Home India Ministry of Finance Central Government hereby makes the following rules further ...
Date: 2020-07-31 Category: Extra Ordinary State: Union Government Country: India

Central Government hereby makes the following rules further to amend the Securities Contracts Regulation

Issued by Ministry of Finance · Department of Economic Affairs

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Executive Summary & Key Takeaways

Executive Summary: This notification, GSR 485E, issued by the Department of Economic Affairs, Ministry of Finance, on July 31, 2020, amends the Securities Contracts Regulation Rules, 1957. It's called the Securities Contracts Regulation Second Amendment Rules, 2020, and it comes into force on the date of its publication in the Official Gazette. The amendment modifies the proviso in subrule 1 of rule 19A, changing "two years" to "three years." Key Points / Main Content: * **Amendment Details:** * The Securities Contracts Regulation Rules, 1957 are amended. * In rule 19A, subrule 1, the term "two years" is replaced with "three years." * **Regulatory Information:** * Authority: Section 30 of the Securities Contracts Regulation Act, 1956 (42 of 1956). * Notification: G.S.R. 485(E). * Date of Notification: 31st July, 2020. * The principal rules were published in the Gazette of India, Extraordinary, Part II, Section 3 on February 21, 1957. * This rule has been amended several times, as listed in the document. Impact Analysis: * **Securities Market Participants:** * Impact: Affected by the change in the time period from two to three years as specified in rule 19A subrule 1 of the Securities Contracts Regulation Rules, 1957. * Action Required: Adapt internal policies and procedures to reflect the updated time frame. * **Central Government:** * Impact: Responsible for enforcing the amended regulations. * Action Required: Ensure compliance with the updated regulations.

