BSEC (Merchant Bank & Portfolio Manager) Rules, 1996

wmwKDwiwUR I G·‡PÄ Kwgkb (gv‡P©›U e¨vsKvi I †cvU©‡dvwjI
g¨v‡bRvi) wewagvjv, 1996
evsjv‡`k †M‡RU
AwZwi³ msL¨v
KZ©„c¶ KZ©„K cÖKvwkZ
iweevi, †g 26, 1996
8g LÛ-- †emiKvix e¨w³ Ges K‡c©v‡ikb KZ…©K A‡_©i wewbg‡q RvixK…Z weÁvcb I
†bvwUkmg~n|
wmwKDwiwUR I G·‡PÄ Kwgkb

Rxeb exgv UvIqvi (16 I 17Zjv)
10, w`jKzkv evwYwR¨K GjvKv
XvKv-1000
weÁwß
ZvwiL, 24†k GwcÖj 1996 Bs/11B •ekvL 1403 evs
Gm, Avi, I, bs 59-AvBb/96-wmwKDwiwUR I G·‡PÄ Kwgkb AvBb, 1993 (1993 m‡bi 15

bs AvBb) Gi aviv 25 G cÖ`Ë ¶gZve‡j wmwKDwiwUR I G·‡PÄ Kwgkb, miKv‡ii
c~e©vbygwZµ‡g, wbgœwjwLZ 1[wewagvjv] cÖYqb Kwij, h_v t-
cÖ_g Aa¨vq
cÖviw¤¢K
1| msw¶ß wk‡ivbvgv|-GB 1]wewagvjv] wmwKDwiwUR I G·‡PÄ Kwgkb (gv‡P©›U e¨vsKvi I

†cvU©‡dvwjI g¨v‡bRvi) 1[wewagvjv], 1996 bv‡g AwfwnZ nB‡e|
2| msÁv|- (1) welq ev cÖm‡½i cwicš’x †Kvb wKQy bv _vwK‡j, GB 1[wewagvjvq]-
1
cÖweavbgvjv kãwU wewagvjv Øviv cÖÁvcb bs GmBwm/†iwRt/cÖt/gve¨v/2000/747,ZvwiL 24†k A‡±vei 2000Bs
Gi gva¨‡g cÖwZ¯’vwcZ nBqv‡Q hvnv evsjv‡`k †M‡R‡U b‡f¤î 7, 2000Bs Zvwi‡L cÖKvwkZ nBqv‡Q|
468
(K) ÔÔAvBbÓ A_© wmwKDwiwUR I G·‡PÄ Kwgkb AvBb, 1993 (1993 m‡bi 15
bs AvBb);
(L) ÒÔAv‡e`bÓ A_© gv‡P©›U e¨vsKvi mvwU©wd‡KU ev, †¶ÎgZ, †cvU©‡dvwjI

g¨v‡bRvi mvwU©wd‡K‡Ui Rb¨ Av‡e`b;
(M) ÔÔBmy¨Ó A_© wmwKDwiwUR weµ‡qi D‡Ï‡k¨ MYcÖ¯Íve Ges †Kvb e¨w³ ev
mswewae× ms¯’vi gv‡P©›U e¨vsKv‡ii gva¨‡g wmwKDwiwUR µq ev weµq ev Ab¨
†Kvbfv‡e n¯ÍvšÍi;
(N) ÔÔKi‡cv‡iU Dc‡`óvÓ A_© Ggb e¨w³ whwb Bmyï cwigvY, aib, cÖ‡qvRbxqZv
ev GZ`msµvšÍ wel‡q Bmy¨Kvix †Kv¤úvbx‡K civgk© cÖ`vb K‡ib;
1
[(NN) ÔÔZ`viKx Kg©KZ©v (Compliance Officer)Ó A_© gv‡P©›U e¨vsKvi KZ©„K
wb‡qvMcÖvß Z`viKx Kg©KZ©v;]
(O) ÔÔ†cvU©‡dvwjIÓ A_© †Kvb e¨w³i mgy`q wmwKDwiwUR;

2
[(P) ÔÔ†cvU©‡dvwjI g¨v‡bRvi (portfolio manager)Ó A_© Ggb ‡Kvb e¨w³ whwb,
wbR¯^ †cvU©‡dvwjI eë¯’vcbvi cvkvcvwk, g‡°j‡K Zvnvi wmwKDwiwUR ev
Znwej eë¯’vcbv I GZ`msµvšÍ cÖkvm‡b Dc‡`k w`qv _v‡Kb, ev g‡°‡ji
c‡¶ wmwKDwiwUR ev Znwe‡ji eë¯’vcK nb, ev g‡°‡ji wmwKDwiwUR ev
Znwej cÖkvm‡bi `vwqZ¡ cvjb K‡ib;]
(Q) ÔÔcwi`k©KÓ A_© 3[wewa] 32 Gi Aaxb wbhy³ cwi`k©K;
(R) ÔÔdigÓ A_© GB 1[wewagvjvi] mwnZ mshy³ mswkøó dig;
(S) ÔÔe¨w³Ó A‡_© †Kv¤úvbx, mswewae× ms¯’v, 1[Kwgkb KZ©„K Aby‡gvw`Z Ab¨ †Kvb
cÖwZôvbI;] AšÍf©y³ nB‡e;
1
cÖÁvcb bs-GmBwm/wmGgAviAviwmwW/2001-50/cÖkvmb-03/14, ZvwiL 9 Rvbyqvwi, 2006Bs Gi Øviv
mwbœ‡ewkZ nBqv‡Q, hvnv GwcÖj 5, 2006Bs Zvwi‡L evsjv‡`k †M‡R‡U cÖKvwkZ|
2
cÖÁvcb bs GmBwm/GjGmwW/(Avtmt)/2003/122/cÖkvmb-03/12 ZvwiLt 26†k Rvbyqvix 2006Bs Øviv
cÖwZ¯’vwcZ nBqv‡Q|
3
cÖweavbgvjv kãwU wewagvjv Øviv cÖÁvcb bs GmBwm/†iwRt/cÖt/gve¨v/2000/747,ZvwiL 24†k A‡±vei 2000Bs
Gi gva¨‡g cÖwZ¯’vwcZ nBqv‡Q hvnv evsjv‡`k †M‡R‡U b‡f¤î 7, 2000Bs Zvwi‡L cÖKvwkZ nBqv‡Q|
469
2
[(T) ÔÔgv‡P©›U e¨vsKviÓ A_© Ggb e¨w³ whwb GB wewagvjvi Aaxb Ki‡cv‡iU
Dc‡`óv, †cvU©‡dvwjI g¨v‡bRvi, Ae‡jLK Ges/A_ev Bmÿ eë¯’vcK wnmv‡e
hveZxq KvR Kivi R‡b¨ wbeÜb mb` cÖvß nBqv‡Qb;
(U) ÔÔmvwU©wd‡KUÓ A_© GB 1[wewagvjvi] Aaxb Kwgkb KZ„K

© Bmy¨K…Z gv‡P©›U e¨vsKvi
3
ev, †¶ÎgZ, †cvU©‡dvwjI g¨v‡bRvi wbeÜb mb`cÎ [;
(V) ÒcwiPvjbv cl©`Ó A_© gv‡P©›U e¨vsKv‡ii cwiPvjbv cl©`;
(W) Òeë¯’vcbv cwiPvjK/wmBIÓ A_© gv‡P©›U e¨vsKv‡ii eë¯’vcbv cwiPvjK/wmBI

(Chief Executive Officer)|]
4
[2K| Av‡`k ev wb‡`©k cwicvjb|-GB wewagvjvq DwjøwLZ cwicvjbxq weavbmg~n
wmwKDwiwUR I G·‡PÄ Kwgkb AvBb, 1993 †gvZv‡eK cÖ`Ë wb‡`©k ev Av‡`k
cwicvjb wnmv‡e MY¨ nB‡et
Z‡e kZ© _v‡K †h, Kwgkb, GB wewagvjvi Aaxb mgq mgq Ab¨ †Kvb Av‡`k ev
wb‡`©k I Rvix Kwi‡Z cvwi‡e|]
1
cÖÁvcb bs-GmBwm/wmGgAviAviwmwW/2006-159/cÖkvmb-01/31 ZvwiL 16B Ryb 2008 Gi Øviv cÖwZ¯’vwcZ
nBqv‡Q hvnv RyjvB 20, 2008Bs Zvwi‡L evsjv‡`k †M‡R‡U cÖKvwkZ nBqv‡Q|
2
cÖÁvcb bs GmBwm/GjGmwW/(Avtmt)/2003/122/cÖkvmb-03/12 ZvwiLt 26†k Rvbyqvix 2006Bs Øviv
cÖwZ¯’vwcZ nBqv‡Q,
3
cÖÁvcb bs-GmBwm/wmGgAviAviwmwW/2001-50/121/cÖkvmb/36 ZvwiL wW‡m¤î 20, 2011 Gi Øviv
ms‡hvwRZ nBqv‡Q hvnv Rvbyqvwi 11, 2012 Zvwi‡L evsjv‡`k †M‡R‡U cÖKvwkZ nBqv‡Q|
4
cÖÁvcb bs-GmBwm/wmGgAviAviwmwW/2001-50/cÖkvmb-03/14, ZvwiL 9 Rvbyqvwi, 2006Bs Gi Øviv
mwbœ‡ewkZ nBqv‡Q, hvnv GwcÖj 5, 2006Bs Zvwi‡L evsjv‡`k †M‡R‡U cÖKvwkZ|
470
wØZxq Aa¨vq
gv‡P©›U e¨vsKvi wbeÜb mvwU©wd‡KU, BZ¨vw`
3| wbeÜb mvwU©wd‡KU e¨wZ‡i‡K gv‡P©›U e¨vsKvi KvRKiY wbwl×|-GB 1[wewagvjvi] Aaxb

Kwgk‡bi wbKU nB‡Z gv‡P©›U e¨vsKvi wbeÜb mvwU©wd‡KU e¨wZ‡i‡K †Kvb e¨w³ gv‡P©›U
e¨vsKvi wnmv‡e KvR Kwi‡eb bvt
Z‡e kZ© _v‡K †h, GB 1[wewagvjv] cÖeZ©‡bi AeëwnZ c~‡e© †Kvb e¨w³ gv‡P©›U e¨vsKvi
wbeÜb mvwU©wd‡KU Gi Rb¨ Kwgk‡bi wbKU Av‡e`b Kwiqv _vwK‡j, D³ Av‡e`b
wb®úwË bv nIqv ch©šÍ wZwb gv‡P©›U e¨vsKvi †ckvq wb‡qvwRZ _vwK‡Z cvwi‡eb|
1
[3K| wbeÜb gÄyixi A‡hvM¨Zv|-(1) †Kvb gv‡P©›U e¨vsKvi Gi ìLv¯Í wbeÜb gÄyixi Rb¨
†hvM¨ nB‡e bv, hw`-
(K) Dnv †Kv¤úvwb, mswewae× ms¯’v ev Kwgkb KZ©„K Aby‡gvw`Z Ab¨ †Kvb cÖwZôvb
bv nqt
Z‡e kZ© _v‡K †h, †h mKj gv‡P©›U e¨vsKvi B‡Zvc~‡e© †Kv¤úvwb ev mswewae×
ms¯’v b‡n Ggb †Kvb cÖwZôvb wnmv‡e wbeÜb mb`cÖvß nBqv‡Q Zvnv‡ì‡K
AÎ ms‡kvabx †M‡R‡U cÖKv‡ki 6 (Qq) gv‡mi g‡a¨ †Kv¤úvwb‡Z iƒcvšÍwiZ
nB‡Z nB‡e;
2
[(L) Dnvi cwi‡kvwaZ g~jab 25 (cuwPk) †KvwU UvKv ch©šÍ Ges mve©¶wYK bxU
m¤ú` cwi‡kvwaZ g~ja‡bi AšÍZt kZKiv 50 (cÂvk) fvM bv nqt
Z‡e kZ© _v‡K †h,
(A) ‡Kvb Av‡e`bKvix, Ae‡jLb (underwriting) Ges †cvU©‡dvwjI
eë¯’vcbv e¨ZxZ †Kvb Bmy¨ eë¯’vcbvq wb‡qvwRZ nB‡Z AvMÖnx
nB‡j, Zvnvi b~¨bZg 2.50 (`yB `kwgK cvuP) †KvwU UvKvi
cwi‡kvwaZ g~jab _vwK‡Z nB‡e Ges mb`cÖvß Bmy¨ g¨v‡bRv‡ii
†¶‡Î, AÎ ms‡kvabxi cÖÁvcb †M‡R‡U cÖKvk nBevi 1 (GK)
eQ‡ii g‡a¨ cwi‡kvwaZ g~jab 2.50 (`yB `kwgK cvuP) †KvwU UvKvq
DbœxZ Kwi‡Z nB‡e;
1
2
cÖÁvcb bs-GmBwm/wmGgAviAviwmwW/2001-50/127/cÖkvmb/42 ZvwiL 16 GwcÖj 2012 Gi Øviv cÖwZ¯’vwcZ
nBqv‡Q hvnv †g 27, 2012 Zvwi‡L evsjv‡`k †M‡R‡U cÖKvwkZ nBqv‡Q|
471
(Av) †Kvb Av‡e`bKvix Bmy¨ Ae‡jLb (underwriting) Kwi‡Z AvMÖnx
nB‡j, Zvnvi b~¨bZg 12.50 (evi `kwgK cvuP) †KvwU UvKvi
cwi‡kvwaZ g~jab _vwK‡Z nB‡e, Ges mb`cÖvß Ae‡jL‡Ki †¶‡Î,
AÎ ms‡kvabxi cÖÁvcb †M‡R‡U cÖKvk nBevi 1 (GK) eQ‡ii g‡a¨
cwi‡kvwaZ g~jab 12.50 (evi `kwgK cvuP) †KvwU UvKvq DbœxZ
Kwi‡Z nB‡e;
(B) ‡Kvb Av‡e`bKvix †cvU©‡dvwjI eë¯’vcbv, Bmy¨ eë¯’vcbv Ges

Ae‡jLb (underwriting) Kwi‡Z AvMÖnx nB‡j, Zvnvi b~¨bZg 25
(cuwPk) †KvwU UvKvi cwi‡kvwaZ g~jab _vwK‡Z nB‡e Ges mb`cÖvß
Bmy¨ g¨v‡bRvi, Ae‡jLK Ges †cvU©‡dvwjI g¨v‡bRvi Gi †¶‡Î, AÎ
ms‡kvabxi cÖÁvcb †M‡R‡U cÖKvk nBevi 1 (GK) eQ‡ii g‡a¨
cwi‡kvwaZ g~jab 25 (cuwPk) †KvwU UvKvq DbœxZ Kwi‡Z nB‡et
Av‡iv kZ© _v‡K †h, †Kvb Ae‡jLK Z_v gv‡P©›U e¨vsKvi †Kvb mgqB
Zvnvi g~ja‡bi A_©vr cwi‡kvwaZ g~jab I wd« wiRvf© (revaluation
reserve Qvov) Gi cuvP¸‡Yi †ekx Ae‡jLb Kwi‡Z cvwi‡e bv, Ges
†cvU©‡dvwjI g¨v‡bRvi Z_v gv‡P©›U e¨vsKvi (e¨vsK I Avw_©K cÖwZôvb
e¨wZZ) †Kvb mgqB g~ja‡bi, A_©vr cwi‡kvwaZ g~jab I wd« wiRvf©
(revaluation reserve Qvov) Gi, cvuP¸‡Yi †ekx †cvU©‡dvwjI
Znwej eë¯’vcbv Kwi‡Z cvwi‡e bv|Ó|]
(M) Kwgk‡bi we‡ePbvq cyuwRevRvi ev wewb‡qvMKvix‡ì ¯^v‡_© ìLv¯ÍwU we‡ePbvi

AeKvk bv _v‡K;
(2) Kwgkb, Rb¯^v‡_©, Dc-wewa (1) Gi weavbvejxi †h †KvbwU †h †Kvb gv‡P©›U

e¨vsKv‡ii †¶‡Î wkw_j Kwi‡Z cvwi‡e|Ó|]
4| mvwU©wd‡K‡Ui Rb¨ Av‡e`b|- (1) gv‡P©›U e¨vsKvi wbeÜb mvwU©wd‡K‡Ui Rb¨ dig ÔKÕ G
Av‡e`b Kwi‡Z nB‡e|
(2) †c AW©vi ev e¨vsK WªvdU Gi gva¨‡g Av‡e`b wd eve` Kwgkb eive‡i

A‡dir†hvM¨ 1000 (GK nvRvi) UvKv Rgv bv Kwi‡j †Kvb Av‡e`b MÖnY‡hvM¨
nB‡e bv|
472
(3) Av‡e`b dig Gi Pvwn`v Abyhvqx Z_¨vw` h_vh_fv‡e Ges m¤ú~Y©fv‡e D‡jøL ev,
†¶ÎgZ, mieivn bv Kwi‡j ev GB 1[wewagvjvi] Ab¨vb¨ kZ© c~iY Kiv bv nB‡j
Av‡e`b evwZj‡hvM¨ nB‡et
Z‡e kZ© _v‡K †h, †Kvb Av‡e`b evwZj Kivi c~‡e© Kwgkb KZ©„K wbw`©óK…Z
mg‡qi g‡a¨ AvcwË¸wj `~i Kivi Rb¨ Av‡e`bKvix‡K wjwLZfv‡e RvbvB‡Z
nB‡e|
(4) †Kvb Av‡e`b wb®úwËi myweav‡_© Kwgkb Av‡e`bKvix‡K Av‡e`‡bi mwnZ

`vwLjK…Z Z‡_ï AwZwi³ Z_¨ ev mieivnK…Z †Kvb Z‡_ï e¨vL¨v cÖ`vb Kwi‡Z
ev Av‡e`bKvix‡K ev Zvnvi c‡¶ e¨w³MZ e³e¨ ivLvi Rb¨ AvnŸvb Kwi‡Z
cvwi‡e|
5| mvwU©wd‡KU gÄyi Ki‡Yi Rb¨ KwZcq we‡eP¨ welq|- 2[(1)] gv‡P©›U e¨vsKvi wbeÜb
mvwU©wd‡KU gÄyiKi‡Yi Rb¨ Kwgkb, Ab¨v‡bï g‡a¨, wbgœwjwLZ welq¸wj Z`šÍ I
we‡ePbv Kwi‡e, h_vt-
(K) Av‡e`bKvixi eëmv‡qi ¯’vb, Awdm BZ¨vw`;

