Securities Contracts (Regulation) Amendment Rules, 1996. - F. No. 1/57/SE/93-G.S.R. 581(E) - SEBI

MINISTRY OF FINANCE (Department of Economic Affairs) NOTIFICATION New Delhi, the 23rd December, 1996 G.S.R. 581(E).- In exercise of the powers conferred by sub-section (1) of section 30 of the Securities Contracts (Regulation) Act, 1956, the Central Government hereby makes the following rules further to amend the Securities Contracts (Regulation) Rules, 1957, namely: 1. (1) These rules may be called the Securities Contracts (Regulation) Amendment Rules, 1996. (2) They shall come into force on the date of their publication in the Official Gazette. 2. In the Securities Contracts (Regulation) Rules, 1957 (hereinafter referred to as the said rules),- (a) in rule 3, for the words, the Central Government , the words the Securities and Exchange Board of India shall be substituted; (b) in rule 5A, for the words the Central Government , the words the Securities and Exchange Board of India shall be substituted; (c) in rule 7, in sub-rule (1), for the words the Central Government , the words the Securities and Exchange Board of India shall be substituted; (d) in rule 8, (i) in sub-rule (1),- (a) in clause (b), in the proviso, for the words the Central Government , the words the Securities and Exchange Board of India shall be substituted; (b) in clause (f), in the proviso, for the words, the Central Government , the words, the Securities and Exchange Board of India shall be substituted; (c) in clause (f), in the Proviso, for the word government the word Board shall be substituted; (ii) in sub-rule (4), after clause (iii), in the proviso, for the words the Central Government , the words the Securities and Exchange Board of India shall be substituted; (e) in rule 11, for the words the Central Government , wherever they occur the words the Securities and Exchange Board of India shall be substituted; (f) in rule 12, for the words the Central Government , the words the Securities and Exchange Board of India shall be substituted; (g) in rule 16, for the words the Central Government , wherever they occur, the words the Securities and Exchange Board of India shall be substituted; (h) in rule 17, for the words the Central Government , wherever they occur, the words the Securities and Exchange Board of India shall be substituted; (i) in rule 17A, for the words the Central Government occuring at both the places, the words the Securities and Exchange Board of India shall be substituted; (j) in rule 19, - (i) in sub-rule (1), in clause (m), for sub-clause (1), the following sub clause shall be substituted, namely; - (i) acknowledgement card or the receipt of filing offer document with the Securities and Exchange Board of India ; (ii) in sub-rule (2), after clause (b), in proviso- (A) for the words, the Central Government , the words the Securities and Exchange Board of India shall be substituted; (B) for the word Government , the word Board shall be substituted; (iii) in sub-rule (5), in the second proviso, for the words the Central Government , wherever they occur, the words the Securities and Exchange Board of India shall be substituted; (iv) in sub-rule (6), for the words the Central Government , the words the Securities and Exchange Board of India shall be substituted; (v) in sub- rule (6A), in the proviso- (A) for the words, the Central Government , the words the Securities and Exchange Board of India shall be substituted; (B) for the word Government , the word Board shall be substituted; (vi) in sub-rule (7), for the words, the Central Government , the words the Securities and Exchange Board of India shall be substituted; (k) in Form A to the said rule, for the words the Central Government , occuring at both the places, the words the Securities and Exchange Board of India shall be substituted; (l) in from B to the said rule, - (i) in the opening portion, for the words Government of India, Ministry of Finance the words the Securities and Exchange Board of India shall be substituted; (ii) for the words the Central Government , the words the Securities and Exchange Board of India shall be substituted; (iii) for the words Seal of Ministry , the words Seal of Board shall be substituted; (m) for Form C to the said rules, the following Form shall be substituted, Namely: - FROM-C (See rule 13) Notice to show cause against the withdrawal of recognition The Securities and Exchange Board of India Mumbai, the _____________ To _________________________ _________________________ (name and address of the exchange) You are hereby called upon to show cause on or before ___________________ at the office of ________________ (designation of the Officer) why the recognition granted to you under the Ministry of Finance/the Securities and Exchange Board of India Notification No. _____________ dated _____________ and Certificate No. ____________ dated ___________ should not be withdrawn for the reasons given in the Annexure to this Notice. By order and in the name of the Securities and Exchange Board of India. Seal of the Securities and Exchange Board of India [F. No. 1/57/SE/93] DR. U. SARAT CHANDRAN, Jt. Secy. NOTE: - The principal Notification was issued under No. SRO 576 dated 21-2-1957 published in the Gazette of India II, section 3, page 619 dated 21-2-1957 and subsequent amendment Notification No. GSR 1096 dated 14-7-1967 was published in the Gazette of India, Part II section 3, sub-section (i) dated 22-7-1967, Notification No. GSR 685 dated 3-6-1972 was published in the Gazette of India, Part II, section 3, sub-section (i) dated 10-6-1972, page 1556, Notification No. GSR 666(E) dated 20-7-1987, No. GSR 870(E) dated 13-11-1992, Notification No. GSR 617(E) dated 20-9-1993 was published in the Gazette of India, Extraordinary, Part II, section 3, sub-section (i) dated 20-9-1993, No. GSR 749(E) dated 12-12-1994 were published in the Gazette of India, Extraordinary Part II, section 3, sub-section (i), Notification No. GSR 790(E) 7-11-1994, Notification GSR No. 121(E) dated 9-3-1995 was published in the Gazette of India, Extraordinary, Part II, section 3, sub-section (i) dated 9-3-1995 and Notification No. GSR 291(E) dated 27-3-1995 was published in the Gazette of India, Extraordinary, Part II, section 3, sub-section (i) dated 27-3-1995.