रजिस्ट्री सं. डीएल(एन)-04/0007/2003—05 REGISTERED No. DL(N)–04/0007/2003—05
सत्यमेव जयते
साप्ताहिक/WEEKLY
प्राध्किार से प्रकाशित
PUBLISHED BY AUTHORITY
सं. 24] नई दिल्ली, शनिवार, जून 17—जून 23, 2017 (ज्येष्ठ 27, 1939)
No. 24] NEW DELHI, SATURDAY, JUNE 17—JUNE 23, 2017 (JYAISTHA 27, 1939)
इस भाग में भिन्न पृष्ठ संख्या दी जाती है जिससे कि यह अलग संकलन के रूप में रखा जा सके
(Separate paging is given to this Part in order that it may be filed as a separate compilation)
भाग IV
[PART IV]
[गैर-सरकारी व्यक्तियों और गैर-सरकारी संस्थाओं के विज्ञाापन और सूचनाएं]
[Advertisements and Notices issued by Private Individuals and Private Bodies]
——————
NOTICE
NO LEGAL RESPONSIBILITY IS ACCEPTED FOR THE PUBLICATION OF ADVERTISEMENTS/PUBLIC NOTICES IN THIS PART OF THE GAZETTE OF INDIA. PERSONS NOTIFYING THE ADVERTISEMENTS/PUBLIC NOTICES WILL REMAIN SOLELY, RESPONSIBLE FOR THE LEGAL CONSEQUENCES AND ALSO FOR ANY OTHER MISREPRESENTATION ETC.
BY ORDER I hitherto known as KAMLESH wife of PANKAJ VASHISHT, employed as Assistant Professor (Guest) in the Institute of Home Economics, residing at RZ A 10, First Floor, Jain Park, Uttam Nagar, New Delhi-110059, have changed my name and shall hereafter be known as KAMLESH NARWANA.
It is certified that I have complied with other legal
requirements in this connection.
Controller of Publication
CHANGE OF NAME
I hitherto known as SURINDER KAUR Wife of Late Sh. PREM LAL, residing at V.P.O- Danewal, Tehsil- Shah Kot, Distt. Jalandhar, Punjab-144041, have changed my name and shall hereafter be known as JASWINDER KAUR.
It is certified that I have complied with other legal
requirements in this connection.
SURINDER KAUR [Signature (in existing old name)]
1—120 GI/2017
KAMLESH [Signature (in existing old name)]
————
I hitherto known as KAKUL alias JYOTISH PATHAK son of YOGESH PATHAK, residing at 8, MIG New Avas Vikas Saharanpur, have changed my name and shall hereafter be known as JYOTISH PATHAK.
It is certified that I have complied with other legal
requirements in this connection.
KAKUL alias JYOTISH PATHAK [Signature (in existing old name)]
(1187)1188 THE GAZETTE OF INDIA, JUNE 17, 2017 (JYAISTHA 27, 1939) [PART IV I hitherto known as SHYAMNANDAN KUMAR S/o RAMJEE BARHI, residing at Room No.602, Old Boys Hostel, GTB Hospital-Campus, Dilshad Garden, Delhi-110095, have changed my name and shall hereafter be known as SHYAM NANDAN SHARMA.
It is certified that I have complied with other legal
requirements in this connection.
SHYAMNANDAN KUMAR [Signature (in existing old name)]
————
I hitherto known as BITTA SINGH S/o DARSHAN SINGH, employed in own Business, residing at VPO Sang Dhesian, Tehsil Phillaur, Distt. Jalandhar-144409, Punjab, have changed my name and shall hereafter be known as LAKHVIR SINGH.
It is certified that I have complied with other legal
requirements in this connection.
BITTA SINGH [Signature (in existing old name)]
————
I hitherto known as RAJ RANI Wife of HARISH KUMAR, residing at H.No. WS-85, MOHALLA TELIAN, BASTI SHEIKH, JALANDHAR, (PUNJAB), have changed my name and shall hereafter be known as RAJNI.
It is certified that I have complied with other legal
requirements in this connection.
RAJ RANI [Signature (in existing old name)]
————
I hitherto known as PARWATI D/o Late Shri RAJ KUMAR, residing at H-383, JJ. Camp Tigri, New Delhi, have changed my name and shall hereafter be known as GAURI KOHLI.
It is certified that I have complied with other legal
requirements in this connection.
PARWATI [Signature (in existing old name)]
————
I hitherto known as KULDEEP KUMAR or KULDEEP KUMAR GOGIA S/o PRABHU DAYAL GOGIA, self employed in the business, residing at C-66, S/F Dayanand Colony, Lajpat Nagar-IV, New Delhi-110024, have changed my name and shall hereafter be known as KULDEEP GOGIA.
It is certified that I have complied with other legal
requirements in this connection.
KULDEEP KUMAR or KULDEEP KUMAR GOGIA [Signature (in existing old name)] I hitherto known as MAHTAB AALAM Son of BAKHTYAR ALAM, residing at Flat No. 2096, DDA Janta Flat, GTB Enclave, Nand Nagri, Delhi-110093, have changed my name and shall hereafter be known as MEHTAB ALAM.
It is certified that I have complied with other legal
requirements in this connection.
MAHTAB AALAM [Signature (in existing old name)]
————
I hitherto known as AFTAB Son of SIRAJUDDIN residing at F-1, First floor, Plot No. 771, Shalimar Garden Extension-1, Ghaziabad, UP-201005, have changed my name and shall hereafter be known as AFTAB SIDDIQUI.
It is certified that I have complied with other legal
requirements in this connection.
AFTAB [Signature (in existing old name)]
————
I, DINKAR KUMAR Son of Shri AWADHESH SINGH, employed as Tech Lead in the RBS, Sector-21, Gurgaon, Haryana-122002, residing at C-18, 2nd Floor, Sanwal Nagar, Near Sadiq Nagar, New Delhi-110049, have changed the name of my minor son RAUNAK KUMAR aged 9 years and he shall hereafter be known as RAUNAK SINGH.
It is certified that I have complied with other legal
requirements in this connection.
DINKAR KUMAR [Signature of Guardian]
————
I hitherto known as ASHOK KUMAR Son of Late Sh. R. S. BAJAJ, employed as Head Assistant in NDMC, New Delhi, residing at 5/5, 4th Floor, Old Rajinder Nagar, New Delhi-110060, have changed my name and shall hereafter be known as ASHOK BAJAJ.
It is certified that I have complied with other legal
requirements in this connection.
ASHOK KUMAR [Signature (in existing old name)]
————
I hitherto known as AVANI TEWARI Daughter of NAVEEN CHANDRA TEWARI, residing at C-5/3, 1st Floor, Grand Vasant, Vasant Kunj, New Delhi-110070, have changed my name and shall hereafter be known as AVANEE TEWARI.
It is certified that I have complied with other legal
requirements in this connection.
AVANI TEWARI [Signature (in existing old name)]PART IV] THE GAZETTE OF INDIA, JUNE 17, 2017 (JYAISTHA 27, 1939) 1189 I, hitherto known RAVINDER PAL SINGH S/o SANTOKH SINGH, residing at B-1/48, Mohalla Qazipura, Old Shahpur Road, Pathakot, Punjab-145001, have changed the name of my minor daughter AFREEN KAUR aged about 2 years and she shall hereafter be known as AVLEEN KAUR.
It is certified that I have complied with other legal
requirements in this connection.
RAVINDER PAL SINGH [Signature of Guardian]
————
I hitherto known as SHISH PAL Son of RAM LAL, employed as Senior Tech. in the Northern Railway, Signal Workshop, Ghaziabad, residing at H.No. 1530, Chhota Kaila, Behind Devi Mandir Street No. 2, Ghaziabad, U.P.-201001, have changed my name and shall hereafter be known as SHISHPAL SINGH.
It is certified that I have complied with other legal
requirements in this connection.
SHISH PAL [Signature (in existing old name)]
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I hitherto known as USHA BECK D/o Sh. STEPHAN BACK W/o Sh. ALLWYN JOHN, R/o H. No. A-2/78, Phase-V, Aya Nagar, New Delhi-110047, have changed my name and shall hereafter be known as USHA ALLWYN JOHN.
It is certified that I have complied with other legal
requirements in this connection.
USHA BECK [Signature (in existing old name)]
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I, SUMEET BUTALIA S/o Shri B. S. BUTALIA, residing at D-21, Ground Floor, Jung Pura Extention, New Delhi- 110014, have changed the name of my minor Daughter GURSIMRAN BUTALIA aged 17 years and she shall hereafter be known as GURSIMRAN KAUR BUTALIA.
It is certified that I have complied with other legal
requirements in this connection.
SUMEET BUTALIA [Signature of Guardian]
————
I hitherto known as BHADRAWATI Wife of VIRENDER KUMAR, residing at Y-20, SHARMA COLONY, BUDH VIHAR, PHASE-II, NEAR TEEN MURTI MANDIR, NEW DELHI-110086, have changed my name and shall hereafter be known as BHADRA.
It is certified that I have complied with other legal
requirements in this connection.
BHADRAWATI [Signature (in existing old name)] I hitherto known as LALITA KEJRIWAL wife of Shri DEENDAYAL KEJRIWAL, residing at Flat No.94, Amba Enclave, Sector-9, Rohini, Delhi-110085, have changed my name and shall hereafter be known as LATA KEJRIWAL.
It is certified that I have complied with other legal
requirements in this connection.
LALITA KEJRIWAL [Signature (in existing old name)]
————
I hitherto known as ANIL KUMAR SHARMA alias ANIL KUMAR Son of GAURI SHANKER SHARMA, residing at B-281, GALI NO 15, RAMESH ENCLAVE, NEW DELHI- 110086, have changed my name and shall hereafter be known as ANIL SHARMA.
It is certified that I have complied with other legal
requirements in this connection.
ANIL KUMAR SHARMA alias ANIL KUMAR [Signature (in existing old name)]
————
I, MANMEET KAUR BHUTANI W/o Late S. INDERJEET SINGH BHUTANI, R/o GH-14/642, Paschim Vihar, New Delhi- 110087, have changed the name of my minor daughter TANISHA BHUTANI aged 15 years and she shall hereafter be known as TANISHA KAUR BHUTANI.
It is certified that I have complied with other legal
requirements in this connection.
MANMEET KAUR BHUTANI [Signature of Guardian]
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I, MANMEET KAUR BHUTANI W/o Late S. INDERJEET SINGH BHUTANI, R/o GH-14/642, Paschim Vihar, New Delhi- 110087, have changed the name of my minor daughter DASHMVEEN BHUTANI aged 17 years and she shall hereafter be known as DASHVEEN KAUR BHUTANI.
It is certified that I have complied with other legal
requirements in this connection.
MANMEET KAUR BHUTANI [Signature of Guardian]
————
I hitherto known as MANINDER SINGH TUNG S/o S. BALWINDER SINGH, residing at Village Tung, PO Hayar Nagar, Gurdaspur, Punjab, have changed my name and shall hereafter be known as MANINDER SINGH.
It is certified that I have complied with other legal
requirements in this connection.
MANINDER SINGH TUNG [Signature (in existing old name)]1190 THE GAZETTE OF INDIA, JUNE 17, 2017 (JYAISTHA 27, 1939) [PART IV I hitherto known as R P YADAV S/o M S YADAV, R/o Flat No. 702 Block G-2A, Golf Link, Residency Sector-18B, Dwarka, New Delhi-110078, have changed my name and shall hereafter be known as AMIT BIG B.
It is certified that I have complied with other legal
requirements in this connection.
R P YADAV [Signature (in existing old name)]
————
I hitherto known as AMIT AHUJA Son of SWAMI SURENDER DEV JI MAHARAJ, R/o Yogeshwar Devi Dayal Mahamandir, Block-8, Tilak Nagar, New Delhi-110018, have changed my name and shall hereafter be known as SWAMI AMIT DEV.
It is certified that I have complied with other legal
requirements in this connection.
AMIT AHUJA [Signature (in existing old name)]
————
I hitherto known as OM PRAKASH S/o Late Sh. AFLATOON, R/o H. No. 127/3, Saini Wali Gali No.3, Ram Pura, New Delhi- 110035, have changed my name and shall hereafter be known as OM PAL.
It is certified that I have complied with other legal
requirements in this connection.
OM PRAKASH [Signature (in existing old name)]
————
I hitherto known as NAMANPREET Son of SUKHVINDER SINGH, residing at 6764, Block-10, Street No. 3, Dev Nagar Karol Bagh, New Delhi-110005, have changed my name and shall hereafter be known as NAMANPREET SINGH.
It is certified that I have complied with other legal
requirements in this connection.
NAMANPREET [Signature (in existing old name)]
————
I hitherto known as CHAITANYA SETHI S/o Sh. RAJESH SETHI, R/o 132, Suraksha Enclave, Pitampura, Delhi-110034, have changed my name and shall hereafter be known as ROHAN SETHI.
It is certified that I have complied with other legal
requirements in this connection.
CHAITANYA SETHI [Signature (in existing old name)] I hitherto known as TRAPTI BATRA Wife of VIKAS KUKREJA, employed as Manager in the Bank of India, residing at B-731, Sainik Colony, Faridabad, have changed my name and shall hereafter be known as TRAPTI BATRA KUKREJA.
It is certified that I have complied with other legal
requirements in this connection.
TRAPTI BATRA [Signature (in existing old name)]
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I hitherto known as SHABANA KHAN D/o Sh. GULSHER ALI, R/o H.No. D-113/2, Chand Bagh, Delhi-110094, Delhi, have changed my name and shall hereafter be known as AREENA MALIK.
It is certified that I have complied with other legal
requirements in this connection.
SHABANA KHAN [Signature (in existing old name)]
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I hitherto known as BHUPENDRA KUMAR S/o Sh. OM PRAKASH TYAGI, R/o Flat Number-202, 2nd Floor, Plot No. 20-21, Vrindavan Green Near Rajnigandha Apartments, Dhanpat Rai Colony, GT Road, Sahibabad, Ghaziabad, Uttar Pradesh-201005, have changed my name and shall hereafter be known as BHUPENDRA KUMAR TYAGI.
It is certified that I have complied with other legal
requirements in this connection.
BHUPENDRA KUMAR [Signature (in existing old name)]
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I hitherto known as JANVI GULERIA D/o Sh. NAVAL KUMAR GULERIA, student, residing at House No. C-8 / F- 2, First Floor, Dilshad Colony, Delhi-110095, have changed my name and shall hereafter be known as JAANVI GULERIA.
It is certified that I have complied with other legal
requirements in this connection.
JANVI GULERIA [Signature (in existing old name)]
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I hitherto known as KAMLESH RANI Wife of HARISH KUMAR ARORA, residing at B-47, New Gupta Colony, Delhi-110009, have changed my name and shall hereafter be known as KAMLESH RANI ARORA.
It is certified that I have complied with other legal
requirements in this connection.
KAMLESH RANI [Signature (in existing old name)]PART IV] THE GAZETTE OF INDIA, JUNE 17, 2017 (JYAISTHA 27, 1939) 1191 I hitherto known as OMVATI alias OM VATI alias UMA wife of MITTERSEN, residing at 106-A, Taimoor Nagar, New Friends Colony, New Delhi-110065, have changed my name and shall hereafter be known as OM WATI.
It is certified that I have complied with other legal
requirements in this connection.
OMVATI alias OM VATI alias UMA [Signature (in existing old name)]
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I hitherto known as SHIKHA ARORA W/o SUNDEEP SHARMA, residing at D-22A, Main Market, Shakarpur, Delhi-110092, have changed my name and shall hereafter be known as URVASHI SHARMA.
It is certified that I have complied with other legal
requirements in this connection.
SHIKHA ARORA [Signature (in existing old name)]
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I hitherto known as APARNA MANOJ BHATT W/o MANOJ LILA BHATT, residing at D-69, 4th Floor-4B, Ram Sewak Niwas, Ganesh Nagar, Pandav Nagar Complex, Delhi-110092, have changed my name and shall hereafter be known as APARNA SHARMA BHATT.
It is certified that I have complied with other legal
requirements in this connection.
APARNA MANOJ BHATT [Signature (in existing old name)]
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I hitherto known as MANOJ KUMAR BHATT S/o LILADHAR BHATT, residing at D-69, 4th Floor-4B, Ram Sewak Niwas, Ganesh Nagar, Pandav Nagar Complex, Delhi-110092, have changed my name and shall hereafter be known as MANOJ LILA BHATT.
It is certified that I have complied with other legal
requirements in this connection.
MANOJ KUMAR BHATT [Signature (in existing old name)]
————
I hitherto known as MOHANI OBEROI W/o S. SURINDER SINGH OBEROI, residing at 2/3A, Double Storey, Vijay Nagar, Delhi-110009, have changed my name and shall hereafter be known as MOHANI KAUR OBEROI.
It is certified that I have complied with other legal
requirements in this connection.
MOHANI OBEROI [Signature (in existing old name)] I hitherto known as JASLEEN OBEROI D/o S. SURINDER SINGH OBEROI, residing at 2/3A, Double Storey, Vijay Nagar, Delhi-110009, have changed my name and shall hereafter be known as JASLEEN KAUR OBEROI.
It is certified that I have complied with other legal
requirements in this connection.
JASLEEN OBEROI [Signature (in existing old name)]
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I, RAKESH SURI S/o Late Sh. RAGHU NATH SURI, residing at H-1/164-165, 2nd Floor, Sector-11, Rohini, Delhi-110085, have changed the name of my minor Son TUSHAR aged 17 years and he shall hereafter be known as TUSHAR SURI.
It is certified that I have complied with other legal
requirements in this connection.
RAKESH SURI [Signature of Guardian]
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I hitherto known as GANESH RAM @ GANESH ARYA S/o Sh. KHEM RAM ARYA, residing at WZ-739/A, Second Floor, Palam, Delhi-110045, have changed my name and shall hereafter be known as GANESH ARYA.
It is certified that I have complied with other legal
requirements in this connection.
GANESH RAM @ GANESH ARYA [Signature (in existing old name)]
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I hitherto known as RAVI KUMAR CHAMBAIL S/o Sh. SANT RAM, residing at AB-83, Shalimar Bagh, Delhi-110088, have changed my name and shall hereafter be known as RAVI CHANDEL.
It is certified that I have complied with other legal
requirements in this connection.
RAVI KUMAR CHAMBAIL [Signature (in existing old name)]
————
I hitherto known as NIKHIL KUMAR S/o Sh. MAHENDER KUMAR (student), residing at 137/7, Sector-1, Pushp Vihar, New Delhi-110017, have changed my name and shall hereafter be known as NIKHIL KIRAR.
It is certified that I have complied with other legal
requirements in this connection.
NIKHIL KUMAR [Signature (in existing old name)]1192 THE GAZETTE OF INDIA, JUNE 17, 2017 (JYAISTHA 27, 1939) [PART IV I hitherto known as PRIYA TANDON Wife of Sh. RAKESH KUMAR, residing at H.No.1017, Sector-21, Gurgaon, Haryana-122016, have changed my name and shall hereafter be known as PRISHA SHARMA.
It is certified that I have complied with other legal
requirements in this connection.
PRIYA TANDON [Signature (in existing old name)]
————
I hitherto known as YASHWANTKUMAR MANAKATTUR SHEHNAI S/o Sh. SHANTAPPA MANAKATTUR NARASAPPA, employed as Assistant Director in NSD, All India Radio, Akashvani Bhawan Sansad Marg New Delhi- 110001, R/o D3/14, Radio Colony, Metro Staff Quarters, Kingsway Camp, Delhi-110009, have changed my name and shall hereafter be known as YASHWANT SHEHNAI.
It is certified that I have complied with other legal
requirements in this connection.
YASHWANTKUMAR MANAKATTUR SHEHNAI [Signature (in existing old name)]
————
I hitherto known as JOSE ABRAHAM MULAKUNNATH S/o Late ABRAHAM MULAKUNNATH CHERIAN, employed as Executive in the office of M/s. Gopal Das Estates & Housing Pvt. Ltd., residing at BG- 7/27, Paschim Vihar, New Delhi-110063, have changed my name and shall hereinafter be known as JOSE ABRAHAM.
It is certified that I have complied with other legal
requirements in this connection.
JOSE ABRAHAM MULAKUNNATH [Signature (in existing old name)]
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I hitherto known as KRISHAN NARAIN NIGAM Son of Late RAM NARAIN NIGAM, employed as Assistant Manager in Reserve Bank of India, Kanpur residing at House No. 18/126, Kursawan, Kanpur, have changed my name and shall hereafter be known as KISHAN NARAIN NIGAM.
It is certified that I have complied with other legal
requirements in this connection.
KRISHAN NARAIN NIGAM [Signature (in existing old name)]
————
I hitherto known as BABITA alias BABITA KUMARI alias RENU wife of Late Sh. ASHOK KUMAR, employed as Senior Office Associate in the BSNL residing at D-7/6757, Gali No. 04, Ram Nagar Colony, Islamabad, Amritsar, have changed my name and shall hereafter be known as BABITA.
