Section 30:
Power to make rules.
(1) The Central Government may, by notification in the Official Gazette,
make rules for the purpose of carrying into effect the objects of this Act.
(2) In particular, and without prejudice to the generality of the foregoing power, such rules may
provide for,--
(a) the manner in which applications may be made, the particulars which they should contain and
the levy of a fee in respect of such applications;
(b) the manner in which any inquiry for the purpose of recognising any stock exchange may be
made, the conditions which may be imposed for the grant of such recognition, including conditions as
to the admission of members if the stock exchange concerned is to be the only recognised stock
exchange in the area; and the form in which such recognition shall be granted;
(c) the particulars which should be contained in the periodical returns and annual reports to be
furnished to the Central Government;
(d) the documents which should be maintained and preserved under section 6 and the periods for
which they should be preserved;
(e) the manner in which any inquiry by the governing body of a stock exchange shall be made
under section 6;
(f) the manner in which the bye-laws to be made or amended under this Act shall before being so
made or amended be published for criticism;
(g) the manner in which applications may be made by dealers in securities for licences under
section 17, the fee payable in respect thereof and the period of such licences, the conditions subject to
which licences may be granted, including conditions relating to the forms which may be used in
making contracts, the documents to be maintained by licensed dealers and the furnishing of periodical
information to such authority as may be specified and the revocation of licences for breach of
conditions;
1[(h) the requirements which shall be complied with--
(A) by public companies for the purpose of getting their securities listed on any stock
exchange;
(B) by collective investment scheme for the purpose of getting their units listed on any stock
exchange.]
2[(ha) the grounds on which the securities of a company may be delisted from any recognised
stock exchange under sub-section (1) of section 21A;
(hb) the form in which an appeal may be filed before the Securities Appellate Tribunal under
sub-section (2) of section 21A and the fees payable in respect of such appeal;
(hc) the form in which an appeal may be filed before the Securities Appellate Tribunal under
section 22A and the fees payable in respect of such appeal;
(hd) the manner of inquiry under sub-section (1) of section 23-I;
(he) the form in which an appeal may be filed before the Securities Appellate Tribunal under
section 23L and the fees payable in respect of such appeal;]
(i) any other matter which is to be or may be prescribed.
3[(3) Every rule made under this Act shall be laid, as soon as may be after it is made, before each
House of Parliament, while it is in session, for a total period of thirty days which may be comprised in
one session or in two or more successive sessions, and if, before the expiry of the session immediately
following the session or the successive sessions aforesaid, both Houses agree in making any modification
in the rule or both Houses agree that the rule should not be made, the rule shall thereafter have effect only
in such modified form or be of no effect, as the case may be; so, however, that any such modification or
annulment shall be without prejudice to the validity of anything previously done under that rule.]
Notes:
1 Subs. by Act 31 of 1999, s. 10, ibid, for clause (h) (w.e.f. 22-2-2000).
2. Subs. by Act 1 of 2005, s. 15, for clause (ha) (w.e.f.12-10-2004).
3. Subs. by s. 15, ibid., for sub-section (3) (w.e.f. 12-10-2004).