Securities Contracts (Regulation) (Second Amendment) Rules, 2021

Securities Contracts (Regulation) (Second Amendment) Rules, 2021

MINISTRY OF FINANCE

(Department of Economic Affairs) 

NOTIFICATION

New Delhi, the 30th July, 2021

Securities Contracts
G.S.R. 520(E).—In exercise of the powers conferred by section 30 of the Securities Contracts (Regulation) Act, 1956 (42 of 1956), the Central Government hereby makes the following rules further to amend the Securities Contracts (Regulation) Rules, 1957, namely:—

1. (1) These rules may be called as Securities Contracts (Regulation) (Second Amendment) Rules, 2021.

(2) They shall come into force on the date of their publication in the Official Gazette.

2. In the Securities Contracts (Regulation) Rules, 1957, in rule 19A, after sub-rule (5) the following sub-rule shall be inserted, namely :-

“(6) Notwithstanding anything contained in sub-rules (1) to (5), the Central Government may, in the public interest, exempt any listed public sector company from any or all of the provisions of this rule.”

[F. No. 5/35/CM/2006 Volume- III]
A. M. BAJAJ, Addl. Secy. (Financial Markets)

Note: The principal rules were published in the Gazette of India, Extraordinary, Part II, Section 3 vide number S.R.O. 576, dated the 21st February, 1957 and subsequently amended vide numbers as under:


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