It is certified that I have complied with other legal
requirements in this connection.
BABITA alias BABITA KUMARI alias RENU [Signature (in existing old name)] I hitherto known as PREETI RAHI wife of ANAND KUMAR SINGH, employed as AG-II (A/c), Regional Office, Food Corporation of India, residing at House No. A-5, Harsh Pride, Daldal Seoni, Mowa, Raipur, Chhattisgarh-492005, have changed my name and shall hereafter be known as PREETI SINGH.
It is certified that I have complied with other legal
requirements in this connection.
PREETI RAHI [Signature (in existing old name)]
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I hitherto known as RAGHWENDRA Son of KRISHNA KUMAR, by occupation student, residing at Sanjay Path, Dimna Road, Mango, Jamshedpur-831012, have changed my name and shall hereafter be known as RAGHWENDRA SINGH.
It is certified that I have complied with other legal
requirements in this connection.
RAGHWENDRA [Signature (in existing old name)]
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I hitherto known as SNEHA KUMARI D/o BHARAT SINGH, residing at Mundichak, P.O. and P.S.-Tilkamanjhi, Bhagalpur, Bihar-812001, have changed my name and shall hereafter be known as SNEHA SINGH.
It is certified that I have complied with other legal
requirements in this connection.
SNEHA KUMARI [Signature (in existing old name)]
————
I hitherto known as VEDANTAM SRINIVASA CHARY Son of LAKSHMINARASIMHA CHARY, employed as Engineering Assistant in All India Radio, Hyderabad, residing at H. No. 5-4-1211/2, Phase-I, Saradanagar, Vanasthalipuram, Hyderabad-500070 (Telangana State), have changed my name and shall hereafter be known as VEDANTHAM SRINIVASA CHARY.
It is certified that I have complied with other legal
requirements in this connection.
VEDANTAM SRINIVASA CHARY [Signature (in existing old name)]
————
I, SHRAVAN KUMAR NALLAM S/o N.BALAIAH, R/o Flat-403, Topaz Block, Sri Sairam Manor, Pragathinagar, Yousufguda, Hyderabad, T.S, Pin-500045, have changed the name of my minor son's name VIVEK NALLAM. aged 17 years and he shall hereafter be known as VIHAS NAMAN,
It is certified that I have complied with other legal
requirements in this connection.
SHRAVAN KUMAR NALLAM [Signature of Guardian]PART IV] THE GAZETTE OF INDIA, JUNE 17, 2017 (JYAISTHA 27, 1939) 1193 I hitherto known as VIKAS NALLAM S/o SHRAVAN KUMAR NALLAM, R/o Flat-403, Topaz Block, Sri Sairam Manor, Pragathinagar, Yousufguda, Hyderabad, T.S, Pin-500045, have changed my name and shall hereafter be known as VIKAS NAMAN.
It is certified that I have complied with other legal
requirements in this connection.
VIKAS NALLAM [Signature (in existing old name)]
————
I hitherto known as PATIBANDLA SKSV RAO @ S.SRINIVASA RAO PATIBANDLA S/o UDAYA BHASKARA RAO, R/o Hno-1-2-44/320/ Flat No-506, Maruthi Estates, Nagarjuna Homes, Hyder Nagar, Kukatpally, Hyderabad, T.S, Pin-50008, have changed my name and shall hereafter be known as PATIBANDLA SUDHAKAR.
It is certified that I have complied with other legal
requirements in this connection.
PATIBANDLA SKSV RAO @ S.SRINIVASA RAO PATIBANDLA [Signature (in existing old name)]
————
I hitherto known as ALAM KHAN S/o AURANGZEB KHAN, residing at HWZ-311, Naraina Village, New Delhi- 110028, have changed my name and shall hereafter be known as TAUKIR KHAN.
It is certified that I have complied with other legal
requirements in this connection.
ALAM KHAN [Signature (in existing old name)]
————
I hitherto known as MADIGA VENKATA RAMUDU S/o MADIGA VENKATANNA, residing at #202, SN SATHYA ENCLAVE, 4C-426, OMBR LAYOUT, BANASWADI, BANGALORE, Karnataka-560043, India, have changed my name and shall hereafter be known as MUDITA JAYASURYA.
It is certified that I have complied with other legal
requirements in this connection.
MADIGA VENKATA RAMUDU [Signature (in existing old name)]
————
I hitherto known as SIDHARTH AGARWAL S/o SHIV KUMAR AGARWAL, residing at, 268 H.I.G Old Avas Vikas Colony, Civil Lines, Rampur, Uttar Pradesh, 244901, India, have changed my name and shall hereafter be known as SIDDHARTH AGARWAL.
It is certified that I have complied with other legal
requirements in this connection.
SIDHARTH AGARWAL [Signature (in existing old name)] I hitherto known as KOMAL PRATAP SINGH S/o SURENDRA KUMAR, residing at Vill Pakharpur Post, Mandi Dhanaura Distt Amroha, Mandi Dhanaura, Uttar Pradesh, 244231, India, have changed my name and shall hereafter be known as ADITYA PRATAP SINGH.
It is certified that I have complied with other legal
requirements in this connection.
KOMAL PRATAP SINGH [Signature (in existing old name)]
————
I, SHEETAL CHADHA daughter of Mr. PRADEEP KUMAR CHADHA, residing at BD1, Eden Wood Cooperative Housing Society, Taleigao, Goa-403002, have changed the name of my minor daughter AANYA DEWAN aged 12 years and she shall hereafter be known as AANYA CHADHA.
It is certified that I have complied with other legal
requirements in this connection.
SHEETAL CHADHA [Signature of Guardian]
————
I hitherto known as SHOKI ALI Son of MOHAMAD ALAM, residing at Lakar Mandi, Railway Deepu, VPO. Dhilwan, Kapurthala, Punjab-144804, have changed my name and shall hereafter be known as SHOKI.
It is certified that I have complied with other legal
requirements in this connection.
SHOKI ALI [Signature (in existing old name)]
————
I hitherto known as HARPAL SINGH S/o SURJIT SINGH, residing at Rani Pind Distt. Hoshiarpur, Punjab-144202, have changed my name and shall hereafter be known as SARBJIT SINGH.
It is certified that I have complied with other legal
requirements in this connection.
HARPAL SINGH [Signature (in existing old name)]
————
I hitherto known as RAJA BABU Son of NIRMAL KUMAR PASWAN, employed as AIR FORCE CIVILIAN, residing at 7 AFLU T-82 DGCA COLONY AIR FORCE STATION BAGDOGRA, WB-734421, have changed my name and shall hereafter be known as RAJA PASWAN.
It is certified that I have complied with other legal
requirements in this connection.
RAJA BABU [Signature (in existing old name)]1194 THE GAZETTE OF INDIA, JUNE 17, 2017 (JYAISTHA 27, 1939) [PART IV I hitherto known as HARNOOR SINGH ARORA son of VIRDASS ARORA, residing at House No. 410, Industrial Area, Sodal Road, Jalandhar, Punjab-144004, have changed my name and shall hereafter be known as VIRAJ SINGHH.
It is certified that I have complied with other legal
requirements in this connection.
HARNOOR SINGH ARORA [Signature (in existing old name)]
————
I hitherto known as VALLI RAJASEKHAR Son of VALLU RAMBABU, employed in ONGC, residing at B-301, Aditya Apartments, Near Ishan Residency, New C.G. Road, Chandkheda, Ahmedabad-382424, Gujarat, have changed my name and shall hereafter be known as VALLU RAJASEKHAR.
It is certified that I have complied with other legal
requirements in this connection.
VALLI RAJASEKHAR [Signature (in existing old name)]
————
I hitherto known as DEO KUMAR S/o RAJ KUMAR MALLAH, residing at 56, Ground Floor, 6th A Cross 16th Main, BTM 2nd stage (EWS), Bangalore, Karnataka-560076, India, have changed my name and shall hereafter be known as DEV KUMAR.
It is certified that I have complied with other legal
requirements in this connection.
DEO KUMAR [Signature (in existing old name)]
————
I hitherto known as SOMNATH KUMAR Son of Late NUNU BEJ, Private employee and residing at Flat 301, #3, Akhil Residency, 2nd Main, SR Layout, Arekere, Bangalore-560076, have changed my name and shall hereafter be known as SOMNATH KUMAR BEJ.
It is certified that I have complied with other legal
requirements in this connection.
SOMNATH KUMAR [Signature (in existing old name)]
————
I hitherto known as VAGA RAM S/o SANVALA RAM, residing at Kh-29 Sahipur Village, Near Ndpl Office Sahipur, Shalimar Bagh, Delhi-110088, India, have changed my name and shall hereafter be known as VIKRAM RAJPUROHIT.
It is certified that I have complied with other legal
requirements in this connection.
VAGA RAM [Signature (in existing old name)] I hitherto known as SHASHANK JYOTI BARUAH S/o BIREN KANTA BARUAH, residing at Flat No 302, Plot No. 26, Phase No 2, Shree Ji krupa, Taloja Panchnand, Navi Mumbai, Maharashtra-410208, India, have changed my name and shall hereafter be known as RAJEEV B BARUAH.
It is certified that I have complied with other legal
requirements in this connection.
SHASHANK JYOTI BARUAH [Signature (in existing old name)]
————
I hitherto known as BHUVAN Son of Mr. N. K. ROHATGI, employed as Manager, System Administration, Canara Bank, MG Road, Bengaluru, Karnataka, residing at 160-D, Mansarovar Park, DDA Flats, Delhi-110032, have changed my name and shall hereafter be known as BHUVAN ROHATGI.
It is certified that I have complied with other legal
requirements in this connection.
BHUVAN [Signature (in existing old name)]
————
I hitherto known as SANJIW KUMAR SINGH S/o BINDESHWARI SINGH, residing at H. NO. C-6/439, YAMUNA VIHAR, Delhi-110053, have changed my name and shall hereafter be known as SANJEEV SINGH.
It is certified that I have complied with other legal
requirements in this connection.
SANJIW KUMAR SINGH [Signature (in existing old name)]
————
I hitherto known as HARDEEP SINGH Son of Shri MULAKH RAJ PAUL (not employed any where), residing at H. No. 91 Sidharatha Nagar, PO-Ramdaspura, Bootan Mandi, Jalandhar-144003, have changed by name and shall hereafter be known as HARDEEP SINGH PAUL.
It is certified that I have complied with other legal
requirements in this connection.
HARDEEP SINGH [Signature (in existing old name)]
————
I hitherto known as BATHULA JAYA SRINIVAS KUMAR Son of MALLIKARJUNA RAO, Private employee and residing at 57-3-5, Mallikarjuna Nagar, Rajahmundry, AP-533105, have changed my name and shall hereafter be known as BATHULA ANDREWS.
It is certified that I have complied with other legal
requirements in this connection.
BATHULA JAYA SRINIVAS KUMAR [Signature (in existing old name)]PART IV] THE GAZETTE OF INDIA, JUNE 17, 2017 (JYAISTHA 27, 1939) 1195 I hitherto known as POONAM NAIR wife of NISHANT SHANKARAN NAIR, residing at 1053, Sobha Jasmine, Green Glen Layout, Bellandur, Bengaluru-560103, have changed my name and shall hereafter be known as POONAM SINGH.
It is certified that I have complied with other legal
requirements in this connection.
POONAM NAIR [Signature (in existing old name)]
————
I hitherto known as VINIT KUMAR son of Shri TARSEM CHAND, by Profession Predictive Analytic Analyst at Honeywell International, Gurgaon and residing at House No. 51 A, First Floor, Opposite Ryan International School, Sector 40, Gurgaon, Haryana-122001, have changed my name and shall hereafter be known as VINIT KUMAR MITTAL.
It is certified that I have complied with other legal
requirements in this connection.
VINIT KUMAR [Signature (in existing old name)]
————
I hitherto known as MUNNA KUMAR OJHA son of Sh. DHARAM DEO OJHA, employed as Executive Finance & Accounts, at MB Informatics Private Limited, residing at A-52, Ganesh Nagar Extension -II (Near MCD School), Shakarpur, New Delhi-110092, have changed my name and shall hereafter be known as 'PRABHAT OJHA'.
It is certified that I have complied with other legal
requirements in this connection.
MUNNA KUMAR OJHA [Signature (in existing old name)]
————
I hitherto known as SUKHWINDER SINGH MOHRIKE Son of AJIT SINGH MOHRIKE, residing at VPO RAIPUR RASULPUR, DISTRICT JALANDHAR, PUNJAB, have changed my name and shall hereafter be known as SUKHWINDER SINGH.
It is certified that I have complied with other legal
requirements in this connection.
SUKHWINDER SINGH MOHRIKE [Signature (in existing old name)]
————
I hitherto known as SADASHIV RAMAPPA BHANGYAGOL Son of RAMAPPA SIDDAPPA BHANGYAGOL, Occu: Ex-Serviceman, R/o: Bhim Nagar Chikodi H.No.2855, Tq: Chikodi, Dist: Belgaum, State: Karnataka, Pin Code: 591201, have changed my name and shall hereafter be known as SADASHIV RAMAPPA MUNNOLIKAR.
It is certified that I have complied with other legal
requirements in this connection.
SADASHIV RAMAPPA BHANGYAGOL [Signature (in existing old name)] I hitherto known as BANI ALLAGH D/o Mr. GURMEET SINGH, R/o E-72, 3rd Floor, Kalkaji, New Delhi-110019, have changed my name and shall hereafter be known as BANI KAUR ALLAGH.
It is certified that I have complied with other legal
requirements in this connection.
BANI ALLAGH [Signature (in existing old name)]
————
I hitherto known as SANDEEP KAUR Wife of HONEY BABBAR, residing at WM-42, Basti Guzan, Jalandhar City, Punjab-144002, have changed my name and shall hereafter be known as SANDEEP BABBAR.
It is certified that I have complied with other legal
requirements in this connection.
SANDEEP KAUR [Signature (in existing old name)]
————
I hitherto known as SIMRAN KAJAL Daughter of JASPAL SINGH, residing at A-6/163-C, DDA Flats, Paschim Vihar, New Delhi-110063, have changed my name and shall hereafter be known as SIMRAN KAUR KAJAL.
It is certified that I have complied with other legal
requirements in this connection.
SIMRAN KAJAL [Signature (in existing old name)]
————
I hitherto known as SHAMINA BEGUM alias SAMINA alias SAMINA PARVEEN Wife of RAISUDDIN, residing at H. No. 666, Gali Nalbandan, Hamilton Road, Kahmiri Gate, Delhi-110006, have changed my name and shall hereafter be known as SAMINA PARVEEN.
It is certified that I have complied with other legal
requirements in this connection.
SHAMINA BEGUM alias SAMINA alias SAMINA PARVEEN [Signature (in existing old name)]
————
I hitherto known as DARPREET KAKKAR Son of GURVINDER SINGH KAKKAR, residing at 3394, D.B. Gupta Road, Karol Bagh, New Delhi-110005, have changed my name and shall hereafter be known as DARPREET SINGH KAKKAR.
It is certified that I have complied with other legal
requirements in this connection.
DARPREET KAKKAR [Signature (in existing old name)]1196 THE GAZETTE OF INDIA, JUNE 17, 2017 (JYAISTHA 27, 1939) [PART IV I hitherto known as AMIYA BAKSHI Daughter of KULVINDER PAL SINGH, residing at C-2/82,C, Keshav Puram, Onkar Nagar, Delhi-110035, have changed my name and shall hereafter be known as AMIYA KAUR BAKSHI.
It is certified that I have complied with other legal
requirements in this connection.
AMIYA BAKSHI [Signature (in existing old name)]
————
I hitherto known as HARPRIYA ALAG Daughter of SARBINDER SINGH ALAG, residing at 46, C4H, Janakpuri, New Delhi-110058, have changed my name and shall hereafter be known as HARPRIYA KAUR ALAG.
It is certified that I have complied with other legal
requirements in this connection.
HARPRIYA ALAG [Signature (in existing old name)]
————
I hitherto known as BINNY AGGARWAL wife of Mr. NAKUL RASTOGI, residing at R/o 43, Gopal Park, Chander Nagar, Krishna Nagar, East Delhi-110051, have changed my name and shall hereafter be known as MANSI RASTOGI.
It is certified that I have complied with other legal
requirements in this connection.
BINNY AGGARWAL [Signature (in existing old name)]
————
I hitherto known as JASVIR KAUR W/o SURINDER SINGH, residing at VPO Manak Dheri, Distt. Hoshiarpur- 144203, Punjab, have changed my name and shall hereafter be known as SANTOSH KUMARI.
It is certified that I have complied with other legal
requirements in this connection.
JASVIR KAUR [Signature (in existing old name)]
————
I hitherto known as DEVENDER KANWAR daughter of Shri DALEEP SINGH, a Student and residing at F-145, Dakshin Puri, Dr. Ambedkar Nagar, Sector-5, New Delhi, have changed my name and shall hereafter be known as VANSHITA SHEKHAWAT.
It is certified that I have complied with other legal
requirements in this connection.
DEVENDER KANWAR [Signature (in existing old name)] I hitherto known as KIRAN JINDAL W/o RAJIV AGGARWAL, residing at H. No. 505, Cheema Nagar, Distt. Jalandhar-144003, Punjab, have changed my name and shall hereafter be known as RAMA AGGARWAL.
It is certified that I have complied with other legal
requirements in this connection.
KIRAN JINDAL [Signature (in existing old name)]
————
I hitherto known as SONAM KAPIL W/o Sh. VRINCE VIMAL D/o Sh. PRADEEP KUMAR KAPIL, R/o Flat No. 41, Amba Enclave, Sector-9, Rohini, Delhi-110085, have changed my name and shall hereafter be known as PRATYUSHA SONAM KAPIL.
It is certified that I have complied with other legal
requirements in this connection.
SONAM KAPIL [Signature (in existing old name)]
————
I, JAGDEEP SINGH SAWHNEY S/o Sh. HARJINDER SINGH, R/o B-411, Sarita Vihar, New Delhi-110076, have changed the name of my minor daughter from ROOP SAWHNEY age about 17 years and she shall hereafter be known as ROOP KAUR SAWHNEY.
It is certified that I have complied with other legal
requirements in this connection.
JAGDEEP SINGH SAWHNEY [Signature of Guardian]
————
I hitherto known as KULDEEP D/o HARDEEP SINGH, residing at H. No.C-54, Street No.3, Khajoori Khas, Dayalpur, Delhi-110094, have changed my name and shall hereafter be known as KULDEEP KAUR.
It is certified that I have complied with other legal
requirements in this connection.
KULDEEP [Signature (in existing old name)]
————
I hitherto known as INDERJEET KAUR AHUJA Wife of Sh. DEPAK PRABHAKAR, residing at I-766, Palam Vihar, Gurgaon, Haryana-124017, have changed my name and shall hereafter be known as INDU PRABHAKAR.
It is certified that I have complied with other legal
requirements in this connection.
INDERJEET KAUR AHUJA [Signature (in existing old name)]PART IV] THE GAZETTE OF INDIA, JUNE 17, 2017 (JYAISTHA 27, 1939) 1197 I hitherto known as RAJ RANI wife of DILBAG SINGH, residing at VPO Bishan Kot, Distict Gurdaspur, Punjab, have changed my name and shall hereafter be known as RAJDEEP KAUR.
It is certified that I have complied with other legal
requirements in this connection.
RAJ RANI [Signature (in existing old name)]
————
I, TARVINDER SINGH Son of Late S. RAJINDER SINGH, residing at D-148, Sector-41, Noida-201301, U.P., have changed the name of my minor son SAMRAT DHIR aged 17 years and he shall hereafter be known as SAMRAT SINGH DHIR.
It is certified that I have complied with other legal
requirements in this connection.
TARVINDER SINGH [Signature of Guardian]
————
I hitherto known as BALBIR SINGH S/o L ISHAR SINGH, residing at village and post office Bhadas, Tehsil Bholath, District Kapurthala, Punjab, have changed my name and shall hereafter be known as BALVIR SINGH.
It is certified that I have complied with other legal
requirements in this connection.
BALBIR SINGH [Signature (in existing old name)]
————
I hitherto know as GHANSHYAM Son of Late Shri TULSI RAM, employed as Chief Draughtsman in the National Hydrographic Office, Dehradun, residing at 159, Ekta Vihar B-Block, P.O.-I.I.P. Mohkampur, Lower Nathanpur Dehradun 248005 (Uttarakhand), have changed my name and shell hereafter be known as GHANSHYAM SINGH.
It is certified that I have complied with other legal
requirements in this connection.
GHANSHYAM [Signature (in existing old name)]
————
I hitherto known as KARANN WAHI S/o Sh. UPENDRA WAHI, residing at Flat No.201, GH 57, Professor Enclave Sector-56, Gurgaon, Haryana-122011, have changed my name and shall hereafter be known as KARAN WAHI.
