DEPOSITORIES ACT, 1996

CHAPTER- I

PRELIMINARY

Section 1 – Short title, extent and commencement.

Section 2 – Definitions

CHAPTER- II

CERTIFICATE OF COMMENCEMENT OF BUSINESS

Section 3 – Certificate of commencement of business by depositories

CHAPTER- III

RIGHTS AND OBLIGATIONS OF DEPOSITORIES, PARTICIPANTS, ISSUERS AND BENEFICIAL OWNERS

Section 4 – Agreement between depository and participant

Section 5 – Services of depository.

Section 6 – Surrender of certificate of security.

Section 7 – Registration of transfer of securities with depository.

Section 8 – Options to receive security certificate or hold securities with depository

Section 9 – Securities in depositories to be in fungible form

Section 10 – Rights of depositories and beneficial owner

Section 11 – Register of beneficial owner

Section 12 – Pledge or hypothecation of securities held in a depository

Section 13 – Furnishing of information and records by depository and issuer

Section 14 – Option to opt out in respect of any security

Section 15 – Act 18 of 1891 to apply to depositories.

Section 16 – Depositories to indemnify loss in certain cases.

Section 17 – Rights and obligations of depositories, etc.

CHAPTER- IV

ENQUIRY AND INSPECTION

Section 18 – Power of Board to call for information and enquiry.

Section 19 – Power of Board to give directions in certain cases

Section 19A – Penalty for failure to furnish information, return, etc.

Section 19B – Penalty for failure to enter into an agreement

Section 19C – Penalty for failure to redress investors’ grievances

Section 19D – Penalty for delay in dematerialisation or issue of certificate of securities

Section 19E – Penalty for failure to reconcile records

Section 19F – Penalty for failure to comply with directions issued by Board under section 19 of the Act.

Section 19FA – Penalty for failure to conduct business in a fair manner.

Section 19G – Penalty for contravention where no separate penalty has been provided

Section 19H – Power to adjudicate

Section 19I – Factors to be taken into account while adjudging quantum of penalty

Section 19IA – Settlement of Administrative Civil Proceedings.

Section 19IB – Recovery of amounts

Section 19IC – Continuance of proceedings

Section 19J – Crediting sums realised by way of penalties to Consolidated Fund of India

CHAPTER- V

MISCELLANEOUS

Section 20 – Offences

Section 21 – Contravention by companies

Section 22 – Cognizance of offences by courts

Section 22A – Composition of certain offences

Section 22B – Power to grant immunity.

Section 22C – Establishment of Special Courts

Section 22D – Offences triable by Special Courts.

Section 22E – Appeal and Revision

Section 22F – Application of Code to proceedings before Special Court

Section 22G – Transitional provisions

Section 23 – Appeals

Section 23A – Appeal to Securities Appellate Tribunal

Section 23B – Procedure and powers of Securities Appellate Tribunal

Section 23C – Right to legal representation

Section 23D – Limitation

Section 23E – Civil Court not to have jurisdiction

Section 23F – Appeal to Supreme Court

Section 23G – Powers of Board not to apply to International Financial Services Centre

Section 24 – Power of Central Government to make rules

Section 25 – Power of Board to make regulations.

Section 26 – Power of depositories to make bye-laws

Section 27 – Rules and regulations to be laid before Parliament

Section 28 – Application of other laws not barred

Section 29 – Removal of difficulties

Section 30 – Amendments to certain enactments

Section 30A – Validation of certain acts

Section 31 – Repeal and saving

SCHEDULE
AMENDMENT TO CERTAIN ENACTMENTS
[Repealed by Repealing & Amending Act, 2001.]

Securities and Exchange Board of India Act, 1992

CHAPTER- I

PRELIMINARY

Section 1 – Short title, extent and commencement

Section 2 – Definitions

CHAPTER- II

ESTABLISHMENT OF THE SECURITIES AND EXCHANGE BOARD OF INDIA

Section 3 – Establishment and incorporation of Board

Section 4 – Management of the Board

Section 5 – Term of office and conditions of service of Chairman and members of the Board

Section 6 – Removal of member from office

Section 7 – Meetings

Section 7A – Member not to participate in meetings in certain cases

Section 8 – Vacancies, etc., not to invalidate proceedings of Board

Section 9 – Officers and employees of the Board

CHAPTER- III

TRANSFER OF ASSETS, LIABILITIES, ETC., OF THE EXISTING SECURITIES AND EXCHANGE BOARD TO THE BOARD

Section 10 – Transfer of assets, liabilities, etc., of existing Securities and Exchange Board to the Board

CHAPTER- IV

POWERS AND FUNCTIONS OF THE BOARD

Section 11 – Functions of Board

Section 11A – Board to regulate or prohibit issue of prospectus, offer document or advertisement soliciting money for issue of securities