(L) gv‡P©›U e¨vsKvi Kv‡R wb‡qvwRZ Kwgkb KZ…K © wba©vwiZ †jvKej Ges
mswkøó Kv‡R Zvnv‡ì AwfÁZv;
(M) g~ja‡bi ch©vßZv;
(N) Av‡e`bKvix ev Zvnvi †Kvb 3[cwiPvj‡Ki] FY MÖ¯Z ’ v, wmwKDwiwUR
gv‡K©‡Ui mv‡_ mswkøó †Kvb gvgjvq Av‡e`bKvix ev Zvnvi †Kvb
[cwiPvj‡Ki] mswkøóZv, •bwZK öjbRwbZ Aciv‡a Av‡e`bKvix ev
Zvnvi †Kvb [cwiPvj‡Ki] †`vlx mve¨¯Í nIqv ev G RvZxq †Kvb Aciv‡a
`wÛZ nIqv;
(O) bv‡gi Ask wnmv‡e ÔÔgv‡P©›U e¨vsKvi ev gv‡P©›U e¨vsK ev Bb‡f÷‡g›U
e¨vsKÓ eënvi bv Kiv|
1
cÖÁvcb bs GmBwm/†iwRt/cÖt/gve¨v/2000/747,ZvwiL 24†k A‡±vei 2000Bs Gi gva¨‡g cÖwZ¯’vwcZ nBqv‡Q
hvnv evsjv‡`k †M‡R‡U b‡f¤î 7, 2000Bs Zvwi‡L cÖKvwkZ nBqv‡Q|
2
cÖÁvcb bs GmBwm/†iwRt/cÖt/gve¨v/2000/747,ZvwiL 24†k A‡±vei 2000Bs Øviv cybmsL¨vwqZ nBqv‡Q hvnv
evsjv‡`k †M‡R‡U b‡f¤î 7, 2000Bs Zvwi‡L cÖKvwkZ nBqv‡Q|
3
473
1
(2) ‡Kvb ÷K wWjvi, ÷K †eªvKvi ev wgDPÿqvj dv‡Ûi †Kvb m¤ú` eë¯’vcbv
†Kv¤úvbx, Uªvw÷ ev †ndvRZKvix gv‡P©›U e¨vsKvi I †cvU©‡dvwjI g¨v‡bRvi
wnmv‡e wbeÜb mvwU©wd‡KU cvIqvi ‡hvM¨ nB‡e bv|
2
[(3) gv‡P©›U e¨vsKvi Kwgkb KZ©„K wba©vwiZ †hvM¨Zvm¤úbœ GKRb Z`viKx
Kg©KZ©v‡K wb‡qvM`vb bv Kwi‡j Dnv gv‡P©›U e¨vsKvi wbeÜb mb` cvIqvi
†hvM¨ nB‡e bvt
Z‡e kZ© _v‡K †h, BwZg‡a¨ wbewÜZ gv‡P©›U e¨vsKvi‡K AvMvgx Qq gv‡mi g‡a¨
Z`viKx Kg©KZ©v wb‡qvM/c`vqb Kwi‡Z nB‡e;
(4) Z`viKx Kg©KZ©v‡K Aek¨B b~¨bZg ¯œvZK wWMÖxavix nB‡Z nB‡e Ges Kwgkb
cÖ‡qvRb g‡b Kwi‡j mgq mgq G wel‡q ‡h †Kvb kZ© Av‡ivc Kwi‡Z cvwi‡e;
(5) gv‡P©›U e¨vsKvi KZ©„K wmwKDwiwUR AvBb Kvbyb cwicvjb msµvšÍ cÖwZ‡e`b
Z`viKx Kg©KZ©v gv‡P©›U e¨vsKvi Ges Kwgk‡bi wbKU Kwgkb KZ©„K wba©vwiZ
c×wZ I mg‡q `vwLj Kwi‡eb|]|
6| g~jab ch©vßZv|- (1) Kwgkb KZ…K © GZ`y‡Ï‡k¨, mgq mgq, wba©vwiZ g~jab bv _vwK‡j,
Kwgkb †Kvb e¨w³‡K gv‡P©›U e¨vsKvi wbeÜb mvwU©wd‡KU gÄyi Kwi‡e bv|
(2) Kwgkb cÖÁvcb Øviv 1[Dc-wewa] (1) Gi Aaxb g~ja‡bi cwigvY cÖKvk Kwi‡e|
3
[6K| KwZcq †¶‡Î cwiPvjK cl©` MVbRwbZ Kvi‡Y Av‡e`b bvgÄyiKiY|- gv‡P©›U e¨vsKvi
I †cvU©‡dvwjI g¨v‡bRvi wbeÜb mvwU©wd‡K‡Ui Rb¨ Kwgk‡bi wbKU Av‡e`bKvix †Kvb
†Kv¤úvbx nB‡j Dnvi Av‡e`b bvgÄyi nB‡e, hw` Dnvi cwiPvjK cl©‡ì m`m¨‡ì g‡a¨
50% Gi †ekx Dnvi D‡`¨v³v †Kv¤úvbxi cwiPvjK cl©‡ì m`m¨ nb|]
7| gv‡P©›U e¨vsKvi wbeÜb mvwU©wd‡KU Gi Av‡e`b gÄyiKiY|- (1) †Kvb e¨w³ KZ…K © cÖ`Ë
gv‡P©›U e¨vsKvi wbeÜb mvwU©wd‡K‡Ui Av‡e`b we‡ePbv Kwiqv Kwgkb hw` GB g‡g© mš‘yó
nq †h, Av‡e`bKvix‡K mvwU©wd‡KU gÄyi Kiv mgxPxb I h_vh_ nB‡e, Zvnv nB‡j Kwgkb
Zvnv‡K gv‡P©›U e¨vsKvi wbeÜb mvwU©wd‡KU gÄy‡ii wm×všÍ MÖnY Kwi‡e Ges D³iƒc wm×všÍ
Av‡e`bKvix‡K wjwLZfv‡e AewnZ Kwi‡e|
1
2
cÖÁvcb bs-GmBwm/wmGgAviAviwmwW/2001-50/cÖkvmb-03/14 ZvwiL 9 Rvbyqvwi, 2006Bs Gi Øviv
mwbœ‡ewkZ nBqv‡Q, hvnv GwcÖj 5, 2006Bs Zvwi‡L evsjv‡`k †M‡R‡U cÖKvwkZ nBqv‡Q|
3
cÖÁvcb bs-GmBwm/wmGgAviAviwmwW/2001-50/125/cÖkvmb/40 ZvwiL gvP© 11, 2012Bs Gi Øviv cÖwZ¯’vwcZ
nBqv‡Q, hvnv GwcÖj 1, 2012Bs Zvwi‡L evsjv‡`k †M‡R‡U cÖKvwkZ nBqv‡Q|
474
1
(2) [Dc-wewa] (1) Gi Aaxb Kwgk‡bi wm×všÍ cÖvwßi GK gv‡mi g‡a¨
Av‡e`bKvix †c-AW©vi ev e¨vsK WªvdU Gi gva¨‡g mvwU©wd‡KU wd eveZ
1,00,000 (GK j¶) UvKv Ges mvwU©wd‡K‡Ui cÖ_g evrmwiK wd eveZ GKB
c×wZ‡Z 50,000 (cÂvk nvRvi) UvKv Kwgkb eive‡i Rgv Kwi‡eb|
1
(3) [Dc-wewa] (2) Gi Aaxb wba©vwiZ wd Rgv Kiv nB‡j, Kwgkb Av‡e`bKvix‡K
dig ÔLÕ †Z GKwU gv‡P©›U e¨vsKvi wbeÜb mvwU©wd‡KU cÖ`vb Kwi‡e|
8| Av‡e`b bv-gÄyi Kivi wm×všÍ|- (1) †Kvb e¨w³ KZ…©K cÖ`Ë gv‡P©›U e¨vsKvi wbeÜb
mvwU©wd‡K‡Ui Av‡e`b we‡ePbv Kwiqv Kwgkb hw` GB g‡g© mš‘yó nq †h, Av‡e`bKvix‡K
mvwU©wd‡KU gÄyi Kiv mgxPxb I h_vh_ nB‡e bv, Zvnv nB‡j Kwgkb Zvnvi Av‡e`b gÄyi
bv Kivi KviY wjwce× Kwiqv Av‡e`bKvix‡K wjwLZfv‡e D³ wm×všÍ MÖn‡Yi ZvwiL nB‡Z
15 (c‡bi) w`‡bi g‡a¨ RvbvBqv w`‡e Ges GB g‡g© Zvnv‡K AewnZ Kwi‡e †h, hw`
Av‡e`b gÄyi bv Kivi Kvi‡Yi Dci Zvnvi †Kvb e³e¨ _v‡K, Zvnv nB‡j D³ e³e¨ wZwb
wjwLZfv‡e, Av‡e`b bv-gÄyi msµvšÍ wm×všÍ AewnZ nIqvi 10 (`k) w`‡bi g‡a¨,
Kwgkb‡K RvbvB‡eb, A_ev wZwb e¨w³MZfv‡e Kwgkb m¤§y‡L Dcw¯’Z nBqv Zvnvi e³e¨
Ges wjwLZ e³‡eï AwZwi³ e³e¨ †ck Kivi B”QvI Kwgkb‡K, D³ mg‡qi g‡a¨
RvbvB‡Z cv‡ib|
1
(2) [Dc-wewa] (1) Gi Aaxb Av‡eb`Kvix KZ…K
© †ckK…Z wjwLZ ev †gŠwLK ev Dfqwea
e³e¨ we‡ePbv Kwiqv Kwgkb mswkøó Av‡e`‡bi Dci P~ovšÍ wm×všÍ w`‡e|
(3) 1[Dc-wewa] (2) Gi Aaxb Kwgkb hw` Av‡e`bKvixi Av‡e`b gÄyi K‡ib, †mB‡¶‡Î
1
[wewa] 7 Gi weavb cÖ‡hvR¨ nB‡e Ges hw` Dnv bv-gÄyi K‡ib, Zvnv nB‡j Zvnvi
Av‡e`b evwZj nBqv‡Q ewjqv MY¨ nB‡e|
© 1[wewa] 8 Gi Aaxb †Kvb Av‡e`b evwZj

9| evwZj Av‡e`b cybwe©‡ePbv|- (1) Kwgkb KZ…K
Kiv nB‡j, evwZ‡ji wm×všÍ MÖn‡Yi 30 (wÎk) w`‡bi g‡a¨, evwZ‡ji KviYmn
Av‡e`bKvix‡K, wjwLZfv‡e RvbvB‡Z nB‡e|
1
(2) [Dc-wewa] (1) Gi Aaxb Av‡e`b evwZjRwbZ cÎ cvBevi 30 (wÎk) w`‡bi g‡a¨
Av‡e`bKvix D³ wm×všÍ cybwe©‡ePbvi Rb¨ Kwgk‡bi wbKU wjwLZ Av‡e`b Kwi‡Z
cvwi‡e Ges GBiƒc †h †Kvb Av‡e`b Kwgkb cybwe©‡ePbv Kwi‡e|
1
475
(3) GB 1[wewai] Aaxb Av‡e`bKvix KZ…K © `vwLjK…Z cybwe©‡ePbvi Av‡e`b cÖvwßi 30
(wÎk) w`‡bi g‡a¨ Kwgkb Z`KZ…©K wba©vwiZ c×wZ I cÖwµqv AbymiY Kwiqv Dnvi
Dci PzovšÍ wm×všÍ w`‡e Ges Av‡e`bKvix‡K D³ wm×všÍ wjwLZfv‡e RvbvB‡e|
(4) GB 1[wewai] Aaxb cybwe©‡ePbvi ci hw` Av‡e`b gÄyi Kiv nq Zvnv nB‡j †m‡¶‡Î
1
[wewa] 7 Gi weavb cÖ‡hvR¨ nB‡e|
10| mvwU©wd‡K‡Ui evwl©K wd|- (1) GB 1[wewagvjvi] Aaxb gÄyixK…Z cÖ‡Z¨K gv‡P©›U e¨vsKvi
Gi wbeÜb mvwU©wd‡K‡Ui evwl©K wd 50,000 (cÂvk nvRvi) UvKv nB‡e hvnv †c-AW©vi
ev e¨vsK WªvdU Gi gva¨‡g Kwgkb eive‡i Rgv Kwi‡Z nB‡e|
(2) 1[wewa] 7 Gi 1[Dc-wewa] (2) Gi weavb mv‡c‡¶, mvwU©wd‡KU Kvh©Ki nBevi ZvwiL
nB‡Z cÖwZ cwÄKv ermi †kl nBevi wZb gv‡mi g‡a¨ GB evwl©K wd cÖ‡`q nB‡e|
(3) GB 1[wewai] Aaxb cÖ‡`q evwl©K wd cÖ`vb Kwi‡Z †Kvb gv‡P©›U e¨vsKvi e¨_© nB‡j,
Kwgkb, wjwLZ Av‡`k Øviv, Zvnvi mvwU©wd‡KU ¯’wMZ Kwi‡Z cvwi‡et
Z‡e kZ© _v‡K †h, GBiƒc ¯’wMZv‡`k cÖ`v‡bi c~‡e© †Kb ¯’wMZv‡`k cÖ`vb Kiv nB‡e
bv †mB g‡g© mswkøó gv‡P©›U e¨vsKvi‡K KviY `k©v‡bvi †bvwUk w`‡Z nB‡e|
1
476
Z…Zxq Aa¨vq
gv‡P©›U e¨vsKvi Gi `vwqZ¡
11| wnmve ewn I †iKW©cÎ i¶Yv‡e¶Y|-(1) cÖ‡Z¨K gv‡P©›U e¨vsKvi cªwZwU wnmve mgq Kv‡ji
wbgœwjwLZ wnmve ewn, †iKW© I `wjjvw` i¶Yv‡e¶Y Kwi‡eb, h_v t-
(K) e¨vjvÝ mxU;
(L) jvf I †jvKmvb wnmve;
(M) bM` Av`vb-cÖ`v‡bi weeiYx;
(N) wnmv‡ei Dci wbix¶‡Ki cÖwZ‡e`b;
(O) Kwgkb KZ…©K wba©vwiZ wnmve weeiYx m¤úwK©Z wnmve ewn|
(2) cÖ‡Z¨K gv‡P©›U e¨vsKvi Zvnvi wnmve ewn, †iKW© I `wjjcÎ †Kv_vq iw¶Z nq
†mB m¤ú‡K© Kwgkb‡K AewnZ Kwi‡eb|
(3) GB 1[wewai] Aaxb msi¶Y Kiv nq Ggb hveZxq wnmve ewn, †iKW© I `wjjcÎ
12 (evi) ermi msi¶Y Kwi‡Z nB‡e|
(4) cÖ‡Z¨K gv‡P©›U e¨vsKvi cÖwZwU wnmve mg‡qi †k‡l Kwgk‡bi Kv‡Q e¨vjvÝ mxU,
jvf I †jvKmvb wnmve, bM` Av`vb-cÖ`v‡bi weeiYx Ges Kwgkb KZ…K © wba©vwiZ
Ab¨vb¨ cªwZ‡e`b Kwgk‡bi Pvwn`v Abyhvqx `vwLj Kwi‡Z eva¨ _vwK‡eb|
(5) cÖ‡Z¨K gv‡P©›U e¨vsKvi Kwgkb KZ…K © wba©vwiZ mg‡q I c×wZ‡Z wb‡gœv³
Z_¨mg~n Kwgk‡bi wbKU mieivn Kwi‡Z eva¨ _vwK‡eb, h_v t-
(1) Kwgkb KZ…©K wba©vwiZ Bmy¨ eë¯’vcbvq Zvnvi `vwqZ¡;
(2) c~‡e© †ckK…Z ‡Kvb Z‡_¨ cwieZ©b ev cwiea©b, hvnv Bmy¨ Aby‡gv`‡bi Dci
cÖfve ivwL‡Z cv‡i;
(3) ‡h mKj †Kv¤úvbxi Bmy¨ wZwb eë¯’vcbv Kwiqv‡Qb ev †h mKj †Kv¤úvbxi
Bmyï mwnZ wZwb Ab¨ †Kvbfv‡e mswkøó wQ‡jb, Dnv‡ì bvg;
(4) g~jab ch©vßZvi †Kvb †ni-‡di; Ges
(5) †Kvb Bmy¨‡Z eë¯’vcK, Ae‡jLK, civgk©K ev Dc‡`óv wnmv‡e Zvnvi
f~wgKv|
12| Awbix¶xZ wnmve weeiYx|- Kwgkb KZ…K © gv‡P©›U e¨vsKv‡ii g~jab ch©vßZv Z`šÍ Kivi
myweav‡_© cÖ‡Z¨K gv‡P©›U e¨vsKvi Zvnvi Awbixw¶Z wnmve weeiYx cÖwZ 3(wZb) gvm AšÍi
Kwgk‡bi wbKU `vwLj Kwi‡eb|
477
13| AwWUi wi‡cv©‡Ui †cÖw¶‡Z c`‡¶‡ci cÖwZ‡e`b|- cÖPwjZ AvBb Abyhvqx gv‡P©›U
e¨vsKv‡ii wnmve wbix¶v KivB‡Z nB‡e; Ges wbix¶‡Ki cÖwZ‡e`b cÖvwßi lvU w`‡bi
g‡a¨ cÖ‡Z¨K gv‡P©›U e¨vsKvi cÖwZ‡e`‡b DwjøwLZ NvUwZ ev `ye©jZv †gvP‡bi Rb¨
cÖ‡qvRbxq eë¯’v MªnY Kwi‡eb|
14| Bmy¨ eë¯’vcbv welqK Z_¨ mieivn|- Bmy¨ eë¯’vcbvi mwnZ RwoZ gv‡P©›U e¨vsKvi
mswkøó Bmy¨ eë¯’vcbv m¤úwK©Z Kwgkb KZ…K
© wba©vwiZ hveZxq welqe¯‘, b¨vh¨ Aaëmvqx
mvwU©wd‡KU (due diligence certificate) mn, Kwgk‡bi wbKU mieivn Kwi‡eb|
15| †kqvi AR©‡b wewawb‡la|- †Kvb gv‡P©›U e¨vsKvi ev Dnvi †Kvb cwiPvjK, Askx`vi ev
eë¯’vcK ev cÖavb wbe©vnx, †h bv‡gB AwfwnZ nDK bv †Kb, Zvnvi †ckv`vix `vwqZ¡
cvjbKv‡j g‡°j ev Ab¨ †Kvb my‡Î cÖvß †Kvb mswewae× ms¯’vi AcÖKvwkZ g~j¨
ms‡e`bkxj Z‡_ï (price sensitive information) wfwË‡Z, wbR¯^ wnmv‡e ev
mn‡hvMx ev AvZ¥x‡qi Øviv †Kvb †kqvi AR©b Kwi‡Z ev †Kvb †jb‡`‡bi ms‡M m¤úwK©Z
nB‡Z cvwi‡e bv|
e¨vL¨v|- GB 1[wewa‡Z] ÔÔAvZ¥xqÓ A‡_© evev, gv, k¦ïi, k¦vïox, ¯^vgx, ¯¿x, fvB, †evb,
k¨vjK, k¨vwjKv, RvgvZv ev cyÎeay AšÍf©y³ nB‡e|
2
[15K| Kg©KZ©v, BZ¨vw` wb‡qv‡Mi †¶‡Î evav wb‡la|- †Kvb gv‡P©›U e¨vsKvi I †cvU©‡dvwjI
g¨v‡bRvi KZ©„K wbhy³ †Kvb Kg©KZ©v ev Kg©Pvix †Kvb wgDPÿqvj dvÛ, ÷K wWjvi ev
÷K †eªvKv‡ii Kg©KZ©v ev Kg©Pvix nB‡Z cvwi‡eb bv|]
1
2
478
PZz_© Aa¨vq
†cvU©‡dvwjI g¨v‡bRvi wbeÜb mvwU©wd‡KU, BZ¨vw`
16| mvwU©wd‡KU e¨wZ‡i‡K †cvU©‡dvwjI g¨v‡bRvi KvRKiY wbwl×|- GB 1[wewavgvjvi] Aaxb