It is certified that I have complied with other legal
requirements in this connection.
KARANN WAHI [Signature (in existing old name)] I hitherto known as BHIM BAHADUR RAUT S/o MAN BAHADUR RAUT KSHETRI, residing at Post Office Block, Aarya Samaj Mandir, Krishna Nagar, Delhi-110051, have changed my name and shall hereafter be known as BHEEM BAHADUR RAUT KSHETRI.
It is certified that I have complied with other legal
requirements in this connection.
BHIM BAHADUR RAUT [Signature (in existing old name)]
————
I hitherto known as JAPMAN BABRAH D/o Sh. ARVINDER SINGH, R/o E-151/B, Ashok Vihar Phase- I, New Delhi-110052, have changed my name and shall hereafter be known as JAPMAN KAUR BABRAH.
It is certified that I have complied with other legal
requirements in this connection.
JAPMAN BABRAH [Signature (in existing old name)]
————
I hitherto known as SANTOSH KUMARI wife of SURESH KUMAR SONI, a Housewife, residing at Ward No. 1, Mohalla Azad Nagar, Shahkot, District Jalandhar, Punjab, have changed my name and shall hereafter be known as SANTOSH SONI.
It is certified that I have complied with other legal
requirements in this connection.
SANTOSH KUMARI [Signature (in existing old name)]
————
I hitherto known as VIKAS MISHRA Son of RASH BIHARI MISHRA, employed as Security Assistant Grade-I in the Rajya Sabha Secretariat, Parliament of India, residing at Flat No. 803, T-5, Exotica Dreamville, Greater Noida (West), Gautam Budh Nagar, Uttar Pradesh, PIN- 201301, India, have changed my name and shall hereafter be known as VIKAS VARADRAJ.
It is certified that I have complied with other legal
requirements in this connection.
VIKAS MISHRA [Signature (in existing old name)]
————
I hitherto known as AVINASH S/o VIDYA SAGAR, residing at A-123, Phase-5, Aya Nagar, Delhi-110047, have changed my name and shall hereafter be known as AVINASH RAI.
It is certified that I have complied with other legal
requirements in this connection.
AVINASH [Signature (in existing old name)]1198 THE GAZETTE OF INDIA, JUNE 17, 2017 (JYAISTHA 27, 1939) [PART IV I hitherto known as MUKESH WADHWA son of SHREE KISHAN KHATRI, employed as self-business in the name Tola Ram and Sons, residing at AK-21, Third Floor West Shalimar Bagh, Delhi-110088, have changed my name and shall hereafter be known as MUKESH KHATRI.
It is certified that I have complied with other legal
requirements in this connection.
MUKESH WADHWA [Signature (in existing old name)]
————
I hitherto known as SHAIK FATHIMOON daughter of SHAIK MASTHAN wife of MURALI KANCHARLA, a Private Employee, residing at H.No: 2/31, Hanuman Bazar, Garla, Garla Mandal, Khammam District-507210, have changed my name and shall hereafter be known as HANSONI KANCHARLA. I want to change my name and not my religion.
It is certified that I have complied with other legal
requirements in this connection.
SHAIK FATHIMOON [Signature (in existing old name)]
————
I hitherto known as ANITA KUMARI wife of DAYANAND SINGH KALER, employed as Squadron Leader in the Indian Air Force, residing at OMQ 61/1 NP Airforce Station, Agra, (UP)-282008, have changed my name and shall hereafter be known as ANITA KALER.
It is certified that I have complied with other legal
requirements in this connection.
ANITA KUMARI [Signature (in existing old name)]
————
I hitherto known as HIMANSHU KUMAR CHOKKAR S/o ROHTASH KUMAR CHOKKAR, residing at #13, 2 Floor, 3rd Cross, GM Layout, Pipeline Road, Ejipura, Bangalore, Karnataka-560047, India, have changed my name and shall hereafter be known as HIMANSHU KUMAR JASSHU.
It is certified that I have complied with other legal
requirements in this connection.
HIMANSHU KUMAR CHOKKAR [Signature (in existing old name)]
————
I hitherto known as ADIDALA. JOHN SABDAM son of SUNDARAM PAUL, R/o D.No: 4-1-31, Sundar Nagar Main Road Mandapet-533308, East Godavari District, and Andhra Pradesh, have changed my name and shall hereafter be known as ADIDALA.BENYEHUDA DAWAD SHABDAM.
It is certified that I have complied with other legal
requirements in this connection.
ADIDALA. JOHN SABDAM [Signature (in existing old name)] I hitherto known as POONAM wife of RYAN SMITH, residing at Laxmi Niwas, E-51, 2nd Floor, Street No-17A, Near Pradhan Chock, Sadh Nagar, Palam Colony, New Delhi-110045, have changed my name and shall be known as POONAM CHAUHAN.
It is certified that I have complied with other legal
requirements in this connection.
POONAM [Signature (in existing old name)]
————
I hitherto known as ALOK KUMAR son of Shri ASHOK KUMAR SINGH, employed as Project Manager in Agilis International Pvt. Ltd. and residing at 103, Trilok Apartment, IP Extension, New Delhi-110092, have changed my name and shall hereafter be known as AALOK KUMMAR.
It is certified that I have complied with other legal
requirements in this connection.
ALOK KUMAR [Signature (in existing old name)]
————
I hitherto known as KUMARI ASTHA wife of YATIN WAHI, residing at 15/28A, First Floor, Tilak Nagar, New Delhi-110 018, have changed my name and shall hereafter be known as ASTHA WAHI.
It is certified that I have complied with other legal
requirements in this connection.
KUMARI ASTHA [Signature (in existing old name)]
————
I hitherto known as KUMARI SEEMA DEVI W/o Shri YOGESH KUMAR, R/o House No. 1614A, Gali No. 53/1, Block E-IInd, 60ft Road, Near Sunil Dairy, Molarband Extn., Badarpur, New Delhi-110044, have changed my name and shall hereafter be known as RASHMI DEVI.
It is certified that I have complied with other legal
requirements in this connection.
KUMARI SEEMA DEVI [Signature (in existing old name)]
————
I hitherto known as MUNI NATH wife of Shri BHOLA NATH, residing at M.Q. 824, Sector No. 10, Nigahi, Post- Nigahi, P.S. Waidhan, Tehsil & District Singrauli (M.P.)- 486884, have changed my name and shall hereafter be known as KALPATI DEVI.
It is certified that I have complied with other legal
requirements in this connection.
MUNI NATH [Signature (in existing old name)]PART IV] THE GAZETTE OF INDIA, JUNE 17, 2017 (JYAISTHA 27, 1939) 1199 I hitherto known as AJIT SINGH MOHRIKE son of HAJARA SINGH, residing at VPO-Raipur Rasulpur, District Jalandhar, Punjab, have changed my name and shall hereafter be known as AJIT SINGH.
It is certified that I have complied with other legal
requirements in this connection.
Thumb Impression of AJIT SINGH MOHRIKE
————
I hitherto known as M M VARA PRASAD S/o M. P JAYACHANDRA, residing at E-1304, Pearl Court, Ramprasta Greens, Vaishali Ghaziabad, U.P.-201010, have changed my name and shall hereafter be known as MADANA MOSES VARA PARSAD.
It is certified that I have complied with other legal
requirements in this connection.
M M VARA PRASAD [Signature (in existing old name)]
————
I hitherto known as YINESH SHARMA W/o RAJ KUMAR SHARMA, residing at H. No. 508, W. No. 5, Main Bazar Urmar, PS., Tanda, Tehsil Dasuya, Distt. Hoshiarpur- 144204, Punjab, have changed my name and shall hereafter be known as VINESH SHARMA.
It is certified that I have complied with other legal
requirements in this connection.
YINESH SHARMA [Signature (in existing old name)]
————
I hitherto known as DEEKSHA TARA SHARMA daughter of DEV RAJ SHARMA, residing at GH-14/59, Paschim Vihar, Delhi-110087, have changed my name and shall hereafter be known as DEEKSHA SHHARMA.
It is certified that I have complied with other legal
requirements in this connection.
DEEKSHA TARA SHARMA [Signature (in existing old name)]
————
I hitherto known as SUKHJINDER KAUR wife of MOHINDER SINGH, residing at VPO-Ghoga, Teh. Batala, Distt. Gurdaspur, Punjab-143507, have changed my name and shall hereafter be known as SUKHWINDER KAUR.
It is certified that I have complied with other legal
requirements in this connection.
SUKHJINDER KAUR [Signature (in existing old name)] I hitherto known as SUNIL KUMAR MEHTA son of Sh. MAHAVIR PRASAD MEHTA, employed as Vice President in the Royal Bank of Scotland, Gurgaon, residing at A-805, Sanskriti Apartment, AMNS CGHS, GH-5, Sector 43, Gurgaon, Haryana, have changed my name and shall hereafter be known as SUNIL MEHTA.
It is certified that I have complied with other legal
requirements in this connection.
SUNIL KUMAR MEHTA [Signature (in existing old name)]
————
I hitherto known as MOHAMMED MANNAN BAIG Son of ISMAIL MOHAMMAD, residing at D. No. 19-19-54, Ganjipalem, Chirala, Prakasam District, Andhra Pradesh- 523155, have changed my name and shall hereafter be known as MOHAMMAD MANNAN BAIG.
It is certified that I have complied with other legal
requirements in this connection.
MOHAMMED MANNAN BAIG [Signature (in existing old name)]
————
I hitherto known as MULAKH RAJ son of Shri KARTAR CHAND, employed as I.D.A.S./Assistant Controller of Defence Accounts in Defence Accounts Department, under Ministry of Defence (Finance), residing at H. No. 91, Sidharatha Nagar, Bootan Mandi, Jalandhar-144003, have changed my name and shall hereafter be known as MULAKH RAJ PAUL.
It is certified that I have complied with other legal
requirements in this connection.
MULAKH RAJ [Signature (in existing old name)]
————
I hitherto known as ADITI MEHTA daughter of Sh. SHAILENDRA SINGH MEHTA wife of SUNIL MEHTA, residing at A-805, Sanskriti Apartment, AMNS CGHS, GH-5, Sector 43, Gurgaon, Haryana, have changed my name and shall hereafter be known as ADITI S MEHTA.
It is certified that I have complied with other legal
requirements in this connection.
ADITI MEHTA [Signature (in existing old name)]
————
I hitherto known as KAMAL alias KAMAL KUMAR son of TARSEM LAL, Self Employed, residing at Village Saidpur Jhiri, Tehsil Shahkot, District Jalandhar, Punjab, have changed my name and shall hereafter be known as KAMAL KUMAR.
It is certified that I have complied with other legal
requirements in this connection.
KAMAL alias KAMAL KUMAR [Signature (in existing old name)]1200 THE GAZETTE OF INDIA, JUNE 17, 2017 (JYAISTHA 27, 1939) [PART IV I, GURPREET SINGH son of M. S. GAMBHIR, R/o 7974, Kharia Street, Roshanara Road, Delhi-110007, have changed the name of my minor daughter MEHERGUN GAMBHIR, aged 17 yrs. and she shall hereafter be known as MEHERGUN KAUR GAMBHIR.
It is certified that I have complied with other legal
requirements in this connection.
GURPREET SINGH [Signature of Guardian]
————
I hitherto known as AMRITPAL KAUR wife of RAJWANT SINGH, residing at Dashmesh Nagar, Gali No.4, H. No. 482, Moga, Punjab, India, have changed my name and shall hereafter be known as AMRIT KAUR.
It is certified that I have complied with other legal
requirements in this connection.
AMRITPAL KAUR [Signature (in existing old name)]
————
I hitherto known as VAIBHAV KALRA S/o Sh. DEVENDER KALRA, residing at D-1047, New Friends Colony, New Delhi-110025, have changed my name and shall hereafter be known as VAIBBHAV DEVENDER KALRA.
It is certified that I have complied with other legal
requirements in this connection.
VAIBHAV KALRA [Signature (in existing old name)]
————
I hitherto known as MAMTA RANI wife of DHARAM DEV, residing at Village and Post Office Apra, Tehsil Phillaur, Distt. Jalandhar, Punjab, India, have changed my name and shall hereafter be known as MAMTA SELOPAL.
It is certified that I have complied with other legal
requirements in this connection.
MAMTA RANI [Signature (in existing old name)]
————
I hitherto known as SAWEENA KUMARI daughter of DHARAM DEV, residing at Village and Post Office Apra, Tehsil Phillaur, Distt. Jalandhar, Punjab, have changed my name and shall hereafter be known as SAVEENA SELOPAL.
It is certified that I have complied with other legal
requirements in this connection.
SAWEENA KUMARI [Signature (in existing old name)] I hitherto known as AARTI SABHARWAL D/o Sh. BRIJINDER SINGH SABHARWAL, R/o House No. 80, Sunder Nagar, Lodi Road, New Delhi-110003, have changed my name and shall hereafter be known as DEVINA SINGH.
It is certified that I have complied with other legal
requirements in this connection.
AARTI SABHARWAL [Signature (in existing old name)]
————
I hitherto known as UDHAY BHANU PATHANIYA S/o RAVINDER PAL PATHANIA, residing at B-203, Palm Court, Plot No. 3, Sector 19b, Dwarka, Delhi-110075, have changed my name and shall hereafter be known as UDAY BHANU PATHANIA.
It is certified that I have complied with other legal
requirements in this connection.
UDHAY BHANU PATHANIYA [Signature (in existing old name)]
————
I hitherto known as HANEET NARANG S/o KULDEEP SINGH, residing at A-3/54, Second Floor, Paschim Vihar, New Delhi-110063, have changed my name and shall hereafter be known as HANEET SINGH NARANG.
It is certified that I have complied with other legal
requirements in this connection.
HANEET NARANG [Signature (in existing old name)]
————
I hitherto known as SANJEEV YADAV S/o Sh. SATYAVIR SINGH, residing at H.No.1503, A-1, Mapsko Casabella, Sec-82, Gurugram, Haryana-122002, have changed my name and shall hereafter be known as SANJIV SINGH.
It is certified that I have complied with other legal
requirements in this connection.
SANJEEV YADAV [Signature (in existing old name)]
————
I hitherto known as SIFAT DANG D/o GAJINDER SINGH DANG, residing at F-91, Lajpat Nagar-II, New Delhi-110024, have changed my name and shall hereafter be known as SIFAT KAUR DANG.
It is certified that I have complied with other legal
requirements in this connection.
SIFAT DANG [Signature (in existing old name)]PART IV] THE GAZETTE OF INDIA, JUNE 17, 2017 (JYAISTHA 27, 1939) 1201 I hitherto known as ROSHAN DASS S/o Sh. DAYA RAM, residing at H. No. K-13, Gali No.1, Kanhaiya Vihar, Johripur, Delhi-110094, have changed my name and shall hereafter be known as ROSHAN LAL.
It is certified that I have complied with other legal
requirements in this connection.
ROSHAN DASS [Signature (in existing old name)]
————
I KRISHAN KUMAR MEHLA son of Shri ANANT RAM MEHLA, employed as EX-SERVICEMAN/Ex-Warrant Officer in the INDIAN AIR FORCE, residing at H.No.P-84/3, Safed Sagar, Vayusena Vatika, AFCC(TS), Air Force Station, Sohna Road, Rajiv Chowk, Gurgaon, Haryana-122001, have changed the name of my minor son JASVINDER SINGH MEHLA, aged 16 Yrs 11 Months and he shall hereafter be known as JASVINDER MEHLA.
It is certified that I have complied with other legal
requirements in this connection.
KRISHAN KUMAR MEHLA [Signature of Guardian]
————
I hitherto known as NAMITA DHAR W/o VIMAL KUMAR DHAR, residing at H. No. 934, 1st floor, Block-B, Green Fields Colony, Sector-41/42, Faridabad, Haryana-121010, have changed my name and shall hereafter be known as NAMIETA DHAR.
It is certified that I have complied with other legal
requirements in this connection.
NAMITA DHAR [Signature (in existing old name)]
————
I hitherto known as KHUSHBOO daughter of KANWAL JEET SINGH, residing at B-10,3rd floor, Anant Ram Dairy, Netaji Nagar, New Delhi-110023, have changed my name and shall hereafter be known as KHUSHBOO KAUR.
It is certified that I have complied with other legal
requirements in this connection.
KHUSHBOO [Signature (in existing old name)]
————
I hitherto known as MANYA BHAREJ daughter of HARMEET SINGH BHAREJ, a Student, residing at D-3/3, Rana Pratap Bagh, Delhi-110007, have changed my name and shall hereafter be known as MANYA KAUR BHAREJ.
It is certified that I have complied with other legal
requirements in this connection.
MANYA BHAREJ [Signature (in existing old name)]
————
I, KAWAL DEEP SINGH S/o Late SARDAR JOGINDER SINGH, residing at B-284, Lok Vihar, Pitampura, New Delhi- 110034, have changed the name of my minor Daughter ARSHNAIN MADAAN aged 17 years and she shall hereafter be known as ARSHNAIN KAUR MADAAN.
It is certified that I have complied with other legal
requirements in this connection.
KAWAL DEEP SINGH [Signature of Guardian]
————
I hitherto known as JAIKAM S/o Sh. ISAQ KHAN, R/o 146/6 Ranyala Ferozepur, Mewat (HY)-122104, have changed my name and shall hereafter be known as JAIKAM HASSAN.
It is certified that I have complied with other legal
requirements in this connection.
JAIKAM [Signature (in existing old name)]
————
I hitherto known as BINITA BAHUGUNA daughter of Sh. DEVI PRASAD BAHUGUNA, wife of Sh. NAIM AHMED, residing at House No. 328, Ground Floor, Gali No. 9, Wazirabad Village, Jagat Pur Ilaqa Delhi Jagatpur North Delhi, Delhi-110084, have changed my name and shall hereafter be known as MEHAK.
It is certified that I have complied with other legal
requirements in this connection.
BINITA BAHUGUNA [Signature (in existing old name)]
————
I hitherto known as POOJA QUEEN D/o JITENDER KUMAR SINGH W/o MASIUZZAMA, residing at H. No. A-27, 3rd Floor, Vishwakarma Park, Laxmi Nagar, New Delhi- 110092, have changed my name and shall hereafter be known as MEHNAAZ.
It is certified that I have complied with other legal
requirements in this connection.
POOJA QUEEN [Signature (in existing old name)]1202 THE GAZETTE OF INDIA, JUNE 17, 2017 (JYAISTHA 27, 1939) [PART IV CHANGE OF RELIGION
I, MADDALA SUSEELA W/o M. VENKATA NAGENDRA GANGADHAR, Occu : House Wife, D/No. 59A-3-7, New Postal Colony No. 2, Near Sai Baba Temple, Vijayawada, Andhra Pradesh, do hereby solemnly affirm and declare that I have embraced CHRISTIANITY and Renounced HINDUISM with effect from 23-01-2017
It is certified that I have complied with other legal
requirements in this connection.
MADDALA SUSEELA [Signature]
————
I, CHITTIMADHA SUDHAKAR Son of Sri SATYANARAYANA, employed as Assistant Professor in Nova's Institute of Technology, Eluruand, residing at H. No. : 1-.97 Valasapalli Village, Musunuru Mandal, Krishna District, Andhra Pradesh, do hereby solemnly affirm and declare that I have embraced CHRISTIANITY and renounced HINDUISM with effect from 20th MAY 2013.
It is certified that I have complied with other legal
requirements in this connection.
CHITTIMADHA SUDHAKAR [Signature]
————
I, BINITA BAHUGUNA daughter of Sh. DEVI PRASAD BAHUGUNA wife of Sh. NAIM AHMED, residing at House No. 328, Ground Floor, Gali No. 9, Wazirabad Village, Jagat Pur Ilaqa Delhi Jagatpur North Delhi, Delhi-110084, do hereby solemnly affirm and declare that I have embraced ISLAM and renounced HINDUISM with effect from 10-04-2014.
It is certified that I have complied with other legal
requirements in this connection.
BINITA BAHUGUNA [Signature]
————
I, RAJESH son of Late Sh. PREMCHAND, residing at E-236 F, Sector-12, Vijay Nagar, Ghaziabad, U.P.-201001, do hereby solemnly affirm and declare my minor son named AMAAN embraced ISLAM and renounced HINDUISM with effect from 12.08.2016.
It is certified that I have complied with other legal
requirements in this connection.
RAJESH [Signature] I, POOJA QUEEN daughter of JITENDER KUMAR SINGH W/o MASIUZZAMA, residing at H. No. A-27, 3rd Floor, Vishwakarma Park, Laxmi Nagar, New Delhi-110092, do hereby solemnly affirm and declare that I have embraced ISLAM and renounced HINDUISM with effect from 14.03.2015.
It is certified that I have complied with other legal
requirements in this connection.
