmî ?î? Recommendation of the Group

Î ‰îmî ?î?? Retrospective effect

Î ‰îmî ?î?m Recommendation of the Group

Î ‰îmî? ?î?‰ Overriding Effect

Î ‰îmî?? ?î? Recommendation of the Group

Î ‰îmî?m ?î? Power to issue circulars

Î ‰îmî?‰ ?î? Recommendation of the Group

Î ‰îmî? ?î? Transaction / Issue of securities to be treated void in certain circumstances

Î ‰îmî? ?î? Recommendation of the Group

Î ‰îmî? ?î? Winding up of intermediaries

Î ‰îmî? ?îm Recommendation of the Group

Î ‰îmî? ?îm? Non attachment of assets of clients with intermediaries

Î ‰îmî? ?îmm Recommendation of the Group

 References

341 c   " 

!   0  


"0
$ "+  %%

c $ ( #  
c(  #  #   . 
0
5+ " $ 5 $   %!
c(#
  "      6+   #    # +
 #  " $ %!   c   
 +"     c      #"  %
c $  $  ,c),-
c(%  + !"  + 
c" 7c c  $+ $ +8$%

34) "  / "

+# "c     " . / " -


 .# $  c   "## $ +
  c    $$  #  "
   '()       . # " "+c    
  # %
!c    # "#" 9 " . / "  #
 + :

% 0 %'"0%1%2
 )'" ) 
% 0 %'"%;%0 &%

<% 0 %'"c%0%'"8"&%

9% 0%(%0%=  8( c  &%7# / $% 0  

% c %'2 >' c  & $ *   )  / $% 


?% c %( c )/ 0# & $ & $ 
@% 0(  & ( / $%7) #0" +

A% c %(/&( 0##*  c


"0# ($%7%& $ 
   0""
" 0


% c %;%2%'>>c  ) ."$, " ) c   
)c& $ )c

 %c %c"' 8)  &# ) "


   ) + 
)   " 
))& $ 
))

%c %2%&%)  ( #) c  B .6( " ) c  

 %c#$*  /"8  +"8) 7%
<%c %( 2  ."$*  c 
9%c %&%c%7 0 + c  +
34*+   .  + . / "

  #"##   c   +   " 
+  +/ "%!    $     
 $#    "  "##  # #  c %

!         "# #$." C5  %
!/ " $           #$
." C5  %!/ "+      # #   c 
#     $   $  " # , +  @ 9
* +   9
+ " 9 0     0< '"9  
'" % + #       / " 
       #  :6(       #
 $ c %(     #.# $ ) !"
     %

DDDPART ONE'''

34P

       c 

34  P  


c +   "    #  $ " %!
$ "   $ .  .$ $$  "   "  
$ $+"   %&$      - 
        % "  +  
 $  %c$   "    #"   " 
$ c      # %

!' (   & '() "         +
c  " $ "   #$$ " 
  "+"   ) ) $ "   "  &
 "+ c 8  # $ "  "   
c  "+" %

!/ "  8    $#  #"  $ 
  "" c % "##+  " "+
"E."$ "   $ "  "#  #    #
  $ %

!/ "    $ (  


" "   $# +8$
$  "  %

    ) c  !"     $   
   "    "    $
   # "   .#%

"  c  !"     $     # $ $ +
 %

# + $ $ / " "    # #  
   $  "   $   % # / " +  
"##  #" 
"  
 
"+" c +,.
 =c"  #$  "  $%  $
. " #+  $ !"  $  " 
"      "  $ .  + $"%1 $ 
     "        +     
+  %
"  / " ( 
"&#" *$  " 
,  9 ( 
"&#" *$  " (
&* 
   "+ +     " (
&* "
c"+ +  " (  
"%!,    "+
  c"+ +  " (  
"%!,   $" 
+ +(
&*" , +  c"+ +  " 
(  
"%

!/ " $ +8$ $   +$ " $ 


  "" c   c"+ +  " (  
"
" (
&*,  9 +  +c  +"  +c  
$ "  %
"      $    " 
      +     +     
$    " $ (  
"% #  +c  
#"        $ (  
" "   
$  "        $ % # 
#""+c   $ (  
"  .# + 
 #%

 #   +  $ (  


"/ "     
    ; c  .#+# .# "#  
"  "+%!/ "   #(
   .#  
+#" " %   #""E "+  
$ (  
"  .# "+     $ (  

"%

!" $ # """) $$ c  $" 


""   "  #      @
  "+""  "  %

"  "  +   +8"#, " ) F 
c  "+    $ (  
"%

34 
  

!/ "   $ (  


"" c   
c"+ +  " (  
"" (
&*,  9 ++ "  
$ "       $    " 
      +    %

!"+  +c   $  "  $ " 
      $  +#" 
   +c   #"   .#%

! +  "  # " " $  " 
 """ ) $$ c )c $" "   @ G
+"   "  #  "     @
 G #""$ (  
"  .#G"  
+   " ) F c %