Kwgk‡bi wbKU nB‡Z †cvU©‡dvwjI wbeÜb mvwU©wd‡KU e¨wZ‡i‡K †Kvb e¨w³
†cvU©‡dvwjI g¨v‡bRvi wnmv‡e KvR Kwi‡eb bvt
Z‡e k©Z _v‡K †h, GB 1[wewavgvjv] cÖeZ©‡bi AeëwnZ c~‡e© †Kvb e¨w³ †cvU©‡dvwjI
g¨v‡bRvi wbeÜb mvwU©wd‡KU Gi Rb¨ Kwgk‡bi wbKU Av‡e`b Kwiqv _vwK‡j, D³
Av‡e`b wb®úwË bv nIqv ch©šÍ wZwb †cvU©‡dvwjI g¨v‡bRvi †ckvq wb‡qvwRZ _vwK‡Z
cvwi‡eb|
1
[16K| wbeÜb gÄyixi A‡hvM¨Zv|-(1) †Kvb †cvU©‡dvwjI g¨v‡bRv‡ii ìLv¯Í wbeÜb gÄyixi
Rb¨ †hvM¨ nB‡e bv, hw`-
(K) Dnv †Kv¤úvwb, mswewae× ms¯’v ev Kwgkb KZ…K
© Aby‡gvw`Z Ab¨ †Kvb cÖwZôvb
bv nqt
Z‡e kZ© _v‡K †h, †h mKj †cvU©‡dvwjI g¨v‡bRvi B‡Zvc~‡e© †Kv¤úvwb ev
mswewae× ms¯’v b‡n Ggb †Kvb cÖwZôvb wnmv‡e wbeÜb mb`cÖvß nBqv‡Q
Zvnv‡ì‡K AÎ ms‡kvabx ‡M‡R‡U cÖKv‡ki 6 (Qq) gv‡mi g‡a¨ †Kv¤úvwb‡Z
iƒcvšÍwiZ nB‡Z nB‡e;
2
[(L) Dnvi cwi‡kvwaZ g~jab 12.50 (evi `kwgK cvuP) †KvwU UvKv Ges mve©¶wYK
bxU m¤ú` cwi‡kvwaZ g~ja‡bi AšÍZt kZKiv 50 (cÂvk) fvM bv nq Ges
mb`cÖvß †cvU©‡dvwjI g¨v‡bRv‡ii †¶‡Î AÎ ms‡kvabxi cÖÁvcb †M‡R‡U
cªKvk nBevi 1 (GK) eQ‡ii g‡a¨ cwi‡kvwaZ g~jab 12.50 (evi `kwgK
cvuP) †KvwU UvKvq DbœxZ Kwi‡Z nB‡et
Z‡e kZ© _v‡K †h, †cvU©‡dvwjI g¨v‡bRvi (e¨vsK I Avw_©K cÖwZôvb e¨wZZ)
†Kvb mg‡qB Zvnvi g~ja‡bi, A_©vr cwi‡kvwaZ g~jab I wd« wiRvf©
(revaluation reserve Qvov) Gi, cvuP¸‡Yi †ekx †cvU©‡dvwjI Znwej
eë¯’vcbv Kwi‡e bv|]
(M) Kwgk‡bi we‡ePbvq cuywRevRvi ev wewb‡qvMKvix‡ì ¯^v‡_© ìLv¯ÍwU we‡ePbvi
AeKvk bv _v‡K|
1
2
cÖÁvcb bs-GmBwm/wmGgAviAviwmwW/2001-50/127/cÖkvmb/42 ZvwiL 16 GwcÖj 2012 Gi Øviv cÖwZ¯’vwcZ
nBqv‡Q hvnv †g 27, 2012 Zvwi‡L evsjv‡`k †M‡R‡U cÖKvwkZ nBqv‡Q|
479
(2) Kwgkb, Rb¯^v‡_©, Dc-wewa (1) Gi weavbvejxi †h †KvbwU †h †Kvb †cvU©‡dvwjI
g¨v‡bRv‡ii †¶‡Î wkw_j Kwi‡Z cvwi‡e|Ó|]
17| mvwU©wd‡K‡Ui Rb¨ Av‡e`b|- (1) †cvU©‡dvwjI g¨v‡bRvi wbeÜb mvwU©wd‡K‡Ui Rb¨
dig ÔMÕ G Av‡e`b Kwi‡Z nB‡e|
(2) †c-AW©vi ev e¨vsK WªvdU Gi gva¨‡g Av‡e`b wd eveZ Kwgkb eive‡i
A‡diZ‡hvM¨ 1000 (GK nvRvi) UvKv Rgv bv Kwi‡j †Kvb Av‡e`b MÖnY‡hvM¨
nB‡e bv|
(3) Av‡e`b dig Gi Pvwn`v Abyhvqx Z_¨vw` h_vh_fv‡e Ges m¤ú~Y©fv‡e D‡jøL ev,
†¶ÎgZ, mieivn bv Kwi‡j ev GB 1[wewavgvjvi] Ab¨vb¨ kZ© c~iY Kiv bv nB‡j,
Av‡e`b evwZj‡hvM¨ nB‡et
Z‡e kZ© _v‡K †h, †Kvb Av‡e`b evwZj Kivi c~‡e© Kwgkb KZ…K © wbw`©óK…Z
mg‡qi g‡a¨ AvcwË¸wj `~i Kivi Rb¨ mswkøó Av‡e`bKvix‡K wjwLZfv‡e
RvbvB‡Z nB‡e|
(4) †Kvb Av‡e`b wb®úwËi myweav‡_© Kwgkb Av‡e`bKvix‡K Av‡e`‡bi mwnZ
`vwLjK…Z Z‡_ï AwZwi³ Z_¨ ev mieivnK…Z †Kvb Z‡_ï e¨vL¨v cÖ`vb Kwi‡Z
ev Av‡e`bKvix ev Zvnvi c‡¶ e¨w³MZ e³e¨ ivLvi Rb¨ AvnŸvb Kwi‡Z
cvwi‡e|
18| mvwU©wd‡KU gÄyiKi‡Yi Rb¨ KwZcq we‡eP¨ welq|- †cvU©‡dvwjI g¨v‡bRvi wbeÜb
mvwU©wd‡KU gÄyiKi‡Yi Rb¨ Kwgkb, Ab¨v‡bï g‡a¨, wbgœewY©Z welq¸wj Z`šÍ I
we‡ePbv Kwi‡e, h_v t-
(K) Av‡e`bKvixi eëmv‡qi ¯’vb, Awdm, BZ¨vw`;
(L) †cvU©‡dvwjI Kv‡R wb‡qvwRZ Kwgkb KZ…K
© wba©vwiZ †jvKej Ges D³ Kv‡R
Zvnv‡ì AwfÁZv;
(M) g~ja‡bi ch©vßZv;
(N) Av‡e`bKvix ev Zvnvi †Kvb 1[cwiPvj‡Ki] FYMÖ¯Z
’ v, wmwKDwiwUR gv‡K©‡Ui
mv‡_ mswkøó †Kvb gvgjvq Av‡e`bKvix ev Zvnvi †Kvb [cwiPvj‡Ki]
mswkøóZv •bwZK öjbRwbZ Aciv‡a Av‡e`bKvix ev Zvnvi †Kvb
[cwiPvj‡Ki] †`vlx mve¨¯Í nIqv, BZ¨vw`|
1
480
19| g~jab ch©vßZv|- (1) Kwgkb KZ…K© GZ`y‡Ï‡k¨, mgq mgq, wba©vwiZ g~jab bv _vwK‡j,
Kwgkb †Kvb e¨w³‡K †cvU©‡dvwjI g¨v‡bRvi wbeÜb mvwU©wd‡KU gÄyi Kwi‡e bv|
(2) Kwgkb cÖÁvcb Øviv 1[Dc-wewa] (1) Gi Aaxb wba©vwiZ g~ja‡bi cwigvY cÖKvk
Kwi‡e|
20| †cvU©‡dvwjI g¨v‡bRvi wbeÜb mvwU©wd‡KU Gi Av‡e`b gÄyiKiY|-(1) †Kvb e¨w³ KZ…©K
cÖ`Ë †cvU©‡dvwjI g¨v‡bRvi wbeÜb mvwU©wd‡KU Av‡e`b we‡ePbv Kwiqv Kwgkb hw` GB
g‡g© mšyó‘ nq †h, Av‡e`bKvix‡K mvwU©wd‡KU gÄyi Kiv mgxPxb I h_vh_ nB‡e, Zvnv
nB‡j Kwgkb Zvnv‡K †cvU©‡dvwjI g¨v‡bRvi wbeÜb mvwU©wd‡KU gÄy‡ii wm×všÍ MÖnY
Kwi‡e Ges D³iƒc wm×všÍ Av‡e`bKvix‡K wjwLZfv‡e AewnZ Kwi‡e|
2
(2) [Dc-wewa] (1) Gi Aaxb Kwgk‡bi wm×všÍ cÖvwßi GK gv‡mi g‡a¨ Av‡e`bKvix
†c-AW©vi ev e¨vsK WªvdU Gi gva¨‡g mvwU©wd‡KU wd eveZ 1,00,000 (GK j¶)
UvKv Ges mvwU©wd‡K‡Ui cÖ_g evrmwiK wd eveZ GKB c×wZ‡Z 50,000 (cÂvk
nvRvi) UvKv Kwgkb eive‡i Rgv Kwi‡e|
1
(3) [Dc-wewa] (2) Gi Aaxb wba©vwiZ wd cÖ`vb Kiv nB‡j, Kwgkb Av‡e`bKvix‡K
dig ÔLÕ †Z †cvU©‡dvwjI g¨v‡bRv‡ii GKwU mvwU©wd‡KU cÖ`vb Kwi‡e|
21| Av‡e`b bv-gÄyi Kivi wm×všÍ|- (1) †Kvb e¨w³ KZ…K© cª`Ë †cvU©‡dvwjI g¨v‡bRvi
wbeÜb mvwU©wd‡K‡Ui Av‡e`b we‡ePbv Kwiqv Kwgkb hw` GB g‡g© mšyó‘ nq †h,
Av‡e`bKvix‡K mvwU©wd‡KU gÄyi Kiv mgxPxb I h_vh_ nB‡e bv, Zvnv nB‡j Kwgkb
Zvnvi Av‡e`b gÄyi bv Kivi KviY wjwce× Kwiqv Av‡e`bKvix‡K wjwLZfv‡e, D³
wm×všÍ MÖn‡Yi ZvwiL nB‡Z 15 (c‡bi) w`‡bi g‡a¨, RvbvBqv w`‡e Ges GB g‡g©
Zvnv‡K AewnZ Kwi‡e †h, hw` Av‡e`b gÄyi bv Kivi Kvi‡Yi Dci Zvnvi †Kvb e³e¨
_v‡K, Zvnv nB‡j D³ e³e¨ wZwb wjwLZfv‡e, Av‡e`b bv gÄyi msµvšÍ wm×všÍ AewnZ
nIqvi 10 (`k) w`‡bi g‡a¨, Kwgkb‡K RvbvB‡eb, A_ev wZwb e¨w³MZfv‡e Kwgkb
m¤§y‡L Dcw¯’Z nBqv Zvnvi e³e¨ Ges wjwLZ e³‡eï AwZwi³ e³e¨ †ck Kivi
B”QvI Kwgkb‡K, D³ mg‡qi g‡a¨, RvbvB‡Z cv‡ib|
1
(2) [Dc-wewa] (1) Gi Aaxb Av‡e`bKvix KZ…K
© †ckK…Z wjwLZ ev †gŠwLK ev
Dfqwea e³e¨ we‡ePbv Kwiqv Kwgkb mswkøó Av‡e`‡bi Dci PzovšÍ wm×všÍ
w`‡e|
1
2
481
1
(3) [Dc-wewa] (2) Gi Aaxb Kwgkb hw` Av‡e`bKvixi Av‡e`b gÄyi K‡ib,
†mB‡¶‡Î cÖweavb 20 Gi weavb cÖ‡hvR¨ nB‡e Ges hw` Dnv bv-gÄyi K‡ib,
Zvnv nB‡j Zvnvi Av‡e`b evwZj nBqv‡Q ewjqv MY¨ nB‡e|
22| evwZj Av‡e`b cybwe©‡ePbv| - (1) Kwgkb KZ©„K 1[wewa] 20 Gi Aaxb †Kvb Av‡e`b
evwZj Kiv nB‡j, evwZ‡ji wm×všÍ Mªn‡Yi 30 (wÎk) w`‡bi g‡a¨, evwZ‡ji KviYmn,
Av‡e`bKvix‡K wjwLZfv‡e RvbvB‡Z nB‡e|
2
(2) [Dc-wewa] (1) Gi Aaxb Av‡e`b evwZjRwbZ cÎ cvBevi 30 (wÎk) w`‡bi
g‡a¨ Av‡e`bKvix D³ wm×všÍ cybwe©‡ePbvi Rb¨ Kwgk‡bi wbKU wjwLZ Av‡e`b
Kwi‡Z cvwi‡e Ges GBiƒc †h †Kvb Av‡e`b Kwgkb cybwe©‡ePbv Kwi‡e|
(3) GB 1[wewai] Aaxb Av‡eb`Kvix KZ…K © `vwLjK…Z cybwe©‡ePbvi Av‡e`b cÖvwßi 30
(wÎk) w`‡bi g‡a¨ Z`KZ…K © wba©vwiZ c×wZ I cÖwµqv AbymiY Kwiqv Dnvi Dci
P~ovšÍ wm×všÍ w`‡e Ges Av‡e`bKvix‡K D³ wm×všÍ wjwLZfv‡e RvbvB‡e|
(4) GB 1[wewai] Aaxb cybwe©‡ePbvi ci hw` Av‡e`b gÄyi Kiv nq, Zvnv nB‡j
†m‡¶‡Î 1[wewa] 20 Gi weavb cÖ‡hvR¨ nB‡e|
23| †cvU©‡dvwjI g¨v‡bRv‡ii cÖK…wZ, BZ¨vwì cwieZ©b|- GB Aa¨v‡q hvnv wKQyB _vKzK bv
†Kb, Kwgk‡bi wjwLZ cye©vbygwZ e¨wZ‡i‡K †Kvb †cvU©‡dvwjI g¨v‡bRv‡ii gh©v`v I
cÖK…wZi †Kvb cwieZ©b Kiv hvB‡e bv|
24| mvwU©wd‡K‡Ui evwl©K wd|- (1) GB 1[wewagvjvi] Aaxb gÄyiK…Z cÖ‡Z¨K †cvU©‡dvwjI
wbeÜb mvwU©wd‡K‡Ui evwl©K wd 3[50,000 (cuÂvk nvRvi)] UvKv nB‡e hvnv †c-AW©vi ev
e¨vsK WªvdU Gi gva¨‡g Kwgkb eive‡i Rgv Kwi‡Z nB‡e|
1
2) [wewa] 7 Gi 1[Dc-wewa] (2) Gi weavb mv‡c‡¶ mvwU©wd‡KU Kvh©Ki nBevi
ZvwiL nB‡Z cÖwZ cwÄKv ermi †kl nBevi wZb gv‡mi g‡a¨ GB evwl©K wd cª‡`q
nB‡e|
(3) GB 1[wewai] Aaxb cÖ‡`q evwl©K wd cÖ`vb Kwi‡Z †Kvb †cvU©‡dvwjI g¨v‡bRvi e¨_©
nB‡j Kwgkb, wjwLZ Av‡`k Øviv, Zvnvi mvwU©wd‡KU ¯’wMZ Kwi‡Z cvwi‡et
1
2
3
cÖÁvcb bs-GmBwm/wmGgAviAviwmwW/2006-159/cÖkvmb-01/31 ZvwiL 16B Ryb 2008 Gi Øviv cÖw Z¯’vwcZ
482
Z‡e kZ© _v‡K †h, GBiƒc ¯’wMZv‡`k cÖ`v‡bi c~‡e© †Kb ¯’vwMZv‡`k cÖ`vb Kiv
nB‡e bv †mB g‡g© †cvU©‡dvwjI g¨v‡bRvi‡K KviY `k©v‡bvi †bvwUk w`‡Z nB‡e|
(4) cÖ‡Z¨K †cvU©‡dvwjI g¨v‡bRvi cÖwZwU wnmve mg‡qi †k‡l Kwgk‡bi Kv‡Q e¨v‡jÝ
mxU, jvf I †jvKmvb wnmve, bM` Av`vb-cÖ`v‡bi weeiYx Ges Kwgkb KZ…K ©
wba©vwiZ Ab¨vb¨ cÖwZ‡e`b, Kwgk‡bi Pvwn`v Abyhvqx, `vwLj Kwi‡eb|
(5) cÖ‡Z¨K †cvU©‡dvwjI g¨v‡bRvi, Kwgkb KZ…K

© wba©vwiZ mg‡q I c×wZ‡Z, wb‡gœv³
Z_¨mg~n Kwgk‡bi wbKU mieivn Kwi‡Z eva¨ _vwK‡eb, h_v t-
(K) †cvU©‡dvwjI eë¯’vcbvi wek` weeiY;
(L) c~‡e© †ckK…Z †Kvb Z‡_¨ cwieZ©b ev cwiea©b, hvnv gÄyixK…Z
mvwU©wd‡K‡Ui Dci cÖfve ivwL‡Z cv‡i;
(M) †h me g‡°‡ji †cvU©‡dvwjI cwiPvjbv Kwiqv‡Qb Zvnv‡ì bvg I wVKvbv;
(N) g~jab ch©vßZvi †Kvb †ni-‡di|
25| Awbixw¶Z wnmve weeiYx|- Kwgkb KZ…K © †cvU©‡dvwjI g¨v‡bRv‡ii g~jab ch©vßZv Z`šÍ
Kivi myweav‡_© cÖ‡Z¨K †cvU©‡dvwjI g¨v‡bRvi Zvnvi Awbixw¶Z wnmve weeiYx cÖwZ 3
(wZb) gvm AšÍi Kwgk‡bi wbKU `vwLj Kwi‡eb|
26| wnmve Ges wbix¶v|- (1) †cvU©‡dvwjI g¨v‡bRvi Zvnvi cÖ‡Z¨K g‡°‡ji wnmve
c„_Kfv‡e i¶Y Kwi‡eb Ges g‡°‡ji Avq I AvqKi KZ©bmn mKj LiPvwì wnmve
D³ wnmv‡e h_vh_fv‡e cÖ`k©b Kwi‡eb|
(2) †cvU©‡dvwjI g¨v‡bRvi Zvnvi Kwgkb KZ©„K wba©vwiZ hveZxq wnmve ewn PvUvW©
G¨vKvD›U¨v›U Øviv wbix¶v KivB‡eb, hvnv‡Z wbY©xZ nq †h, †cvU©‡dvwjI g¨v‡bRvi
h_vh_ wnmve c×wZ AbymiY K‡ib Ges 1[wewa] †gvZv‡eK Zvnvi `vwqZ¡ cvjb
Kwiqv‡Qb| D³iƒc wbix¶v cÖwZ‡e`b †cvU©‡dvwjI g¨v‡bRv‡ii wnmve mgvwßi Qq
gv‡mi g‡a¨ Kwgk‡bi wbKU `vwLj Kwi‡Z nB‡e|
27| wbix¶‡Ki cÖwZ‡e`‡bi †cÖw¶‡Z M„nxZ c`‡¶‡ci cÖwZ‡e`b|- wbix¶‡Ki cÖwZ‡e`b

cÖvwßi lvU w`‡bi g‡a¨ cÖ‡Z¨K †cvU©‡dvwjI g¨v‡bRvi cÖwZ‡e`‡b D‡jøwLZ NvUwZ ev
`ye©jZv †gvP‡bi Rb¨ cÖ‡qvRbxq eë¯’v MÖnY Kwi‡eb|
1
483
cÂg Aa¨vq
†cvU©‡dvwjI g¨v‡bRv‡ii `vwqZ¡
28| wnmve ewn I †iKW©cÎ i¶Yv‡e¶Y|- cÖ‡Z¨K †cvU©‡dvwjI g¨v‡bRvi cÖwZwU wnmve mgq
Kv‡ji Rb¨ wbgœwjwLZ wnmve ewn, †iKW© I `wjjvw` i¶Yv‡e¶Y Kwi‡eb, h_v t-
(K) e¨vjvÝ mxU;
(L) jvf I †jvKmvb wnmve;
(M) bM` Av`vb-cÖ`v‡bi weeiYx;
(N) wnmv‡ei Dci wbix¶‡Ki cÖwZ‡e`b;
(O) Kwgkb KZ…©K wba©vwiZ wnmve weeiYx m¤úwK©Z wnmve ewn|
(2) cÖ‡Z¨K †cvU©‡dvwjI g¨v‡bRvi Zvnvi wnmve ewn, †iKW© I `wjj cÎ †Kv_vq iw¶Z
nq †mB m¤ú‡K© Kwgkb‡K AewnZ Kwi‡eb|
(3) GB 1[wewai] Aaxb msi¶Y Kiv nq Ggb hveZxq wnmve ewn, †iKW© I `wjj cÎ
12 (evi) ermi msi¶Y Kwi‡Z nB‡e|
29| g‡°‡ji mv‡_ Pzw³|- †cvU©‡dvwjI eë¯’vcbvi `vwqZ¡ †bIqvi c~‡e© cÖ‡Z¨K †cvU©‡dvwjI
g¨v‡bRvi g‡°‡ji mwnZ GKwU Pzw³ m¤úv`b Kwi‡eb Ges Dnv‡Z, Ab¨vb¨ wel‡qi g‡a¨,
wb‡¤œv³ welqmg~nmn, Zvnv‡ì cvi¯úwiK AwaKvi, `vwqZ¡ I f~wgKvi D‡jøL _vwK‡e,
h_vt-
(K) wewb‡qv‡Mi D‡Ï‡k¨ I cÖ`vb‡hvM¨ †mev;
(L) wewb‡qvM †¶Î;
(M) †Kvb we‡kl †Kv¤úvbx ev BÛvwóª‡Z wewb‡qv‡M g‡°‡ji AvcwË, hw` _v‡K;
(N) †cvU©‡dvwjI eë¯’vcbvq SzuwK;
(O) Pzw³i †gqv` Ges †gqv`c~wZ©i c~‡e© Pzw³ evwZj Kivi welq;
(P) wewb‡qvM‡hvM¨ A_©;
(Q) g‡°‡ji wnmve wb®úwË Kivi wbqg;
(R) †cvU©‡dvwjI g¨v‡bRvi‡K cÖ‡`q wd;
(S) wmwKDwiwU‡Ri †ndvRZ|
1
484
(2) †cvU©‡dvwjI g¨v‡bRvi g‡°‡ji Znwej †Kvb Zdwmwj e¨vs‡K c„_K wnmv‡e
ivwLqv wb‡R Dnv cwiPvjbv Kwi‡eb|
1
[(3) BKz¨BwU Askx`vwi‡Z¡i wfwË‡Z cwiPvwjZ †cvU©‡dvwjI e¨wZ‡i‡K †cvU©‡dvwjI
eë¯’vcbvi Rb¨ †cvU©‡dvwjI g¨v‡bRvi g‡°j‡ì wbKU nB‡Z wd cvIqvi
AwaKvix nB‡e|]
2
[(4) †cvU©‡dvjI g¨v‡bRvi BKz¨BwU Askx`vwi‡Z¡i wfwË‡Z wb¤œwjwLZ kZ© mv‡c‡¶
Zvnvi g‡°‡ji †cvU©‡dvwjI MVb I eë¯’cbv Kwi‡Z cvwi‡et
(K) †cvU©‡dvwjI g¨v‡bRvi Zvnvi ¯^xq we‡ePbvq (own discretion)
wewb‡qvM Kwi‡Z cvwi‡e;
(L) D³iƒc wewb‡qv‡M †cvU©‡dvwjI g¨v‡bRv‡ii b~¨bZg Ask nB‡e 30
(wÎk) kZvsk; Ges
(M) wewb‡qvMKvixi wbR¯^ BKz¨BwU eë¯’vcbvi Rb¨ †cvU©‡dvwjI g¨v‡bRvi
AvbycvwZK nv‡i wd cvBevi AwaKvix nB‡e|]
30| g‡°‡ji A_© wewb‡qvM|- 3[(1)]

