Uujt 2V.

SP81 199 30% faruun 1192

Obiofve SFB1,
Aoectiom nprole iwaslprs im ouHs,
&eourities mak
10momoting ovdexly and healthy groo K the mahes,
SKcgulatm h e seauifies marke and olher inoidunl
tha isuer ef acouritias omd oruudaga
hamoking aae the ait daaling ky
ohere Ay aam e Jaisa un at olktevoly ou aosh
mather plaoa
Der
S.
Kegulalg and devaoping a aade olamne anc ait praeioa
medlaries üke sokers, marehent aomkers efe. wth a Meomok
Ham moe aompeiHve. amo proesona
png
8toiprg kom- acffviHes q shek exehamgas ond muduad n
merdbnnf kuters,2fe.

Oganigali ang mangome SKBL

wnder a
sfaf
SA6I a shalulony koarl, ie a hoard fomed
ThaDaro thal ker hoacka y ohavmen. h addittom
ege enenkers the ministases
amangehe orcial o
oo menuors fom
oik inmes mel 1oul.
odhe cenhaloernen baling
Dore nember ammgsh hu harde bamkenia
dhe ofevind

last hres ghah br hecohalu-

Fivn ohetmunberwhom a/
inebudeng
mjne mnemlorr
time member. hus tres ae

CAarama
anddhe menées aggaeneo by the onprad govtrm
ke daigmmm are

bank o India is appour

exept exoept haf menker fom Reserve

DRB.

ke eloidmoi onua otkormemkers shnll he pysm ok akility ,

Lndegnity and famding who dane aapanity in dealvng ith prdbemt

mY
elefing fd Jka srausuly munkef onufhave sppeoial hralga,
a d i ' n s ahoy
dayeni'ène law. frmames, ee anomys, aee owmfm.ey

efe
unaion GEL
Profer Hn un hont
ke main djechvn aehsincd pTahee tie fumetim h tb psofest ta
omhove md also povide calely t te inasors, alo mlude sama
hrY umalHme

othemanke prio oeuiHes, grBi psoliaiks sueh psaoiee.

kedoase Aiis can dakaud wd eheak
bnystor
pekikails inuider ading nsider kading b om grnom
th he aomamy, l whioh ollee he priaa Lecuriffes, i
é hnoon o
hey use e
enfoomalion fp mahe"poit thon f
inside tradig. sf8 kenp cheek hen insidor areuying
s0ouifies h e aampany nmt 4ake shief acim on insbler
fhadng.

E Brelibiuub nd unai hade prahe sEB aes vna

allb th ths oonpy h
b
mis leading sfalkmerp ich ihely
are
induge the sal
purchose seowáfies by my ehr erin
4 SREI mdatokes
eValuals the
shep h eduoaali inwujru safhot ay ane ale b
seowitesvnious
pootlal seoure ios aommues od soleef Hu movt

S.
SPE) psoile air paothoes an acale
omuuot in seasuritiet maro
yhabing falonfng adept
SIBI stuad
quidines fo pramot oyd ppfeef he
delaesfuneholde tstheve n aonpmuie Am
va bngkres o
mias der1m, ms ehmge. form i
CEBI hns thpad toppes the praoioe.
allohmond o honas wnelalio h nankel mabing
malaing pefere nb'aalf
poojerent'
pie.
Ce.
ADevapmo funeking
hie funofions ane pepmeys ses pomalt arel devalopea
he outness n shek snokannge
ootires m ghok tnokonqas qud pnotoase

foloing ae th uepon per(mes ky t B

prornole haiming infamiliaries of seeurily onanker
6FB

osokers
. &B1 hu made undarwriingophonw b hsuai dhe aos beue
maket prmuiteel mugh s4d
4 Estn lmtial guldi o{ler piuaru

Regulalbna umotone
Dhe lousineK on gfock a*chomge

SPhsamed rul omd egulalion omd aodsamuch t 1ilate

he ontermediasues
A
2 SP81negistr om Tegulale tks wokinz muhalumd

4608 coaue inguaru onnd audit spck xhomge

o n e a on &f81 hove aaan mlos aTt9cama n tha

00uney invollmg bss o aNOMes g Topaes fo small and ennocenf ivauts

agonerrmiesf K hlia ooneitaate ajoin parka merary aumptes

pokekis sams 1u lowng are ho power Haré be ven
bSe8aih ee amatkmtnt h uiti ansnechange boaiel he
pct 192 ana poal oapidd, ians ftsnkal 4tt +# 197,
JPawe b omfof ono glte h shk2tonger
Afovk t aempl eomge air o sa0uritier by Rultie omparkes.
oweyr allo punuslion) oefum from reeogrisud iheh enkrnga
in the
0oumy o

