prpri Amendment in Rule 8 of Securities Contracts (Regulation) Rules, 1957 Amendment in Rule 8 of Securities Contracts (Regulation) Rules, 1957


(Department of Economic Affairs)


New Delhi, the 27th June, 2017

G.S.R. 664(E).—In exercise of the powers conferred by section 30 of the Securities Contracts (Regulation) Act, of 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 the Securities Contracts (Regulation) (Amendment) Rules, 2017.

(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 8, –

(i) in sub-rule (1), in clause (f),-

(a) the first proviso shall be omitted;

(b) for the second proviso, the following proviso shall be substituted, namely:-

“Provided that nothing herein shall be applicable to any corporations, bodies corporate, companies or institutions referred to in clauses (a) to (n) of sub-rule (8).

(ii) in sub-rule (3), in clause (f), in sub-clause (iii), for the words, brackets and letters “items (a) to (n) of the proviso to sub-rule (4)”, the words, brackets and letters “clauses (a) to (n) of sub-rule (8)”shall be substituted.

[F. No. 1/5/SM/2016]


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

(1) G.S.R 1096, dated the 14th July, 1967;

(2) G.S.R. 685, dated the 3rd June, 1972;

(3) G.S.R. 959, dated the 8th August, 1972;

(4) G.S.R. 2641, dated the 1st November, 1975;

(5) G.S.R. 1083, dated the 11th November, 1985;

(6) G.S.R. 666(E), dated the 20th July, 1987;

(7) G.S.R. 1070(E), dated the 15th November, 1988;

(8) G.S.R. 870(E), dated the 13th November, 1992;

(9) G.S.R. 617(E), dated the 20th September, 1993;

(10) G.S.R. 749(E), dated the 12th October, 1994;

(11) G.S.R. 790(E), dated the 7th November, 1994;

(12) G.S.R. 121(E), dated the 9th March, 1995;

(13) G.S.R. 291(E), dated the 27th March, 1995;

(14) G.S.R. 581(E), dated the 23rd December, 1996;

(15) G.S.R. 654(E), dated the 8th August, 2000;

(16) G.S.R. 655(E), dated the 8th August, 2000;

(17) G.S.R. 415(E), dated the 7th June, 2001;

(18) G.S.R. 696(E), dated the 28th August, 2003;

(19) G.S.R. 395(E), dated the 10th June, 2009;

(20) G.S.R. 469(E), dated the 4th June, 2010;

(21) G.S.R. 662(E), dated the 9th August, 2010;

(22) G.S.R. 705(E), dated the 24th October, 2013;

(23) G.S.R. 21(E), dated the 16th January, 2014;

(24) G.S.R. 611(E), dated the 22nd August, 2014;

(25) G.S.R. 682(E), dated the 19th September, 2014;

(26) GSR. 819(E), dated the 18th November, 2014; and;

(27) G.S.R. 125(E), dated the 25th February, 2015, and;

(28) G.S.R. 268(E), dated the 20th March, 2017.

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