3
[(2)]
45
[ {(1) g‡°‡ji mv‡_ m¤úvw`Z Pzw³‡Z hvnv wKQyB _vKzK bv †Kb, †Kvb g‡°j, wbR
`vwq‡Z¡ I wb‡¤§v³ Ae¯’vq, †cvU©‡dvwjI wmwKDwiwUR ev Znwej cÖZ¨vnvi
Kwi‡Z ev †dir wb‡Z cvwi‡eb, h_vt-
(K) †cvU©‡dvwjI g¨v‡bRvi Zvnvi KvR nB‡Z Ae¨vnwZ wb‡j;
(L) †cvU©‡dvwjI g¨v‡bRv‡ii mvwU©wd‡KU ¯’wMZ ev evwZj Kiv nB‡j;
(M) †cvU©‡dvwjI g¨v‡bRvi †`Dwjqv, Ges †Kv¤úvbxi †¶‡Î, Dnvi Aemvb
nB‡j;
(N) †cvU©‡dvwjI g¨v‡bRv‡ii ¯’vqx AcviMZvi g‡Zv †Kvb wKQy NwU‡j|}
1
cÖÁvcb bs GmBwm/wmGgAviAviwmwW/2001-50/cÖkvmb/01-37 ZvwiLt †m‡Þ¤î 30, 2009Bs Gi Øviv
cÖwZ¯’vwcZ nBqv‡Q|
2
cÖÁvcb bs GmBwm/wmGgAviAviwmwW/2001-50/cÖkvmb/01-37 ZvwiL †m‡Þ¤î 30, 2009Bs Gi Øviv mshy³
nBqv‡Q|
3
cÖÁvcb bs- GmBwm/GjGmwW(Avtmt)2003/122/cÖkvmb/01/18 ZvwiL 26 †g 2003Bs Gi Øviv wejyß
nBqv‡Q, hvnv evsjv‡`k †M‡R‡U RyjvB 13, 2003Bs Zvwi‡L cÖKvwkZ nBqv‡Q|
4
cÖÁvcb bs- GmBwm/GjGmwW(Avtmt)2003/122/cÖkvmb/01/18 ZvwiL 26 †g 2003Bs Gi Øviv c~bmsL¨vwqZ
Kiv nBqv‡Q, hvnv evsjv‡`k †M‡R‡U RyjvB 13, 2003Bs Zvwi‡L cÖKvwkZ nBqv‡Q|
5
cÖÁvcb bs-GmBwm/GjGmwW(Avtmt)/2003/122/cÖkvmb/1/19, ZvwiL †g 26, 2003 Gi Øvviv cybmsL¨vwqZ
nBqv‡Q hnv evsjv‡`k †M‡R‡U RyjvB 13, 2003Bs Zvwi‡L cÖKvwkZ nBqv‡Q|
485
(2) †cvU©‡dvwjI g¨v‡bRvi Zvnvi g‡°‡ji A_© A_©-evRv‡i A_ev Pzw³i kZ©
Abyhvqx wewb‡qvM Kwi‡Z eva¨ _vwK‡eb|
e¨vL¨v- GB 1[Dc-wewai] Rb¨ A_©-evRvi ewj‡Z evwYwR¨K cÎ, †UªW wej,
†UªRvix wej, wW‡cvwRU mvwU©wd‡KU Ges Kwgkb KZ…©K mgq mgq wba©vwiZ
Ab¨vb¨ A_© `wjj m¤úvwK©Z evRvi‡K eySvB‡e|
(3) †cvU©‡dvwjI g¨v‡bRvi g‡°‡ji A_© wewb‡qv‡Mi mgq dUKvevRvix
(speculative) †jb‡`b Kwi‡eb bv|
2
(4) [†cvU©‡dvwjI g¨v‡bRvi mvaviYfv‡e cÖ‡Z¨K g‡°‡ji Rb¨ c„_Kfv‡e
wmwKDwiwUR µq-weµq Kwi‡e Ges †h‡¶‡Î mgwóMZfv‡e wmwKDwiwUR µq ev
weµq Kiv nq, †m‡¶‡Î MocoZv g~‡j¨ AvbycvwZKfv‡e Dnvi e›Ub Kwi‡et
Z‡e kZ© _v‡K †h, ARo c×wZ‡Z msiw¶Z wmwKDwiwU‡Ri †¶‡Î, †cvU©‡dvwjI
g¨v‡bRvi cÖ‡Z¨K g‡°‡ji Rb¨ c„_Kfv‡e myweav‡fvMx gvwjK wnmve (BO
Account) msi¶Y Kwi‡e Ges D³ wnmv‡ei c‡¶ wmwKDwiwUR µq-weµq
Kwi‡e, Ges †h‡¶‡Î mgwóMZ wnmve (Omnibus type BO Account) G
wmwKDwiwUR µq-weµq Kiv nB‡e †m‡¶‡Î MocoZv g~‡j¨ AvbycvwZKfv‡e
wbR wbR myweav‡fvMx gvwjK wnmve (BO Account) G wmwKDwiwUR ¯’vbvšÍi
Kwi‡e|]
(5) †cvU©‡dvwjI g¨v‡bRv‡ii wbR¯^ wnmve I g‡°‡ji wnmve A_ev `yBRb g‡°‡ji
wnmvemn µq ev weµ‡qi †h †Kvb wnmv‡ei †jb‡`b PjwZ evRvig~‡j¨ nB‡e|
3
(6) [†cvU©‡dvwjI g¨v‡bRvi cÖ‡Z¨K g‡°‡ji Znwej Ges wmwKDwiwUR c„_K c„_K
ivwL‡e Ges Dnv Zvnvi wb‡Ri Znwej I wmwKDwiwUR nB‡Z c„_K ivwL‡e Ges
†cvU©‡dvwjI g¨v‡bRvi g‡°‡ji A_© I wmwKDwiwUR Gi i¶K wnmv‡e KvR
Kwi‡et
Z‡e kZ© _v‡K †h, hw` GB g‡g©© Pzw³ c‡Î D‡jøL _v‡K †h, †cvU©‡dvwjI
g¨v‡bRvi g‡°‡ji wmwKDwiwUR Zvnvi wb‡Ri wnmv‡e ivwL‡Z cvwi‡e, Ges
Zvnv nB‡j †cvU©‡dvwjI g¨v‡bRvi g‡°j‡K Z`byhvqx AewnZ Kwiqv Abyiƒc
eë¯’v wb‡Z cvwi‡et
Av‡iv kZ© _v‡K †h, ARo c×wZ‡Z msiw¶Z wmwKDwiwUR Gi †¶‡Î
†cvU©‡dvwjI g¨v‡bRvi cÖ‡Z¨K g‡°‡ji Rb¨ c„_Kfv‡e myweav‡fvMx gvwjK
1
2
3
486
wnmve (BO Account) msi¶Y Kwi‡e Ges †h‡¶‡Î c„_K myweav‡fvMx gvwjK
wnmve bvB †m‡¶‡Î AÎ ms‡kvabx †M‡R‡U cÖKv‡ki ZvwiL nB‡Z 3 (wZb)
gv‡mi g‡a¨ D³ wnmve Lywj‡Z nB‡e, Ab¨_vq, †cvU©‡dvwjI g¨v‡bRvi mgwóMZ
wnmve G aviYK…Z mswkøó g‡°‡ji wmwKDwiwUR weµqc~e©K Dnvi A_© g‡°j‡K
cÖ`vb Kwi‡et
Av‡iv kZ© _v‡K †h, †h‡¶‡Î †cvU©‡dvwjI g¨v‡bRvi mgwóMZ wnmve
(Omnibus type BO Account) G g‡°‡ji c‡¶ ARo (demated)
wmwKDwiwUR †jb‡`b K‡i, †m‡¶‡Î †jb‡`bK…Z wmwKDwiwURmg~n ÷K
G·‡P‡Äi hyMcr `yBwU wb¯úwËKvjxb mg‡qi g‡a¨ (within a period of
two similtaneous settlement cycle) wKsev 7 (mvZ) †UªwWs wè‡mi
g‡a¨, hvnv Av‡M nB‡e †mB mg‡qi g‡a¨, mswkøó myweav‡fvMx gvwjK wnmve
Beneficial Owners Account) G ¯’vbvšÍi Kwi‡e|]
1
[(7) †cvU©‡dvwjI g¨v‡bRvi me©‡¶‡Î g‡°‡ji wmwKDwiwUR ev Znwej eë¯’vcbv I
cÖkvmb‡K Ges g‡°‡ji Av‡`k Kvh©Ki Kiv‡K cÖvavb¨ w`‡eb|]
31| g‡°‡ji wbKU cÖ‡`q cÖwZ‡e`b|- (1) †cvU©‡dvwjI g¨v‡bRvi g‡°‡ji wbKU mvgwqK,
wKš‘ AbwaK Qq gvm AšÍi, cÖwZ‡e`b mieivn Kwi‡eb, hvnv‡Z wbgœewY©Z wel‡q we¯ÍvwiZ
Z_¨vejx _vwK‡e, h_v t-
(K) †cvU©‡dvwjIi MVb I g~j¨, †cvU©‡dvwjI‡Z we`¨gvb wmwKDwiwU‡Ri eY©bv,
msL¨v, cÖwZ wmwKDwiwU‡Ri g~j¨ Ges cÖwZ‡e`b `vwL‡ji Zvwi‡L †cvU©‡dvwjIi
bM` DØ„Ë I mgwói g~j¨;
(L) †jb‡`‡bi ZvwiL, weµq I µ‡qi eY©bvmn cÖwZ‡e`bvaxb mgqKv‡ji †jb‡`b;
(M) my`, jf¨vsk, †evbvm, †kqvi Ges wW‡eÂvimn H mg‡qi g‡a¨ cÖvß Avw_©K
myweav;
(N) g‡°‡ji †cvU©‡dvwjI cwiPvjbvi LiPvw`;
(O) †cvU©‡dvwjI g¨v‡bRvi Gi g‡Z m¤¢ve¨ SuywKi weeiY Ges wmwKDwiwUR
wewb‡qv‡M ev wewb‡qvM cÖZ¨vnv‡i Zvnvi mycvwikK…Z SuywKi eY©bv|
(2) †cvU©‡dvwjI g¨v‡bRvi g‡°‡ji Kv‡Q †KejgvÎ †cvU©‡dvwjI cwiPvjbvi mv‡_ mswkøó
`wjjcÎ I Z_¨ mieivn Kwi‡eb|
(3) Pzw³ evwZ‡ji ci †cvU©‡dvwjI g¨v‡bRvi g‡°‡ji wbKU wnmv‡ei GKwU we¯ÍvwiZ
cÖwZ‡e`b cvVvB‡eb Ges Pzw³i kZ© †gvZv‡eK g‡°‡ji wnmve wgUvB‡eb|
1
cÖÁvcb bs- GmBwm/GjGmwW(Avtmt)2003/122/cÖkvmb/01/18 ZvwiL 26 †g 2003Bs Gi gva¨‡g wewawU
mshy³ Kiv nBqv‡Q, hvnv evsjv‡`k †M‡R‡U RyjvB 13, 2003Bs Zvwi‡L cÖKvwkZ nBqv‡Q|
487
(4) †cvU©‡dvwjI g¨v‡bRvi I g‡°‡ji g‡a¨ †Kvb we‡iva m„wó nB‡j, g‡°j †cvU©‡dvwjI
g¨v‡bRv‡ii wbKU nB‡Z g‡°‡ji wnmv‡ei we¯ÍvwiZ weeiY Rvbvi AwaKvi msi¶Y
Kwi‡eb|
488
lô Aa¨vq
cwi`k©b, BZ¨vw`
32| cwi`k©b, BZ¨vw`|- (1) gv‡P©›U e¨vsKvi I †cvU©‡dvwjI g¨v‡bRv‡ii wnmve ewn, †iKW© I
`wjj cÎ cwi`k©‡bi Rb¨ Kwgkb †h †Kvb e¨w³‡K cwi`k©K wnmv‡e wb‡qvM Kwi‡Z
cvwi‡e|
(2) †Kvb gv‡P©›U e¨vsKvi I †cvU©‡dvwjI g¨v‡bRvi AvBb I GB 1[wewagvjvi] Aaxb
Zvnvi `vwqZ¡ I Kvh©vejx mwVKfv‡e cvjb Kwi‡Z‡Qb wKbv Ges GZ`y‡Ï‡k¨
Zvnvi wnmve ewn, †iKW© I `wjj cÎ h_vh_fv‡e msi¶Y Kwi‡Z‡Qb wKbv Zvnv
cwi`k©b Kiv nB‡e| GB 2[wewai] Aaxb wbhy³ cwi`k©‡Ki `vwqZ¡ Ges Bnvi
AwZwi³ wZwb wbgœewY©Z wel‡q Z`šÍ Kwi‡eb, h_v t-
(K) gv‡P©›U e¨vsKvi ev †cvU©‡dvwjI g¨v‡bRv‡ii weiæ‡× wewb‡qvMKvixi
Awf‡hvM;
(L) †Kvb gv‡P©›U e¨vsKvi ev †cvU©‡dvwjI g¨v‡bRv‡ii weiæ‡× Ab¨ †Kvb gv‡P©›U
e¨vsKvi ev †cvU©‡dvwjI g¨v‡bRvi ev ¯^v_© iwnqv‡Q Ggb Ab¨ †Kvb e¨w³i
Awf‡hvM;
(M) wmwKDwiwUR eëmv I wewb‡qvMKvix‡ì ¯^v‡_© gv‡P©›U e¨vsKvi I
†cvU©‡dvwjI g¨v‡bRv‡ii `vwqZ¡ I Kvh©vejx m¤úwK©Z hveZxq welq|
(3) GB 3[wewai] D‡Ïk¨ c~iYK‡í cwi`k©‡bi D‡Ï‡k¨ cwi`k©K Aby¨b 3 (wZb) w`b
A_ev Kwgkb KZ…©K Aby‡gvw`Z nB‡j Z`‡c¶v Kg mg‡qi †bvwUk cÖ`vbc~e©K
cwi`k©‡bi welqe¯‘ m¤ú‡K© mswkøó gv‡P©›U e¨vsKvi ev †cvU©‡dvwjI g¨v‡bRvi‡K
AewnZ Kwi‡eb|
1
(4) [Dc-wewa] (3) Gi Aaxb †bvwUk cÖvß nB‡j mswkøó gv‡P©›U e¨vsKvi ev
†cvU©‡dvwjI g¨v‡bRvi cwi`k©†Ki Pvwn`v †gvZv‡eK mswkøó wnmve ewn, †iKW©,
`wjjcÎ Ges mswkøó Ab¨vb¨ Z_¨vw` Zvnv‡K mieivn Kwi‡Z Ges cwi`k©b Kvh©
myôzfv‡e m¤úv`‡bi wbwg‡Ë Zvnv‡K mn‡hvwMZv Kwi‡Z eva¨ _vwK‡eb|
1
2
3
489
(5) cwi`k©‡bi wfwË‡Z cwi`k©K Kwgk‡bi wbKU wi‡cvU© `vwLj Kwi‡eb Ges cwi`k©b
ïiæ nBevi 60 (lvU) w`‡bi g‡a¨ D³ wi‡cvU© `vwLj Kwi‡Z nB‡e|
(6) Kwgkb cwi`k©b wi‡cvU© cÖvwßi 30 (wÎk) w`‡bi g‡a¨ Zvnv we‡ePbv Kwi‡e Ges
†Kvb gv‡P©›U e¨vsKvi ev †cvU©‡dvwjI g¨v‡bRvi †`vlx mve¨¯Í nB‡j Zvnvi
mvwU©wd‡KU evwZj ev ¯’wMZ Kwi‡Z cvwi‡et
Z‡e kZ© _v‡K †h, mswkøó gv‡P©›U e¨vsKvi ev †cvU©‡dvwjI g¨v‡bRvi‡K KviY
`k©vBevi hyw³msMZ my‡hvM bv w`qv Zvnvi mvwU©wd‡KU evwZj ev ¯’wMZ Kiv hvB‡e
bv|
1
(7) [Dc-wewa] (6) G hvnv wKQyB _vKzK bv †Kb, cwi`k©‡Ki wi‡cvU© we‡ePbvq
Awfhy³ †h †Kvb gv‡P©›U e¨vsKvi ev †cvU©‡dvwjI g¨v‡bRvi‡K Kwgkb AvBb I
GB 1[wewagvjvi] weavb cvjbK‡í cÖ‡qvRbxq wb‡`©k cÖ`vb Kwi‡Z cvwi‡e|
490
mßg Aa¨vq
mvwU©wd‡KU evwZj, ¯’wMZKiY, BZ¨vw`
33| mvwU©wd‡KU evwZj, ¯’wMZKiY, BZ¨vw`|- (1) wbgœewY©Z Kvi‡Y †Kvb gv‡P©›U e¨vsKvi ev
†cvU©‡dvwjI g¨v‡bRvi Gi mvwU©wd‡KU Kwgkb evwZj Kwi‡Z ev ¯’wMZ †NvlYv Kwi‡Z
cvwi‡e, h_v t-
(K) AvBb ev GB 1[wewagvjvi] †Kvb weavb ev mvwU©wd‡K‡Ui †Kvb kZ© f½KiY;
(L) Kwgk‡bi cÖ‡qvRb ev Pvwn`v †gvZv‡eK ev Kwgkb KZ…©K wba©vwiZ †Kvb Z_¨ ev
cÖwZ‡e`b mieivn bv Kiv ev mieiv‡n AKvi‡Y wej¤^ Kiv;
(M) Kwgk‡bi wbKU åvšÍ ev wg_¨v Z_¨ mieivn Kiv;
(N) GB 1[wewagvjvi] Aaxb wbhy³ cwi`k©‡Ki Z`‡šÍ cÖ‡qvRbxq mn‡hvwMZv bv Kiv;
(O) GB 1[wewagvjv] Øviv wba©vwiZ wd Kwgkb KZ…©K wba©vwiZ mgqmxgvi g‡a¨
cwi‡kva bv Kiv;
(P) GB 1[wewagvjvi] Aaxb AvPiY wewa gvb¨ bv Kiv;
(Q) gv‡P©›U e¨vsKvi ev †cvU©‡dvwjI g¨v‡bRvi KZ…©K ¯^xq `vwqZ¡ cvjb bv Kiv;
(R) Kwgkb hw` GB g‡g© mš‘yó nq †h †Kvb gv‡P©›U e¨vsKvi ev †cvU©‡dvwjI
g¨v‡bRvi wewb‡qvMKvix‡ì ¯^v‡_©i cwicš’x KvR K‡ib;
(S) •bwZK öjbRwbZ †`v‡l ev Ab¨ †Kvb Aciv‡a †Kvb Av`vjZ KZ…K
© kvw¯ÍcÖvß
nb;
(T) GB 1[wewagvjvq] D‡jøwLZ Ab¨vb¨ Kvi‡Y;
2
[Z‡e kZ© _v‡K †h, Dc-wewa (1) Gi weavb ¶zbœ bv Kwiqv Kwgkb Awfhy³ e¨w³‡K
AvB‡bi Aax‡b A_©`‡Û `wÛZ Kwi‡Z cvwi‡e|]
1
(2) [Dc-wewa] (1) G hvnv wKQyB _vKzK bv †Kb, mswkøó gv‡P©›U e¨vsKvi ev
†cvU©‡dvwjI g¨v‡bRv‡ii weiæ‡× M„nxZe¨ eë¯’vi Dci wjwLZfv‡e e³e¨ †ck
Kivi my‡hvM bv w`qv Ges Zvnvi weiæ‡× DÌvwcZ Awf‡hv‡Mi Dci we‡kl Z`šÍ
1
2
cÖwZ¯’vwcZ nBqv‡Q, hvnv GwcÖj 5, 2006Bs Zvwi‡L evsjv‡`k †M‡R‡U cÖKvwkZ|
491
bv KivBqv, 1[Dc-wewa (1) Gi Aaxb eë¯’v MÖnY] Kiv hvB‡e bv Ges GZ`y‡Ï‡k¨
AšÍZt 15 (cbi) w`‡bi mgq w`qv Zvnv‡K e³e¨ †ck Kivi my‡hvM w`‡Z nB‡e|
(3) mswkøó gv‡P©›U e¨vsKvi ev †cvU©‡dvwjI g¨v‡bRvi KZ…©K h_vmgq Zvnvi e³e¨
Dc¯’vcb Kiv nB‡j, Kwgkb Dnv Ges 1[Dc-wewa] (2) Gi Aaxb cÖvß Z`šÍ
wi‡cvU© we‡ePbv Kwi‡e Ges Awfhy³ gv‡P©›U e¨vsKvi ev †cvU©‡dvwjI g¨v‡bRvi‡K
e¨w³MZ ev cÖwZwbwai gva¨‡g ïbvbxi my‡hvM cÖ`vb Kwiqv 2[Dc-wewa (1) Gi
Aaxb] wm×všÍ MÖnY Kwi‡e Ges wm×všÍwU wjwLZfv‡e RvbvBqv w`‡e|
34| cybwe©‡ePbv|- (1) 1[wewa] 33 Gi Aaxb 3[A_©`Û,] Av‡`‡ki Øviv †Kvb gv‡P©›U e¨vsKvi
ev †cvU©‡dvwjI g¨v‡bRvi ms¶zä nB‡j, wZwb Av‡`‡ki Abywjwc cÖvwßi 15 w`‡bi g‡a¨
Kwgk‡bi wbKU cybwe©‡ePbvi Rb¨ Av‡e`b Kwi‡Z cvwi‡eb|
1
(2) [Dc-wewa] (1) Gi Aaxb cÖvß Av‡e`b Kwgkb we‡ePbv Kwi‡e Ges Dnvi Dci
Kwgk‡bi wm×všÍ PyovšÍ nB‡e|
1
2
3
492
Aóg Aa¨vq
AvPiY wewa
35| AviPY wewa|- (1) cÖ‡Z¨K gv‡P©›U e¨vsKvi-