POOJA QUEEN [Signature]
————
PUBLIC NOTICE
It is for general information that I, PALAK SACHAR was adopted by Sh. ASHWANI KUMAR SACHAR & Smt. SARITA SACHAR, residing at Adarsh Vihar, Dehradun, Uttrakhand on dated 05-12-2005 vide Sub Registrar Deed No. 4289 Dated 05-12-2005.
Now my biological parents have taken me back vide Adoption Deed Cancellation Order No. 1811/2016 Dated 09-05-2017. I, hereafter be known as PALAK CHOPRA D/o Sh. YOGESH KUMAR CHOPRA and SUNITA CHOPRA, resident of H. No. 1800, Main Bazar, Shahkot, District Jalandhar, Punjab.
It is certified that I have complied with other legal
requirements in this connection.
PALAK SACHAR [Signature]
————
It is for general information that I, VEDANT SINHA S/o Sh. SUJIT KUMAR SINHA, R/o C-24, Tarang Apartment, I.P. Extension, Patparganj, Delhi-110092, do hereby declare that name of my mother has been wrongly written as RAJNI SINHA in my 10th and 12th class certificate and marksheet. The actual name of my mother is AMRITA SINHA, which may be amended accordingly.
It is certified that I have complied with other legal
requirements in this connection.
VEDANT SINHA [Signature]
————
It is for general information that I, MANVI KAKKAR D/o Sh. ASHOK KAKKAR, R/o House No. M20, Guru Har Kishan Nagar, Paschim Vihar, West Delhi, Delhi-110087, do hereby declare that name of mine has been wrongly written as MITIKA KAKKAR in my Unit Trust of India bearing Certificate No. 400980030014045, 400980030014044, 400980030014049 and 400990070001513. The actual name of mine is MANVI KAKKAR, which may be amended accordingly.
It is certified that I have complied with other legal
requirements in this connection.
MANVI KAKKAR [Signature]PART IV] THE GAZETTE OF INDIA, JUNE 17, 2017 (JYAISTHA 27, 1939) 1203 It is for general information that I, SHUBHAM RAWAT Son of PAPPU, residing at A-11C, Shyam Colony, Budh Vihar Phase-II, Delhi-110086, declare that name of my father has been wrongly written as MAHINDER SINGH RAWAT in my 10th class educational documents. The actual name of my father is PAPPU respectively, which may be amended accordingly.
It is certified that I have complied with other legal
requirements in this connection.
SHUBHAM RAWAT [Signature]
————
It is for general information that I, JANESHWAR son of SUKHBIR, residing at 119, New Ramprastha Vihar, Behta Hajipur, Loni Ghaziabad, U.P., declare that name of mine has been wrongly written as GYANESHWAR in my MCD Record. The actual name of mine is JANESHWAR. which may be amended accordingly.
It is certified that I have complied with other legal
requirements in this connection.
Thumb Impression of JANESHWAR
————
It is for general information that I, PRADEEP SAXENA son of K S SAXENA, residing at Flat No. 405, Udai Giri Tower Kaushambi, Ghaziabad, U.P.-201010, declare that name of mine has been wrongly written as P KUMAR in my Shares Folio No. 34501823, Certificates No's. 4442330, 4442331, 7546853, 53626158, 53626159. The actual name of mine is PRADEEP SAXENA respectively. which may be amended accordingly.
It is certified that I have complied with other legal
requirements in this connection.
PRADEEP SAXENA [Signature]
————
It is for general information that I, ATHULYA SATHIYABALAN D/o SATHIYABALAN K.K, R/o Nurses Residential Complex, Block-11, Flat No.2, Srinivaspuri, New Delhi-110065, declare that name of mine, my father and my mother has been wrongly written as ATHULAYA SATHYABALAN, my father name has been wrongly written as SATHYA BALAN K.K and my mother name has been wrongly written as VASALA SATHYABALAN in my 10th and 12 Educational Certificates. The actual name of mine is ATHULYA SATHIYABALAN, my father name is SATHIYABALAN K.K and my mother name is VALSALA SATHIYABALAN respectively, which may be amended accordingly.
It is certified that I have complied with other legal
requirements in this connection.
ATHULYA SATHIYABALAN [Signature] It is for general information that I, HARPREET SINGH MADHOK S/o Mr. PURSHOTTAM SINGH MADHOK, R/o 272, Sector-10, Faridabad, Haryana, declare that name of my minor daughter has been wrongly written as SUKREET MADHOK in my minor daughter's AADHAR CARD, PASSPORT, 10th CLASS CBSE CERTIFICATE and 12th CLASS CBSE CERTIFICATE. The actual name of my minor daughter is SUKREET KAUR MADHOK respectively, which may be amended accordingly.
It is certified that I have complied with other legal
requirements in this connection.
HARPREET SINGH MADHOK [Signature]
————
It is for general information that I, MAKHAN SINGH S/o Sh. LEMBHER SINGH, residing at Village Chella, Mananhana, Hoshiarpur, Punjab-144519, declare that name of my wife has been wrongly written as BALVIR KAUR in my Passport. The actual name of my wife is KULVIR KAUR respectively, which may be amended accordingly.
It is certified that I have complied with other legal
requirements in this connection.
MAKHAN SINGH [Signature]
————
It is for general information that I, POOJA Wife of Late Sh. ANIL, residing at H-67, Block-H, Old Seemapuri, Jhilmil Delhi-110095, declare that name of my husband has been wrongly written as MANOJ KUMAR in my minor daughter TANU KUMARI aged 14 year Educational Documents. The actual name of my husband is ANIL respectively, which may be amended accordingly.
It is certified that I have complied with other legal
requirements in this connection.
POOJA [Signature]
————
It is for general information that I, HARDEEP SINGH S/o BALWANT SINGH, residing at H.No.C-54, Street No. 3, Khajoori Khas, Dayalpur, Delhi-110094, declare that name of mine and my minor daughter PRABJEET KAUR aged 16 years has been wrongly written as HARDEEP SINGH BATTH and PRABJEET BATTH in her educational documents. The actual name of mine and my minor daughter are HARDEEP SINGH and PRABJEET KAUR respectively which may be amended accordingly.
It is certified that I have complied with other legal
requirements in this connection.
HARDEEP SINGH [Signature]1204 THE GAZETTE OF INDIA, JUNE 17, 2017 (JYAISTHA 27, 1939) [PART IV It is for general information that I, KAMLESH MISHRA Son of RAMASHISH MISHRA, residing at A-1515, Shyam Colony, Gali no-14, Budh Vihar, Phase-II, Delhi-110086, declare that name of mine has been wrongly written as KAMLESH SHARMA in my minor son ANURAG MISHRA aged 16 years School Record. The actual name of mine is KAMLESH MISHRA, respectively which may be amended accordingly.
It is certified that I have complied with other legal
requirements in this connection.
KAMLESH MISHRA [Signature]
————
It is for general information that I, SHASHI W/o CHARAN PAL SINGH, residing at F1/2, Dayal Pur, Delhi-110094, declare that name of my husband has been wrongly written as CHARAN PAL SHARMA in my minor Son KARAN aged 17 Years School Record. The actual name of my husband is CHARAN PAL SINGH, which may be amended accordingly.
It is certified that I have complied with other legal
requirements in this connection.
SHASHI [Signature]
————
It is for general information that, PANKAJ KHANNA S/o NARINDER KUMAR, R/o H.No. 21A/228 New Vijay Nagar Jalandhar, Punjab-144001, declare that name of my father has been wrongly written as NARESH KHANNA in my education certificates. The actual of my father is NARINDER KUMAR, which may be amended accordingly.
It is certified that I have complied with other legal
requirements in this connection.
PANKAJ KHANNA [Signature]
————
It is for general information that I, SANJIV KUMAR KALIA S/o AMRICK CHAND KALIA, residing at 1868, Delhi Gate, Kartarpur, Jalandhar, Punjab-144801 declare that name of my father has been wrongly written as AMAMRIK CHAND KALIA in my passport number G9286996, 10th certificate and in the other documents. The actual name of my father is AMRICK CHAND KALIA, which may be amended accordingly.
It is certified that I have complied with other legal
requirements in this connection.
SANJIV KUMAR KALIA [Signature]
————
It is for general information that I, SOM KRISHAN SHARMA S/o Sh. SITA RAM SHARMA, residing at VPO- Pandoa, Tehsil-Sunni, Distt. Shimla, H.P., declare that name of mine has been wrongly written as SOM KRISHAN in my Service Book. The actual name of mine is SOM KRISHAN SHARMA, which may be amended accordingly.
It is certified that I have complied with other legal
requirements in this connection.
SOM KRISHAN SHARMA [Signature]
————
It is for general information that I, NARENDRA PRASAD BHATIYANI S/o Late ATMA RAM BHATIYANI, residing at Village and Post Office Nathuwawala, Via- Raipur, Distt. Dehradun, Uttrakhand-248008, declare that name of mine has been wrongly written as NARENDRA PRASAD in my Service record and educational documents. The actual name of mine is NARENDRA PRASAD BHATIYANI, which may be amended accordingly.
It is certified that I have complied with other legal
requirements in this connection.
NARENDRA PRASAD BHATIYANI [Signature]
————
It is for general information that I, ATUL BHATIYANI S/o NARENDRA PRASAD BHATIYANI, residing at Village and Post Office Nathuwawala, Via-Raipur, Distt. Dehradun, Uttrakhand-248008, declare that name of mine has been wrongly written as ATUL KUMAR in my father's Service record. The actual name of mine is ATUL BHATIYANI which may be amended accordingly.
It is certified that I have complied with other legal
requirements in this connection.
ATUL BHATIYANI [Signature]
————
It is for general information that I, GOURAV GUPTA S/o VIPIN KUMAR GUPTA, residing at F-330, Gali No.7, Ganga Vihar, Gokal Puri, Delhi-110094, declare that name of my father has been wrongly written as VIJAY KUMAR GUPTA in my Driving License. The actual name of my father is VIPIN KUMAR GUPTA, which may be amended accordingly.
It is certified that I have complied with other legal
requirements in this connection.
GOURAV GUPTA [Signature]
————
It is for general information that I, RANJEET S/o KALI PRASAD, residing at A-62, V.P. Singh Camp, Railway Colony, Tughlakabad, New Delhi-110044, declare that name of my father has been wrongly written as KALI CHARAN in my educational documents. The actual name of my father is KALI PRASAD, which may be amended accordingly.
PART IV] THE GAZETTE OF INDIA, JUNE 17, 2017 (JYAISTHA 27, 1939) 1205It is certified that I have complied with other legal
requirements in this connection.
RANJEET [Signature]
————
It is for general information that I, SHWETA D/o DEVENDER KUMAR, R/o WZ-239, 80-yards Harijan Colony, Tilak Nagar, New Delhi-110018, declare that in my 10th Class & 12th Class examination certificate my name, my father name & my mother name are wrongly written as SHWETA MEHRA, DEVENDER MEHRA and GEETA MEHRA instead of SHWETA, DEVENDER KUMAR and GEETA Whereas our correct names are SHWETA, DEVENDER KUMAR and GEETA which may be amended accordingly.
It is certified that I have complied with other legal
requirements in this connection.
SHWETA MEHRA [Signature]
————
It is for general information that I, MOHD. ARSHAD ANSARI S/o MOHD. USMAN ANSARI, R/o House No. 7216, Main Qutub Road, Near Old Police Chowki, Aram Nagar, Nabi Karim, Pahar Ganj, New Delhi-110055, do hereby declare that name of mine and my wife has been wrongly written as Mr. ARSHAD ANSARI and ARMISH in birth certificate of my minor daughter IRAF, ARSHAD MOHD USMAN ANSARI and ARMISH in birth certificate of my minor daughter INASH, ARMISH in birth certificate of my minor son MOHD. AARISH ANSARI, Mr. ARSHAD USMAN ANSARI and Mrs. ARMISH ARSHAD ANSARI in birth certificate of my minor daughter LIBA and ARSHAD ANSARI and ARMISH ARSHAD ANSARI in birth certificate of my minor daughter ARUSHA ARSHAD ANSARI respectively. The actual name of mine and my wife is MOHD. ARSHAD ANSARI and SAMEERA ANSARI respectively, which may be amended accordingly.
It is certified that I have complied with other legal
requirements in this connection.
MOHD. ARSHAD ANSARI [Signature]
————
It is for general information that I, BHASKAR KEDIA Son of BRAJ KISHORE KEDIA, residing D-273, Ashok Vihar, Phase-I, Delhi-110052, declare that name of mine and my father has been wrongly written as BHASKER KEDIA and VIJAY KUMAR KEDIA in my Pan Card. The actual name of mine and my father are BHASKAR KEDIA and BRAJ KISHORE KEDIA, respectively which may be amended accordingly.
It is certified that I have complied with other legal
requirements in this connection.
BHASKAR KEDIA [Signature] It is for general information that I, PARVESH SINGH RAWAT S/o VIKRAM SINGH RAWAT, residing at RZ-11- C, Z-Block, Shyam Vihar, Phase-I, Dindar Pur Village, Najafgarh, New Delhi-110043, declare that name of mine has been wrongly written as PARWES SINGH RAWAT in my Pan Card and Driving License. The Actual name of mine is PARVESH SINGH RAWAT, which may be amended accordingly.
It is certified that I have complied with other legal
requirements in this connection.
PARVESH SINGH RAWAT [Signature]
————
It is for general information that I, DHARAMVEER SINGH S/o KEDAR SINGH, residing at Gali No.7A, Part-2nd, Surendra Colony, Jharoda Mazra, Burari, Delhi-110084, declare that name of my father has been wrongly written as KEDAR NATH in my Driving License. The actual name of my father is KEDAR SINGH which may be amended accordingly.
