TMI BlogFunctions of BoardX X X X Extracts X X X X X X X X Extracts X X X X ..... hare transfer agents, bankers to an issue, trustees of trust deeds, registrars to an issue, merchant bankers, underwriters, portfolio managers, investment advisers and such other intermediaries who may be associated with securities markets in any manner; 1 [(ba) registering and regulating the working of the depositories, 2[participants], custodians of securities, foreign institutional investors, credit rating agencies and such other intermediaries as the Board may, by notification, specify in this behalf;] (c) registering and regulating the working of 3 [venture capital funds and collective investment schemes], including mutual funds; (d) promoting and regulating self-regulatory organisations; (e) prohibiting fraudulent and un ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ctions and exercising such powers under the provisions of 7 [* * *] the Securities Contracts (Regulation) Act, 1956 (42 of 1956), as may be delegated to it by the Central Government; (k) levying fees or other charges for carrying out the purposes of this section; (l) conducting research for the above purposes; 8 [(la) calling from or furnishing to any such agencies, as may be specified by the Board, such information as may be considered necessary by it for the efficient discharge of its functions;] (m) performing such other functions as may be prescribed. 9 [(2A) Without prejudice to the provisions contained in sub-section (2), the Board may take measures to undertake inspection of any book, or register, or other document ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... f investors or securities market, take any of the following measures, either pending investigation or inquiry or on completion of such investigation or inquiry, namely:- (a) suspend the trading of any security in a recognised stock exchange; (b) restrain persons from accessing the securities market and prohibit any person associated with securities market to buy, sell or deal in securities; (c) suspend any office-bearer of any stock exchange or self-regulatory organisation from holding such position; (d) impound and retain the proceeds or securities in respect of any transaction which is under investigation; (e) attach, after passing of an order on an application made for approval by the Judicial Magistrate of the first class ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... [ (4A) Without prejudice to the provisions contained in sub-sections (1), (2), (2A), (3) and (4), section 11B and section 15-I, the Board may, by an order, for reasons to be recorded in writing, levy penalty under sections 15A, 15B, 15C, 15D, 15E, 15EA, 15EB, 15F, 15G, 15H, 15HA and 15HB after holding an inquiry in the prescribed manner. ] 14 [(5) The amount disgorged, pursuant to a direction issued, under section 11B of this Act or section 12A of the Securities Contracts (Regulation) Act, 1956 or section 19 of the Depositories Act, 1996 (22 of 1996), 16 [ or under a settlement made under section 15JB or section 23JA of the Securities Contracts (Regulation) Act, 1956 (42 of 1956) or section 19-IA of the Depositories Act, 1996, (22 o ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ities Laws (Amendment) Act 1995, w.e.f. 25-1-1995. 11 Substituted for ―clause (i) of sub-section (2)‖ by the SEBI (Amendment) Act, 2002 w.e.f. 29-10-2002. 12 Inserted by the SEBI (Amendment) Act, 2002 w.e.f. 29-10-2002. 13 Inserted by the SEBI (Amendment) Act, 2002 w.e.f. 29-10-2002. 14 Inserted by the Securities Laws (Amendment) Act, 2014 w.r.e.f. 18-07-2013. 15. Inserted vide FINANCE ACT, 2018 w.e.f. 08-03-2019 16. Inserted vide FINANCE ACT, 2018 w.e.f. 08-03-2019 17. For further Amendement see BANNING OF UNREGULATED DEPOSIT SCHEMES ORDINANCE, 2019 - - statute, statutory provisions legislation, law, enactment, Acts, Rules, Regulations, Taxation Tax Management India - taxmanagementindia - t ..... X X X X Extracts X X X X X X X X Extracts X X X X
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