(K) Zvnvi `vwqZ¡ cvjbKv‡j mZZv I wbôvi cwiPq cÖ`vb Kwi‡eb;
(L) kªg, hZœ I ¯^vaxb †ckvMZ wePvi we‡kølY Øviv mswkøó mKj‡K †mev I
civgk© cÖ`vb Kwi‡eb;
(M) Ab¨ †Kvb gv‡P©›U e¨vsKv‡ii ¯^v‡_©i cwicš’x ev Zvnvi `vwqZ¡ cvj‡b weNœ
m„wó Kwi‡Z cv‡i Ggb †Kvb e³e¨ cÖ`vb ev cÖwZ‡hvwMZvq wjß nB‡eb bv;
(N) Zvnvi g‡°‡ji Kv‡Q wb‡Ri †hvM¨Zv, `¶Zv I mvdj¨ m¤ú‡K© AwZiwÄZ
Z_¨ cwi‡ekb Kwi‡eb bv;
(O) Zvnvi g‡°‡ji †Kvb Z_¨ Kvnv‡iv wbKU cÖKvk Kwi‡eb bv;
(P) g‡°‡ji wmwKDwiwU m¤úwK©Z hveZxq welq †Mvcb ivwL‡eb;
(Q) wewb‡qvMKvix‡K Kwgkb KZ©„K wba©vwiZ cÖK…Z I ch©vß Z_¨ mieivn
Kwi‡eb Ges wewb‡qv‡Mi m¤¢ve¨ SzuwK m¤ú‡K© AewnZ Kwi‡eb;
(R) wewb‡qvMKvixi wbKU mswkøó cÖm‡c±vm, †g‡gv‡iÛvg Ges AvbylswMK I
cÖ‡qvRbxq KvMRcÎ mieivn wbwðZ Kwi‡eb;
(S) wewb‡qvMKvixi h_vh_ eivÏ cÖvwß Ges AwZwi³ Av‡e`bK…Z UvKv †dir
cÖ`vb wbwðZ Kwi‡eb;
(T) wewb‡qvMKvix‡ì †h †Kvb Awf‡hvM mwVKfv‡e Z`šÍ Kwi‡eb|
(2) cÖ‡Z¨K †cvU©‡dvwjI g¨v‡bRvi-

(K) wek¦¯ÍZvi mv‡_ g‡°‡ji A_© cwiPvjbv Kwi‡eb;
(L) g‡°‡ji †Ìqv mxgve×Zvi g‡a¨ wmwKDwiwUR †jb‡`b Kwi‡eb;
(M) g‡°‡ji A_© ev wmwKDwiwUR nB‡Z †Kvb myweav MÖnY Kwi‡eb bv;
(N) wewb‡qv‡Mi D‡Ï‡k¨ g‡°‡ji wbKU nB‡Z cÖvß A_© hZkxNÖ m¤¢e
wewb‡qvM eë¯’v Kwi‡eb Ges g‡°‡ji cvIbv A_© h_vmg‡q cwi‡kva
Kwi‡eb;
(O) kªg, hZœ I ¯^vaxb †ckvMZ wePvi Øviv mKj‡K wbi‡c¶fv‡e †mev I
civgk© cÖ`vb Kwi‡eb;
(P) Ab¨ †Kvb †cvU©‡dvwjI g¨v‡bRv‡ii ¯^v‡_©i cwicš’x ev Zvnvi `vwqZ¡
cvj‡b weNœ m„wó Kwi‡Z cv‡i Ggb †Kvb e³e¨ cÖ`vb ev cÖwZ‡hvwMZvq
wjß nB‡e bv;
(Q) Zvnvi g‡°‡ji Kv‡Q wb‡Ri †hvM¨Zv, `¶Zv I mvdj¨ m¤ú‡K© AwZwi³
Z_¨ cwi‡ekb Kwi‡eb bv;
493
(R) Zvnvi g‡°‡ji †Kvb Z_¨ Kvnv‡iv wbKU cÖKvk Kwi‡eb bv;
(S) †Kvb Pzw³‡Z DcbxZ nIqvi mgq g‡°‡ji wbKU nB‡Z wjwLZ weeiY
wb‡eb, hvnv‡Z wewfbœ †hŠ_ g~jabx †Kv¤úvbxi mwnZ Zvnvi mswkøóZvi
D‡jøL _vwK‡e;
(T) g‡°‡ji wmwKDwiwUR m¤úwK©Z hveZxq welq †Mvcb ivwL‡eb Ges
†Kv_vI cÖKvk Kwi‡eb bv;
(U) g‡°j‡K Kwgkb KZ…K © wba©vwiZ cÖK…Z I ch©vß Z_¨ mieivn Kwi‡eb
Ges wewb‡qv‡Mi m¤¢ve¨ SuywK m¤ú‡K© AewnZ Kwi‡eb;
(V) g‡°‡ji ¯^v‡_© wmwKDwiwUR n¯ÍvšÍi wbeÜxKi‡Yi D‡`¨vM MÖnY Kwi‡eb,
jf¨vsk I my` `vex I MÖnY Ges Ab¨vb¨ AwaKvi cÖ‡qvM Kwi‡eb;
(W) g‡°‡ji B”Qvbyhvqx wmwKDwiwUR cwieZ©‡bi D‡`¨vM MÖnY Kwi‡eb;
(X) wmwKDwiwU‡Ri wg_¨v evRvi m„wóKi‡Y mn‡hvwMZv Kwi‡eb bv;
(Y) ì KviPzwc ev wmwKDwiwU‡Ri ‡¶‡Î Ac-‡KŠkj cÖ‡qvM Kwi‡eb bv;
(Z) ÷K-‡eªvKvi, ÷K wWjvi ev cuywRevRv‡ii Ab¨ †Kvb ga¨ e¨w³‡K g~j¨
msµvšÍ ms‡e`bkxj Z_¨ mieivn Kwi‡eb bv;
(_) g‡°‡ji h_vh_ eivÏ cÖvwß Ges AwZwi³ Av‡e`bK…Z UvKv †dir cÖ`vb
wbwðZ Kwi‡eb;
(`) g‡°‡ji †h †Kvb Awf‡hvM mwVKfv‡e Z`šÍ Kwi‡eb;
(a) g‡°‡ji wbKU nB‡Z †Kvb Awf‡hvM nB‡j Dnv cÖvwßi GK gv‡mi g‡a¨
cÖwZKv‡ii eë¯’v Kwi‡eb|
1
(3) [Dc-wewa] (1) I (2) G DwjøwLZ AvPiY cvjb I gvb¨KiY QvovI, cÖ‡Z¨K
gv‡P©›U e¨vsKvi I †¶ÎgZ, †cvU©‡dvwjI g¨v‡bRvi Kwgkb KZ…©K, mgq mgq,
wba©vwiZ Ab¨vb¨ AvPiY wewa gvwbqv Pwj‡Z eva¨ _vwK‡eb|
2
[36| gvwR©b FY cÖ`vb|- cÖ‡Z¨K gv‡P©›U e¨vsKvi (†cvU©‡dvwjI g¨v‡bRvi), Dnvi g‡°j‡K
gvwR©b FY cÖ`v‡bi †¶‡Î, wb‡¤œi Zdwmj G DwjøwLZ wb‡`©kbv gvwbqv Pwj‡e|]
1
cÖÁvcb bs GmBwm/†iwRt/cÖt/gve¨v/2000/747,ZvwiL 24†k A‡±vei 2000Bs Gi gva¨‡g cÖ wZ¯’vwcZ nBqv‡Q
2
cÖÁvcb bs- GmBwm/wmGgAviAviwmwW/2006-159/cÖkvmb/01-29 ZvwiL 02 A‡±vei 2007 Bs Gi Øviv
cÖwZ¯’vwcZ nBqv‡Q, hvnv evsjv‡`k †M‡R‡U A‡±vei 11, 2007Bs Zvwi‡L cÖKvwkZ nBqv‡Q|
494
1
[beg Aa¨vq
eë¯’vcbv cwiPvj‡Ki/wmBIÕi wb‡qvM, eiLv¯Í, ¶gZv BZ¨vw`
37| eë¯’vcbv cwiPvj‡Ki/wmBIÕi wb‡qvM, eiLv¯Í BZ¨vw`|-(1) Kwgk‡bi c~e© Aby‡gv`b

mv‡c‡¶ cwiPvjbv cl©` GKRb c~Y© Kvjxb Òeë¯’vcbv cwiPvjK/wmBIÓ wb‡qvM Kwi‡e|
(2) eë¯’vcbv cwiPvjK/wmBI wnmv‡e wb‡qvMcÖvß e¨w³ †Kvb ÷K G·‡P‡Äi ev, ÷K
G·‡P‡Äi †Kvb m`‡mï ev, †Kvb m¤ú` eë¯’vcK †Kv¤úvwbi ev, †Kvb Bmy¨qvi
†Kv¤úvwbi ev, wmwKDwiwUR eëmvi m‡½ cÖZ¨¶ ev c‡iv¶ †Kvbfv‡eB RwoZ
nB‡Z cvwi‡eb bv| GKB m‡½ wZwb †Kvb gv‡P©›U e¨vsKv‡ii †kqvi‡nvìvi ev,
D‡`¨v³v ev, cwiPvjK wnmv‡e _vwK‡Z cvwi‡eb bv|
(3) eë¯’vcbv cwiPvjK/wmBI Gi Kvh©Kvj nB‡e 3 (wZb) eQi, hvnv Kwgk‡bi c~e©
Aby‡gv`bµ‡g bevqb Kiv hvB‡Z cv‡i;
Z‡e kZ© _v‡K †h, †Kvb e¨w³i eqm cqlwÆ ermi c~Y© nB‡j wZwb eë¯’vcbv
cwiPvjK/wmBI c‡` wbhy³ nBevi †hvM¨ nB‡eb bv ev eë¯’vcbv cwiPvjK/wmBI
c‡` envj _vwK‡eb bv|
(4) hw` eë¯’vcbv cwiPvjK/wmBI Zvnvi Dci Awc©Z `vwqZ¡ h_vh_fv‡e cvjb
Kwi‡Z e¨_© ev, †Kvb Am`vPi‡Yi ev •bwZK öj‡bi `v‡q †`vlx mve¨¯Í nb Zvnv
nB‡j cwiPvjbv cl©` Kwgk‡bi c~e© Aby‡gv`b mv‡c‡¶ Zvnv‡K eiLv¯Í ev
AcmviY (hvnv cÖ‡hvR¨) Kwi‡Z cvwi‡e| Z‡e GB ai‡bi wm×všÍ GZ`y‡Ï‡k¨
cwiPvjbv cl©‡ì we‡kl mfvq m`m¨‡ì Kgc‡¶ `yB Z…Zxqvs‡ki †fv‡U cvk
nB‡Z nB‡e;
Z‡e kZ© _v‡K †h, GB ai‡bi wm×všÍ †bIqvi c~‡e© Zvnv‡K hyw³ msMZ mgq
cÖ`vb mv‡c‡¶ mswkøó Awf‡hv‡Mi wel‡q Zvnvi wjwLZ I †gŠwLK e³e¨ cÖ`v‡bi
my‡hvM w`‡Z nB‡e|
(5) eë¯’vcbv cwiPvjK/wmBI c`Z¨vM Kwi‡Z Pvwn‡j 3 (wZb) gvm c~‡e© cwiPvjbv
cl©‡ì mfvcwZ eive‡i Av‡e`b †ck Ges Kwgkb‡K Dnvi Abywjwc cÖ`vb
Kwi‡eb|
(6) eë¯’vcbv cwiPvjK Gi c` ïb¨ _vwK‡j ev †Kvb Kvi‡Y wZwb `vwqZ¡ cvjb Kwi‡Z
Amg_© nB‡j mswkøó gv‡P©›U e¨vsKv‡ii cieZ©x DaŸ©Zb Kg©KZ©v eë¯’vcbv
cwiPvjK Gi AšÍe©Z©xKvjxb `vwqZ¡ cvjb Kwi‡eb|
1
cÖÁvcb bs-GmBwm/wmGgAviAviwmwW/2001-50/121/cÖkvmb/36 ZvwiL wW‡m¤î 20, 2011 Gi Øviv
ms‡hvwRZ nBqv‡Q|
495
(7) eë¯’vcbv cwiPvjK/wmBI Gi c` ïb¨ nIqvi cieZ©x 90 (beŸB) w`‡bi g‡a¨
hw` D³ c‡` wb‡qvM `vb Kwi‡Z cwiPvjbv cl©` e¨_© nq Z‡e Kwgkb
cÖ‡qvRb‡ev‡a Zr KZ„©K wba©vwiZ mg‡qi Rb¨ Dchy³ e¨w³‡K GB c‡` wb‡qvM
`vb Kwi‡Z cvwi‡e| Z‡e mswkøó †Kv¤úvwb Zvnvi †eZb-fvZvw` I Ab¨vb¨ myweav
eve` LiP enb Kwi‡e|
(8) Kwgkb mg‡q mg‡q cÖ‡qvR‡b eë¯’vcbv cwiPvj‡Ki/wmBIÕi †hvM¨Zv m¤ú‡K©
wb‡`©kbv Rvwi Kwi‡Z cvwi‡e;
Z‡e kZ© _v‡K †h, AvBwmwe Ges ivóªvqvË e¨vsK (h_v-†mvbvjx, iƒcvjx, RbZv I
AMÖYx e¨vsK wjt) mgy‡ni mvewmwWqvix †Kv¤úvwb wnmv‡e MwVZ gv‡P©›U e¨vsKv‡ii
eë¯’vcbv cwiPvj‡Ki/wmBIÕi wb‡qvM GB wewagvjvi AvIZv ewnf©yZ _vwK‡e|
38| eë¯’vcbv cwiPvjK/wmBI Gi ¶gZv|- (1) eë¯’vcbv cwiPvjK/wmBI mswkøó gv‡P©›U

e¨vsKv‡ii †¶‡Î wmwKDwiwUR evRvi m¤úwK©Z mKj AvBb, wewa, cÖwewa, wb‡`©kbv, Av‡`k,
Dc-AvBb ev mg‡q mg‡q Kwgkb ev cwiPvjbv cl©` KZ©„K RvwiK„Z wb‡`©kbv, Av‡`k mg~n
ev¯Íevqb Kwi‡eb;
Z‡e kZ© _v‡K †h, Kwgkb Ges cwiPvjbv cl©` KZ…K © RvwiK…Z †Kvb wb‡`©kbv ev Av‡`k
mvsNwl©K nB‡j ‡mB‡¶‡Î Kwgk‡bi wb‡`©kbv ev Av‡`k P~ovšÍ ewjqv we‡ewPZ nB‡e|
(2) eë¯’vcbv cwiPvjK/wmBI GB wewagvjvi cwicvjb Ges mswkøó gv‡P©›U e¨vsKv‡ii

Kg©KZ©v-Kg©Pvix‡ì Kvh©vejxi Z`viwK wbwðZ Kwi‡eb|
(3) cwiPvjbv cl©` KZ…K

© MwVZ mKj KwgwU‡Z eë¯’vcbv cwiPvjK/wmBI m`m¨
nB‡eb;
Z‡e kZ© _v‡K †h, eë¯’vcbv cwiPvjK/wmBI Gi weiƒ‡× †Kvb k„•Ljvg~jK eë¯’v
MÖn‡Yi D‡Ï‡k¨ MwVZ Z`šÍ KwgwU‡Z wZwb m`m¨ _vwK‡eb bv|
(4) †Kvb we‡kl cwiw¯’wZ‡Z eë¯’vcbv cwiPvjK/wmBI Zvnvi Dci Awc©Z nqwb Ggb
`vwqZ¡/¶gZv, cwiPvjbv cl©‡ì mfvcwZ Ges Kwgkb‡K GKBms‡M AewnZ KiZ
cvjb/cÖ‡qvM Kwi‡eb| Z‡e Dnv cwiPvjbv cl©‡ì cieZ©x mfvq Aby‡gv`b jvf
Kwi‡Z nB‡e|
(5) eë¯’vcbv cwiPvjK/wmBI cÖkvmwbK Kvh©vejx Ges mswkøó mKj AvBb, wewa-
weavb, Dc-AvBb, wb‡`©kbv ev Av‡`k cwicvj‡bi Dci Kwgk‡bi Pvwn`v Abyhvqx
Kwgk‡b Ges cwiPvjbv cl©‡` cÖwZ‡e`b `vwLj Kwi‡eb|]
496
dig ÔKÕ
gv‡P©›U e¨vsKvi mvwU©wd‡KU Gi Av‡e`b
(1[wewa] 4 `ªóe¨)
1| Av‡e`bKvixi bvg .............................................................
2| †hvMv‡hv‡Mi Rb¨ mswkøó e¨w³i bvg........................................
†Uwj‡dvb bs .......................... d¨v· bs .............................
3| Av‡e`bKvixi weeiY
(K) eëmv‡qi cÖavb ¯’vb/†Kv¤úvbxi wbeÜxK…Z Awdm
......................................................................................................
....................................................
†cv÷vj †KvW ...................... †Uwj‡dvb bs.....................
†U‡j· bs.......................... d¨v· bs .........................
(L) †hvMv‡hv‡Mi wVKvbv t ....................................................
................................................................................
†cv÷vj †KvW ...................... †Uwj‡dvb bs.....................
†U‡j· bs.......................... d¨v· bs .........................
(M) kvLv Awd‡mi wVKvbv t ...............................................
.............................................................................
4| mvsMVwbK KvVv‡gv t
(K) gv‡P©›U e¨vsKv‡ii KvR I `vwqZ¡
(PvU© mshy³ Kwi‡Z nB‡e)
(L) D‡Ïk¨
†g‡gv‡iÛvg I AvwU©‡Kj Ae G¨v‡mvwm‡qkb Gi Kwc mshy³ Kwi‡Z nB‡e
(M) cÖwZôvb wbeÜxKi‡Yi ¯’vb I ZvwiLt
w`b gvm ermi ¯’vb
(N) Av‡e`bKvixi AvBbMZt Ae¯’vb (status)
497
1
[Av‡e`bKvix] hw` ZvwjKvfy³ nq Zvnv nB‡j †h ÷K G·‡P‡Ä ZvwjKvfy³ †m
÷K G·‡P‡Äi bvg Ges me©‡kl †kqvi ì D‡jøL Kwi‡Z nB‡e|
2
(O) [cwiPvjK‡ì weeiYt
bvg †hvM¨Zv gv‡P©›U e¨vswKs I Av‡e`bK…Z/ Ab¨vb¨

Avw_©K †mev wel‡q †Kv¤úvbx‡Z Zvnvi †Kv¤úvbx‡Z
Kv‡Ri AwfÁZv †kqvi cwiPvjK
(P) cÖavb eë¯’vc‡Ki weeiYt

bvg †hvM¨Zv gv‡P©›U e¨vswKs‡q wb‡qv‡Mi cwiwa
AwfÁZv ZvwiL
(Q) mn‡hvMx ms¯’vi bvg I Kvh©vejx t
†Kv¤úvbx/ wVKvbv Kv‡Ri D‡`¨v³v I Av‡e`bKvix

dv‡g©i] bvg aib cwiPvjK‡ì †Kv¤úvbxi
¯^v‡_©i aiY ¯^v‡_©i aiY
5| eëmv welqK Z_¨ t

(K) BwZnvm, cÖavb NUbv Ges eZ©gvb Kg©KvÛ t
(L) gv‡P©›U e¨vswKs Kg©KvÛ AwfÁZvi we¯ÍvwiZ weeiY t
(M) Ab¨vb¨ Avw_©K †mev AwfÁZvi weeiY t
(N) MZ wZb erm‡i cwiPvwjZ Kg©KvÛ t
6| Bmy¨ eë¯’vcbv AwfÁZv t

g‡°‡ji Bmÿi Bmÿi Bmÿi KZ¸Y cÖavb eënvwiK
bvg aiY AvKvi ermi mvemµvBeW gv‡P©›U `vq-
nBqv‡Q e¨vsKv‡ii `vwqZ¡
bvg
1
cÖÁvcb bs- GmBwm/wmGgAviAviwmwW/2006-159/cÖkvmb-01/31, ZvwiL 16 Ryb 2008 Gi Øviv cÖwZ¯’vwcZ
nBqv‡Q, hvnv 20 RyjvB 2008 Zvwi‡L evsjv‡`k †M‡R‡U cÖKvwkZ nBqv‡Q|
2
cÖÁvcb bs- GmBwm/wmGgAviAviwmwW/2006-159/cÖkvmb-01/31, ZvwiL 16 Ryb 2008 Gi gva¨‡g
ÒAskx`viÓ, ÒgvwjKÓ, Òdvg©Ó kã¸wj evwZj Kiv nBqv‡Q, hvnv 20 RyjvB 2008 Zvwi‡L evsjv‡`k †M‡R‡U
cÖKvwkZ nBqv‡Q|
498
7| wewb‡qvM Dc‡`óv wnmv‡e AwfÁZvt
g‡°‡jibvg mgqKvj cÖ`Ë †mevi aib
8| AewjLb (AvÛviivBwUs) Gi AwfÁZvt
g‡°‡ji Bmyï Bmyï aiY AewjwLZ AewjL‡bi AewjL‡bi

bvg ermi I AvKvi UvKvi cwigvY kZKiv nvi AwR©Z
AwfÁZv
9| †cvU©‡dvwjI eë¯’vcbv AwfÁZvt
¯‹x‡gi bvg ¯‹x‡gi g‡°‡ji msL¨v †gvU eë¯’vcbvK…Z MocoZv