4
Roouer h eall (or any nosarnatoy od eseplaunalkby forneeggnisad
9foe exhomges ome i meimpen
S.ne to make ambnd bya laus oengu at *oianga
6. PaudoY dinet ingeites me qmacde tn Bblby balas
Stoek eethangas aers mombrs

make erlerradee eis

. poacr fp e r oma 1egulsla Workmg of calerfpre zneme ahenzs
noluding mvlaana,
opone e lem ees pma Kmes
poaeYh premi and egulale ral epuldlony enclsad
12oaer prohiaif mandulent ma unfa frade praetíoas oatng E
Geourndlics

v.aaleró preaskig bnsider ndtrg

poabro promdle invarford pduralim tfrodsg e r
nlermesipnies

ofher seluory aufhoner

conduaf amy nspeuh), ot ieomele elomy lined
00mpomy opuoli ampamy.
gowerb uupend fidin y oari fies.
powe b gulble subofmalauguilfioy
oka oVeY empomie Shavea and

uno o4 ehone.

s0orities o afpuk Lioone ondia fet Yently ovmendoe in

oha 0o 2002, 9wRe pmg
he
enomger yva bet optaltve chomgaa
OPviaion toa settIOn1, tA,B omel
Raorb SL81 uuh a
12. he mandima ft
pawer d Ieshipation
 omsproim, santh ond taihurt,
Pouer sek inormalinSein the 8p8 At, 9 o omná
ayhc amivding Aef 0o02 admeéxs a brey emponfan focier on JPB' k
unmaten ana jenoa any oar kok my oher ehany oufhunil
ororporationupobdliehad aiher 0enral, sllor Ana
qoveTameny

e r nsprofion 'The mew Leoion a) unLrka ey Saoun amd mtang2

6onsahdis (nmeraamend)he2o02 epoer èrer b 0ordeatinphetoy
o k e 1oros, laoutmburs una 10nadiny deg., asmpi o a

inspethion 0on be oonduerad SreI when i esorabla, qoung h ulin

tia purtculan aompoma Ka hsen enmalitny nsicer raoim of
melug
fraudten m enter fiad prafs oolatog saeugit mospst

RouWe7s a ate sko in ul

cout wdrr dhe aado o ondueciil prooudua,
08 ole trynga sui n
Tuprtt tha tolotoing nle13
ha dasoavry and
praduech
plnoe onmd suoh eme as m be spoisd by EB
Sumamowing d nlascanq h RAS atemdama2 operon nof exinining
hem am 0oh.

pentam an oooumems maielpr ne abor laonk a

puon
place
.nper h0

sstumg commsstonso xarnumaim oto wtruss o loeumera

. Poider SES _Co -Asialiay h ardtdoeton 11l)

3PB1 maA doke o elbunq meaue

Sspmd ha adig y
auag sreufo m
anie
2stun amy perton om fr
cessing seeuity nonske ma
i. Suspend tlu oioe lacavar
mrek nckonger o Tgulaky
ogoaolion m the lhalerng aneh oocufroo
Tamyaoe ond yadorn Kousities coksoh. ake prooecd n rape
amy
amy ornofim, wsoh ane mdr inwutzalli.
he sés) vkalk peconds eOsons n0ilhing or pang mu
om rder

GFBI shall patues on order Only 6 nlereni ok

Reerihe3 mashe of envertors

6 Power b ueue diraehan

ki nguiy, SeBI may make on emqu
6.
Issutdereefon- 4Her gnaking suth enquiky as
4 dun
hs.
SPBI
myo pofectm f s r innsor, gm mas some
dimepon ph
Teeonr Teeggnus xchag4s on Pngrr-
medeflais

tFbwes segch omd seigureA need saofin 11 a inoduoo)

n le pinuiple aet by tha SEB /nenomanAc 2oo hirh osvesi
fhe poevEr ok sech omd s&iguse
 No, spck- krokes, auh. rakas, ahao Pransler agom, mker an
se
meichamomker,mdryioruttar, povtfotio
adiser ond sueh mmager, onvosre
oior ermeiinre oko may la associokd wei eebur
tHs mahe slal kuy, 3t or dras Gh seowrifu
exoopt under, and
in acostdan oe al Che corndeftovs a
auikoale onegiali obfein
o0Dhe boars m accondance a dhe 0nltion 1egulaliera mdo
Lunder Ais nef,

IB, No. person shall sponsar cauke p be sponiora

or Ry on' csO
be onecad ey_yonfun 0apial {ungs ucless coleeftie oiméspmn seheme
tvoludirgmilrs kumg unles ke oparn aehalk 9sao

2. fvery applinliso fr i p a l o shall e in sueh ananrer m on

Peyrnen on e e s amay almvn y gulalors
dAAoar amny be onter ssperna o camos a
aripoale grpali
may bs deeamd by te rfognhlioy
n &uch manner os
m

tSeeionouagnonondaoum
1h& 08whalgovmen my a du appr2aiplien mads ey
parlioment lay ls im his
N ahR, mukeb lononel gom cuth
Qum monay koaveme emo.önk Kt bangg Y
cthe purpas
Fud noma
omdMare gholl lat aaiec ureto
A,
agnavs,sond ohaygar ytecivadl he tamd uw ha Aeb.
deoide uRo) 0na Npermen.

