What is section 15I of Sebi Act 1992?
– Whoever fails to comply with any provision of this Act, the rules or the regulations made or directions issued by the Board thereunder for which no separate penalty has been provided, shall be liable to a penalty which may extend to one crore rupees.] 15I. Power to adjudicate.
Which of the following below are registered as intermediaries under section 12 of SEBI Act?
Section 12(1) provides that no stock broker, sub-broker, share transfer agent, banker to an issue, trustee of trust deed, registrar to an issue, merchant banker, underwriter, portfolio manager, investment adviser and such other intermediary who may be associated with securities market shall buy, sell or deal in …
Which section of the ACB I Act 1992 deals with the listing of securities?
Section 11
Section 11 in The Securities and Exchange Board of India Act, 1992. (1) Subject to the provisions of this Act, it shall be the duty of the Board to protect the interests of investors in securities and to promote the development of, and to regulate the securities market, by such measures as it thinks fit.
Which section of SEBI acts with the condition for removal of a member of SEBI from office?
10[* * *] The Central Government shall remove a member from office if he— (a) is, or at any time has been, adjudicated as insolvent; (b) is of unsound mind and stands so declared by a competent court; (c) has been convicted of an offence which, in the opinion of the Central Government, involves a moral turpitude; (d) …
Who has power to grant immunity?
Immunity can be granted by the Commissioner on his satisfaction.
What is 11B SEBI?
1[11B. Power to issue directions.—Save as otherwise provided in section 11, if after making or causing to be made an enquiry, the Board is satisfied that it is necessary— (i) in the interest of investors, or orderly development of securities market; or.
Who can remove the chairman and members of SEBI?
(2) Notwithstanding anything contained in sub-section (1), the Central Government shall have the right to terminate the services of the Chairman or a member appointed under clause (d) of sub-section (1) of section 4, at any time before the expiry of the period prescribed under sub-section (1), by giving him notice of …
Who appoints SEBI chairman?
The SEBI is managed by its members, which consists of the following: The chairman is nominated by the Union Government of India. Two members, i.e., Officers from the Union Finance Ministry. One member from the Reserve Bank of India.
Who can remove Chairman & member of SEBI?
Where can the first appeal against SEBI be made?
the Central Government
Persons aggrieved by an order of the SEBI passed under the SEBI Act can prefer an appeal to the Central Government under section 20 of the SEBI Act.
What happens if you are granted immunity?
The grant of immunity impairs the witness’s right to invoke the Fifth Amendment protection against self-incrimination as a legal basis for refusing to testify. Per 18 U.S.C. § 6002, a witness who has been granted immunity but refuses to offer testimony to a federal grand jury may be held in contempt.
Who has right to established SEBI?
The Structural Set Up of SEBI India The Chairman – Nominated by the Indian Union Government. Two members belonging to the Union Finance Ministry of India. One member belonging to the Reserve Bank of India or RBI. Other five members – Nominated by the Union Government of India.
When did the SEBI Act come into force?
BE it enacted by Parliament in the Forty-third Year of the Republic of India as follows:- (1) This Act may be called the Securities and Exchange Board of India Act, 1992. (2) It extents to the whole of India. (3) It shall be deemed to have come into force on the 30th day of January, 1992.
What is Section 12A of the Securities and Exchange Board of India Act?
Section 12A in The Securities and Exchange Board of India Act, 1992 *12A. Prohibition of manipulative and deceptive devices, insider trading and substantial acquisition of securities or control.—No person shall directly or indirectly—
When did Securities and Exchange Board of India Act 1992 come into force?
1. (1) This Act may be called the Securities and Exchange Board of India Act, 1992. (2) It extends to the whole of India. (3) It shall be deemed to have come into force on the 30th day of January, 1992.