•ewkó¨ dv‡Ûi cwigvY gybvdv
10| Ki‡cv‡iU/Dc‡`óv wnmv‡e AwfÁZvt
g‡°‡ji Bmyï Bmyï aiY cÖ`Ë †mevi cÖavb gv‡P©›U e¨vsKv‡ii

bvg ermi I AvKvi aib bvg
11| Ab¨vb¨ wmwKDwiwUR eëmv m¤úwK©Z AwfÁZv t

eëmvi aib cÖ`Ë †mevi mgqKvj cÖ`Ë †mevi aib
12| g‡°j welqK Z_¨ t

cÖavb g‡°‡ji bvg I wVKvbv
bvg cÖ`Ë †mevi aiY
13| hw` Av‡e`bKvix cÖ_gev‡ii gZ gv‡P©›U e¨vswKs eëmv‡q RwoZ nB‡Z Pvq, Zvnv nB‡j
g~j eë¯’vcbv Kg©KZ©v‡ì AwfÁZv D‡jøL Kwi‡Z nB‡e t
g~j eë¯’vcbv wk¶vMZ cÖv³b c` gv‡P©›U e¨vswKs eëmv‡q

Kg©KZv©‡ì bvg †hvM¨Zv c~e© AwfÁZv
14| hw` Av‡e`bKvix cÖ_gev‡ii gZ gv‡P©›U e¨vswKs eëmv‡q RwoZ nB‡Z Pvq, Zvnv nB‡j
†Kv¤úvbxi eëmvi cwiKíbv, cwiKwíZ eëmvi weeiY Ges Av‡qi D‡jøL Kwi‡Z nB‡e
t
15| †fŠZ myweavw` †hgb Kw¤úDUvi, BKzBwU M‡elYv I WvUv‡em hvnv Av‡e`bKvixi Kv‡Q
Av‡Q Zvnvi D‡jøL Kwi‡Z nB‡e t
499
16| Av‡e`bKvixi cÖ`Ë †mevi mv‡_ m¤úwK©Z Ab¨vb¨ AvbylswMK Z_¨|
17| Avw_©K Z_¨
18| g~jab KvVv‡gv
(jvL UvKvq)
PjwZ erm‡ii GK ermi c~‡e©i c~‡e©i ermi PjwZ ermi

ermi
(K) cwi‡kvwaZ g~jab

(L) wd« wiRvf© (wif¨vjy‡qkb wiRvf© Qvov)
(M) †gvU (K)+(L)
†bvUt 1[1 I 2]
19| m¤ú` ms¯’vbt
PjwZ erm‡ii GK ermi c~‡e©i c~‡e©i ermi PjwZ ermi
ermi
(jvL UvKvq)
(K) w¯’i m¤ú`
(L) cøv›U, †gwkbvix Ges Ab¨vb¨ hš¿cvwZ
(M) D‡jøwLZ (Quoted) wewb‡qvM
(N) Aby‡jøwLZ (Unquoted) wewb‡qvM
(O) Zij m¤ú‡ì weeib
(P) Ab¨vb¨
(‡Kvb mn‡hvMx cÖwZôv‡bi wbKU nB‡Z wewb‡qvM, FY I AwMÖg †bIqv nB‡j Ges †mLv‡b
†Kv¤úvbxi D‡`¨v³v‡ì/cwiPvjK‡ì †Kvb ¯^v_© _vwK‡j Zvnvi D‡jøL Kwi‡Z nB‡e)|
20| Av‡qi cÖavb Drmmg~n t
(jvL UvKvq)
PjwZ erm‡ii GK c~‡e©i PjwZ Bmÿi kZKiv wnmv‡e wd
ermi c~‡e©i ermi ermi ermi
1
cÖÁvcb bs- GmBwm/wmGgAviAviwmwW/2006-159/cÖkvmb-01/31, ZvwiL 16 Ryb 2008 Gi Gi gva‡g evwZj
Kiv nBqv‡Q, hvnv 20 RyjvB 2008 Zvwi‡L evsjv‡`k †M‡R‡U cÖKvwkZ nBqv‡Q|
500
(K) Bmy¨ eë¯’vcbv
(L) AewjLb (AvÛviivBwUs)
(M) †cvU©‡dvwjI eë¯’vcbv
(N) wewb‡qvM Dc‡`óv
(O) Ab¨vb¨
* GK Bmÿ nB‡Z Ab¨ Bmÿ‡Z gv‡P©›U e¨vsKv‡ii wd-Gi cv_©K¨ nB‡Z
cv‡i, Z‡e †m‡¶‡Î wd-Gi †iÄ D‡jøLKwi‡Z nB‡e|
†bvUt AbyMÖnc~e©K wZb eQ‡ii avivevwnK wbix¶vK…Z evwl©K wnmve weeiYx mshy³ Kiæb|
wbix¶v Kiv nq bvB Ggb weeiYx †ck Kwi‡j, KviY cÖ`k©b Kiæb| hw` wbix¶vK…Z
evwl©K wnmv‡e b¨~bZg bxU cyuwR bv _v‡K Zvnv nB‡j cieZ©x wbix¶vK…Z evwl©K wnmve
weeiYx `vwLj Kwi‡Z nB‡e|
21| cÖavb †kqvi‡nvìvi‡ì ZvwjKv (hvnviv 5% Ges †ekx †kqv‡ii gvwjK Zvnviv Ges
Zvnv‡ì mn‡hvMx) ïaygvÎ wjwg‡UW †Kv¤úvbxi †¶‡Î cÖ‡hvR¨|
†kqvi‡nvwìs-Gi ZvwiLt---------------------------------------
†kqvi‡nvìv‡ii bvg †kqvi msL¨v †Kv¤úvbxi g~jab
22| Av‡e`bKvixi cÖavb e¨vsKv‡ii bvg I wVKvbvt
23| wbix¶‡Ki bvg I wVKvbvt
24| Ab¨vb¨ Z_¨
25| gxgvswmZ I AgxgvswmZ mKj we‡iv‡ai weeiYt
we‡iv‡ai aiY c‡¶i bvg AgxgvswmZ/gxgvswmZ
26| Av‡e`bKvix, †Kvb cwiPvjK A_ev †Kvb cÖavb eë¯’vcK MZ wZb erm‡ii g‡a¨ A_©-
msµvšÍ †Kvb Awf‡hv‡M Awfhy³ ev RwoZ nBqv _vwK‡j Zvnvi weeiY t
501
†NvlYvcÎ
GB †NvlYv Aek¨B `yBRb cwiPvjK 1[ * ] KZ…©K ¯^v¶wiZ nB‡e|
Avwg/Avgiv GB g‡g© wbeÜxKi‡Yi Rb¨ ìLv¯Í Kwi‡ZwQ| Avwg/ Avgiv wbðqZv w`‡ZwQ
†h, Avwg/Avgiv mwZ¨Kvi I c~Y©v½fv‡e Dc‡iv³ cÖkgœ vjvi DËi `vb KwiqvwQ Ges
Avgvi/Avgv‡ì wbeÜxKi‡Yi D‡Ï‡k¨ mKj cÖvmw½K Z_¨ cÖ`vb KwiqvwQ|
Avwg/Avgiv †NvlYv Kwi‡ZwQ †h, GB Av‡e`b c‡Î ewY©Z Z_¨vejx c~Y©v½ Ges mZ¨|
Av‡e`bKvix wb‡R A_ev Zvnvi c‡¶ ...................................
(Av‡e`bKvixi bvg)
......................................... ........................................
cwiPvjK/Askx`vi A_ev cwiPvjK/Askx`vi A_ev
e¨w³gvwjK e¨w³gvwjK
bvg (eo nv‡Zi A¶i) bvg (eo nv‡Zi A¶i)
......................................... ........................................
ZvwiL................................ ZvwiL................................
dig c~i‡Yi Rb¨ wb‡`©kvejx t

1| Av‡e`b c~Y©v½ nB‡Z nB‡e|
2| mswkøó 2[wewagvjvi] weavb Abymi‡Y Av‡e`b c~iY Kwi‡Z nB‡e|
3| Am¤ú~Y© Av‡e`b we‡ePbv Kiv nB‡e bv|
4| Av‡e`‡bi Reve UvBcK…Z nB‡Z nB‡e|
5| Av‡e`‡bi mwnZ `vwLjZe¨ Z_¨ Avjv`vfv‡e mshy³ Kwi‡Z nB‡e|
6| Av‡e`‡b me ¯^v¶i g~j ¯^v¶i nB‡Z nB‡e|
1
2
502
dig-ÔLÕ
gv‡P©›U e¨vsKvi wbeÜb mvwU©wd‡KU
[1(wewa) 7 `ªóe¨]
wmwKDwiwUR I G·‡PÄ Kwgkb AvBb, 1993 (1993 m‡bi 15 bs AvBb) G cÖ`Ë ¶gZve‡j
wmwKDwiwUR I G·‡PÄ Kwgkb ........................................ †K Bmÿ g¨v‡bRvi/Ae‡jLK/
†cvU©‡dvwjI g¨v‡bRvi-Gi Kg©KvÛ cwiPvjbv Kivi Rb¨ AÎ gv‡P©›U e¨vsKvi wbeÜb mvwU©wd‡KU
cÖ`vb Kwij|
wmwKDwiwUR I G·‡PÄ Kwgkb (gv‡P©›U e¨vsKvi I †cvU©‡dvwjI g¨v‡bRvi) 1[wewagvjv], 1996
Gi weavb Abyhvqx evwZj ev ¯’wMZ bv Kiv ch©šÍ GB mvwU©wd‡KU ejer _vwK‡e|
1
[wbeÜb mvwU©wd‡K‡Ui kZ©vejx
1| mvwU©wd‡KU cÖvcK GB wbeÜb mvwU©wd‡KU weµq, `vb, eÜK, jxR ev Ab¨ †Kvbfv‡e
n¯ÍvšÍi ev `vqe× Kwi‡Z wKsev Ab¨ Kvnv‡KI GB mvwU©wd‡K‡Ui Aax‡b Dnvi Kvh©µg
Kwi‡Z w`‡Z cvwi‡ebv, Ges Ab¨ †Kn GB mvwU©wd‡K‡Ui Aaxb D³iƒc Kvh©µg Kwi‡Z
cvwi‡e bv|
2| g~j wbeÜb mvwU©wd‡KU A_ev Bnvi mZ¨vwqZ Kwc mvwU©wd‡KU cÖvß cÖwZôv‡bi cÖavb
Kvh©vj‡q me©mvavi‡Yi Ae‡jvK‡bi Rb¨ `k©bxqfv‡e ¯’vcb Kwi‡Z nB‡e|
3| wbeÜb mvwU©wd‡KU Bmÿi ZvwiL nB‡Z AbwaK 6(Qq) gv‡mi g‡a¨ D³ cÖwZôvb KZ©„K
eëmvwqK Kvh©µg ïiæ Kwi‡Z nB‡e, Ges GB Kvh©µg ïiæ Kivi 7(mvZ) w`‡bi g‡a¨
wmwKDwiwUR I G·‡PÄ Kwgkb‡K welqwU wjwLZfv‡e AewnZ Kwi‡Z nB‡e|
4| wbeÜb mvwU©wd‡KU Av‡jvP¨ cÖwZôv‡bi eZ©gvb wbewÜZ wVKvbvq BmÿK…Z nB‡jI GKB
wVKvbvq A_ev Aci †Kvb wVKvbvq D³ cÖwZôv‡bi gv‡P©›U e¨vsKvi Kvh©µg cwiPvjbvi
Rb¨ eëmvwqK Kvh©vjq ev cÖavb kvLv (†h bv‡gB AwfwnZ Kiv nDK bv †Kb) ¯’vcb
Kwievi c~‡e© Kwgk‡bi Aby‡gv`b MÖnb Kwi‡Z nB‡e|
5| Bmÿ g¨v‡bRvi/†cvU©‡dvwjI g¨v‡bRvi/gv‡P©›U e¨vsKvi Dnvi Kvh©µg cwiPvjbvi Rb¨
bZzb kvLv †Lvjv A_ev kvLv ¯’vbvšÍ‡ii cÖ¯Íve, Av‡jvP¨ cÖwZôv‡bi cwiPvjbv cl©‡ì
Aby‡gv`bmn, Kwgk‡bi c~e©vby‡gv`‡bi Rb¨ `vwLj Kwi‡Z nB‡e|
6| GB wbeÜb mvwU©wd‡KU Bmÿi ZvwiL nB‡Z cieZ©x 3(wZb) erm‡ii g‡a¨ Av‡jvP¨
cÖwZôv‡bi D‡`¨v³v cwiPvjKMY KZ©„K aviYK…Z BKz¨BwU †kqvi n¯ÍvšÍi Kiv hvB‡e
bv| Z‡e kZ© _v‡K †h, e¨vsK, Avw_©K cÖwZôvb I BÝÿ‡iÝ †Kv¤úvbx BZ¨vwì †¶‡Î
Zv‡ì cÖv_wgK wbqš¿bKvix KZ©„c¶ KZ©„K Av‡ivcxZ jKBb (Lock-in), A_©vr
Dnv‡ì D‡`¨v³v/cwiPvjKMY KZ©„K aviYK…Z BKz¨BwU †kqvi 3(wZb) eQ‡ii g‡a¨
1
cÖÁvcb bs GmBwm/wmGgAviAviwmwW/2006-159/cÖkvmb-01/28, ZvwiL, 5 GwcÖj 2007 Gi gva¨‡g
mwbœ‡ewkZ nBqv‡Q hvnv evsjv‡`k †M‡R‡U †g 30, 2007 Zvwi‡L cÖKvwkZ nBqv‡Q|
503
n¯ÍvšÍi bv Kivi weavb B‡Zvg‡a¨ Kvh©Ki nBqv _vwK‡j wKsev Dnv Kvh©Kixi ch©v‡q
_vwK‡j mswkøó gv‡P©›U e¨vs‡Ki Rb¨ bZzb Kwiqv jKBb Av‡ivc cÖ‡hvR¨ nB‡e bv|
7| Bmÿ g¨v‡bRvi/†cvU©‡dvwjI g¨v‡bRvi/gv‡P©›U e¨vsKvi Gi †Kvb D‡`¨v³v/cwiPvjK,
Askx`vi/¯^Z¡vwaKvix A_ev cÖwZôvbwU ¯^qs †Kvb ÷K G·‡PÄ Gi wWjvi/†eªvKvi
wnmv‡e wb‡qvwRZ _vwK‡Z cvwi‡e bv|
8| ‡Kvb e¨vsK ev Avw_©K cÖwZôvb hw` gv‡P©›U e¨vsKvi wnmv‡e Kg©iZ _v‡K †m‡¶‡Î Dnvi
gv‡P©›U e¨vswKs BDwbU Gi Rb¨ c„_K wnmve ewn msi¶Y Kwi‡Z nB‡e| D³ wnmve
ewn/Avw_©K weeiYx‡Z gv‡P©›U e¨vswKs Kvh©µ‡gi my®úó cÖwZdjb _vwK‡Z nB‡e|
mg~`q Avw_©K weeiYx GKwU PvUvW© GKvD‡›U›U cÖwZôvb KZ©„K wbixw¶Z nB‡Z nB‡e
Ges GB g‡g© cÖZ¨vqbK…Z nB‡Z nB‡e †h Av‡jvP¨ Avw_©K weeiYxi †¶‡Î wmwKDwiwUR
I G·‡PÄ Kwgkb Ges mswkøó Ab¨vb¨ KZ©„c¶ KZ©„K wewfbœ mg‡q RvixK…Z weavbvejx
h_vh_fv‡e cwicvwjZ nBqv‡Q|
9| wbeÜb mvwU©wd‡KU cÖvß cÖwZôv‡bi msN-¯§viK I msN wewa Z_v Dnvi MVbZ‡š¿ hvnvB
_vKzK bv †Kb †jUvi Ae B‡›U›U G DwjøwLZ kZ©vejx, Securities and Exchange
Ordinance, 1969. wmwKDwiwUR I G·‡PÄ Kwgkb AvBb, 1993, wWcwRUwi
AvBb, 1999 Ges wmwKDwiwUR I G·‡PÄ Kwgkb (gv‡P©›U e¨vsKvi I †cvU©‡dvwjI
g¨v‡bRvi) wewagvjv, 1996 Gi Aaxb mKj aviv, Dc-aviv I wewa-weavb Ges D³
AvBb, Ordinance Ges wewagvjvi Aax‡b mgq mgq RvixK…Z GZ`msµvšÍ mKj
kZ© I wb‡`©kvejx GB wbeÜb mvwU©wd‡KU cÖvcK KZ©„K h_vh_fv‡e cwicvjb
eva¨Zvg~jK|
10| wbeÜb mvwU©wd‡KU cÖvß cÖwZôv‡bi msN-wewa wKsev MVbZ‡š¿ gv‡P©›U e¨vsK msµvšÍ
†Kvb aviv ev Dc-avivi cwieZ©b/cwiea©‡bi c~‡e© wmwKDwiwUR I G·‡PÄ Kwgk‡bi
AbvcwË cÎ MÖnY Kwi‡Z nB‡e|
1
[11| Bmy¨ g¨v‡bRvi, †cvU©‡dvwjI g¨v‡bRvi, gv‡P©›U e¨vsKvi Zvnv‡ì Rb¨ cÖ‡hvR¨ wb‡¤œv³
Kvh© Aek¨B m¤úv`b Kwi‡e, h_vt-
(K) Bmy¨ g¨v‡bRvi KZ©„K avivevwnK c~Y© `yBwU Bs‡iRx cwÄKv erm‡i (hvnv 1 Rvbyqvwi
2010 nB‡Z MYbv Kiv nB‡e) cyuwR evRv‡i Avbq‡bi Rb¨ b~¨bZg 1 (GK)wU
cvewjK Bmyï `vwjwjK (documented) cÖ¯Íve Kwgk‡b `vwLj Kiv|
(L) †cvU©‡dvwjI g¨v‡bRvi KZ©„K cÖwZ Bs‡iRx cwÄKv erm‡i wbR¯^ †cvU©‡dvwjIÕi
AwZwi³ b~¨bZg 5(cuvP)wU bZzb g‡°‡ji †cvU©‡dvwjI MVb Kiv|
1
cÖÁvcb bs GmBwm/wmGgAviAviwmwW/2006-159/cÖkvmb-01-39 ZvwiL 20 GwcÖj, 2009 Gi Øviv cÖwZ¯’vwcZ
nBqv‡Q, hvnv †g 18, 2009Bs Zvwi‡L evsjv‡`k †M‡R‡U cÖKvwkZ nBqv‡Q|
504
(M) gv‡P©›U e¨vsKvi KZ©„K cÖwZ Bs‡iRx cwÄKv erm‡i wbR¯^ †cvU©‡dvwjIÕi AwZwi³
5(cvuP) wU bZzb g‡°‡ji †cvU©‡dvwjI MVb Ges avivevwnK c~Y© `yBwU Bs‡iRx
cwÄKv erm‡i (hvnv 1 Rvbyqvwi 2010 nB‡Z MYbv Kiv nB‡e) cyuwR evRv‡i
Avbq‡bi Rb¨ b~¨bZg 1 (GK)wU cvewjK Bmyï `vwjwjK (documented)
cÖ¯Íve Kwgk‡b `vwLj Kiv |]|
wmwKDwiwUR I G·‡PÄ Kwgkb Gi Av‡`kµ‡g

