Securities and Exchange Board of India (Procedure for holding inquiry and imposing penalties by adjudicating officer) Amendment Rules, 2006. - F.No. 5/6/PM/2006 - S.O. 1961(E) - SEBI

MINISTRY OF FINANCE (Department of Economic Affairs) (CAPITAL MARKET DIVISION) NOTIFICATION New Delhi, the 14th November, 2006 S.O. 1961(E).- In exercise of the powers conferred by clause (da) of sub-section (2) of Section 29 of the Securities and Exchange Board of India Act, 1992, the Central Government hereby makes the following rules to further amend the Securities and Exchange Board of India (Procedure for holding inquiry and imposing penalties by adjudicating officer) Rules, 1995, namely:- 1. (i) These rules may be called the Securities and Exchange Board of India (Procedure for holding inquiry and imposing penalties by adjudicating officer) Amendment Rules, 2006. (ii) They shall come into force on the date of their notification in the Official Gazette. 2. In the Securities and Exchange Board of India (Procedure for holding inquiry and imposing penalties by adjudicating officer) Rules, 1995- (i) in rule 4, in sub-rule (1), for the words, figures and letters sections 15A, 15B, 15C, 15D, 15E, 15F, 15G and 15H at both the places where they occur, the words, figures and letters sections 15A, 15B, 15C, 15D, 15E, 15F, 15G, 15HA and 15HB shall be substituted; (ii) in rule 4, after sub-rule (5), the following sub-rule shall be inserted, namely:- (5A) - The Board may appoint a presenting officer in an inquiry under this rule. [F.No. 5/6/PM/2006] Dr. K.P KRISHNAN, Jt. secy. Note: The Principle rules were published in the Gazette of India vide No. G.S.R. 541(E), dated 10th July, 1995.