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Section 30

The Securities and Exchange Board of India Ordinance, 1992Ordinance · 1992

(1) The Board may, with the previous approval of the Central Government, by notification, make regulations consistent with this Ordinance and the rules made thereunder generally to carry out the purposes of this Ordinance.

(2) In particular, and without prejudice to th e generality of the foregoing power, such regulations may provide for all or any of the following matters, namely:—

(a) the times and places of meetings of the Board and the procedure to be followed at such meetings under sub-section (1) of section 7 including quorum necessary for the transaction of business;

(b) the termg and other conditions of service of officers and employees of the Board under sub-section (2) of section &;

(c) the amount of fee to be paid for registration certificate and manner of suspension or cancellation of registration certificate under sub-sections (2) and (3) of section 12.

31. Every rule and every regulation made under this Ordinance shall be laid, as soon as may be after it is made, before each House of Parliament, while it is in session, for a total period of thirty days which may be comprised in one session or in two or more successive Sessions, and if, before the expiry of the session immediately following the session or the successive sessions aforesaid, both Houses agree in making any modification in the rule or regulation or both Houses agree that the rule or regulation .should not be made, the rule or regulation shall thereafter have effect only in such modified form or be of no effect, as the case may be; so, however, that any such modification or annulment shall be without prejudice to the validity of anything previously done under that rule or regulation

32. The provisions of this Ordinance shall be in addition to, and not in derogation of, the provisions of any other law for the time being in force.

33. The enactments specified in Parts I and II of the Schedule to this Ordinance shall be amended in the manner specified therein and such amendments shall take effect on the date of establishment of the Board.

Where this provision sits

ActThe Securities and Exchange Board of India Ordinance, 1992
Section30
StatusIn force as published by the source

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