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THE SECURITIES AND EXCHANGE BOARD OF INDIA ACT, 1992

Title : THE SECURITIES AND EXCHANGE BOARD OF INDIA ACT, 1992

Year : 1992



The Central Government may, after due appropriation made by Parliament by law in this behalf, make to the Board grants of such sums of money as that Government may think fit for being utilised for the purposes of this Act.



(1) There shall be constituted a Fund to be called the Securities and Exchange Board of India General Fund and there shall be credited thereto-

(a) All grants, fees and charges received by the Board under this Act; 1 [***]

2 [***]

(b) All sums received by the Board from such other sources as may be decided upon by the Central Government.

(2) The Fund shall be applied for meeting-

(a) The salaries, allowances and other remuneration of the members, officers, and other employees of the Board;

(b) The expenses of the Board in the discharge of its functions under section 11;

(c) The expenses on objects and for purposes authorised by this Act.

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1. The word "and" omitted by Act 9 of 1995, section 7 (w.r.e.f. 25-1-1995).

2. Clause "(aa) all sums realised by way of penalties under this Act; and" Inserted by Act 9 of 1995, section 8 (w.r.e.f. 25-1-1995) and omitted by  Act 59 of 2002, section 8 (w.r.e.f. 29-10-2002).

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Last updated on July, 2016

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