34 !  "#$


!    +  #E"    ) ?c 9H
#&#" 9c < =!?< %= 
  $       +"      "   
#"   + ."       #
#     +# "#  %1 $ c 
   " $     "    """ $
$  %

!/ " c 0""


"&#" ? $    "  %
!/ " $    $  +"" $  ".
  &#" %

1 $ / " $ "  #$# $ # $"    
) ?  5 #  # %

34% 
  

$ + $/ "   "+  c      
 $   $   "   0""
") $$ 
c %

34&
  " 

!/ " c  $" +   !" $  "    $
#"      $  c &#" %c    
 $   9   9;  !.?" #c  #$
$ "#c $ $  #$#  $ -   "  $  
c  /"c  <%1 $ #"#$"    !"
$ "#"  !. +# c   %

!$ "#  "    "$$#    +#


+  ++# "# +  "  $  c" 7   
  + "" #"  %

!/ "  $ "# +   #"#$" 


 $ "##$+c  "++#   %!+#
 $           $+ #"  
 %

1 $ $   " #  /"c $ #"
/ "c  "  $  " $ #   
$ "# " !" #"      ""    !.
%

34' 
  

!/ "  #$ "#  +     +


   /"c    "%

34(c " "#)  *c)+

!/ "    c  $  # #"#c&,%c 
 $   $ $     #c&,  +6$#"   
     + %
"  c   $ $  # "   # $ #
+   c&,+c    #$ # #   +  c&, ##
 ) ?%(       "   c %

!/ " c     #"  c c&#" , # 
&#"  9"  <     c   #"#c&,
!"  c&,   #  c %!&#"     c&,5   "
+ $ c %&#"  < &#" # $ #c&,5 $ 
   c     # %$   / "c  $#
 !"    !" c&,  #" $ &#" %
) !"   +    c %

34, 
  

!/ "      #c   %!&#" 
  +c  ""     c  #"  c&,%
34    


!/ "    $ c    c     
 #      %$ . c   $   
$   $   . %

!/ " + $I&$   J  #$"+$   "" 


$+" $# #8"  %1 $ / "+#c   
   #           ?  & $  
*+*" 
" < +

34- 
  

   "+ c  +c      #  
         ?  & $  *+*" 

" <%

34     

!/ " .# $  c      c     #" 
 $$  "   #$#     %

!/ "c  +      #"   $    
#  ##   "      !.  "   
#$#     #+ +# % # / ""+$ 
 $    $""       "+$
$ " %

34 
  

!/ "  c  +     9  !.
?    c    #"   $     # 
 ##   "     "   #$# +    #
+ +# %

34 ) 


   

!/ """##   c     $ $ # c  $ 


    " %    "  / "  
 "+$ $  c  $ +#$ $ #% "
   / "c    ""+$ $  $ 
+#$ $ #%   $ "+$ $  $ +#$
$ #c   +  +"%
34% 
  

!/ "  c   +  #$# $ # c  $ 
 %

34&P  "

!/ ".      $  c  #$#"    c  
" " #"%

!/ " c +"# " #""   c %!
/ "  # "# "  #"" .# $  
  "      c %

34' 
  

!/ "  c   +   # $  "
 " #"c       " c  c %

34(.  /   0  



     

!/ "   """ " .    " 
%c  "+     "  $ %
"  "+ $ 
c    <B 9 c)& +   $"
   $    #" +$ %

!/ ""   "+  ++   ++$ " %
  $+   +  "8"  %

34, 
  

c  " +   %c"   "  ++ +. +$
 " %

341
   
 

!/ "     c" &#" +,c),-


c(
  "+ "  #"           E
 #  $     %!/ "     
  " c " c  # #"   "
  # + "  " "     +   
  $   "  %
!/ " & $ &   #" #; #

) "  90) &%!/ "c  "$     
#" " c %

!/ ""   + $ #" "      
"   "$   $     +%%$ $ "   
 $ #" " !.%!/ " #  " c 9< #
&#" 9  $             +
  "  #) %!/ "   $  " + 
          #c  #" 
#  "  # + "  " "  
   +     $   "  %

34- 
  

!/ "  "+ $ c  +  +c  #"
         90) & $ 
 9< #&#" %

34!    "    


 

!/ "   ,c),  "    #"  #" 
  "+  $ 5" +#"# #    
%
"  $  "+   # "$  "" 
"#  #  "#  # "   " %

+ "#   / "+c" 7   <  @
   + c" )  &#"   $$  
 "  "      "  "  "
  +$ %c" "  +   
   "  E" $ %1 $ c" 7
    $  %

!/ " + $  "  "+$     "++
"   " "$ %c"  "  $  "    
   "  E" $  "  
   "  %

34 
  

!/ "    "+ $ c   
"   "+   "+   "  
E" $       %
"   $ 
  c" 7   < + %