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Section 30 – The Securities and Exchange Board of India Act, 1992

The Securities and Exchange Board of India Act, 1992

 

30. POWER TO MAKE REGULATIONS.

 

(1) The Board may, with the previous approval of the Central Government, by notification, make regulations consistent with this Act and the rules made there under to carry out the purposes of this Act.

 

(2) In particular, and without prejudice to the generality of the foregoing power, such regulations may provide for all or any of the following matters, namely :-

 

(a) the times and places of meetings of the Board and the procedure to be followed at such meetings under sub-section (1) of section 7 including quorum necessary for the transaction of business;

 

(b) the terms and other conditions of service of officers and employees of the Board under sub-section (2) of section 9;

 

(c) the matters relating to issue of capital, transfer of securities and other matters incidental thereto and the manner in which such matters shall be disclosed by the companies under section 11A;

 

(d) the conditions subject to which certificate of registration is to be issued, the amount of fee to be paid for certificate of registration and the manner of suspension or cancellation of certificate of registration under section 12.

 

 

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The Securities and Exchange Board of India Act, 1992

 

Indian Laws – Bare Acts

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