¯’vbt
ZvwiLt
505
dig-ÔMÕ
1
( [wewa] 17 `ªóe¨)
†cvU©‡dvwjI g¨v‡bRvi-Gi mvwU©wd‡KU Gi Av‡e`b cÎ
1| Av‡e`bKvixi bvgt--------------------------------------------
2| †hvMv‡hv‡Mi Rb¨ mswkøó e¨w³i bvgt---------------------------
†Uwj‡dvb bs-------------------------------------------------
d¨v· bst-----------------------------------------------------
3| Av‡e`bKvixi weeiYt
(K) eëmvi cÖavb ¯’vb/†iwR÷vW© Awdm-------------------------------------------
-----------------------------------------
†cv÷vj †KvW----------------------------------------------†Uwj‡dvbbs------
-----------------------------------------
†U‡j· bs------------------------------------------------ d¨v· bs----------
----------------------------------------
(L) †hvMv‡hv‡Mi Rb¨ wVKvbv-----------------------------------------------------
----------------------------------------------------------------------------
------------------------------------ †cv÷vj †KvW -------------------------
---------------- †Uwj‡dvb bs----------------------------------
†U‡j· bs------------------------------------------------ d¨v· bs----------
---------------------------------------
kvLv Awd‡mi wVKvbv t ------------------------------------
4| mvsMVwbK KvVv‡gv t
(K) †cvU©‡dvwjI g¨v‡bRv‡ii KvR I `vwqZ¡ (PvU© mshy³ Kwi‡Z nB‡e)|
(L) msw¶ßfv‡e D‡Ïk¨
(†g‡gv‡iÛvg Ges AvwU©‡Kj Ae G¨v‡mvwm‡qkb mshy³ Kwi‡Z nB‡e)|
(M) cÖwZôvb wbeÜxKi‡Yi mb I ZvwiL
w`b gvm ermi ¯’vb
(N) Av‡e`bKvixi AvBbMZt Ae¯’vb (status)
506
1
[Av‡e`bKvix] hw` ZvwjKvfy³ nq, Zvnv nB‡j †h ÷K GK‡P‡Ä ZvwjKvfy³ †m
÷K G·‡P‡Äi bvg I me©‡kl †kqvi ì D‡jøL Kwi‡Z nB‡e)|
(O) cwiPvjK/Askx`vi/gvwjK Ges gyL¨ eë¯’vcbv Kg©KZ©v‡ì weeiYt
(P) mn‡hvMx ms¯’vi bvg I Kvh©vejxt
†Kv¤úvbxi/ wVKvbv/ Kv‡Ri gvwjKvbv Avw_©K D‡`¨v³v/ Av‡e`bKvix

dv‡g©i bvg †dvb bs aiY e„ËvšÍ eë¯’vcbvi cwiPvjK‡ì †Kv¤úvbxi
aib I ¯^v‡_©i aib ¯^v‡_©i aib
cwigvY
5| eëmv welqK Z_¨ t

(K) BwZnvm, cÖavb NUbv, eZ©gvb Kv‡Ri ZvwjKv
(L) cÖ¯ÍvweZ eëmv cwiKíbv Ges Zvnv AR©‡bi Dcvq
(M) AbywgZ jvf (cieZ©x wZb eQi) †fŠZ j¶¨, j¶¨ AR©‡bi Kg© cwiKíbv,
cÖZ¨vwkZ Avq|
6| Avw_©K Z_¨ t
7| g~jab KvVv‡gv t
(jvL UvKvq)
PjwZ erm‡ii GK ermi c~‡e©i c~‡e©i PjwZ ermi
ermi ermi
(K) cwi‡kvwaZ g~jab (Paid up capital)
(L) wd« wiRvf© (wif¨vjy‡qkb wiRvf© Qvov)
(M) †gvU (K)+(L)
†bvUt 2[1. I 2.]

8| m¤ú` ms¯’vbt
(jvL UvKvq)
ermi ermi
1
cÖÁvcb bs- GmBwm/wmGgAviAviwmwW/2006-159/cÖkvmb-01/31, ZvwiL 16 Ryb 2008 Gi Gi Øviv
cÖwZ¯’vwcZ nBqv‡Q, hvnv 20 RyjvB 2008 Zvwi‡L evsjv‡`k †M‡R‡U cÖKvwkZ nBqv‡Q|
2
507
(K) w¯’i m¤ú`
(L) cøv›U, †gwkbvix I Awdm hš¿cvwZ
(M) wewb‡qvM (we¯ÍvwiZ c„_K fv‡e w`‡Z nB‡e)
(N) Ab¨vb¨
9| cÖ`vb Av‡qi Drmmg~nt
(jvL UvKvq)
ermi ermi
10| bxU jvft
(jvL UvKvq)
ermi ermi
11| cÖavb e¨vsKviM‡bi bvg I wVKvbv
12| wbix¶‡Ki bvg I wVKvbv
13| Ab¨vb¨ Z_¨
14| mKj gxgvswmZ I AgxgvswmZ we‡iv‡ai weeiY t
we‡iv‡ai aib c‡¶i bvg AgxgvswmZ/gxgvswmZ

15| A_© I wmwKDwiwUR msµvšÍ cÖZviYv, wek¦vmfsM, RvwjqvwZ, wg_¨v cÖwZ‡e`b, Nyl,
Aceënvi I KviPzwcg~jK Aciv‡a `wÛZ ev hy³ _vwK‡j Dnvi eY©bv|
16| †Kvb ÷K G·‡PÄ ev Ab¨ †Kvb KZ©„c¶ KZ©„K †Ljvcx ev ¯’wMZ †NvwlZ nBqv‡Q Ggb
†Kvb gva¨‡gi mv‡_ eëmv _vwK‡j Dnvi eY©bv|
17| ‡Kv¤úvbx KZ©„K m¤úvw`Z Ab¨ †Kvb Kv‡Ri cÖvmw½K weeiY|
18| eëmv Z_¨t
(K) cÖ¯ÍvweZ ev Pjgvb Kv‡Ri weeiY|
(L) †cvU©‡dvwjI wewb‡qv‡Mi wm×všÍ MÖn‡Yi myweavwì eY©bv|
508
(M) MZ eQ‡ii †cvU©‡dvwjI eë¯’vcbvi weeiY Ges AvMvgx eQ‡ii cÖ¯ÍvweZ
†cvU©‡dvwjI eë¯’vcbvi weeiY (g‡°‡ji mv‡_ †cvU©‡dvwjI eë¯’vcbv Pzw³i
GKwU bgybv Kwc mshy³ Kiæb)|
(N) Aby‡gvw`Z ÷K-‡eªvKvi‡ì ZvwjKv hvnviv †cvU©‡dvwjI eë¯’vcbv Kg©Kv‡Û Ask
wbqvwQ‡jb Zvnv‡ì †KD †Kvb- ÷K G·‡PÄ KZ…©c¶ KZ…©K †Ljvcx ev ¯’wMZ
†NvwlZ nBqv _vwK‡j Zvnvi weeiY|
(O) g‡°j I ¯‹xgwfwËK †cvU©‡dvwjI eë¯’vcbv †mevi wnmve c×wZ|
(P) wewfbœ M‡elYv I WvUv‡eBm myweavwì weeiY|
19| AwfÁZvt
(K) †cvU©‡dvwjI eë¯’vcbv Kv‡R AwfÁZv, mg‡qi D‡jøLmn|
(L) Ab¨vb¨ Avw_©K †mev Kvievi msµvšÍ Kv‡Ri AwfÁZv (mgq, cwiwa (scope),
KvR ïiæi ZvwiLmn)
(M) MZ erm‡i m¤úvw`Z eëmvt
509
†NvlYvcÎ
1
GB †NvlYv Aek¨B `yBRb cwiPvjK [*] KZ…©K ¯^v¶wiZ nB‡e|
Avwg/Avgiv GB g‡g© wbeÜxKi‡Yi Rb¨ ìLv¯Í Kwi‡ZwQ| Avwg/Avgiv wbðqZv w`‡ZwQ †h,
Avwg/Avgiv mwZ¨Kvi I c~Y©v½fv‡e Dc‡iv³ cÖkgœ vjvi DËi `vb KwiqvwQ Ges Avgvi/Avgv‡ì
wbeÜxKi‡Yi D‡Ï‡k¨ mKj cÖvmw½K Z_¨ cÖ`vb KwiqvwQ|
Av‡e`bKvix wb‡R A_ev Zvnvi c‡¶ ..............................................
(Av‡e`bKvixi bvg)
......................................... ........................................
cwiPvjK/Askx`vi A_ev cwiPvjK/Askx`vi A_ev
e¨w³gvwjK e¨w³gvwjK
bvg (eo nv‡Zi A¶i) bvg (eo nv‡Zi A¶i)
......................................... ........................................
ZvwiL................................ ZvwiL................................
dig c~i‡Yi Rb¨ wb‡`©kvejxt

1| Av‡e`b c~Y©v½ nB‡Z nB‡e|
2| mswkøó 2[wewagvjvi] weavb Ab~mi‡Y Av‡e`b c~iY Kwi‡Z nB‡e|
3| Am¤ú~Y© Av‡e`b we‡ePbv Kiv nB‡e bv|
4| Av‡e`‡bi Reve UvBcK…Z nB‡Z nB‡e|
5| Av‡e`‡bi mwnZ `vwLjZe¨ Z_¨ Avjv`vfv‡e mshy³ Kwi‡Z nB‡e|
6| Av‡e`‡b me ¯^v¶i g~j ¯^v¶i nB‡Z nB‡e|
1
2
510
1
[Zdwmj
[wewa36 `ªóe¨]
gvwR©b FY cª`vb msµvšÍ wb‡`©kbv
1| gvwR©b FY GKvD›U (Margin Loan Account)|-(K) gv‡P©›U e¨vsKvi

(†cvU©‡dvwjI g¨v‡bRvi) MÖvn‡Ki bv‡g gvwR©b FY wnmve Lywj‡e|
(L) gvwR©b FY wnmve Discretionary I Non-discretionary nB‡Z
cvwi‡e|
(M) Discretionary wnmve ewj‡Z †mB wnmve‡K eySvB‡e †h †¶‡Î gv‡P©›U
e¨vsKvi (†cvU©‡dvwjI g¨v‡bRvi) I MÖvn‡Ki g‡a¨ m¤úvw`Z Pzw³ †gvZv‡eK
MÖvnK Zvnvi c‡¶ wewb‡qvM Kvh©µgmn gvwR©b FY wnmve cwiPvjbvi Rb¨
gv‡P©›U e¨vsK‡K (†cvU©‡dvwjI g¨v‡bRvi) mvwe©K KZ…Z© ¡ cÖ`vb K‡i Ges
Non-discretionary wnmve ewj‡Z †mB wnmve‡K eySvB‡e †h †¶‡Î
gv‡P©›U e¨vsKvi (†cvU©‡dvwjI g¨v‡bRvi) I MÖvn‡Ki g‡a¨ m¤úvw`Z Pzw³
†gvZv‡eK MÖvnK m¤ú~Y© wb‡Ri B”Qvaxb wewb‡qvM Kvh©µgmn gvwR©b FY
wnmve cwiPvjbv K‡i|
(N) cÖwZwU gvwR©b FY wnmv‡ei †¶‡Î MÖvnK wbR bv‡g GKwU Ges Ab¨ MÖvn‡Ki
mv‡_ ‡hŠ_bv‡g GKwU wnmve Lywj‡Z cvwi‡e| Dfq wnmve Gi g‡a¨ AvšÍt
Znwej ¯’vbvšÍi Kiv hvB‡e, Z‡e †Kvb wmwKDwiwU (Ro ev ARo)
AvšÍ:¯’vbvšÍi Kiv hvB‡e bv|
(O) gvwR©b FY wnmve cwiPvjbvi SuzwK GKvšÍB MÖvn‡Ki| G†¶‡Î cÖZ¨¶ ev

c‡iv¶fv‡e c~e© wba©vwiZ †Kvb Avq cÖvwßi wbðqZv _vwK‡Z cvwi‡e bv t
Z‡e kZ© _v‡K †h, gv‡P©›U e¨vsKvi (†cvU©‡dvwjI g¨v‡bRvi) wbR¯^ cÖwZôv‡bi
cwiPvjK cl©‡ì m`m¨, eë¯’vcbvq wb‡qvwRZ Kg©KZ©v I Kg©Pvix, Zvnv‡ì wcZv,
gvZv, ¯^vgx, ¯¿x, cyÎ, Kb¨v, fvB, †evb, RvgvZv, cyÎea~ Ges Kwgkb KZ©…K mgq mgq
wb‡`©wkZ Ab¨vb¨ AvZ¥xq‡K gvwR©b FY myweav cÖ`vb Kwi‡Z cvwi‡e bv|
2| `wjjvw` m¤úv`b (Documentation)|- gvwR©b FY wnmve ‡Lvjvi mgq gv‡P©›U

e¨vsKvi (†cvU©‡dvwjI g¨v‡bRvi) MÖvn‡Ki mwnZ GKwU Pzw³ m¤úv`b Kwi‡e, hvnv‡Z
wmwKDwiwUR I G·‡PÄ Kwgkb (gv‡P©›U e¨vsKvi I ‡cvU©‡dvwjI g¨v‡bRvi) wewagvjv,
1
cÖÁvcb bs- GmBwm/wmGgAviAviwmwW/2006-159/cÖkvmb/01-29 ZvwiL 02 A‡±vei 2007 Bs Gi
Øviv cÖwZ¯’vwcZ nBqv‡Q, hvnv evsjv‡`k †M‡R‡U A‡±vei 11, 2007Bs Zvwi‡L cÖKvwkZ nBqv‡Q|
511
1996 Ges GB Zdwm‡j DwjøwLZ gvwR©b msµvšÍ wb‡`©kbvi cÖwZcvjb mswkøó
welqvwì eY©bv _vwK‡e|
3| gvwR©b FY wnmve G b~¨bZg BKz¨BwU (Minimum Equity in Margin Loan

Account)|- gvwR©b FY wnmv‡ei †¶‡Î MÖvn‡Ki BKz¨BwU KZ nB‡e Zvnv gv‡P©›U
e¨vsKvi (†cvU©‡dvwjI g¨v‡bRvi) wba©viY Kwi‡e|
4| gvwR©b FY wnmve G Rgv‡hvM¨ wmwKDwiwU (Marginable Security)|- (1)

gvwR©b FY cÖ`v‡bi †¶‡Î wb¤œwjwLZ wmwKDwiwU gvwR©‡bej wmwKDwiwU wnmv‡e we‡ewPZ
nB‡e, h_v t-
(K) ZvwjKvf~³ mvaviY †kqvi (Listed Common Stock);
(L) ZvwjKvf~³ (Listed) K‡cv©‡iU eÛ I wW‡eÂvi;
(M) I‡cb GÛ (Open end) I ZvwjKvf~³ †K¬vRW GÛ (Listed Closed
end) wgDPz¨qvj dvÛ mvwU©wd‡KU;
(N) miKvix wmwKDwiwU (Government Security);
(O) wmwKDwiwUR I G·‡PÄ Kwgkb KZ…K © mgq mgq GZ`y‡Ï‡k¨ wbav©wiZ
gvwR©‡bej wmwKDwiwU|
(2) gv‡P©›U e¨vsKvi (†cvU©‡dvwjI g¨v‡bRvi) gvwR©b FY cÖ`v‡bi †¶‡Î DcwiDwjøwLZ

wmwKDwiwUi ga¨ nB‡Z Zvnv‡ì cQ›` Abyhvqx wmwKDwiwU ev Bb÷ªy‡g‡›Ui ZvwjKv
cÖYqb Kwi‡Z cvwi‡e|
5| gvwR©b FY cÖ`v‡bi †¶‡Î we‡eP¨ welqmg~n|- gvwR©‡bej wmwKDwiwUi wecix‡Z gvwR©b
FY cÖ`v‡bi †¶‡Î gv‡P©›U e¨vsKvi (†cvU©‡dvwjI g¨v‡bRvi), Ab¨v‡bï g‡a¨,
wb¤œwjwLZ welqmg~n we‡ePbv Kwi‡e, h_v-
(K) wewb‡qvM wbivcËv;
(L) wmwKDwiwUi dvÛv‡g›Uvjm& ev †gŠwjK welq;
(M) wmwKDwiwUi Zvij¨/wecYb‡hvM¨Zv;
(N) hyw³m½Z Avq;
(O) g~jab cÖe„w× (Capital appreciation);
(P) SzuwKi Dcv`vbmg~n (Risk factors);
(Q) Kiv‡iv‡ci cÖfve|
6| gvwR©b FY (Margin Loan)|- (1)gv‡P©›U e¨vsKvi (†cvU©‡dvwjI g¨v‡bRvi) Kwgkb

KZ©…K mgq mgq wba©vwiZ nv‡i gvwR©b FY cÖ`vb Kwi‡e|
(2) gv‡P©›U e¨vsKvi (†cvU©‡dvwjI g¨v‡bRvi) gvwR©b FY I BKz¨BwU AbycvZ eRvq
ivLvi Rb¨ b~¨bZg gvwR©b cÖ‡qvM (Minimum Margin Requirement)
512
msµvšÍ wbR¯^ c×wZ wba©viY Kwi‡e hvnv‡Z eva¨Zvg~jK weµq ev gvwR©b Kj
(Margin Call) Gov‡bv hvq|
(3) gv‡P©›U e¨vsKvi (†cvU©‡dvwjI g¨v‡bRvi) KZ©„K gvwR©b FY (Margin
Loan) cÖ`v‡bi wecix‡Z MÖvn‡Ki wbKU nB‡Z wbav©wiZ my` I Ab¨vb¨ PvR©
(charge) Av`vq Kwi‡Z cvwi‡e hvnv Dnvi MÖvnK‡K c~‡e©B RvbvBqv
ivwL‡e|
(4) gv‡P©›U e¨vsKvi (†cvU©‡dvwjI g¨v‡bRvi), Ab¨v‡bï g‡a¨, wb¤œwjwLZ
welqmg~‡n m¤ú„³ nIqvi ‡¶‡Î wbR¯^ gvwR©b gwbUwis MvBWjvBb cÖ¯Z ‘
Kwi‡e, h_vt-
(K) b~¨bZg gvwR©b cÖ‡qvM;
(L) gvwR©b Kj ev eva¨Zvg~jK weµq;
(M) AvÛvi gvwR©b (Under margined) wnmv‡ei ‡¶‡Î Dchy³ eë¯’v
MÖnY;
(N) µq ¶gZv wbiæcY c×wZ;
(O) Znwej I wmwKDwiwU cÖZ¨vnvi c×wZ|
(5) GKB w`‡b m¤úvw`Z mKj †jb‡`b, †jb‡`‡bi Zvwi‡Li wfwË‡Z GKwÎZ
Kwi‡Z nB‡e Ges †gvU µqg~j¨ ev weµqjä Avq, hvnv‡Z gv‡P©›U e¨vsKvi
(†cvU©‡dvwjI g¨v‡bRvi) Gi Kwgkb I LiPvw` AšÍfy©³ nB‡e, gvwR©b
wbiæc‡Yi Rb¨ we‡ewPZ nB‡e|
7| †cvU©‡dvwjI/wmwKDwiwUi evRvig~j¨ wbav©iY|- (1) gv‡P©›U e¨vsKvi (†cvU©‡dvwjI

g¨v‡bRvi) gvwR©b cÖ‡qvM (Margin Requirement) wbav©i‡Yi Rb¨ wb‡gœv³ cØwZ‡Z
†cvU©‡dvwjI/wmwKDwiwUi evRvi g~j¨ wbiæcY Kwi‡e, h_v t -
Ò Closing Price of the Securities + Net Asset Value (NAV)’’
2
(2) eyK †K¬vRvi/†iKW© †WU †gvZv‡eK cÖvc¨ mKj K‡cv©‡iU †ewbwdU, †hgb
jf¨vsk, †evbvm, ivBU BZ¨vw` †cvU©‡dvwjI Gi g~‡jï mwnZ ms‡hvwRZ
nB‡e|
(3) miKvix wmwKDwiwU Ges I‡cb GÛ wgDPz¨qvj dvÛ Gi wmwKDwiwUi

g~j¨vq‡bi †¶‡Î DcwiD³ c×wZ h_vh_fv‡e cÖ†qvM Kiv m¤¢e bv nB‡j
†m‡¶‡Î Dnv‡ì evRvig~j¨ wbiæc‡Yi Rb¨ gv‡P©›U e¨vsKvi (†cvU©‡dvwjI
g¨v‡bRvi) welqwfwËK we‡ePbv cÖwµqv Aej¤^b Kwi‡e|
8| ‡cvU©‡dvwjI eûgyLxKiY (Portfolio Diversification)|- Discretionary

wnmve Gi †¶‡Î wb‡Ri I MÖvn‡Ki wbivcËv wbwðZKi‡Yi Rb¨ gv‡P©›U e¨vsKvi
(†cvU©‡dvwjI g¨v‡bRvi) †cvU©‡dvwjI eûgyLxKiY msµvšÍ wbR¯^ bxwZ MÖnY Kwi‡Z
cvwi‡e|
513
9| gvwR©b i¶Yv‡e¶Y (Maintenance of Margin Requirement)|- Kwgkb
KZ©…K wfbœiƒc wb‡`©wkZ bv nB‡j, gv‡P©›U e¨vsKvi (†cvU©‡dvwjI g¨v‡bRvi) gvwR©b
cÖ‡qvM i¶Yv‡e¶Y (Maintenance of Margin Requirement) Gi e¨vcv‡i
wbR¯^ bxwZgvjv Abymib Kwi‡e|
10| wmwKDwiwUi i¶K (Custodian of Security)|- (1) gv‡P©›U e¨vsKvi