It is certified that I have complied with other legal
requirements in this connection.
DHARAMVEER SINGH [Signature]
————
भारतीय अंतर्राष्ट्रीय व्यापारी प्राईवेट लिमिटेड
(परिसमापन में)
सीआईएनः यू51909डीएल2002पीटीसी117658
नई दिल्ली-110041
प्ऱप़़़त्र सं. 155
(देखें नियम 329)
सदस्यों का स्वैच्छिक समापन (वाइन्डिंग अप)
कंपनी का नाम ः
भारतीय अंतर्राष्ट्रीय व्यापारी प्राईवेट लिमिटेड
अंतिम बैठक आयोजन सूचना
कंमनी अधिनियम, 1956 की धारा 497 के अनुसार एतद्द्वारा सूचित किया जाता है कि किए गए समापन और कंपनी की संपत्ति निपटारे के तरीके का विवरण देने, परिसमापक द्वारा दिए जा सकने वाले स्पष्टीकरण की सुनवाई तथा कंपनी और परिसमापक के लेखा बहियों एंव दस्तावेजों के निपटारे के तरीके का विशेष संकल्प द्वारा निर्धारण करने के उद्देश्य हेतु उपरोक्त नामित कंपनी के सदस्यों की सामान्य बैठक डीडीए फ्लैट नं. 632, जीएफ ब्लॉक-बी, पॉकेट-ए, लोकनायक पुरम बक्ड़बाला, नई दिल्ली-110041 में मंगलवार, 20 जून 2017 को पूर्वा]न 11.00 बजे आयोजित की जायेगी।
हिते भारतीय अंतर्राष्ट्रीय व्यापारी प्राईवेट लिमिटेड हस्ताक्षर/-
स्थान ः दिल्ली राजेश अत्री दिनांक ः 25.03.2017 परिसमापक1206 THE GAZETTE OF INDIA, JUNE 17, 2017 (JYAISTHA 27, 1939) [PART IV भारतीय (cid:7079)नतभूनत र्एं र्नननमय बोड(cid:6981) (सेबी) की मंूिरी के अधीन रहते (cid:7263)ए, म(cid:7016)टी कमोनडटी ए(cid:6989)सच(cid:7286) ि(cid:6989)लीयनरंग नलनमटेड की ननयम बनाने का (cid:7079)(cid:7021)र्ता है। (cid:7079)(cid:7021)तार्नत ननयम(cid:7298) की ािनकारी / र्सा(cid:6981)ािननक / आलोचना के बारे म(cid:7286) ािनने के नलए (cid:7079)कानत कर रहे है। नकसी भी (cid:7390)न(cid:7334) को इन ननयमो पर कोई भी / मंत(cid:7390) (cid:7390)(cid:7334) करना हो तोर् े उसे नलनखत और अधोह(cid:7021)ता(cid:6979)ानरत (cid:7272)प म(cid:7286) म(cid:7016)टी कमोनडटी ए(cid:6989)सच(cid:7286) ि(cid:6989)लीयनरंग नलनमटेड, ए(cid:6989)सच(cid:7286) ि(cid:7021)(cid:7332)ायर, सीटीएस नंबर २५५, सुरेन रोड, अंधेरी (र्पू(cid:6981)), मु(cid:7013)बई-४०००९३ पर भे िसकते या इस (cid:7079)कान की नतन से पं(cid:7076)ह नदन(cid:7298) के भीतर commentsmcxccl.com पर ईमेल कर सकते । कनत पं(cid:7076)र्ह(cid:7286) नदन बाद (cid:7079)ा(cid:7385) नट(cid:7009)पनणय(cid:7298) / मंत(cid:7390)(cid:7298) पर र्नचार नह(cid:7277) नकया ािएगा और मसौदा पं(cid:7076)ह नदन(cid:7298) की र्अनध समा(cid:7385) होने के तुरंत बाद र्नचार के नलए रख नदया ािएगा ।
(cid:7079)नतभूनत संर्नदा (र्नननयम) अनधननयम, 1956 की धारा 9, (cid:7079)नतभूनत संर्नदा (र्नननयम) ननयम 1957 के तहत (cid:7079)द(cid:7275) न(cid:7334)य(cid:7298) के अनु(cid:7272)प और भारतीय (cid:7079)नतभूनत र्नननमय बोड(cid:6981) की र्पू(cid:6981) मंूिरी के सा म(cid:7016)टी कमोनडटी ए(cid:6989)सच(cid:7286) िन(cid:6989)लयनरंग कॉप(cid:7299)रेन नलनमटेड नन(cid:7388)नलनखत उप-ननयम का (cid:7079र्)ाधान करता है:
1. (cid:7079)(cid:7021)र्ताना
1.1 इन ननयम(cid:7298) को "म(cid:7016)टी कमोनडटी ए(cid:6989)सच(cid:7286) ि न(cid:6989)लयनरंग कॉप(cid:7299)रेन नलनमटेड के ननयम(cid:7298)" के (cid:7272)प म(cid:7286) ािना ािएगा और यहां से आगे इ(cid:7008)ह(cid:7286) "ननयम(cid:7298)" या "न(cid:6989)लयनरंग कॉप(cid:7299)रेन के ननयम(cid:7298)" के (cid:7272)प म(cid:7286) नलया ािएगा।
1.2 ये ननयम उस नतन से (cid:7079)र्भाी हो ािएंगे नसि पर भारतीय (cid:7079)नतभूनत र्एं र्नननमय बोड(cid:6981) अनधननयम, 1992 (यहां से आगे इसे "सेबी" अनधननयम के नाम से ािना ािएगा) के तहत (cid:7021)ानपत भारतीय (cid:7079)नतभूनत र्एं र्नननमय बोड(cid:6981) (यहां से आगे इसे "सेबी" के नाम से ािना ािएगा) या म(cid:7016)टी कमोनडटी ए(cid:6989)सच(cid:7286) िन(cid:6989)लयनरंग कॉप(cid:7299)रेन नल. (यहां से आगे इसे "न(cid:6989)लयनरंग कॉप(cid:7299)रेन" के नाम से ािना ािएगा) इस आय के सा अनधसूनचत करते ह(cid:7298)।
1.3 अ(cid:7008)यअ(cid:7008)यअ(cid:7008)यअ(cid:7008)य लागू होनेर् ालेलागू होनेर् ालेलागू होनेर् ालेलागू होनेर् ाले कानूनकानूनकानूनकानून
ये ननयम उपरो(cid:7334) ननयम(cid:7298) के अनतनर(cid:7334) ह(cid:7298)गे और ये ननयम (cid:7079)नतभूनत संर्नदा (र्नननयम) अनधननयम, 1956 (नसिे इसके बाद "एससीआरए" कहा ािएगा), ननिम(cid:7286) समय – समय पर होनेर् ाले संोधन(cid:7298) को ानमल करने के बाद के अनधननयम र्एं उनके आधार पर बनाए गए ननयम(cid:7298) और र्नननयम(cid:7298) ता सेबी अनधननयम र्एं उनके आधार पर बनाए गए ननयम(cid:7298) और र्नननयम(cid:7298) और भारत सरकार ता/ या सेबी (cid:7367)ारा समय-समय पर ािरी ननदे(cid:7298), आदे(cid:7298), नदा ननद(cid:7287)(cid:7298), मानदंड(cid:7298), सूचना(cid:7312) र्एं पनरप(cid:7074)ओ के अधीन ह(cid:7298)गे।
2. पनरभाषाएं र्एं र्र्नेचना
2.1 पनरभाषापनरभाषापनरभाषापनरभाषा
2.1.1 """"र्आेदकर्आेदकर्आेदकर्आेदक"""" का अ(cid:6981) है और नसिम(cid:7286) ानमल है कोई (cid:7390)न(cid:7334) या (cid:7079)नत(cid:7399)ान ोि एक या एकानधक न(cid:6989)लयनरंग खंड(cid:7298) के एक न(cid:6989)लयनरंग सद(cid:7021)य के (cid:7272)प म(cid:7286) (cid:7079र्)े पाने के नलए एक र्आेदन स(cid:7301)पता है, ोि न(cid:6989)लयनरंग कॉप(cid:7299)रेन के इन ननयम(cid:7298), उप-ननयम(cid:7298) ता र्नननयम(cid:7298) के अधीन होगा।
2.1.2 """"म(cid:7007)य(cid:7021)ताम(cid:7007)य(cid:7021)ताम(cid:7007)य(cid:7021)ताम(cid:7007)य(cid:7021)ता"""" र् ैकन(cid:7016)पक र्र्नाद समाधान (एडीआर) के (cid:7272)प म(cid:7286), अदालत(cid:7298) के बाहर र्र्नाद(cid:7298) को सुलझाने का एक तकनीक है और इन उप-ननयम(cid:7298) ता र्नननयम(cid:7298) म(cid:7286) र्नण(cid:6981)त इसकी (cid:7079)न(cid:7059)या को न(cid:6989)लयनरंग सद(cid:7021)य(cid:7298) ता न(cid:6989)लयनरंग सद(cid:7021)य र् उनके (cid:6989)लाइंट(cid:7298)/नर्ना(cid:6981)चक(cid:7298) के बीच उपेि र्र्नाद(cid:7298) के समुनचतर् (cid:7004र्)नरत समाधान म(cid:7286) अनर्नाय(cid:6981) (cid:7272)प से (cid:7079)यु(cid:7334) नकया ािता है।
2.1.3 """"आनट(cid:6981)क(cid:7016)सआनट(cid:6981)क(cid:7016)सआनट(cid:6981)क(cid:7016)सआनट(cid:6981)क(cid:7016)स"""" (अनु(cid:6994)छेद) का अ(cid:6981) है म(cid:7016)टी कमोनडटी ए(cid:6989)सच(cid:7286) ि न(cid:6989)लयनरंग कॉप(cid:7299)रेन नलनमटेड हेतु सं(cid:7021)ा के अंतनन(cid:6981)यम और इसम(cid:7286) समय-समय पर नकए ािनेर् ाला कोई (cid:7272)पांतरण या बदर्ला ानमल रहता है।
2.1.4 """"बोड(cid:6981)बोड(cid:6981)बोड(cid:6981)बोड(cid:6981)" " " " का अ(cid:6981) है म(cid:7016)टी-कमोनडटी ए(cid:6989)सच(cid:7286) िन(cid:6989)लयनरंग कॉप(cid:7299)रेन नलनमटेड के ननदेक मंडल।
2.1.5 """"सकु (cid:6981) लरसकु (cid:6981) लरसकु (cid:6981) लरसकु (cid:6981) लर या नोनटसनोनटसनोनटसनोनटस" " " " का अ(cid:6981) है सूचनापरक अनधसूचनाएं या न(cid:6989)लयनरंग कॉप(cid:7299)रेन (cid:7367)ारा समय-समय पर अपने सद(cid:7021)य(cid:7298) और माक(cid:7287) ट को ािरी एक बा(cid:7007)यकारी संचार, नसिे ै (cid:6989)स, ईमेल या नकसी ऐसे मा(cid:7007)यम से भेाि ािता हो नसिे न(cid:6989)लयनरंग कॉप(cid:7299)रेन उनचत मान सकता है, नसिम(cid:7286) र्ेबसाइट के निरए (cid:7079)कान और उसे उसी के अनु(cid:7272)प "सकु (cid:6981) लर" या "नोनटस" का नाम नदया ािता हो।
2.1.6 """"न(cid:6989)लयनरंगन(cid:6989)लयनरंगन(cid:6989)लयनरंगन(cid:6989)लयनरंग ((((समाोधनसमाोधनसमाोधनसमाोधन)" )" )" )" के अ(cid:6981) म(cid:7286) ानमल है न(cid:6989)लयनरंग कॉप(cid:7299)रेन की (cid:7079)न(cid:7059)या(cid:7312) के निरए एक अ(cid:7008)य न(cid:6989)लयनरंग सद(cid:7021)य के र्ए िम(cid:7286) नकसी एक न(cid:6989)लयनरंग सद(cid:7021)य के र्दा(cid:7298) के ननपटारा हेतु अनधकार(cid:7298)र् दानय(cid:7004र्)(cid:7298) के ननधा(cid:6981)रण की (cid:7079)न(cid:7059)या। न(cid:6989)लयनरंग की (cid:7079)न(cid:7059)या बही नलखने ैिसी ही होती है, हिां न(cid:6989)लयनरंग कॉप(cid:7299)रेन डील/(cid:7069)ांैि(cid:6989)न के (cid:7059)े ता ता र्न(cid:7059)े ता के मैनचंग (cid:7367)ारा संब(cid:7373) ता (cid:7079)ासंनगक डेटाबेस को अपडेट करता है, इसनलए एक प(cid:6979) के दानय(cid:7004र्)(cid:7298) और अ(cid:7008)य के अनधकार(cid:7298) की पुन(cid:7397) करता है।
2.1.7 """"न(cid:6989)लयनरंगन(cid:6989)लयनरंगन(cid:6989)लयनरंगन(cid:6989)लयनरंग समझौतेसमझौतेसमझौतेसमझौते" " " " का अ(cid:6981) है एक न(cid:6989)लयनरंग सद(cid:7021)य और इसके संघटक के बीच उ(cid:7334) ए(cid:6989)सच(cid:7286) िके (cid:7069)ेनडंग ॉम(cid:6981) पर उ(cid:7334) संघटक (cid:7367)ारा (cid:7069)ेड की गई (cid:7079)नतभूनतय(cid:7298) से ुिे सभी समाोधन ता ननपटारे काय(cid:6981) को संप(cid:7382) करने के नलए नकया एक बा(cid:7007)यकारी समझौता।
PART IV] THE GAZETTE OF INDIA, JUNE 17, 2017 (JYAISTHA 27, 1939) 12072.1.8 """"न(cid:6989)लयनरंगन(cid:6989)लयनरंगन(cid:6989)लयनरंगन(cid:6989)लयनरंग औरऔरऔरऔर सेटलम(cid:7286)ट खातेखातेखातेखाते"""" का अ(cid:6981) है न(cid:6989)लयनरंग सद(cid:7021)य (cid:7367)ारा संचानलत एक ननधा(cid:6981)नरत या (cid:7021र्)ीकृ त न(cid:6989)लयनरंग ब(cid:7289)क म(cid:7286) एक ब(cid:7289)क खाता और उसी के अनु(cid:7272)प न(cid:6989)लयनरंग कॉप(cid:7299)रेन को सूचना दी ािती है, नसिम(cid:7286) से नकसी सद(cid:7021)य (cid:7367)ारा न(cid:6989)लयनरंग कॉप(cid:7299)रेन पर बकाए सभी ं ड या संब(cid:7373) ए(cid:6989)सच(cid:7286) िके (cid:7069)ेनडंग (cid:7010)लोर पर सद(cid:7021)य या उसके (cid:6989)लाइं(cid:6999)स या नर्ना(cid:6981)चक(cid:7298) के सौद(cid:7298) के संदभ(cid:6981) म(cid:7286) न(cid:6989)लयनरंग सद(cid:7021)य (cid:7367)ारा नकसी सद(cid:7021)य पर देय सभी ं ड(cid:7298) को ननग(cid:6981)त या (cid:7079)ा(cid:7385) नकया ािएगा।
2.1.9 """"न(cid:6989)लयनरंगन(cid:6989)लयनरंगन(cid:6989)लयनरंगन(cid:6989)लयनरंग ब(cid:7289)(cid:6989)सब(cid:7289)(cid:6989)सब(cid:7289)(cid:6989)सब(cid:7289)(cid:6989)स" " " " ऐसे ब(cid:7289)क होते ह(cid:7289) न(िcid:7008)ह(cid:7286) न(cid:6989)लयनरंग कॉप(cid:7299)रेन एक ं ड ननपटानेर् ाली ए(िcid:7286)सी के तौर पर ननयु(cid:7334) कर सकता है, ोि न(cid:6989)लयनरंग कॉप(cid:7299)रेन के निरए न(cid:6989)लयर नकए गए सभी सौद(cid:7298) हेतु मान(िcid:6981)न धन का सं(cid:7061)ह करते ह(cid:7289) और न(cid:6989)लयनरंग सद(cid:7021)य(cid:7298) ता न(cid:6989)लयनरंग कॉप(cid:7299)रेन के बीच और न(cid:6989)लयनरंग सद(cid:7021)य(cid:7298) के बीच समय-समय पर न(cid:6989)लयनरंग कॉप(cid:7299)रेन (cid:7367)ारा ननद(cid:7287)नत ं ड(cid:7298) का संचालन करता है।
2.1.10 """"न(cid:6989)लयनरंगन(cid:6989)लयनरंगन(cid:6989)लयनरंगन(cid:6989)लयनरंग कॉप(cid:7299)रेनकॉप(cid:7299)रेनकॉप(cid:7299)रेनकॉप(cid:7299)रेन" " " " का अ(cid:6981) म(cid:7016)टी-कमोनडटी ए(cid:6989)सच(cid:7286) िन(cid:6989)लयनरंग कॉप(cid:7299)रेन नल. ता इसके उ(cid:7275)रानधकारी (यनद कोई हो) होता है।
2.1.11 "न(cid:6989)लयनरंगन(cid:6989)लयनरंगन(cid:6989)लयनरंगन(cid:6989)लयनरंग/ / / / समाोधनसमाोधनसमाोधनसमाोधन सद(cid:7021)यसद(cid:7021)यसद(cid:7021)यसद(cid:7021)य या सद(cid:7021)यसद(cid:7021)यसद(cid:7021)यसद(cid:7021)य"" "" "" "" इसका आय उस (cid:7390)न(cid:7334) से है नसिे न(cid:6989)लयनरंग कॉप(cid:7299)रेन की सद(cid:7021)यता (cid:7079)ा(cid:7385) हो इन उप ननयम(cid:7298), एमसीए(cid:6989)ससीसीएल के ननयम(cid:7298) और र्नननयम(cid:7298) के अनु(cid:7272)प उसे न(cid:6989)लयनरंग सेटलम(cid:7286)ट के सभी अनधकार (cid:7079)ा(cid:7385) ह(cid:7298) और इसके अंतग(cid:6981)तर् े (cid:7390)न(cid:7334) भी आते ह(cid:7289) ोि म(cid:7016)टी कमोनडटी ए(cid:6989)सच(cid:7286) िऑ इंनडया नलनमटेड (एमसीए(cid:6989)स) के सद(cid:7021)य ह(cid:7289) र्एं सेबी (एसईबीआई) के सा पंीिकृ त ह(cid:7289) या पंीिकरण के नलए र्आेदन कर रखा है। लेनकन इसके अंतग(cid:6981)त म(cid:7016)टी कमोनडटी ए(cid:6989)सच(cid:7286) िन(cid:6989)लयनरंग कॉप(cid:7299)रेन नलनमटेड के ेयर धारक नह(cid:7277) आते ह(cid:7289)।
2.1.12 """"समाोधनसमाोधनसमाोधनसमाोधन खंडखंडखंडखंड"""" का अ(cid:6981) होता है और उसम(cid:7286) ानमल होता है नकसी माक(cid:7287) ट से(cid:6991)म(cid:7286)ट टाइप के भीतर (cid:7079)नतभूनतय(cid:7298) की नभ(cid:7382) (cid:7088)ेनणयां, नसिे संबंनधत ए(cid:6989)सच(cid:7286) ि अपने संब(cid:7373) (cid:7069)ेनडंग सद(cid:7021)य(cid:7298) को उनके (cid:7069)ेनडंग ॉम(cid:6981) पर डीनलंग करने के नलए उपल(cid:7011)ध कराता है और इन उप-ननयम(cid:7298) के संदभ(cid:6981) म(cid:7286) अपने समाोधन ता ननपटारे की काय(cid:6981)(cid:7079)णानलय(cid:7298) की अनुमनत देने के नलए न(cid:6989)लयनरंग कॉप(cid:7299)रेन (cid:7367)ारा सहमनत दी गई हो और उसी के अनु(cid:7272)प (cid:7088)ेणीब(cid:7373) नकया गया हो।
2.1.13 "(cid:7061)ाहक(cid:7061)ाहक(cid:7061)ाहक(cid:7061)ाहक या संघटकसंघटकसंघटकसंघटक" " " " –––– इसका अ(cid:6981) यह होता है नकर् ह (cid:7390)न(cid:7334) नसिके अनुदे पर न(cid:6989)लयनरंग सद(cid:7021)य नकसी सौदे को अंनतम (cid:7272)प देता है या ैिसाैिसाैिसाैिसा नकनकनकनक न(cid:6989)लयनरंग कॉप(cid:7299)रेन (cid:7367)ारा दी गई अनुमनत के अनुसार नसिके सौदे को अंनतम (cid:7272)प नदया ािता है और इसे नर्नेक भी कहा ाि सकता है।
(cid:7021)प(cid:7397)ीकरण(cid:7021)प(cid:7397)ीकरण(cid:7021)प(cid:7397)ीकरण(cid:7021)प(cid:7397)ीकरण 1111: : : : (cid:7061)ाहक और संघटक (cid:7011)द का (cid:7079)योग उप-ननयमो के अंतग(cid:6981)त एक ही अ(cid:6981) म(cid:7286) नकया ािता है और ैिसा यहँ बताया गया है दोन(cid:7298) कार् ही अ(cid:6981) होगा ोि यहँ बताया गया है।
(cid:7021)प(cid:7397)ीकरण(cid:7021)प(cid:7397)ीकरण(cid:7021)प(cid:7397)ीकरण(cid:7021)प(cid:7397)ीकरण 2222: : : : संदभ(cid:6981) के अनुसार, नकसी (cid:7069)ेड के अंतग(cid:6981)त, "संघटक" की पनरभाषा म(cid:7286)र् ह "(cid:7069)ेनडंग सद(cid:7021)य" भी ानमल होगा, हिां (cid:7021र्)ानम(cid:7004र्) (cid:7069)ेड सनहत ऐसे (cid:7069)ेड को , संबन(cid:7008)धत ए(cid:6989)सच(cid:7286) िपर, उसकी ओर से न(cid:6989)लयनरंग सद(cid:7021)य (cid:7367)ारा समाोनधत और ननपटान नकया ािता है।
2.1.14 """"(cid:6989)लो(िcid:6989)लो(िcid:6989)लो(िcid:6989)लो-ि---आउटआउटआउटआउट या (cid:6989)लोनंिग(cid:6989)लोनंिग(cid:6989)लोनंिग(cid:6989)लोनंिग आउटआउटआउटआउट या (cid:7021)(cid:7332)े यर(cid:7021)(cid:7332)े यर(cid:7021)(cid:7332)े यर(cid:7021)(cid:7332)े यर ऑऑऑऑ"""" का अ(cid:6981) है एक समान ता र्नपरीत न(cid:7021)नत के सा एक नदा म(cid:7286) एक बकाए खुली न(cid:7021)नत का ननर(cid:7021)तीकरण।
