Amendment of section 14.

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..... In the Securities and Exchange Board of India Act, 1992 (15 of 1992.) (hereafter in this Part referred to as the principal Act), in section 14,- (i) in sub-section (2), after clause (c), the follow .....

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..... h Reserve Fund and such fund shall not exceed the total of annual expenditure of preceding two financial years. (4) After incurring all the expenses referred to in sub-section (2) and transfer to Re .....

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