Section 11AA – Collective investment scheme

Section 11B – Power to issue directions and levy penalty

Section 11C – Investigation

Section 11D – Cease and desist proceedings

CHAPTER- V

REGISTRATION CERTIFICATE

Section 12 – Registration of stock brokers, sub-brokers, share transfer agents, etc

CHAPTER- VA

PROHIBITION OF MANIPULATIVE AND DECEPTIVE DEVICES, INSIDER TRADING AND SUBSTANTIAL ACQUISITION OF SECURITIES OR CONTROL

Section 12A – Prohibition of manipulative and deceptive devices, insider trading and substantial acquisition of securities or control

CHAPTER- VI

FINANCE, ACCOUNTS AND AUDIT

Section 13 – Grants by the Central Government

Section 14 – Fund

Section 15 – Accounts and audit

CHAPTER- VIA

PENALTIES AND ADJUDICATION

Section 15A – Penalty for failure to furnish information, return, etc

Section 15B – Penalty for failure by any person to enter into agreement with clients

Section 15C – Penalty for failure to redress investors’ grievances

Section 15D – Penalty for certain defaults in case of mutual funds

Section 15E – Penalty for failure to observe rules and regulations by an asset management company

Section 15EA – Penalty for default in case of alternative investment funds, infrastructure investment trusts and real estate investment trusts.

Section 15EB – Penalty for default in case of investment adviser and research analyst

Section 15F – Penalty for default in case of stock brokers

Section 15G – Penalty for insider trading

Section 15H – Penalty for non-disclosure of acquisition of shares and takeovers

Section 15HA – Penalty for fraudulent and unfair trade practices

Section 15HAA – Penalty for alteration, destruction, etc., of records and failure to protect the electronic database of Board

Section 15HB – Penalty for contravention where no separate penalty has been provided

Section 15-I – Power to adjudicate

Section 15J – Factors to be taken into account while adjudging quantum of penalty

Section 15JA – crediting sums realised by way of penalties to consolidated fund of India

Section 15JB – settlement of administrative and civil proceedings

CHAPTER- VIB

ESTABLISHMENT, JURISDICTION, AUTHORITY AND PROCEDURE OF SECURITIES APPELLATE TRIBUNAL

Section 15K – Establishment of Securities Appellate Tribunals

Section 15L – Composition of Securities Appellate Tribunal

Section 15M – Qualification for appointment as Presiding Officer or Member of Securities Appellate Tribunal

Section 15N – Tenure of office of Presiding Officer and other Members of Securities Appellate Tribunal

Section 15O – Salary and allowances and other terms and conditions of service of Presiding Officers

Section 15P – Filling up of vacancies

Section 15Q – Resignation and removal

Section 15QA – Qualifications, terms and conditions of service of Presiding Officer and Member.

Section 15R – Orders constituting Appellate Tribunal to be final and not to invalidate its proceedings

Section 15S – Staff of the Securities Appellate Tribunal

Section 15T – Appeal to the Securities Appellate Tribunal

Section 15U – Procedure and powers of the Securities Appellate Tribunal

Section 15V – Right to legal representation

Section 15W – Limitation

Section 15X – Presiding Officer, Members and staff of Securities Appellate Tribunals to be public servants

Section 15Y – Civil Court not to have jurisdiction

Section 15Z – Appeal to Supreme Court

CHAPTER- VII

MISCELLANEOUS

Section 16 – Power of Central Government to issue directions

Section 17 – Power of Central Government to supersede the Board

Section 18 – Returns and reports

Section 19 – Delegation

Section 20 – Appeals

Section 20A – Bar of jurisdiction

Section 21 – Savings

Section 22 – Members, officers and employees of the Board to be public servants

Section 23 – Protection of action taken in good faith

Section 24 – Offences

Section 24A – Composition of certain offences

Section 24B – Power to grant immunity

Section 25 – Exemption from tax on wealth and income

Section 26 – Cognizance of offences by courts

Section 26A – Establishment of Special Courts

Section 26B – Offences triable by Special Courts

Section 26C – Appeal and revision

Section 26D – Application of Code to proceedings before Special Court

Section 26E – Transitional provisions

Section 27 – Contravention by companies

Section 28 – [Omitted by the Securities Laws (Amendment) Act, 1995, w.e.f. 25-1-1995]

Section 28A – Recovery of amounts

Section 28B – Continuance of proceedings

Section 28C – Powers of Board not to apply to International Financial Services Centre

Section 29 – Power to make rules

Section 30 – Power to make regulations

Section 31 – Rules and regulations to be laid before Parliament

Section 32 – Application of other laws not barred

Section 33 – [Repealed by Repealing & Amending Act, 2001]

Section 34 – Power to remove difficulties

Section 34A – Validation of certain acts

Section 35 – Repeal and saving

THE SCHEDULE [Repealed by Repealing & Amending Act, 2001]

SECURITIES CONTRACTS (REGULATION) ACT, 1956

PRELIMINARY

Section 1 – Short title, extent and commencement

Section 2 – Definitions

RECOGNISED STOCK EXCHANGES

Section 3 – Application for recognition of stock exchanges

Section 4 – Grant of recognition to stock exchanges

Section 4A – Corporatisation and demutualisation of stock exchanges

Section 4B – Procedure for corporatisation and demutualisation

Section 5 – Withdrawal of recognition.

