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

MINISTRY OF FINANCE

(Department of Economic Affairs)

NOTIFICATION

New Delhi, the 30th July, 2021

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]

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 21^st February, 1957 and subsequently amended vide numbers as under:

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

(22) G.S.R.705 (E), dated the 25^th October, 2013;

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

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

(25) G.S.R.682 (E), dated the 22^ndSeptember, 2014;

(26) 819(E), dated the 19^th November, 2014;

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

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

(29) G.S.R. 664(E), dated the 28^th June, 2017;

(30) G.S.R. 822(E), dated the 3^rd July, 2017;

(31) G.S.R 675(E), dated the 25thJuly, 2018;

(32) G.S.R. 738(E), dated the 3^rd August, 2018;

(33) G.S.R. 189(E), dated the 19^th March, 2020,

(34) G.S.R. 485(E), dated the 31^st July, 2020 and

(35) G.S.R. 423 (E), dated the 19th June, 2021.