2.1.15 """"सनमनतसनमनतसनमनतसनमनत"""" का अ(cid:6981) होता है बोड(cid:6981) या संब(cid:7373) (cid:7079)ानधकार (cid:7367)ारा ननयु(cid:7334) एक समूह या (cid:7390)न(cid:7334)य(cid:7298) का एक ननकाय, ोि बोड(cid:6981) या संब(cid:7373) (cid:7079)ानधकार र्अा (cid:7079)बंध ननदेक (cid:7367)ारा, ैिसी न(cid:7021)नत बने, ता/या इन उप-ननयम(cid:7298) के तहत अनर्नाय(cid:6981) र्नण(cid:6981)त काय(cid:7300) या न(िcid:7013)मेदानरय(cid:7298) को संप(cid:7382) करता हो।
2.1.16 """"संब(cid:7373)संब(cid:7373)संब(cid:7373)संब(cid:7373) ए(cid:6989)सच(cid:7286)एि(cid:6989)सच(cid:7286)एि(cid:6989)सच(cid:7286)एि(cid:6989)सच(cid:7286)"ि""" का अ(cid:6981) है एससीआरए के तहत र्ननर्धत (cid:7272)प से मा(cid:7008)यता(cid:7079)ा(cid:7385) कमोनडटी ता/या मु(cid:7076)ा डेनर्रेनट(cid:7018)स ए(cid:6989)सच(cid:7286)ेिस समेत कोई (cid:7021)टॉक ए(cid:6989)सच(cid:7286),ि नसिने अपने (cid:7069)ेनडंग सद(cid:7021)य(cid:7298) के बीच अपने (cid:7069)ेनडंग ॉम(cid:6981) पर संप(cid:7382) सौद(cid:7298) के समाोधन र् ननपटाने के नलए न(cid:6989)लयनरंग कॉप(cid:7299)रेन के सा एक (cid:7390र्)(cid:7021)ा बनाई हो, तानक ं (cid:7001)स पे-इन, नस(cid:6989)योनरटी ि डेनर्लरी ता ऐसे सौद(cid:7298) से ुिे पे-आउट उ(cid:7275)रदानय(cid:7004र्)(cid:7298) के नर्ना(cid:6981)ह को पूरा नकया ाि सके ।
2.1.17 "संर्नदासंर्नदासंर्नदासंर्नदा या अनुबंधअनुबंधअनुबंधअनुबंध" " " " यहर् ह (cid:7079)न(cid:7059)या है नकसके मा(cid:7007)यम से (cid:7079)नतभूनतय(cid:7298) का (cid:7059)य और र्न(cid:7059)य संबन(cid:7008)धत होता है।
2.1.18 "अनभर(cid:6979)कअनभर(cid:6979)कअनभर(cid:6979)कअनभर(cid:6979)क या क(cid:7021)टोनडयनक(cid:7021)टोनडयनक(cid:7021)टोनडयनक(cid:7021)टोनडयन" " " " इसकार् ही अ(cid:6981) होता है ैिसा नक भारतीय (cid:7079)नतभूनत और र्नननमय बोड(cid:6981) (क(cid:7021)टोनडयन (cid:7079)नतभूनत) र्नननयम 1996 म(cid:7286) (cid:7390)ा(cid:6990)यानयत नकया गया है।
2.1.19 """"सौदेसौदेसौदेसौदे या (cid:7069)ेड(cid:7069)ेड(cid:7069)ेड(cid:7069)ेड"""" का अ(cid:6981) है एक इले(cid:6989)(cid:7069)ॉननक (cid:7069)ांैि(cid:6989)न ोि सम(cid:7272)पी कीमत(cid:7298) ता नकसी (cid:7021र्)ीकृ त (cid:7079)नतभूनत या संर्नदा के संदभ(cid:6981) म(cid:7286) र्नन(cid:7397)र् ए(cid:6989)सच(cid:7286) िके (cid:7069)ेनडंग सद(cid:7021)य(cid:7298) (cid:7367)ारा (cid:7021र्)ीकाय(cid:6981) मा(cid:7074)ा(cid:7312) पर (cid:7079)(cid:7021)तुत (cid:7059)य आदे ता र्न(cid:7059)य आदे(cid:7298) के अनु(cid:7272)प उपतिे ह(cid:7298) और नकसी ए(cid:6989)सच(cid:7286) िके (cid:7069)ेनडंग ॉम(cid:6981) पर मैनचंग से न(cid:6989)लयनरंग कॉप(cid:7299)रेन के उप-ननयम(cid:7298), ननयम(cid:7298) ता र्नननयम(cid:7298) के तहत संब(cid:7373) ए(cid:6989)सच(cid:7286) िके उप-ननयम(cid:7298), ननयम(cid:7298) ता र्नननयम(cid:7298) के संदभ(cid:6981) म(cid:7286) (cid:7059)े ता ता र्न(cid:7059)े ता के (cid:7079)नत उ(cid:7275)रदानय(cid:7004र्) पैदा करता हो।
2.1.20 "चूकिता(cid:6981)चूकिता(cid:6981)चूकिता(cid:6981)चूकिता(cid:6981) कीकीकीकी घोषणाघोषणाघोषणाघोषणा"""" ये(cid:7397) अनधकारी (cid:7367)ारा नकसी न(cid:6989)लयनरंग सद(cid:7021)य की चूकिता(cid:6981) के (cid:7272)प म(cid:7286) घोषणा।
1208 THE GAZETTE OF INDIA, JUNE 17, 2017 (JYAISTHA 27, 1939) [PART IV2.1.21 """"नडॉ(cid:7016)टनडॉ(cid:7016)टनडॉ(cid:7016)टनडॉ(cid:7016)ट" " " " का अ(cid:6981) है नकसी न(cid:6989)लयनरंग सद(cid:7021)य (cid:7367)ारा नकसी काय(cid:6981) को पूरा करने या नकसी उ(cid:7275)रदानय(cid:7004र्) को संप(cid:7382) करने म(cid:7286) र्नल रहना और उसकार् ही अ(cid:6981) होगा ोि उप-ननयम(cid:7298) म(cid:7286)र् नण(cid:6981)त "नडॉ(cid:7016)ट की घटना" का अ(cid:6981) होगा।
2.1.22 """"नडॉ(cid:7016)टरनडॉ(cid:7016)टरनडॉ(cid:7016)टरनडॉ(cid:7016)टर"""" का अ(cid:6981) एक ऐसा न(cid:6989)लयनरंग सद(cid:7021)य है नसिे न(cid:6989)लयनरंग कॉप(cid:7299)रेन के उप-ननयम(cid:7298) ता ननयम(cid:7298) के अनु(cid:7272)प नडॉ(cid:7016)टर घोनषत कर नदया गया हो ।
2.1.23 "सुपुद(cid:6981)गीसुपुद(cid:6981)गीसुपुद(cid:6981)गीसुपुद(cid:6981)गी" " " " से आय र् ेयर हाउस रसीद(cid:7298) या समान से संबन(cid:7008)धत (cid:7021र्)(cid:7004र्) (cid:7079)माण प(cid:7074) को, अनुबंध समाधान (डेर्लीेरी सेटलम(cid:7286)ट) म(cid:7286) सुपुद(cid:6981)गी आदे के मा(cid:7007)यम से देना और उ(cid:7008)हे (cid:7079)ा(cid:7385) करना होता है ।
2.1.24 """"नडपॉनडपॉनडपॉनडपॉीिटरीीिटरीीिटरीीिटरी" " " " उस कं पनी को कहते ह(cid:7289) नसिका गठन और पंीिकरण, कं पनी अनधननयम 1956 (1956 का 1) के तहत नकया ािता है और नसिे 1992 (1992 का 15) के तहत भारतीय (cid:7079)नतभूनत और र्नननमय बोड(cid:6981) के अनधननयम 12, उप-ननयम (1ए) का पंीिकरण (cid:7079)माण प(cid:7074) (cid:7079)दान नकया गया हो।
2.1.25 "चूकिता(cid:6981)चूकिता(cid:6981)चूकिता(cid:6981)चूकिता(cid:6981) होनेहोनेहोनेहोने कीकीकीकी घटनाघटनाघटनाघटना" " " " यह उस घटना (cid:7059)म को कहते ह(cid:7289) बि कोई स(cid:6979)म (cid:7079)ानधकारी नकसी न(cid:6989)लयनरंग सद(cid:7021)य को "चूकिता(cid:6981)" घोनषत करता है।
2.1.26 """"ए(cid:6989)सच(cid:7286)एि(cid:6989)सच(cid:7286)एि(cid:6989)सच(cid:7286)एि(cid:6989)सच(cid:7286)"ि""" का अ(cid:6981) है संब(cid:7373) ए(cid:6989)सच(cid:7286) िया कोई अ(cid:7008)य ए(cid:6989)सच(cid:7286),ि नसिे एससीआरए के तहत एससीआरए के संदभ(cid:6981) म(cid:7286) र्ननर्धत (cid:7272)प से मा(cid:7008)यता (cid:7079)ा(cid:7385) हो, नसिने ऐसे ए(cid:6989)सच(cid:7286) िपर संप(cid:7382) (cid:7069)े(cid:7001)स के समाोधन ता ननपटारे के नलए न(cid:6989)लयनरंग कॉप(cid:7299)रेन के सा करार नकया हो ोि न(cid:6989)लयनरंग कॉप(cid:7299)रेन (cid:7367)ारा ता एससीआरए के र्आ(cid:7019)यकतानुसार समय-समय परर् नण(cid:6981)त ननयम(cid:7298) और त(cid:7300) के अधीन हो।
2.1.27 """"ए(cid:6989)सच(cid:7286)एि(cid:6989)सच(cid:7286)एि(cid:6989)सच(cid:7286)एि(cid:6989)सच(cid:7286) ि सद(cid:7021)यसद(cid:7021)यसद(cid:7021)यसद(cid:7021)य या (cid:7069)ेनडंग(cid:7069)ेनडंग(cid:7069)ेनडंग(cid:7069)ेनडंग सद(cid:7021)यसद(cid:7021)यसद(cid:7021)यसद(cid:7021)य"""" का अ(cid:6981) (cid:7079)नतभूनतय(cid:7298) या ऐसी संर्नदाएं न(िcid:7008)ह(cid:7286) ए(cid:6989)सच(cid:7286) ि म(cid:7286) कारोबार करने की अनुमनत नमली हो, की (cid:7069)ेनडंग के नलए संब(cid:7373) ए(cid:6989)सच(cid:7286) िकी सद(cid:7021)यता की अनुमनत(cid:7079)ा(cid:7385) एक (cid:7079)नत(cid:7399)ान है और (cid:7021)प(cid:7397) (cid:7272)प सेर् नण(cid:6981)त न नकए ािने तक इसके अ(cid:6981) म(cid:7286) उ(cid:7334) (cid:7021)टॉक ए(cid:6989)सच(cid:7286) ि कं पनी का नकसी ेयरधारक ानमल नह(cid:7277) होगा। इस संदभ(cid:6981) म(cid:7286) ए(cid:6989)सच(cid:7286) ि की सद(cid:7021)यता का अ(cid:6981) (cid:7021)टॉक ए(cid:6989)सच(cid:7286) िकं पनी म(cid:7286) ेयरधारण नह(cid:7277) होगा।
2.1.28 """"ए(cid:6989)सच(cid:7286)एि(cid:6989)सच(cid:7286)एि(cid:6989)सच(cid:7286)एि(cid:6989)सच(cid:7286) ि ननयमननयमननयमननयम या ए(cid:6989)सच(cid:7286)एि(cid:6989)सच(cid:7286)एि(cid:6989)सच(cid:7286)एि(cid:6989)सच(cid:7286) ि केकेकेके ननयमननयमननयमननयम"""" का अ(cid:6981) है नकसी भी नाम से (cid:7079)र्भाी संब(cid:7373) ए(cid:6989)सच(cid:7286) िके ननयम और नसिे समय- समय पर संोनधत नकया ाि सकता है और इसम(cid:7286) ऐसे ए(cid:6989)सच(cid:7286) िके उप-ननयम ता र्नननयम(cid:7298)/(cid:7390र्)साय ननयम ानमल होते ह(cid:7289)।
2.1.29 "ए(cid:6989)ससा(cid:6981)इए(cid:6989)ससा(cid:6981)इए(cid:6989)ससा(cid:6981)इए(cid:6989)ससा(cid:6981)इ" " " " नकसी ऑ(cid:7009)न कां(cid:7069)े(cid:6989)ट म(cid:7286) ए(cid:6989)सच(cid:7286) िया न(cid:6989)लयनरंग कॉप(cid:7299)रेन (cid:7367)ारा ननधा(cid:6981)नरत ननयम, उप-ननयम और र्नननयम के अनुसार ता इनके अधीन, अनधकार धारक (cid:7367)ारा अपने अनधकार के (cid:7079)योग को """"ए(cid:6989)ससा(cid:6981)इए(cid:6989)ससा(cid:6981)इए(cid:6989)ससा(cid:6981)इए(cid:6989)ससा(cid:6981)इ" " " " कहा ािता है।
2.1.30 """"मान(िcid:6981)नमान(िcid:6981)नमान(िcid:6981)नमान(िcid:6981)न"""" का अ(cid:6981) होता है नकसी (cid:7079)नतभूनत म(cid:7286) एक पोननि (cid:7021)ानपत करने या उसे बनाए रखने के नलए एक मिारान या समपा(cid:7393)(cid:6981) का भुगतान करना और इसम(cid:7286) अ(cid:7008)य इनननयल मान(िcid:6981)न के बीच ानमल होते ह(cid:7289) ऐनडनल मान(िcid:6981)न,र् ेनरएन मान(िcid:6981)न, ट(cid:7286)डर पीनरयड मान(िcid:6981)न, (cid:7021)पेल मान(िcid:6981)न, डेनर्लरी मान(िcid:6981)न, ए(cid:6989)स(cid:7069)ीम लॉस मान(िcid:6981)न या नकसी अ(cid:7008)य (cid:7079)कार का मान(िcid:6981)न ोि ए(cid:6989)सच(cid:7286) िता/या न(cid:6989)लयनरंग कॉप(cid:7299)रेन (cid:7367)ारा समय-समय पर (cid:7079)यो(cid:6996)य हो।
2.1.31 """"सद(cid:7021)यतासद(cid:7021)यतासद(cid:7021)यतासद(cid:7021)यता"""" का अ(cid:6981) है न(cid:6989)लयनरंग कॉप(cid:7299)रेन के ननयम(cid:7298) ता उप-ननयम(cid:7298) की त(cid:7300) के अनु(cid:7272)प एक सद(cid:7021)य के गुण के सा न(cid:6989)लयनरंग कॉप(cid:7299)रेन के सद(cid:7021)य(cid:7298) के समूह का एक नह(cid:7021)सा बनना या उससेर् ुिा रखना।
2.1.32 """"सकलसकलसकलसकल पू ंीिपू ंीिपू ंीिपू ंीि"""" का अ(cid:6981) है नकसी सद(cid:7021)य के नेट मू(cid:7016)य से पनरसंपन(cid:7275)य(cid:7298) के नलए नदि म(cid:7286) पूण(cid:6981) मू(cid:7016)य पर आसानी से (cid:7272)पांतनरत न होने र्ाली कटौनतय(cid:7298) का घर्टा है।
2.1.33 """"सकलसकलसकलसकल मू(cid:7016)यमू(cid:7016)यमू(cid:7016)यमू(cid:7016)य"""" का अ(cid:6981) नकसी सद(cid:7021)य की कु ल पनरसंपन(cid:7275)य(cid:7298) से इसकी कु ल बा(cid:7405) पनरसंपन(cid:7275)य(cid:7298) की कटौती या नकसी सद(cid:7021)य (cid:7367)ारा धानरत पनरसंपन(cid:7275)य(cid:7298) म(cid:7286) से उसपर लगे क(िcid:6981) की कटौती है।
2.1.34 """"संब(cid:7373)संब(cid:7373)संब(cid:7373)संब(cid:7373) (cid:7079)ानधकार(cid:7079)ानधकार(cid:7079)ानधकार(cid:7079)ानधकार"""" के अ(cid:6981) और उसम(cid:7286) ानमल होते ह(cid:7289) न(cid:6989)लयनरंग कॉप(cid:7299)रेन का (cid:7079)बंध ननदेक ता/या सीईओ और सा ही न(cid:6989)लयनरंग कॉप(cid:7299)रेन के र् नर(cid:7399) (cid:7079)बंधन अनधकारी/काय(cid:6981)पालक न(िcid:7008)ह(cid:7286) समुनचत अनधकार स(cid:7301)पे गए होते ह(cid:7289) और न(िcid:7008)ह(cid:7286) न(cid:6989)लयनरंग कॉप(cid:7299)रेन के कामका िके र्ननभ(cid:7382) (cid:6979)े(cid:7074)(cid:7298) के मामल(cid:7298) को संचानलत करने का अनधकार स(cid:7301)पा गया होता है।
2.1.35 """"र्नननयमनर्नननयमनर्नननयमनर्नननयमन"""" के अ(cid:6981) और उसम(cid:7286) ानमल होते ह(cid:7289) समाोधन ता ननपटारा (cid:7079)न(cid:7059)या(cid:7312) ता न(cid:6989)लयनरंग कॉप(cid:7299)रेन के (cid:7079)बंधन ता (cid:7390र्)हार को संचानलत करने ता उ(cid:7008)ह(cid:7286) ननयंन(cid:7074)त करने र्ाले सभी पनरचालना(cid:7004)मक नस(cid:7373)ांत, ता पारामीटर, न(िcid:7008)ह(cid:7286) न(cid:6989)लयनरंग कॉप(cid:7299)रेन के (cid:7079)बंधन, सभी (cid:7079)नतभानगय(cid:7298)र् न(cid:6989)लयनरंग सद(cid:7021)य(cid:7298) (cid:7367)ारा अनुपानलत नकया ािना होता है।
2.1.36 "ननयमननयमननयमननयम" " " " इसके अंतग(cid:6981)त एससीआरए के तहत सेबी (cid:7367)ारा अनुमोनदत, म(cid:7016)टी कमोनडटी ए(cid:6989)सच(cid:7286) िन(cid:6989)लयनरंग कॉप(cid:7299)रेन नलनमटेड के ननयम ता उनके आधार पर बने ननयम और र्नननयम या/ और सेबी अनधननयम के अंतग(cid:6981)त बने ननयम और र्नननयम आते ह(cid:7289) और इ(cid:7008)हे ननयम कहा ािता है।
PART IV] THE GAZETTE OF INDIA, JUNE 17, 2017 (JYAISTHA 27, 1939) 12092.1.37 """"एससीआरएएससीआरएएससीआरएएससीआरए" " " " (cid:7079)नतभूनत संर्नदा (र्नननयम) अनधननयम 1956 का संन(cid:6979)(cid:7385) (cid:7272)प है।
2.1.38 """"एससीआरएएससीआरएएससीआरएएससीआरए" " " " (cid:7079)नतभूनत संर्नदा (र्नननयम) अनधननयम 1956 का संन(cid:6979)(cid:7385) (cid:7272)प है।
2.1.39 """"सेबीसेबीसेबीसेबी" " " " भारतीय (cid:7079)नतभूनत र्एं र्नननयम बोड(cid:6981) का संन(cid:6979)(cid:7385) (cid:7272)प है।
2.1.40 """"एसईसीसीएसईसीसीएसईसीसीएसईसीसी"""" (cid:7079)नतभूनत संर्नदा (र्नननयम) ((cid:7021)टॉक ए(cid:6989)सच(cid:7286) िता न(cid:6989)लयनरंग कॉप(cid:7299)रेन) र्नननयम 2012 का संन(cid:6979)(cid:7385) (cid:7272)प है।
2.1.41 "(cid:7079)नतभूत(cid:7079)नतभूत(cid:7079)नतभूत(cid:7079)नतभूत या औरऔरऔरऔर (cid:7079)नतभूनतय(cid:7298)(cid:7079)नतभूनतय(cid:7298)(cid:7079)नतभूनतय(cid:7298)(cid:7079)नतभूनतय(cid:7298)" " " " म(cid:7286)म(cid:7286)म(cid:7286)म(cid:7286) नन(cid:7388)नन(cid:7388)नन(cid:7388)नन(cid:7388) ानमलानमलानमलानमल ह(cid:7289)ह(cid:7289)ह(cid:7289)ह(cid:7289) ----
I. ेयर, न(cid:7021)(cid:7059)(cid:7009)स, बो(cid:7003)(cid:7001)स, नडब(cid:7286)चर, नडब(cid:7286)चर (cid:7021)टॉक या अ(cid:7008)य नब(cid:7059)ी यो(cid:6991)य एक ही (cid:7079)कार की (cid:7079)नतभूनतयँ ोि नकसी ननगनमत कं पनी या नकसी अ(cid:7008)य कारपोरेट बॉडी म(cid:7286) ह(cid:7298);
II. नडर्रेेनट(cid:7018);ि
III. नर्नेक(cid:7298) को सामूनहक नर्ने योनिा ैिसी योनिा(cid:7312) के तहत ािरी इकाइयां या इस (cid:7079)कार के नलखत।
2.1.42 """"ननपटाराननपटाराननपटाराननपटारा गारंटीगारंटीगारंटीगारंटी ं डं डं डं ड"""" का अ(cid:6981) र्ह ं ड होता है नसिकी (cid:7021)ापना और संचालन इन उप-ननयम(cid:7298) के अनु(cid:7272)प न(cid:6989)लयनरंग कॉप(cid:7299)रेन (cid:7367)ारा नकया ािता है;
2.1.43 इन उप-ननयम(cid:7298) के (cid:7079)योनि हेतु "लेनदेन लेनदेन लेनदेन लेनदेन या सौदा सौदा सौदा सौदा या (cid:7069)ेनडंग (cid:7069)ेनडंग (cid:7069)ेनडंग (cid:7069)ेनडंग ता (cid:7069)ेड(cid:7069)ेड(cid:7069)ेड(cid:7069)ेड"""" और ऐसे ही समअ(cid:7278) (cid:7011)द(cid:7298) का अ(cid:6981) होगा इन उप- ननयम(cid:7298) म(cid:7286) र्नण(cid:6981)त सौदे और सा ही नसिका अ(cid:6981) र्े (cid:7079)नतभूनत लेनदेन भी ह(cid:7298)गे न(िcid:7008)ह(cid:7286) न(cid:6989)लयनरंग कॉप(cid:7299)रेन के निरए समाोनधत नकए ािते ह(cid:7298)र् ननपटाए ािते ह(cid:7298)।