Section 6 – Power of Central Government to call for periodical returns or direct inquiries to be made.

Section 7 – Annual reports to be furnished to Central Government by stock exchanges

Section 7A – Power of recognised stock exchange to make rules restricting voting rights, etc.

Section 8 – Power of Central Government to direct rules to be made or to make rules.

Section 8A – Clearing corporation

Section 9 – Power of recognised stock exchanges to make bye-laws

Section 10 – Power of Securities and Exchange Board of India to make or amend bye-laws of recognised stock exchanges.

Section 11 – Power of Central Government to supersede governing body of a recognised stock exchange.

Section 12 – Power to suspend business of recognised stock exchanges

Section 12A – Power to issue directions

Section 13 – Contracts in notified areas illegal in certain circumstances

Section 13A – Additional trading floor

Section 14 – Contracts in notified areas to be void in certain circumstances

Section 15 – Members may not act as principals in certain circumstances.

Section 16 – Power to prohibit contracts in certain cases.

Section 17 – Licensing of dealers in securities in certain areas

Section 17A – Public issue and listing of securities referred to in sub-clause (ie) of clause (h) of section 2

Section 18 – Exclusion of spot delivery contracts from sections 13, 14, 15 and 17

Section 18A – Contracts in derivative

Section 19 – Stock exchanges other than recognised stock exchanges prohibited

Section 20 – Omitted

Section 21 – Conditions for listing

Section 21A – Delisting of securities

Section 22 – Right of appeal against refusal of stock exchanges to list securities of public companies.

Section 22A – Right of appeal to Securities Appellate Tribunal against refusal of stock exchange to list securities of public companies

Section 22B – Procedure and powers of Securities Appellate Tribunal

Section 22C – Right to legal representation

Section 22D – Limitation

Section 22E – Civil court not to have jurisdiction

Section 22F – Appeal to Supreme Court

PENALTIES AND PROCEDURE

Section 23 – Penalties

Section 23A – Penalty for failure to furnish information, return, etc.

Section 23B – Penalty for failure by any person to enter into an agreement with clients

Section 23C – Penalty for failure to redress investors’ grievances

Section 23D – Penalty for failure to segregate securities or moneys of client or clients.

Section 23E – Penalty for failure to comply with provision of listing conditions or delisting conditions or grounds

Section 23F – Penalty for excess dematerialisation or delivery of unlisted securities.

Section 23G – Penalty for failure to furnish periodical returns, etc.

Section 23GA – Penalty for failure to conduct business in accordance with rules, etc.

Section 23H – Penalty for contravention where no separate penalty has been provided.

Section 23I – Power to adjudicate

Section 23J. – Factors to be taken into account while adjudging quantum of penalty

Section 23JA – Settlement of administrative and civil proceedings

Section 23JB – Recovery of amounts

Section 23JC – Continuance of proceedings

Section 23K – Crediting sums realised by way of penalties to Consolidated Fund of India.

Section 23L – Appeal to Securities Appellate Tribunal

Section 23M – Offences

Section 23N – Composition of certain offences

Section 23O – Power to grant immunity

Section 24 – Contravention by companies

Section 25 – Certain offences to be cognizable.

Section 26 – Cognizance of offences by courts

Section 26A – Establishment of Special Courts

Section 26B – Offences triable by Special Courts

Section 26C – Appeal and Revision

Section 26D – Application of Code to proceedings before Special Court

Section 26E – Transitional provisions

MISCELLANEOUS

Section 27 – Title to dividends

Section 27A – Right to receive income from collective investment scheme

Section 27B – Right to receive income from mutual fund

Section 28 – Act not to apply in certain cases

Section 29 – Protection of action taken in good faith.

Section 29A – Power to delegate

Section 29B – Powers of the Securities and Exchange Board of India not to apply to International Financial Services Centre

Section 30 – Power to make rules

Section 30A – Special Provisions related to commodity derivatives

Section 30B – Special provisions related to pooled investment vehicle

Section 31 – Power of Securities and Exchange Board of India to make regulations

Section 32 – Validation of certain acts