a.ha fund sholl oe applicdr mfing

av ulanios, alkawanpes omdl oer imuma tem He manoer, loers
Qnd aller oplayaes he laoaol
b he apmesdhe lasascl in tha Aisoharged i funeiors under
N
Cafton U.
 ke expo nes llis Aep,
on
aepo and op cuethariaool y
ooums and audis
&heaoan maimjain prope anoouns and oer elevanl d thasr
ane oepa om omnua! spemenp of ao00ufs h suah f o m
ui4
oepoesoveibas by le onpod g0-omnenl n cmtupofron
Oanpholer an aulipr Genera o nols.

he oaaouns shall e-audtp b, amplster ane odthrGeren

Undea, amy
N
Rrpendfire ammaeton oik ueh auli
sAlbe Payabla by oase

. ue aempfeler ond alyo Geneall omof omy aller praen appoa

h t a n annache aih aunlt the godounh, ghal avé
Some gh h checkmg e vbreious kake atou ofRoreb
he aodouns o ha Boancl as d devtr ey CAg?
my nhe
pon. appren hm, fegelker ohs audt raprd shall be
onwnsedaol to le nhogovemmet

sfenoltie and adjidibalior

A y f omieh inkmulor etum àny grt
who is egulnad umder his oef any rles or gubiliis macla
Pve under
t nieh ony daotrnénsi, 1@trinl of elt laaklfuit
fo furnich lelse, inoumea o nagmlak imkormollan etn

less thom Ona lakb eas ueh moafo fp on

kh upas eaoh da duming owioh.&u eonmuss A
maeinum ooa CHONR iupets

oher olaocmes avihun e fims 3Reoi, Munrlor in he

Tsqulalin he shall k liakle to pesaly olioh alall nat ba uu
thom One M 0ká Tupes keu tohroh
may afend to tne lah
Upees (eath day duning whoh suoh aulura onfimaus ujeot fo manhuie
6me akDRA Yupees
p fp maintasm nkeo fi0erck beshol
dhudh aik b manfam 8ame hash/
loe liableh a pena shall as" be list han one lkb nppe fr
N
A) aa duhung ohuoh suah failu asminau sbjop h maxihum

Ome onONe rupels

amyperson, co ho is aiile as on owhurmáiaovr seua

wndey ais Ack or om qulafon made turaumder p oiler in to om
agreemenA wh nis blint amd Rails tp enls &uch agreemen he al
la. liabla t peval na usso 0me lakh upeta auk uoluioh omay
eeron fo one lokb upes each doyN during okoh seioh a use crtinioua
oc mamuum o0meteotel
uwejaor
enallA ailuue_ adses investpsgrevomoes
aha egser an oim inenekioriu
lerernaranrair vioig eallsd laty Aha laoorrl in wrôten, to enee
veres dh iovenea o invespr's, kut i l to ode sueh qravdneas teitn
Hhe speoiGa ttmue suok nbwmdsavey Liadte t pn sbna
dFenalkyr esmr depule n ke uhualund n Brypoesm
oho is
g colective nvesfmoup sehone
obfain. a oeslikiocil giofhalmfor cA
inoluelinynucdua fonda wihout
\obtatmtng |suoh usihkisald e regeiafo
liableA
1egiheaforhe ailhbe
1.

kud,
iinvedunh sohane, roding eehal omition,
asia aolec.tra
6. 10alsfera nd
wi dhe
0a in vesfonam sahemail fp conp amownf.
Liable h prm pevaldy
&omma

she shall loe

calecfve invesfmerut- gokeme aik fs inra money coleetod
a. ggioev as a he haM
soheme n Her R1memes

suoh aolleetié nvesmesF

lay
hoy amaunp,
be liall2 to penalt y
gmmu
 &Ponal fon ilune fp obue les omd gulafons n
annmen Oompouny ahee am assega monag27
y a muha dund egicend wnder this aoal b aomply
eth any h t g9ulahm such mamajument CampmY Ehoull 6
kilalole pepo penaly Lome 0

o A dault
r in eas of shok byokers t oy kcon,«
C9ietica as a
sfek 6voken tder yds Atf
(a ail to issu a
aoryhook nos in tha amn and rekmeashall
r bebe lhekte
merberhi liab
3fook exohage On161S4eh kaker s a
Amei ameunf.

fails fh deliver any scouityorauls make pnr Ah omaun

due fi envesoy in t a marmer coikin a peniud speoked shol be linkle

do a penab

ehorsges am ormaunt broke vaga ohich u on oROe h e sokerage

speeikiin squlaioms sAall laa üolt to a panatt.

Pondy or iday, kading om inides, io.

ihus on i s an
laehalk oD
o oier er2ondols
or laskalG o
in souita a ladu 00Tpo-ala skad dn omy sck exchenqR an aa
aasis om pubbshea uoe as4
ngrmatHon, or
00mmunuaodes Cmwnpabi sked a ensitive namian
o om
panian oih or wikouBus seausP- br such inlovrro im
axpot
aqured in 4ha qrdinany aouga oklowitnoss o mder omy lou

Countejha os poouiee kor any okr oertson dea! in any skeail

Unpudlishu pmn densihve"orinh ghM b Loa fo a

penally.