2.1.44 """र्"ेयरहाउर्सेयरहाउर्सेयरहाउर्सेयरहाउस" " " " के अ(cid:6981) और उसम(cid:7286) ानमल होते ह(cid:7289) कोई ऐसा भंडारण (cid:7021)ान, गोदाम, ट(cid:7289)क, साइलो, भंडारघर,र् ॉ(cid:7016)ट इ(cid:7004)यानद हिां कमोनडटी िको (cid:7079)ा(cid:7385) कर उ(cid:7008)ह(cid:7286) भंडानरत नकए ाि सके ।
2.2 र्र्नेचनार्र्नेचनार्र्नेचनार्र्नेचना
2.2.1 बितक नक र्नपरीत उ(cid:7374)े(cid:7019)य न (cid:7079)दान नकया ािए:
(a) नकसी भी नलंग के संदभ(cid:6981) म(cid:7286) अ(cid:7008)य ानमल होगा।
(b) इन ननयम(cid:7298) के एर्कचन म(cid:7286) ानमल ह(cid:7289) ब(cid:7263र्)चन और ब(cid:7263र्)चनर् ाले (cid:7011)द(cid:7298) म(cid:7286) ानमल ह(cid:7289) एर्कचनर् ाले (cid:7011)द।
(c) 'समय' के नलए एक संदभ(cid:6981) का अ(cid:6981) है भारत का कोई समय, बितक नक अ(cid:7008)या न उ(cid:7016)लेख नकया ािए।
(d) हिां इन ननयम(cid:7298) के तहत, एससीआरए या एससीआरआर के (cid:7079र्)ाधान(cid:7298) या सेबी अनधननयम या कानून या र्नधान के नकसी अ(cid:7008)य (cid:7079र्)ाधान(cid:7298) म(cid:7286) कोई संदभ(cid:6981) नदया ािए, तोर् ह समय-समय पर संोनधत उ(cid:7334) (cid:7079र्)ाधान का संदभ(cid:6981) होगा।
(e) हिां इन ननयम(cid:7298) म(cid:7286) नकसीर् ैधाननक (cid:7079र्)ाधान को लेकर कोई संदभ(cid:6981) हो,र् ह भारत के कानून(cid:7298) का र्हाला देगा।
(f) नकसी र्नधान या कानून या उसके नकसी (cid:7079र्)ाधान के नकसी संदभ(cid:6981) म(cid:7286) ानमल होगा ऐसे नकसी कानून का कोई र्हाला नसिे उस नतन के बाद समय-समय पर संोनधत, संपूनरत या पुनःअनधननयनमत नकया ाि सकता है ता नकसी अनधननयम के संदभ(cid:6981) म(cid:7286) ानमल होगा समय-समय पर उसके तहत बना अधीन(cid:7021) कानून।
2.2.2 ीष(cid:6981)क के र्ल सुर्नधा के नलए नदए गए ह(cid:7289) औरर् े इन ननयम(cid:7298) की र्र्नेचना को (cid:7079)भार्नत नह(cid:7277) करते।
2.2.3 इन ननयम(cid:7298) के अधीन, नकसी न(cid:6989)लयनरंग सद(cid:7021)य, उसके नकसी संब(cid:7373) (cid:6989)लाइं(cid:6999)स (को संब(cid:7373) ए(cid:6989)सच(cid:7286) िका सद(cid:7021)य हो), न(cid:6989)लयनरंग ब(cid:7289)क, र्ेयरहाउनसंग (cid:7079)नत(cid:7399)ान,र् ेयरहाउस र्सेा (cid:7079)दाता, नन(cid:6979)ेपागार,र् ॉ(cid:7016)(cid:6999)स या संब(cid:7373) र्सेा(cid:7312) ता संब(cid:7373) ए(cid:6989)सच(cid:7286)(िcid:7298) से ुिे नकसी तीसरे प(cid:6979) ता न(cid:6989)लयनरंग कॉप(cid:7299)रेन के र्न(cid:7271)(cid:7373) इन ननयम(cid:7298) की र्र्नेचना के संदभ(cid:6981) म(cid:7286) न(cid:6989)लयनरंग कॉप(cid:7299)रेन का ै सला अंनतम होगा।
2.2.4 इन ननयम(cid:7298) म(cid:7286), नकसी न(cid:6989)लयनरंग सद(cid:7021)य की ािनकारी के संदभ(cid:6981) म(cid:7286) ानमल होगा उस न(cid:6989)लयनरंग सद(cid:7021)य का (cid:7079)नत(cid:7399)ान या ए(िcid:7286)सी का कोई ननदेक, ननयं(cid:7074)क, ेयरधारक, अनधकारी, कम(cid:6981)चारी या (cid:7079)नतनननध, ोि उपीि (cid:7263)ई न(cid:7021)नत पर ननभ(cid:6981)र करेगा।
2.2.5 ऊपर पनरभानषत (cid:7011)द(cid:7298) ता पद(cid:7298) का अ(cid:6981) इन ननयम(cid:7298) म(cid:7286) (cid:7079)यु(cid:7334) लोअर के स र्ाला ही होगा, बितक नक अ(cid:7008)या सूनचत न नकया ािए।
2.2.6 इन ननयम(cid:7298) म(cid:7286) (cid:7079)यु(cid:7334) (cid:7011)द(cid:7298) ता अनभ(cid:7390)न(cid:7334), न(िcid:7008)ह(cid:7286) यहां पनरभानषत न नकया गया हो, र्ही अ(cid:6981) ह(cid:7298)गे ोि उ(cid:7008)ह(cid:7286) संब(cid:7373) अनधननयम(cid:7298) ता उनके तहत बने ननयम(cid:7298) या र्नननयम(cid:7298) के तहत उ(cid:7008)ह(cid:7286) नदए गए ह(cid:7289)।
1210 THE GAZETTE OF INDIA, JUNE 17, 2017 (JYAISTHA 27, 1939) [PART IV2.2.7 इन ननयम(cid:7298) को संब(cid:7373) अनधननयम(cid:7298) ता उप-ननयम(cid:7298)र् र्नननयम(cid:7298) की र्आ(cid:7019)यकता(cid:7312) के सा अनुपालता के नलए, न(cid:6989)लयनरंग कॉप(cid:7299)रेन के उ(cid:7374)े(cid:7019)य(cid:7298) ता (cid:7390र्)साय(cid:7298) को (cid:7079)र्भाी करने के नलए ता यह सुननन(cid:7391)त करने के नलए नक न(cid:6989)लयनरंग कॉप(cid:7299)रेन के कारोबार के संबंध म(cid:7286) सभी प(cid:7373)नतय(cid:7298) और सा ही संब(cid:7373) ए(cid:6989)सच(cid:7286)(िcid:7298) पर संप(cid:7382) सौद(cid:7298) के समाोधन ता ननपटारे की (cid:7079)न(cid:7059)या के कामका(िcid:7298) को एक नन(cid:7020)प(cid:6979), (cid:7008)यायपूण(cid:6981), उनचत तरीके से संचानलत नकया ािए, तानक बाािर(cid:7298) की अखंडता को बरकरार रखा ाि सके , संब(cid:7373) ए(cid:6989)सच(cid:7286)(िcid:7298), न(cid:6989)लयनरंग कॉप(cid:7299)रेन और उस संब(cid:7373) ए(cid:6989)सच(cid:7286) िम(cid:7286), नसिकी ओर से न(cid:6989)लयनरंग ता ननपटारा के कामका(िcid:7298) को पूरा नकया ाि रहा हो, न(cid:6989)लयनरंग सद(cid:7021)य(cid:7298) पर नर्नेक(cid:7298) के (cid:7069)ेनडंग की र(cid:6979)ा की ाि सके ।
3. ननयम(cid:7298) का अनु(cid:7079)योग
3.1 ये ननयम सौद(cid:7298) / संर्नदा के समाोधन ता ननपटारे और संब(cid:7373) ए(cid:6989)सच(cid:7286) ि(एकानधक) पर (cid:7069)ेड की गई (cid:7079)नतभूनतय(cid:7298) की आपूनत(cid:6981) का संचालन कर(cid:7286)गे, ोि न(cid:6989)लयनरंग कॉप(cid:7299)रेन को ऐसे ए(cid:6989)सचे(िcid:7298) के (cid:7069)ेनडंग ॉम(cid:6981) पर संप(cid:7382) सौद(cid:7298) / संर्नदा(cid:7312) के समाोधन ता ननपटारा हेतु उसके न(cid:6989)लयनरंगर् सेटलम(cid:7286)ट ढांचे और सुर्नधाएं (cid:7079)दान करने का ननद(cid:7287) देते ह(cid:7289)।
3.2 ये ननयम, नकसी अ(cid:7008)य संदभ(cid:6981) म(cid:7286) र्आ(cid:7019)यक न होने तक या बितक नक संब(cid:7373) ए(cid:6989)सच(cid:7286)(िcid:7298) (cid:7367)ारा या समय-समय पर न(cid:6989)लयनरंग कॉप(cid:7299)रेन से अ(cid:7008)य (cid:7272)प म(cid:7286) र्नननद(cid:7287)नत न नकया ािए, संब(cid:7373) ए(cid:6989)सच(cid:7286)(िcid:7298) के सभी (cid:7079)कार के बाािर खंड(cid:7298) पर लागू ह(cid:7298)गे।
3.3 ये ननयम नन(cid:7388)नलनखत पर लागू ह(cid:7298)गे:
a. न(cid:6989)लयनरंग कॉप(cid:7299)रेन के सभी न(cid:6989)लयनरंग सद(cid:7021)य(cid:7298) पर ता हिां लागू ह(cid:7298) उनके अनधकृ त (cid:7079)यो(cid:7334)ा(cid:7312) पर;
b. न(cid:6989)लयनरंग कॉप(cid:7299)रेन के सभी न(cid:6989)लयनरंग सद(cid:7021)य(cid:7298) पर पार(cid:7021)पनरक (cid:7272)प से;
c. संब(cid:7373) ए(cid:6989)सच(cid:7286) िके सद(cid:7021)य(cid:7298) पर ोि (cid:7021र्)यं को न(cid:6989)लयनरंग कॉप(cid:7299)रेन के न(cid:6989)लयनरंग सद(cid:7021)य(cid:7298) से संब(cid:7373) कर्राता है, हिां ऐसे ए(cid:6989)सच(cid:7286) िने अपने (cid:7069)ेनडंग ॉम(cid:6981) पर ऐसे सद(cid:7021)य(cid:7298) (cid:7367)ारा संप(cid:7382) सौद(cid:7298) को समाोनधत करने ता ननपटारा करने के नलए न(cid:6989)लयनरंग कॉप(cid:7299)रेन के सा एक बा(cid:7007)यकारी समझौता संप(cid:7382) नकया हो;
d. ऐसे संब(cid:7373) ए(cid:6989)सच(cid:7286)(िcid:7298) पर, नसिने अपने (cid:7069)ेनडंग (cid:7009)लैटॉम(cid:6981) पर संप(cid:7382) सौद(cid:7298) / संर्नदा(cid:7312) के संबंध म(cid:7286) सभी ता संब(cid:7373) कामका(िcid:7298) समेत समाोधन ता ननपटारा काय(cid:7300) को सुगम बनाने के नलए न(cid:6989)लयनरंग कॉप(cid:7299)रेन के सा एक बा(cid:7007)यकारी (cid:7390र्)(cid:7021)ा तय की हो या समझौता संप(cid:7382) नकया हो;
e. ऐसे अ(cid:7008)य (cid:7390)न(cid:7334)य(cid:7298) या (cid:7079)नत(cid:7399)ान(cid:7298) पर, ननिम(cid:7286) ानमल ह(cid:7298)गे एक या एकानधक र्ेयरहाउस र्सेा (cid:7079)दाता, र्ेयरहाउस (cid:7079)नत(cid:7399)ान, नन(cid:6979)ेपागार ता/या सुरन(cid:6979)तर् ॉ(cid:7016)(cid:6999)स, न(cid:6989)लयनरंग ब(cid:7289)(cid:6989)स, अनभर(cid:6979)क ता ऐसी अ(cid:7008)य ए(िcid:7286)नसयां ोि न(cid:6989)लयनरंग कॉप(cid:7299)रेन की समुनचत र्सेाएं (cid:7079)दान करते ह(cid:7298) ता संब(cid:7373) ए(cid:6989)सच(cid:7286)(िcid:7298) के (cid:7069)ेनडंग ॉम(cid:6981) पर संप(cid:7382) सौद(cid:7298) के ननपटारे का नर्न(cid:6981)हन करते ह(cid:7298); ता
f. कोई अ(cid:7008)य (cid:7079)नत(cid:7399)ान या ए(िcid:7286)सी नसिे संब(cid:7373) (cid:7079)ानधकार र्ननननद(cid:7397) करता हो या समय-समय पर नसिके बारे म(cid:7286) अनधसूनचत करता हो,
3.4 ये ननयम (cid:7079)नतभूनत कानून(cid:7298) के (cid:7079र्)ाधान(cid:7298) के अधीन ह(cid:7298)गे।
3.5 बि तक र्नेष (cid:7272)प से छू ट न (cid:7079)दान की ािए, ये ननयम सभी या नकसी समाोधन खंड पर लागू ह(cid:7298)गे ोि न(cid:6989)लयनरंग कॉप(cid:7299)रेन पर पनरचानलत हो या उसके (cid:7367)ारा संचानलत हो और ैिसा नक समय-समय पर न(cid:6989)लयनरंग कॉप(cid:7299)रेन (cid:7367)ारा र्ननननद(cid:6981)(cid:7397) हो।
3.6 बि तक नक इन ननयम(cid:7298) म(cid:7286) (cid:7079)द(cid:7275) न हो, नकसी तीसरे प(cid:6979) के पास इन ननयम(cid:7298) के (cid:7079र्)ाधान(cid:7298) या उनके तहत नननम(cid:6981)त र्नननयम(cid:7298) के (cid:7079र्)त(cid:6981)न का अनधकार नह(cid:7277) है।
4. न(cid:6989)लयनरंग कॉप(cid:7299)रेन का बोड(cid:6981) ता (cid:7079)बंधन
4.1 (cid:7079)नतभूनत कानून(cid:7298) के (cid:7079र्)ाधान(cid:7298) के अनु(cid:7272)प ता म(cid:7016)टी कमोनडटी ए(cid:6989)सच(cid:7286) िन(cid:6989)लयनरंग कॉप(cid:7299)रेन नलनमटेड के संघ के अंतनन(cid:6981)यम ता संघ के बनहनन(cid:6981)यम म(cid:7286) मौूिद (cid:7079र्)ाधान(cid:7298) के अनु(cid:7272)प, ननदेक मंडल के पास नन(cid:7388) अनधकार होगा:
4.1.1 न(cid:6989)लयनरंग कॉप(cid:7299)रेन ता सभी न(cid:6989)लयनरंग सद(cid:7021)य(cid:7298) के सभी मामल(cid:7298) को लेकर पूण(cid:6981) ता परम (cid:7008)यायानधकार होगा और नकसी सनमनत र्अा न(cid:6989)लयनरंग कॉप(cid:7299)रेन के कम(cid:6981)चारी (एकानधक) से ुिे मामल(cid:7298) र् र्नषय(cid:7298) पर पय(cid:6981)पे(cid:6979)ण (cid:7008)यायानधकार मौूिद होगा और उसके नकसी भी चरण पर उनके काय(cid:7300) ता काय(cid:6981र्)ानहय(cid:7298) को ननद(cid:7287)नत कर सकता है।
4.1.2 न(cid:6989)लयनरंग कॉप(cid:7299)रेन के ननयम(cid:7298), उप-ननयम(cid:7298) ता र्नननयम(cid:7298) की (cid:7390)ा(cid:6990)या करने की पूण(cid:6981) न(cid:7334) ता अनधकार होगा ता न(cid:6989)लयनरंग कॉप(cid:7299)रेन के मामल(cid:7298) ता उसके (cid:7079)ासन, काय(cid:7300), काय(cid:6981)(cid:7079)णानलय(cid:7298) ता मामल(cid:7298) और न(cid:6989)लयनरंग सद(cid:7021)य(cid:7298) के आचरण से ुिे मामल(cid:7298) से ुिे सभी नबंदु(cid:7312), (cid:7079)(cid:7396)(cid:7298) ता र्र्नाद(cid:7298) पर अपना ननण(cid:6981)य देने का अनधकार होगा।
4.1.3 ननदेक मंडल (cid:7367)ारा नदया गया कोई र्र्नेचना ता नलया गया कोई ननण(cid:6981)य अंनतम और पूण(cid:6981) माना ािएगा औरर् े ननदेक मंडल (cid:7367)ारा उस र्र्नेचन या ननण(cid:6981)य की समी(cid:6979)ा, संोधन, र्नलोपन की न(cid:7334)य(cid:7298) के नकसी र्पूा(cid:6981)(cid:7061)ह के बगैर संब(cid:7373) प(cid:6979)(cid:7298) के नलए बा(cid:7007)यकारी माना ािएगा।
PART IV] THE GAZETTE OF INDIA, JUNE 17, 2017 (JYAISTHA 27, 1939) 12114.2 बोड(cid:6981) के पास नन(cid:7388)नलनखत न(cid:7334)यां नननहत ह(cid:7298)गी:
4.2.1 संब(cid:7373) ए(cid:6989)सच(cid:7286)(िcid:7298) के (cid:7069)ेनडंग ॉम(cid:6981) पर कारोबार र्ाली (cid:7079)नतभूनतय(cid:7298) ता संर्नदा(cid:7312) के संदभ(cid:6981) म(cid:7286) न(cid:6989)लयनरंग कॉप(cid:7299)रेन के न(cid:6989)लयनरंग खंड ता समाोधनर् ननपटारा (cid:7079)न(cid:7059)या और सरलीकरण ता न(cid:6989)लयनरंग सद(cid:7021)य(cid:7298) की काय(cid:6981)(cid:7079)णानलय(cid:7298)र् कामका(िcid:7298) के पनरचालन(cid:7298) के संघटन, अनुर(cid:6979)ण, ननयं(cid:7074)ण, (cid:7079)बंधन, र्नननयमन की न(cid:7334)यां।
4.2.2 न(cid:6989)लयनरंग कॉप(cid:7299)रेन के र्ननभ(cid:7382) न(cid:6989)लयनरंग खंड(cid:7298) ता उप-खंड(cid:7298) के (cid:7390र्)साय आचरण से ुिे कोई या सभी मामल(cid:7298) के नलए, न(cid:6989)लयनरंग सद(cid:7021)य(cid:7298) के बीच पार(cid:7021)पनरक (cid:7272)प से न(cid:6989)लयनरंग सद(cid:7021)य(cid:7298) के कारोबार ता लेनदेन(cid:7298) के नलए, और हिां कह(cid:7277) (cid:7079)यो(cid:6996)य हो न(cid:6989)लयनरंग सद(cid:7021)य(cid:7298)र् उन (cid:7390)न(cid:7334)य(cid:7298) के बीच लेनदेन(cid:7298) के नलए ननयम बनाने का अनधकार, ोि न(cid:6989)लयनरंग सद(cid:7021)य न हो, ता 4.2.3 ऐसे सभी लेनदेन(cid:7298) ता सौद(cid:7298) के ननयं(cid:7074)ण, उनकी (cid:7390)ा(cid:6990)या ता र्नननयम का अनधकार ता ऐसे दिम उठाना और ची(cid:7286) करना ोि न(cid:6989)लयनरंग कॉप(cid:7299)रेन के र्ननभ(cid:7382) न(cid:6989)लयनरंग सद(cid:7021)य(cid:7298) के उ(cid:7374)े(cid:7019)य(cid:7298) के नलए र्आ(cid:7019)यक हो।
4.3 र्पू(cid:6981र्)त(cid:7278) की (cid:7390)ापकता को लेकर नकसी र्पूा(cid:6981)(cid:7061)ह के बगैर, बोड(cid:6981) के पास नन(cid:7388)नलनखत म(cid:7286) से कोई या सभी मामल(cid:7298) के र्नननयम बनाने की न(cid:7334)यां:
a. न(cid:6989)लयनरंग कॉप(cid:7299)रेन के र्ननभ(cid:7382) न(cid:6989)लयनरंग खंड(cid:7298) के (cid:7390र्)साय संचालन;
b. न(cid:6989)लयनरंग कॉप(cid:7299)रेन के नकसी काय(cid:6981) के नलए सनमनत या सनमनतय(cid:7298) की ननयुन(cid:7334) या उ(cid:7008)ह(cid:7286) भंग करना;
c. संब(cid:7373) ए(cid:6989)सच(cid:7286)(िcid:7298), अनभर(cid:6979)क(cid:7298), नन(cid:6979)ेपागार,र् ेयरहाउस तार् ेयरहाउस र्सेा (cid:7079)दाता(cid:7312), न(cid:6989)लयनरंग ब(cid:7289)क (ब(cid:7289)क(cid:7298)) ता अ(cid:7008)य ऐसे ही र्सेा (cid:7079)दाता(cid:7312) के सा पनरचालन ता (cid:7390र्)हार करना, न(िcid:7008)ह(cid:7286) न(cid:6989)लयनरंग कॉप(cid:7299)रेन संब(cid:7373) ए(cid:6989)सच(cid:7286)(िcid:7298) के (cid:7069)ेनडंग ॉम(cid:6981) पर (cid:7069)ेनडंग सद(cid:7021)य(cid:7298) (cid:7367)ारा संप(cid:7382) सौद(cid:7298) के संदभ(cid:6981) म(cid:7286) एक न(cid:6989)लयनरंग कॉप(cid:7299)रेन के (cid:7272)प म(cid:7286) उसके कामका(िcid:7298) के नन(cid:7020)पादन के उ(cid:7374)े(cid:7019)य(cid:7298) से ननयु(cid:7334) कर सकता है र्अा उनके सा (cid:7390र्)हार कर सकता है;
d. न(cid:6989)लयनरंग सद(cid:7021)य(cid:7298) की र्ननभ(cid:7382) (cid:7088)ेनणय(cid:7298) का ननधा(cid:6981)रण करना, न(िcid:7008)ह(cid:7286) न(cid:6989)लयनरंग कॉप(cid:7299)रेन की सद(cid:7021)यता के नलए (cid:7021र्)ीकृ त नकया ािता हो;
e. न(cid:6989)लयनरंग कॉप(cid:7299)रेन के र्ननभ(cid:7382) न(cid:6989)लयनरंग खंड(cid:7298) की सद(cid:7021)यता की अनुमनत के नलए मानक(cid:7298), (cid:7079)न(cid:7059)या(cid:7312), ननयम और त(cid:7300) को र्नननद(cid:7287)नत करना;
f. न(cid:6989)लयनरंग कॉप(cid:7299)रेन के र्ननभ(cid:7382) न(cid:6989)लयनरंग खंड(cid:7298) की न(cid:6989)लयनरंग सद(cid:7021)यता के नलए त(cid:7288), (cid:7079र्)े या ननरंतरता हेतु मंूिरी या स(cid:7011)सन(cid:7059)(cid:7009)न तय करना;
