In exercise of the powers conferred by clauses (a) and (b) of sub-section (1) of section 642 of the Companies Act, 1956 (1 of 1956), the Central Government hereby makes the following rules further to amend the Companies (Central Government’s) General Rules and Forms, 1956, namely.
It is brought to the notice of the Board by Air Cargo Commissionerate, Delhi that certain exporters are attempting to export various populated cards like COT SML Card, COT, Power Card, COT Transport Card, COT PSTN Line Card etc. which are used in telecom transmission equipments, and availing DEPB benefit for such exports under DEPB entry at S.No.39.
As per Section 12(1) of the SEBI Act, 1992 read with Rule 3 of Securities and Exchange Board of India (Stock Brokers and Sub-Brokers ) Rule 1992, no sub broker shall buy, sell, deal in securities, unless he holds a certificate granted by the Board under the Regulations.