(†cvU©‡dvwjI g¨v‡bRvi) gvwR©b FY wnmve G AšÍf©~³ wmwKDwiwUi Kv÷wWqvb ev i¶K
wnmv‡e `vwqZ¡ cvjb Kwi‡e| MÖvnK KZ©„K RgvK…Z A_ev µqK…Z wmwKDwiwU
Omnibus A_ev Individual wnmve G msiw¶Z nB‡e, Z‡e Omnibus wnmve
Gi †¶‡Î MÖvn‡Ki gvwjKvbv Abyhvqx c„_Kfv‡e †iKW© msi¶Y Kwi‡Z nB‡e|
(2) gv‡P©›U e¨vsKvi (†cvU©‡dvwjI g¨v‡bRvi) MÖvn‡Ki gvwR©b FY wnmve G iw¶Z

wmwKDwiwU wbR¯^ FY MÖn‡bi Rb¨ A_ev Ab¨ †Kvb cÖ‡qvR‡b eënvi Kwi‡e bv|
(3) gv‡P©›U e¨vsKvi (†cvU©‡dvwjI g¨v‡bRvi) wb‡R‡ì wewb‡qvM MÖvn‡Ki
wewb‡qv‡Mi mwnZ GKxf~Z Kwi‡e bv Ges c„_Kfv‡e MÖvn‡Ki wbKU nB‡Z M„nxZ
Znwej I wmwKDwiwU Ges wewb‡qvM msµvšÍ †iKW© msi¶b Kwi‡e|
(4) MÖvn‡Ki wnmve nB‡Z gv‡P©›U e¨vsKvi (†cvU©‡dvwjI g¨v‡bRvi) wbR¯^ wewb‡qvM
wnmve mswkøó †jb‡`b I back office functions ¯^”Q I cÖ‡qvwMKfv‡e c„_K
ivwL‡e|
11| wnmve eÜKiY (Closure of Accounts)|- MÖvn‡Ki wbKU nB‡Z Aby¨b 7 (mvZ)
w`‡bi †bvwUk cÖvwß mv‡c‡¶ gv‡P©›U e¨vsKvi (†cvU©‡dvwjI g¨v‡bRvi) MÖvn‡Ki wnmve
eÜKi‡Yi cÖ‡qvRbxq c`‡¶c MÖnY Kwi‡e Ges mKj e‡Kqv `vq mgš^‡qi ci
MÖvnK‡K cÖvc¨ Znwej A_ev wmwKDwiwU ‡dir cÖ`vb Kwi‡e| wnmve eÜKi‡Yi
cieZ©x‡Z hw` †Kvb Znwej ev wmwKDwiwU, jf¨vsk, ivBU ev †evbvm Bmyï gva¨‡g ev
Ab¨ ‡h †Kvbfv‡e D³ wnmve G cÖ‡`q nq ev cªvwß N‡U, †mB †¶‡Î gv‡P©›U e¨vsKvi
(†cvU©‡dvwjI g¨v‡bRvi) Zvnv MÖvnK‡K cÖ`v‡bi wbwgË GKwU Suspense Account
G msi¶Y Kwi‡e|
12| cÖwfkwbs (Provisioning)|- cyuwRevRv‡ii Aw¯’wZkxjZvi wecix‡Z mgš^‡qi j‡¶¨

wbivcËvg~jK eë¯’v wnmv‡e gv‡P©›U e¨vsKvi (†cvU©‡dvwjI g¨v‡bRvi) wnmve el© †k‡l
†gvU e‡Kqvi 1% mvaviY mwÂwZ (General Provision) Kwi‡Z cvwi‡e|
13| Kwgkb Gi wbKU Z_¨ `vwLj|- Kwgkb KZ…K © wbav©wiZ mg‡q I dig¨vU Abyhvqx
gv‡P©›U e¨vsKvi (†cvU©‡dvwjI g¨v‡bRvi) gvwR©b FY msµvšÍ Z_¨ Kwgk‡b `vwLj
Kwi‡e|
514
14| Av‡`k ev wb‡`©k cÖ`vb|- Kwgkb, Rb¯^v‡_©, †h †Kvb mgq GB wb‡`©kbvq DwjøwLZ †h
†Kvb wel‡q cÖ‡qvRbxq Av‡`k ev wb‡`©k cÖ`vb Kwi‡Z cvwi‡e|ÕÕ| ]
myjZvb-DR-Rvgvb Lvb
†Pqvig¨vb,
515
AwZwi³ msL¨v
1
[g½jevi, RyjvB 30, 1996
8g LÛ- †emiKvix e¨w³ Ges K‡c©v‡ikb KZ…©K A‡_©i wewbg‡q RvixK…Z weÁvcb I
†bvwUkmg~n|
cÖÁvcb
ZvwiL, 24†k GwcÖj 1996Bs
bs-GmBwm/kvLv-7/AvBb/94-4/114-wmwKDwiwUR I G·‡PÄ Kwgkb (gv‡P©›U e¨vsKvi I

†cvU©‡dvwjI g¨v‡bRvi) 2[wewagvjv], 1996 (Gm, Avi, I bs-59 AvBb/96 ZvwiL 24†k GwcÖj
1996)-Gi 1[wewa] 6 I 19-G cÖ`Ë ¶gZve‡j wmwKDwiwUR I G·‡PÄ Kwgkb †Kvb gv‡P©›U
e¨vsKvi I †cvU©‡dvwjI g¨v‡bRvi Gi wbgœiæc g~jab ch©vßZv wba©viY Kwij, h_vt-
1| GKRb Av‡e`bKvix, Ae‡jLb (AvÛviivBwUs) e¨wZZ †Kvb Bmy¨ eë¯’vcbvq whwb wb‡qvwRZ
nB‡Z AvMÖnx,Zvnvi b~¨bZg cuwPk (25) j¶ UvKvi g~jab _vwK‡Z nB‡e|
2| GKRb Av‡e`bKvix whwb Bmy¨ Ae‡jLb (AvÛviivBwUs) Kwi‡Z AvMÖnx Zvnvi b~¨bZg GK
†KvwU UvKv g~jab _vwK‡Z nB‡e|
Z‡e kZ© _v‡K †h, GKRb gv‡P©›U e¨vsKvi †Kvb mg‡qB me©mvKzj¨ Zvnvi g~ja‡bi cuvP ¸‡Yi
‡ekx Ae‡jLb (AvÛviivBwUs) Kwi‡Z cvwi‡eb bv|
3| GKRb Av‡e`bKvix whwb †cvU©‡dvwjI g¨v‡bRvi wnmv‡e KvR Kwi‡Z AvMÖnx Zvnvi b~¨bZg
GK †KvwU UvKvi g~jab _vwK‡Z nB‡e|
Z‡e kZ© _v‡K †h, †cvU©‡dvwjI g¨v‡bRvi †Kvb mg‡qB Zvnvi g~ja‡bi mgwóMZfv‡e cuvP ¸‡bi
‡ekx †cvU©‡dvwjI Znwej eë¯’vcbv Kwi‡eb bv|
4| ‡cvU©‡dvwjI eë¯’vcbv, Bmy¨ eë¯’vcbv Ges Ae‡jLb (AvÛviivBwUs) Kwi‡Z AvMÖnx †Kvb
Av‡e`bKvixi b~¨bZg me©‡gvU `yB †KvwU UvKv g~jab _vwK‡Z nB‡e|
1
cÖÁvcb bs GmBwm/wmGgAviAviwmwW/2001-50/cÖkvmb/01-36 ZvwiL 12 Rvbqvwi, 2009Bs Øviv evwZj Kiv
nBqv‡Q, hvnv gvP© 30, 2009 Zvwi‡L evsjv‡`k †M‡R‡U cÖKvwkZ nBqv‡Q|
2
516
Z‡e kZ© _v‡K †h, GKRb gv‡P©›U e¨vsKvi Bmÿ Ae‡jLb (AvÛviivBwUs) I †cvU©†dvwjI Znwej
eë¯’vcbv mgwóMZfv‡e †Kvb mg‡qB g~ja‡bi cuvP ¸‡bi †ekx Kwi‡eb bv|
myjZvb-DR Rvgvb Lvb

‡Pqvig¨vb
wmwKDwiwUR I G·‡PÄ Kwgkb|]
[we.`ª. GB cÖÁvc‡bi †Kvb Kvh©KvwiZv †bB| Bnv cÖÁvcb bs-GmBwm/wmGgAviAviwmwW/2001-

50/cÖkvmb/01-36 ZvwiL, 12 Rvbyqvwi, 2009 Gi Øviv evwZj Kiv nBqv‡Q, hvnv gvP© 30,
2009 Zvwi‡L evsjv‡`k †M‡R‡U cÖKvk Kiv nBqv‡Q|]
517
AwZwi³ msL¨v
g½jevi, RyjvB 30, 1996
†bvwUkmg~n|
cÖÁvcb
ZvwiL, 24†k GwcÖj 1996Bs
bs-GmBwm/kvLv-7/AvBb/94-4/115-wmwKDwiwUR I G·‡PÄ Kwgkb (gv‡P©›U e¨vsKvi I

†cvU©‡dvwjI g¨v‡bRvi) 1[wewagvjv], 1996 (Gm, Avi, I, bs 59 AvBb/96 ZvwiL 24†k GwcÖj
1996)-Gi 1[wewa] 5(L) I 18(L)-G cÖ`Ë ¶gZve‡j wmwKDwiwUR I G·‡PÄ Kwgkb †Kvb
gv‡P©›U e¨vsKvi I †cvU©‡dvwjI g¨v‡bRvi Gi wbgœiæc b~¨bZg ‡jvKej I mswkøó Kv‡R Zvnv‡ì
AwfÁZv wba©viY Kwij, h_vt-
1| miKvi ¯^xK…Z †Kvb cÖwZôvb nB‡Z Av‡e`bKvix ev cÖavb Kg©KZ©vi b~¨bZg mœvZK
wk¶vMZ †hvM¨Zv _vwK‡Z nB‡e|
2| Av‡e`bKvixi Aax‡b b~¨bc‡¶ `yBRb †jvK PvKzix‡Z wb‡qvwRZ _vwK‡Z nB‡e hvnviv
gv‡P©›U e¨vsKvi ev †cvU©‡dvwjI g¨v‡bRvi Gi KvR Kwievi gZ AwfÁZvm¤úbœ|
myjZvb-DR Rvgvb Lvb

†Pqvig¨vb
1
518
AwZwi³ msL¨v
†mvgevi, ‡m‡Þ¤î 28, 1998
†bvwUkmg~n|
cÖÁvcb
ZvwiL, 3iv †m‡Þ¤î 1998
bs-GmBwm/kvLv-7/98-139ÑwmwKDwiwUR I G·‡PÄ Kwgkb AvBb, 1993 (1993 m‡bi 15
bs AvBb) Gi 23 avivq cÖ`Ë ¶gZve‡j Kwgkb KZ©„K GZØviv D³ AvB‡bi 10(1) avivi
weavb nB‡Z gv‡P©›U e¨vsKvi †ckvq wb‡qvwRZ e¨w³MY‡K [e¨w³ A_© wmwKDwiwUR I G·‡PÄ
Kwgkb (gv‡P©›U e¨vsKvi I †cvU©‡dvwjI g¨v‡bRvi) cÖweavbgvjv, 1996 Gi aviv 2(1)(S) G
msÁvwqZ e¨w³‡K eySvB‡e] 31†k wW‡m¤î 1998 ch©šÍ Ae¨vnwZ †Ìqv nBj|
Gg, G, mvC`
†Pqvig¨vb
519
AwZwi³ msL¨v
‡mvgevi, gvP© 30, 2009
†bvwUkmg~n|
MYcRvZš¿x evsjv‡`k miKvi

Rxeb exgv UvIqvi (16, 17 I 21 Zjv)
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cÖÁvcb
ZvwiL, 12 Rvbyqvwi, 2009 Bs
bs-GmBwm/wmGgAviAviwmwW/2001-50/cÖkvmb/01-36ÑwmwKDwiwUR I G·‡PÄ Kwgkb

(gv‡P©›U e¨vsKvi I †cvU©‡dvwjI g¨v‡bRvi) wewagvjv, 1996 (Gm, Avi, I bs 59 AvBb/96,
ZvwiL 24†k GwcÖj 1996) Gi wewa 6 Ges 19 G cª`Ë ¶gZve‡j wmwKDwiwUR I G·‡PÄ
Kwgkb, gv‡P©›U e¨vsKvi I †cvU©‡dvwjI g¨v‡bRvi Gi g~jab ch©vßZv msµvšÍ Dnvi cÖÁvcb bs-
GmBwm/kvLv-7/AvBb/94-4/114, ZvwiL 24†k GwcÖj, 1996Bs (hvnv evsjv‡`k †M‡R‡U 30
RyjvB, 1996Bs Zvwi‡L cÖKvwkZ nBqv‡Q) GZØviv evwZj Kwij|
wmwKDwiwUR I G·‡PÄ Kwgk‡bi Av‡`kµ‡g,
dviæK Avng` wmwÏKx

†Pqvig¨vb|
520

BSEC (Merchant Bank &amp; Portfolio Manager) Rules, 1996

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BSEC (Merchant Bank &amp; Portfolio Manager) Rules, 1996

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Copyright:

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wmwKDwiwUR I G·‡PÄ Kwgkb (gv‡P©›U e¨vsKvi I †cvU©‡dvwjI

g¨v‡bRvi) wewagvjv, 1996

wmwKDwiwUR I G·‡PÄ Kwgkb

ZvwiL, 24†k GwcÖj 1996 Bs/11B •ekvL 1403 evs

Gm, Avi, I, bs 59-AvBb/96-wmwKDwiwUR I G·‡PÄ Kwgkb AvBb, 1993 (1993 m‡bi 15

1| msw¶ß wk‡ivbvgv|-GB 1]wewagvjv] wmwKDwiwUR I G·‡PÄ Kwgkb (gv‡P©›U e¨vsKvi I

2| msÁv|- (1) welq ev cÖm‡½i cwicš’x †Kvb wKQy bv _vwK‡j, GB 1[wewagvjvq]-

(L) ÒÔAv‡e`bÓ A_© gv‡P©›U e¨vsKvi mvwU©wd‡KU ev, †¶ÎgZ, †cvU©‡dvwjI

(O) ÔÔ†cvU©‡dvwjIÓ A_© †Kvb e¨w³i mgy`q wmwKDwiwUR;

(Q) ÔÔcwi`k©KÓ A_© 3[wewa] 32 Gi Aaxb wbhy³ cwi`k©K;

(R) ÔÔdigÓ A_© GB 1[wewagvjvi] mwnZ mshy³ mswkøó dig;

(U) ÔÔmvwU©wd‡KUÓ A_© GB 1[wewagvjvi] Aaxb Kwgkb KZ„K

(V) ÒcwiPvjbv cl©`Ó A_© gv‡P©›U e¨vsKv‡ii cwiPvjbv cl©`;

(W) Òe¨e¯’vcbv cwiPvjK/wmBIÓ A_© gv‡P©›U e¨vsKv‡ii e¨e¯’vcbv cwiPvjK/wmBI

gv‡P©›U e¨vsKvi wbeÜb mvwU©wd‡KU, BZ¨vw`

3| wbeÜb mvwU©wd‡KU e¨wZ‡i‡K gv‡P©›U e¨vsKvi KvRKiY wbwl×|-GB 1[wewagvjvi] Aaxb

(B) ‡Kvb Av‡e`bKvix †cvU©‡dvwjI e¨e¯’vcbv, Bmy¨ e¨e¯’vcbv Ges

(M) Kwgk‡bi we‡ePbvq cyuwRevRvi ev wewb‡qvMKvix‡`i ¯^v‡_© `iLv¯ÍwU we‡ePbvi

(2) Kwgkb, Rb¯^v‡_©, Dc-wewa (1) Gi weavbvejxi †h †KvbwU †h †Kvb gv‡P©›U

(2) †c AW©vi ev e¨vsK WªvdU Gi gva¨‡g Av‡e`b wd eve` Kwgkb eive‡i

(4) †Kvb Av‡e`b wb®úwËi myweav‡_© Kwgkb Av‡e`bKvix‡K Av‡e`‡bi mwnZ

(K) Av‡e`bKvixi e¨emv‡qi ¯’vb, Awdm BZ¨vw`;

© 1[wewa] 8 Gi Aaxb †Kvb Av‡e`b evwZj

gv‡P©›U e¨vsKvi Gi `vwqZ¡

†cvU©‡dvwjI g¨v‡bRvi wbeÜb mvwU©wd‡KU, BZ¨vw`

16| mvwU©wd‡KU e¨wZ‡i‡K †cvU©‡dvwjI g¨v‡bRvi KvRKiY wbwl×|- GB 1[wewavgvjvi] Aaxb

(5) cÖ‡Z¨K †cvU©‡dvwjI g¨v‡bRvi, Kwgkb KZ…K

27| wbix¶‡Ki cÖwZ‡e`‡bi †cÖw¶‡Z M„nxZ c`‡¶‡ci cÖwZ‡e`b|- wbix¶‡Ki cÖwZ‡e`b

†cvU©‡dvwjI g¨v‡bRv‡ii `vwqZ¡

30| g‡°‡ji A_© wewb‡qvM|- 3[(1)]

mvwU©wd‡KU evwZj, ¯’wMZKiY, BZ¨vw`

35| AviPY wewa|- (1) cÖ‡Z¨K gv‡P©›U e¨vsKvi-

(2) cÖ‡Z¨K †cvU©‡dvwjI g¨v‡bRvi-

e¨e¯’vcbv cwiPvj‡Ki/wmBIÕi wb‡qvM, eiLv¯Í, ¶gZv BZ¨vw`

37| e¨e¯’vcbv cwiPvj‡Ki/wmBIÕi wb‡qvM, eiLv¯Í BZ¨vw`|-(1) Kwgk‡bi c~e© Aby‡gv`b

38| e¨e¯’vcbv cwiPvjK/wmBI Gi ¶gZv|- (1) e¨e¯’vcbv cwiPvjK/wmBI mswkøó gv‡P©›U

(2) e¨e¯’vcbv cwiPvjK/wmBI GB wewagvjvi cwicvjb Ges mswkøó gv‡P©›U e¨vsKv‡ii

(3) cwiPvjbv cl©` KZ…K

bvg †hvM¨Zv gv‡P©›U e¨vswKs I Av‡e`bK…Z/ Ab¨vb¨

(P) cÖavb e¨e¯’vc‡Ki weeiYt

†Kv¤úvbx/ wVKvbv Kv‡Ri D‡`¨v³v I Av‡e`bKvix

5| e¨emv welqK Z_¨ t

6| Bmy¨ e¨e¯’vcbv AwfÁZv t

g‡°‡ji Bmy¨i Bmy¨i aiY AewjwLZ AewjL‡bi AewjL‡bi

9| †cvU©‡dvwjI e¨e¯’vcbv AwfÁZvt

¯‹x‡gi bvg ¯‹x‡gi g‡°‡ji msL¨v †gvU e¨e¯’vcbvK…Z MocoZv

10| Ki‡cv‡iU/Dc‡`óv wnmv‡e AwfÁZvt

g‡°‡ji Bmy¨i Bmy¨i aiY cÖ`Ë †mevi cÖavb gv‡P©›U e¨vsKv‡ii

11| Ab¨vb¨ wmwKDwiwUR e¨emv m¤úwK©Z AwfÁZv t

12| g‡°j welqK Z_¨ t

g~j e¨e¯’vcbv wk¶vMZ cÖv³b c` gv‡P©›U e¨vswKs e¨emv‡q

PjwZ erm‡ii GK ermi c~‡e©i c~‡e©i ermi PjwZ ermi

(K) cwi‡kvwaZ g~jab

20| Av‡qi cÖavb Drmmg~n t

22| Av‡e`bKvixi cÖavb e¨vsKv‡ii bvg I wVKvbvt

23| wbix¶‡Ki bvg I wVKvbvt

24| Ab¨vb¨ Z_¨

25| gxgvswmZ I AgxgvswmZ mKj we‡iv‡ai weeiYt

we‡iv‡ai aiY c‡¶i bvg AgxgvswmZ/gxgvswmZ

GB †NvlYv Aek¨B `yBRb cwiPvjK 1[ * ] KZ…©K ¯^v¶wiZ nB‡e|

dig c~i‡Yi Rb¨ wb‡`©kvejx t

wmwKDwiwUR I G·‡PÄ Kwgkb Gi Av‡`kµ‡g

†Kv¤úvbxi/ wVKvbv/ Kv‡Ri gvwjKvbv Avw_©K D‡`¨v³v/ Av‡e`bKvix

5| e¨emv welqK Z_¨ t

BSEC (Merchant Bank & Portfolio Manager) Rules, 1996

BSEC (Merchant Bank & Portfolio Manager) Rules, 1996