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 offic
Section 7	:	Meetings
Section 8	:	Vacancies, etc., not to invalidate proceedings of Board
Section 9	:	Officers and employees of the Board
Section 7A	:	Member not to participate in meetings in certain cases
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 15I	:	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 15-O	:	Salary and allowances and other terms and conditions of service of Presiding Officers
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 15MA	:	The Presiding Officer and Judicial Members of the Securities Appellate Tribunal ......
Section 15MB	:	The Technical Members of the Securities Appellate Tribunal shall be appointed .............
Section 15MC	:	No appointment of the Presiding Officer, a Judicial Member or a Technical Member ..........
Section 15N	:	Tenure of office of Presiding Officer and other Members of Securities Appellate Tribunal
Section 15P	:	Filling up of vacancies
Section 15PA	:	In the event of occurrence of any vacancy in the office of the Presiding Officer of the Securities Appellate Tribunal by reason ..............
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	:	Power to exempt
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	:	Amendment of certain enactments
Section 34	:	Power to remove difficulties
Section 34A	:	Validation of certain acts
Section 35	:	Repeal and saving