(1) Subject to the provisions of this Ordinance, it shall be the duty of the Board to protect the interest of investors in securities and to promote the development of, and to regulate the securities market by such measures es it thinks fit.
(2) Without prejudice to the generality of the foregoing provisions, the measures referred to therein may provide for—
(a) regulating the business in stock exchanges and any other securities markets;
(ft) registering and regulating the working of stock brokers, subbrokers, share transfer agents, bankers to an issue, trustees of trust deeds, registrars to an issue, merchant bankers, underwriters, portfolio managers, investment advisers and such other intermediaries who may be associated with securities markets in any manner;
(c) registering and regulating the working of collective investment schemes including mutual funds;
(d) promoting and regulating self-regulatory organisations;
(e) prohibiting fraudulent and unfair trade practices relating to securities markets;
(/) promoting investors' education and training of intermediaries of securities markets;
(g) prohibiting insider trading in securities;
Functions of Board.
14 of 1947.
6 THE GAZETTE OF INDIA EXTRAORDINARY [PART II—
(h) regulating substantial acquisition of shares and take-over of companies;
(i) calling for information from, undertaking inspection, conducting inquiries and audits of the stock exchanges and intermediaries and selfregulatory organisations in the securities market;
(y) performing such functions and exercisiug such powers under the provisions of the Capital Issues (Control) Act, 1947 and the Securities Contracts (Regulation) Act, 1956, as mav be delegated to it by the Central Government;
(k) levying fees or other charges for carrying out the purpose of this section;
(/) conducting research for the above purposes;
(ni) performing such other functions as may be prescribed.
29 of 1947.
42 of 1956.
CHAPTER V REGISTRATION CERTIFICATE