Act Number: 15

Act Name: The Securities and Exchange Board of India Act, 1992

Year: 1992

Enactment Date: 1992-04-04

Long Title: An Act to provide for the establishment of a Board to protect the interests of investors in securities and to promote the development of, and to regulate, the securities market and for matters connected therewith or incidental thereto.

Ministry: Ministry of Finance

Department: Department of Economic Affairs

Section 8: Vacancies, etc., not to invalidate proceedings of Board.
        No act or proceeding of the Board shall be invalid merely by reason of---
             (a) any vacancy in, or any defect in the constitution of, the Board; or
             (b) any defect in the appointment of a person acting as a member of the Board; or
             (c) any irregularity in the procedure of the Board not affecting the merits of the case.
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