Key Entities Referenced

Securities Contracts Regulation Act, 1956: An act of the Indian Parliament regulating securities contracts. Securities Contracts Regulation Rules, 1957: Rules framed under the Securities Contracts Regulation Act, 1956. Ministry of Finance: A ministry in the Government of India responsible for financial matters. Department of Economic Affairs: A department within the Ministry of Finance. New Delhi: The capital of India, where the notification was issued. A. M. Bajaj: Additional Secretary, Financial Markets, as indicated in the document. Securities Contracts Regulation Second Amendment Rules, 2020: Amendment to the Securities Contracts Regulation Rules, 1957. Official Gazette: A government publication where official notifications are published.
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रजिस्ट्री स.ं डी.एल.- 33004/99 REGD. No. D. L.-33004/99 सी.जी.-डी.एल.-अ.-31072020-220809 xxxGIDHxxx CG-DL-E-31072020-220809 xxxGIDExxx असाधारण EXTRAORDINARY भाग II—खण् ड 3—उप-खण्ड (i) PART II—Section 3—Sub-section (i) प्राजधकार स ेप्रकाजित PUBLISHED BY AUTHORITY स.ं 380] नई दिल्ली, िुक्रिार, िुलाई 31, 2020/श्रािण 9, 1942 No. 380] NEW DELHI, FRIDAY, JULY 31, 2020/SRAVANA 9, 1942 जित्त मंत्रालय (आर्थकि काय ि जिभाग) अजधसचू ना नई दिल्ली, 31 िुलाई, 2020 सा.का.जन. 485(अ).— केंद्रीय सरकार, प्रजतभूजत संजििा (जिजनयमन) अजधजनयम, 1956 (1956 का 42) की धारा 30 द्वारा प्रित् त िजतत यक का प्रय ग करत े ए,ए, प्रजतभूजत संजििा (जिजनयमन) जनयम, 1957 का और संि धन करन े के जलए जनम न जलजखत जनयम बनाती ह,ै अथाित :- 1. (1) सजं िप्त नाम और प्रारंभ :— इन जनयमक का संजिप्त नाम प्रजतभूजत संजििा (जिजनयमन) (जद्वतीय संि धन) जनयम, 2020 ह।ै (2) य ेरािपत्र म ेंप्रकािन की तारीख क प्रिृत् त हकगे। 2. प्रजतभूजत संजििा (जिजनयमन) जनयम, 1957 में, जनयम 19क के, उप-जनयम (1) के, परंतुक में, ‘‘ि िर्ि’’ िब्िक के स्ट्थान पर ‘‘तीन िर्’ि’ िब्ि रखे िाएगं ।े [फा. स.ं 5/35/सीएम/2006 िॉल्यूम-III] ए. एम. बिाि, अजतररक्त सजचि (जित्तीय बािार) 3476 GI/2020 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(i)] रिप्प ण : मलू जनयम, भारत के रािपत्र, असाधारण, भाग- II, खंड 3 में अजधसूचना संखयांक का.जन.आ. 576 दिनांक 21 फरिरी, 1957 द्वारा प्रकाजित दकए गए थे और तत्प श् चात जन‍न जलजखत अजधसूचना संख यांकक द्वारा संि जधत दकए गए थे - 1. सा.का.जन.1096, तारीख 14 िुलाई, 1967; 2. सा.का.जन. 685, तारीख 3 िनू , 1972; 3. सा.का.जन. 959, तारीख 8 अगस्ट् त, 1972; 4. सा.का.जन. 2641, तारीख 1 नि‍ बर, 1975; 5. सा.का.जन. 1083, तारीख 11 नि‍ बर, 1985; 6. सा.का.जन. 666 (अ), तारीख 20 िुलाई, 1987; 7. सा.का.जन. 1070 (अ), तारीख 15 नि‍ बर, 1988; 8. सा.का.जन. 870 (अ), तारीख 13 नि‍ बर, 1992; 9. सा.का.जन. 617 (अ), तारीख 20 जसत‍ब र, 1993; 10. सा.का.जन. 749 (अ), तारीख 12 अत तूबर, 1994; 11. सा.का.जन. 790 (अ), तारीख 7 नि‍ बर, 1994; 12. सा.का.जन. 121 (अ), तारीख 9 माचि, 1995; 13. सा.का.जन. 291 (अ), तारीख 27 माचि, 1995; 14. सा.का.जन. 581 (अ), तारीख 23 दिस‍ बर, 1996; 15. सा.का.जन. 654 (अ), तारीख 8 अगस्ट् त, 2000; 16. सा.का.जन. 655 (अ), तारीख 8 अगस्ट् त, 2000; 17. सा.का.जन. 415 (अ), तारीख 7 िून, 2001; 18. सा.का.जन. 696 (अ), तारीख 28 अगस्ट् त, 2003; 19. सा.का.जन. 395 (अ), तारीख 10 िून, 2009; 20. सा.का.जन. 469 (अ), तारीख 4 िून, 2010; 21. सा.का.जन. 662 (अ), तारीख 9 अगस्ट् त, 2010; 22. सा.का.जन. 705 (अ), तारीख 24 अत तूबर, 2013 23. सा.का.जन. 21 (अ), तारीख 16 िनिरी, 2014 24. सा.का.जन. 611 (अ), तारीख 22 अगस्ट् त, 2014 25. सा.का.जन. 682 (अ), तारीख 19 जसत‍ब र, 2014; 26. सा.का.जन. 819 (अ.), तारीख 18 नि‍ बर, 2014; 27. सा.का.जन. 125 (अ), तारीख 25 फरिरी, 2015; 28. सा.का.जन. 268 (अ), तारीख 20 माचि, 2017; और 29. सा.का.जन. 664 (अ), तारीख 27 िून, 2017. 30. सा.का.जन. 882(अ), तारीख 3 िुलाई, 2017 31. सा.का.जन. 675(अ), तारीख 25 िुलाई, 2018 32. सा.का.जन. 738(अ), तारीख 3 अगस्ट्त, 2018 और 33. सा.का.जन. 189(अ), तारीख 19 माच,ि 2020.[भाग II—खण् ड 3(i)] भारत का रािपत्र : असाधारण 3 MINISTRY OF FINANCE (Department of Economic Affairs) NOTIFICATION New Delhi, the 31st July, 2020 G.S.R. 485(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. Short title and commencement. – (1) These rules may be called as Securities Contracts (Regulation) (Second Amendment) Rules, 2020. (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, in sub-rule (1), in the proviso, for the words “two years” the words “three years” shall be substituted. [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 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) GS.R. 819 (E), dated the 18th November, 2014; (27) G.S.R. 125(E), dated the 25th February, 2015;4 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(i)] (28) G.S.R. 268(E), dated the 20th March, 2017; (29) G.S.R. 664(E), dated the 27th June, 2017; (30) G.S.R. 822(E), dated the 3rd July, 2017 (31) G.S.R. 675 (E), dated the 25thJuly, 2018. (32) G.S.R. 738(E), dated the 3rd August, 2018 and (33) G.S.R. 189(E), dated the 19th March, 2020 Uploaded by Dte. of Printing at Government of India Press, Ring Road, Mayapuri, New Delhi-110064 and Published by the Controller of Publications, Delhi-110054.

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