g. न(cid:6989)लयनरंग कॉप(cid:7299)रेन के कारोबार के संबंध म(cid:7286) न(cid:6989)लयनरंग सद(cid:7021)य(cid:7298) के आचरण के नलए मानक(cid:7298) का ननधा(cid:6981)रण;
h. सकल पू ंीि र्आ(cid:7019)यकता(cid:7312) या पू ंीि पया(cid:6981)(cid:7385)ता या सकल मू(cid:7016)य र् अ(cid:7008)य मानक(cid:7298) का समय-समय पर सुर्झा पे करना, न(िcid:7008)ह(cid:7286) न(cid:6989)लयनरंग सद(cid:7021)य(cid:7298) की र्ननभ(cid:7382) (cid:7088)ेनणय(cid:7298) (cid:7367)ारा संचानलत नकया ािना होता है;
i. न(cid:6989)लयनरंग कॉप(cid:7299)रेन के र्ननभ(cid:7382) न(cid:6989)लयनरंग खंड(cid:7298) के निरए नकए गए (cid:7390र्)साय के नलए न(cid:6989)लयनरंग सद(cid:7021)य(cid:7298) (cid:7367)ारा देय ु(cid:7016)क;
j. समय-समय पर र्नननद(cid:7287)नत अनुसार न(cid:6989)लयनरंग सद(cid:7021)य(cid:7298) (cid:7367)ारा अनभलेख(cid:7298) ता लेखा-बनहय(cid:7298) का संचालन करना;
k. न(cid:6989)लयनरंग सद(cid:7021)य(cid:7298) की र्न(cid:7275)ीय दा, कारोबारी (cid:7390र्)हार ता पनरचालन(cid:7298) की ािंच करना;
l. समय-समय पर सुर्झा पे करना, ता ुिमा(cid:6981)न(cid:7298), दंड र् अ(cid:7008)य पनरणाम(cid:7298) का उ(cid:7016)लेख करना, नसिम(cid:7286) इन ननयम(cid:7298), उपननयम(cid:7298) ता र्नननयम(cid:7298) ता आचार संनहता के सुझाएर् अपेन(cid:6979)त मानक(cid:7298) से ुिी नकसी र्आ(cid:7019)यकता के उ(cid:7016)लंघन के कारण न(cid:6989)लयनरंग कॉप(cid:7299)रेन के र्ननभ(cid:7382) न(cid:6989)लयनरंग खंड(cid:7298) से या न(cid:6989)लयनरंग कॉप(cid:7299)रेन की सद(cid:7021)यता से न(cid:6989)लयनरंग सद(cid:7021)य(cid:7298) का ननलंबन/नन(cid:7020)कासन;
m. नकसी न(cid:6989)लयनरंग सद(cid:7021)य के र्न(cid:7271)(cid:7373) अनुासना(cid:7004)मक काय(cid:6981र्)ाही/(cid:7079)न(cid:7059)या अपनाना;
n. इन ननयम(cid:7298), उपननयम(cid:7298) ता र्नननयम(cid:7298) या न(cid:6989)लयनरंग कॉप(cid:7299)रेन के र्ननभ(cid:7382) न(cid:6989)लयनरंग खंड(cid:7298) के सामा(cid:7008)य अनुासन के अनु(cid:7272)प या उसके र्नपरीत गैर-अनुपालन के नलए ुिमा(cid:6981)ने, नसिम(cid:7286) न(cid:6989)लयनरंग सद(cid:7021)य(cid:7298) का नन(cid:7020)कासन या ननलंबन भी ानमल है;
o. नकसी न(cid:6989)लयनरंग सद(cid:7021)य को एक नडॉ(cid:7016)टर या न(cid:6989)लयनरंग सद(cid:7021)यता से नन(cid:7020)कासन या पंीिकरण र्अा ननलंबन की घोषणा करना;
p. एक या एकानधक न(cid:6989)लयनरंग खंड(cid:7298) या न(cid:6989)लयनरंग कॉप(cid:7299)रेन की सद(cid:7021)यता के पनर(cid:7004)याग, (cid:7004)यागप(cid:7074) या र्ापसी से ुिे मानक(cid:7298) का ननधा(cid:6981)रण करना और नकसी सद(cid:7021)य के पुन(cid:7079)(cid:6981र्)े के नलए मानक(cid:7298) का उ(cid:7016)लेख करना;
q. उन (cid:7079)नतबंध(cid:7298) से ुिे मानक(cid:7298) का ननधा(cid:6981)रण करना, न(िcid:7008)ह(cid:7286) नकसी न(cid:6989)लयनरंग सद(cid:7021)य की समाोधन ता ननपटारा गनतर्ननधय(cid:7298) के नलए तय नकया ािता है और उन मानक(cid:7298) का ननधा(cid:6981)रण करना ोि ऐसे (cid:7079)नतबंध(cid:7298) कोर् ापस करने से ुिे ह(cid:7298)।
1212 THE GAZETTE OF INDIA, JUNE 17, 2017 (JYAISTHA 27, 1939) [PART IVr. र्ेयरहाउसे ितार् ेयरहाउनसंग सर्न(cid:6981)स (cid:7079)दाता (नसिे ड(cid:7011)(cid:7016)यूएसपी) की संब(cid:7373)ता के नलए मानक(cid:7298) का ननधा(cid:6981)रण करना, ोि र्न(cid:7275)ीय न(cid:7021)नत, ड(cid:7011)(cid:7016)यूएसपी के संचालन, भौनतक सुर्नधा(cid:7312) ता (cid:7021)ल(cid:7298) के बुननयादी ढांच(cid:7298), आंतनरक ऑनडट का अन(cid:7021)त(cid:7004र्) ता इसकी गनतर्ननधय(cid:7298) की ननगरानी, ड(cid:7011)(cid:7016)यूएसपी के नलए उपल(cid:7011)ध बीमा र्कर से संब(cid:7373) ह(cid:7298);
s. ं ड(cid:7298) की सुर(cid:6979)ा, ाखा नेर्टक(cid:6981) ता र्न(cid:7021)तार ता ं ड(cid:7298) के सुगम ता सरल संचरण के नलए सही ढांचा से ुिे अ(cid:7008)य र्न(cid:7275)ीय दा के सा-सा न(cid:6989)लयनरंग ब(cid:7289)क(cid:7298) की ननयुन(cid:7334) के नलए मानक;
t. संर्नदा(cid:7312)/सौद(cid:7298) के संदभ(cid:6981) म(cid:7286) ता उससे उपेि या उसके कारण पैदा होनेर् ाले मानक ता (cid:7079)न(cid:7059)याएं;
u. न(cid:6989)लयनरंग सद(cid:7021)य(cid:7298) के बीच या न(cid:6989)लयनरंग सद(cid:7021)य(cid:7298)र् (cid:6989)लाइं(cid:6999)स के बीच (cid:7079)नतभूनतय(cid:7298) के लेनदेन से ुिे र्र्नाद(cid:7298), नकायत(cid:7298), र्दा(cid:7298) के ननपटारे के नलए मानक(cid:7298) का ननधा(cid:6981)रण, नसिम(cid:7286) समझौते या म(cid:7007)य(cid:7021)ता (cid:7367)ारा ननपटारा करने की (cid:7079)न(cid:7059)या ानमल हो ता उसके मानक र् (cid:7079)न(cid:7059)या ानमल हो और म(cid:7007)य(cid:7021)ता ननण(cid:6981)य का काया(cid:7304र्)यन भी समानहत हो;
v. ऐसे अ(cid:7008)य मामले ोि न(cid:6989)लयनरंग कॉप(cid:7299)रेन से ुिा हो, ैिसा नक संघ के अंतनन(cid:6981)यम, इन उप-ननयम(cid:7298) या ननयम(cid:7298) के (cid:7079र्)ाधान(cid:7298) म(cid:7286) र्नण(cid:6981)त हो र्अा ैिसा नक न(cid:6989)लयनरंग कॉप(cid:7299)रेन के संघठन, अनुर(cid:6979)ण, ननयं(cid:7074)ण, (cid:7079)बंधन, र्नननयम ता सुगमीकरण हेतु र्आ(cid:7019)यक या उनचत माना ािए।
4.4 बोड(cid:6981) के पास समय-समय पर, नकसी सनमनत (सनमनतय(cid:7298)) या न(cid:6989)लयनरंग कॉप(cid:7299)रेन के (cid:7079)बंध ननदेक/सीईओ को र्अा न(cid:6989)लयनरंग कॉप(cid:7299)रेन के नकसीर् नर(cid:7399) (cid:7390)न(cid:7334) को अपने र्र्नेकानधकार से न(cid:7334) (cid:7079)दान करने का अनधकार नननहत होगा, ोि समय-समय पर न(cid:6989)लयनरंग कॉप(cid:7299)रेन के र्ननभ(cid:7382) न(cid:6989)लयनरंग खंड(cid:7298) के सभी या नकसी मामले को (cid:7079)बंनधत करने से ुिी न(cid:7334) हो सकती है, सा ही ऐसी न(cid:7334)य(cid:7298) को र(cid:7374) करने,र् ापस करने, बदलने या पनर्रत(cid:6981)न करने की भी न(cid:7334) हो सकती है।
4.5 समय-समय पर बोड(cid:6981) एक या एकानधक सनमनतय(cid:7298) का गठन कर सकता है, नसिम(cid:7286) बोड(cid:6981) के सद(cid:7021)य यार् े सद(cid:7021)य ानमल हो सकते ह(cid:7289) न(िcid:7008)ह(cid:7286) बोड(cid:6981) अपने र्र्नेक से उनचत मानता हो या र्आ(cid:7019)यक मानता हो और ऐसी सनमनतय(cid:7298) को बोड(cid:6981) अपने र्र्नेक से न(cid:7334)यां (cid:7079)दान कर सकता है और समय-समय पर बोड(cid:6981) ऐसे (cid:7079)नतननधायन को र(cid:7374) भी कर सकता है।
4.6 बोड(cid:6981) के पास समय-समय पर गनठत सनमनतय(cid:7298) म(cid:7286) से नकसी सनमनत या नकसी अ(cid:7008)य (cid:7390)न(cid:7334) र्अा ऐसे (cid:7390)न(cid:7334)य(cid:7298) को ननद(cid:7287) ािरी करने का अनधकार होगा, न(िcid:7008)ह(cid:7286) बोड(cid:6981) ने न(cid:7334)यां (cid:7079)दान की हो।
इस न(cid:7334) के इ(cid:7021)तेमाल के (cid:7059)म म(cid:7286) ऐसे नदा-ननद(cid:7287), ोि नकसी नीनत की (cid:7079)कृ नत के ह(cid:7298) या उनम(cid:7286) ऐसे नदा-ननद(cid:7287) ानमल हो सकते ह(cid:7289) ोि नकसी खास मामले या नकसी मु(cid:7374)े को ननपटाने से ुिे ह(cid:7298), तोर् े संब(cid:7373) सनमनत (सनमनतय(cid:7298)) या अ(cid:7008)य (cid:7390)न(cid:7334)य(cid:7298) के नलए बा(cid:7007)यकारी ह(cid:7298)गे।
4.7 बोड(cid:6981) के पास सेबी की र्पू(cid:6981) अनुमनत से अपने (cid:7367)ारा सृनति उप-ननयम(cid:7298) ता ननयम(cid:7298) को बदलने, संोनधत करने, खंडन करने या उसम(cid:7286) ोिने की न(cid:7334) नननहत होती है।
4.8 बोड(cid:6981) अपने (cid:7367)ारा सृनति र्नननयम(cid:7298) को बदलने, संोनधत करने, खंडन करने या उसम(cid:7286) ोिने के नलए अनधकृ त है। ऐसे पनर्रत(cid:6981)न(cid:7298) की सूचना सेबी को दी ािएगी।
4.9 बोड(cid:6981) के सद(cid:7021)य ता ऐसी सनमनतय(cid:7298) के सद(cid:7021)य न(िcid:7008)ह(cid:7286) ऐसे पद के नलए ननयु(cid:7334) नकया ािता हो, सेबी (cid:7367)ारा र्नननद(cid:7287)नत नैनतकता संनहता का अनुपालन करेगा।
5. सनमनत (सनमनतयां)
5.1 संर्नधान
न(cid:6989)लयनरंग कॉप(cid:7299)रेन के र्ननभ(cid:7382) न(cid:6989)लयनरंग खंड(cid:7298) या उप-खंड(cid:7298) के दैननक कामका(िcid:7298) के (cid:7079)बंधन के नलए ता न(cid:6989)लयनरंग कॉप(cid:7299)रेन के (cid:7079)बंधन के अनुरोध पर न(cid:6989)लयनरंग कॉप(cid:7299)रेन के (cid:7079)बंधन को सलाह देने के नलए बोड(cid:6981) (cid:7367)ारा एक या एकानधक सनमनतय(cid:7298) का गठन नकया ाि सकता है। बोड(cid:6981)- सनमनत (सनमनतय(cid:7298)) के संर्नधान, र्अनध ता न(cid:7334)य(cid:7298), सनमनत (सनमनतय(cid:7298)) का नामांकन ता उनसे नानमनतय(cid:7298) की नरन(cid:7334) ता पदधारक की ननयुन(cid:7334) ता सनमनत (सनमनतय(cid:7298)) के कामका(िcid:7298) के नलए ननयम(cid:7298)र् (cid:7079)न(cid:7059)या(cid:7312) का ननधा(cid:6981)रण कर सकता है।
5.2 सनमनतय(cid:7298) के सद(cid:7021)य(cid:7298) का नामांकन:
5.2.2 गनठत (cid:7079)(cid:7004)येक सनमनत, बितक नक सेबी (cid:7367)ारा अ(cid:7008)यार् नण(cid:6981)त न नकया ािए, नन(cid:7388)नलनखत (cid:7088)ेणी के एक या एकानधक (cid:7390)न(cid:7334)य(cid:7298) को ानमल करेगी:
a. संब(cid:7373) ए(cid:6989)सच(cid:7286) िका (cid:7079)बंध ननदेक/सीईओ ता/या एक या एकानधक कम(cid:6981)चारी;
b. न(cid:6989)लयनरंग कॉप(cid:7299)रेन के ननदेक मंडल का एक या एकानधक सद(cid:7021)य;
PART IV] THE GAZETTE OF INDIA, JUNE 17, 2017 (JYAISTHA 27, 1939) 1213c. र्न(cid:7275), अकाउं नटंग, कानून, पू ंीि बाािर, ोिनखम (cid:7079)बंधन, सूचना (cid:7079)ौ(cid:7378)ोनगकी, दूरसंचार के (cid:6979)े(cid:7074) से (cid:6990)यानत(cid:7079)ा(cid:7385) (cid:7390)न(cid:7334) या र्नेष कमोनडटी से ुिे ए(cid:6989)सपट(cid:6981) या र्नेष(cid:6980); ता
d. ऐसा कोई (cid:7390)न(cid:7334) नसिे संबंध (cid:7079)ानधकार उनचत मानता हो।
5.2.3 बितक सेबी (cid:7367)ारा मंूिरी न दी ािती हो, नकसी भी गनठत सनमनतय(cid:7298) म(cid:7286) न(cid:6989)लयनरंग कॉप(cid:7299)रेन या ए(cid:6989)सच(cid:7286) िका कोई न(cid:6989)लयनरंग सद(cid:7021)य ानमल नह(cid:7277) होगा।
5.2.4 गनठत सनमनत अपने सद(cid:7021)य(cid:7298) के सा एक या एकानधक उप-सनमनतय(cid:7298) का गठन कर सकती है, ोि इस बारे म(cid:7286) इसके (cid:7021र्)यं के संर्नधान के ननयमर् त(cid:7300) के अधीन होगा। ऐसी उप-सनमनतय(cid:7298) का संर्नधान, न(cid:7334)यां ता न(िcid:7013)मेदानरयां उ(cid:7008)ह(cid:7286) गनठत करने र्ाली सनमनत (cid:7367)ारा ननधा(cid:6981)नरत नकए ािएंगे।
5.2.5 (cid:7079)बंध ननदेक/सीईओ भी उस तरीके से एक सनमनत या सनमनतय(cid:7298) का गठन कर सकता है, ोि ननयम 5 के तहत उनके र्र्नेकानुसार सही माना ािना हो।
5.2.6 (cid:7079)बंध ननदेक ऐसी सनमनतय(cid:7298) का गनठत करेगा नसिका समय-समय पर सेबी (cid:7367)ारा सुर्झा नदया ािता हो/र्आ(cid:7019)यक माना ािता हो। ऐसी सभी सनमनतयां इन (cid:7079र्)ाधान(cid:7298) के अनु(cid:7272)प उस सीमा तक काय(cid:6981) कर(cid:7286)गे/पनरचालन कर(cid:7286)गी, नक ऐसे (cid:7079र्)ाधान समय- समय पर सेबी/न(cid:6989)लयनरंग कॉप(cid:7299)रेनंस (cid:7367)ारार् नण(cid:6981)त (cid:7079र्)ाधान(cid:7298) के र्नपरीत न ह(cid:7298)।
5.3 सनमनतसनमनतसनमनतसनमनत के सद(cid:7021)य(cid:7298) का काय(cid:6981)कालके सद(cid:7021)य(cid:7298) का काय(cid:6981)कालके सद(cid:7021)य(cid:7298) का काय(cid:6981)कालके सद(cid:7021)य(cid:7298) का काय(cid:6981)काल
सनमनत के सद(cid:7021)य(cid:7298) का काय(cid:6981)काल उस र्अनध तक होगा नसिका हरेक सनमनत की न(cid:7021)नत म(cid:7286) सबं(cid:7373) (cid:7079)ानधकार (cid:7367)ारा उ(cid:7016)लेख नकया ािता हो और हरेक उप-सनमनत की न(cid:7021)नत म(cid:7286) यह उन उप-सनमनतय(cid:7298) का गठन करनेर् ाली सनमनत (cid:7367)ारा ननधा(cid:6981)नरत नकया ािएगा।
5.4 नकसीनकसीनकसीनकसी सद(cid:7021)य की अयो(cid:6991)यतासद(cid:7021)य की अयो(cid:6991)यतासद(cid:7021)य की अयो(cid:6991)यतासद(cid:7021)य की अयो(cid:6991)यता
नकसी ऐसे (cid:7390)न(cid:7334) को सनमनत के सद(cid:7021)य के (cid:7272)प म(cid:7286) ननयु(cid:7334) नह(cid:7277) नकया ािएगा यार् ह आगे सद(cid:7021)य के (cid:7272)प म(cid:7286) बना नह(cid:7277) रहेगा, यनदर् ह न(cid:6989)लयनरंग कॉप(cid:7299)रेन के इन ननयम(cid:7298), र्नननयम(cid:7298), उप-ननयम(cid:7298) र्अा संघ के अंतनन(cid:6981)यम(cid:7298) म(cid:7286) बताए अनुसार र्अा ननदेक मंडल या सेबी (cid:7367)ारा र्नननद(cid:7287)नत अनुसार र्अा नकसी सद(cid:7021)य पर लागू होने र्ाली नकसी अयो(cid:6991)यता का अनधकारी हो ािता है, और ऐसा सद(cid:7021)य ोि अयो(cid:6991)यता का हदिार हो, (cid:7021र्)तः अपना पद खाली कर देगा।
5.5 सनमनतसनमनतसनमनतसनमनत का अ(cid:7007)य(cid:6979)का अ(cid:7007)य(cid:6979)का अ(cid:7007)य(cid:6979)का अ(cid:7007)य(cid:6979)
सनमनत के सद(cid:7021)य अपने बीच से एक अ(cid:7007)य(cid:6979) का चुर्ना कर सकते ह(cid:7289)।
5.6 सनमनतसनमनतसनमनतसनमनत की बैठक ता काय(cid:6981र्)ाहीकी बैठक ता काय(cid:6981र्)ाहीकी बैठक ता काय(cid:6981र्)ाहीकी बैठक ता काय(cid:6981र्)ाही
5.6.1 सनमनत (cid:7021र्)यम (cid:7367)ारा ननधा(cid:6981)नरत अंतराल(cid:7298) पर बैठक कर सकती है, उसे (cid:7021)नगत कर सकती है और अपने ननण(cid:6981)य के अनुसार बैठक को र्नननयनमत कर सकती है र्एं उसकी काय(cid:6981र्)ानहयँ संचानलत कर सकती है।
5.6.2 कोई सनमनत बैठक कर सकती है या (cid:7021)नगत हो सकती है, ोि उसके र्र्नेक पर ननभ(cid:6981)र करेगा।
5.6.3 नकसी सनमनत की बैठक से उपेि नक(cid:7008)ह(cid:7277) (cid:7079)(cid:7396)(cid:7298) को उपन(cid:7021)त सद(cid:7021)य(cid:7298) के ब(cid:7263)मत (cid:7367)ारा ननधा(cid:6981)नरत नकया ािएगा; ऐसी न(cid:7021)नत म(cid:7286) बि मत देनेर् ाले सद(cid:7021)य(cid:7298) की समानता बन ािए, तब सनमनत का अ(cid:7007)य(cid:6979) सनमनत के सद(cid:7021)य के (cid:7272)प म(cid:7286) अपने मद डालने के अनतनर(cid:7334) एक सेकं डर् ोट या कान(cid:7021)टंगर् ोट का इ(cid:7021)तेमाल करेगा।
5.6.4 सनमनत की सभी बैठक(cid:7298) म(cid:7286), आम तौर पर सनमनत का अ(cid:7007)य(cid:6979) बैठक की अ(cid:7007)य(cid:6979)ता करेगा और उसकी अनुपन(cid:7021)नत म(cid:7286), सनमनत के सद(cid:7021)य अपने म(cid:7286) से नकसी एक सद(cid:7021)य को उस बैठक हेतु एक अ(cid:7007)य(cid:6979) के (cid:7272)प म(cid:7286) चुर्ना करेगा, ोि सेबी/न(cid:6989)लयनरंग कॉप(cid:7299)रेन (cid:7367)ारार् नण(cid:6981)त र्ननध के अनु(cid:7272)प होगा। सनमनत का कोई सद(cid:7021)य यनद बैठक से र्पू(cid:6981) (cid:7390र्)साय म(cid:7286) (cid:7271)नच (cid:7079)कट करेगा तोर् ह चचा(cid:6981), र्ोनटंग ता उ(cid:7334) मामले पर ननण(cid:6981)य(cid:7298) से बाहर रहेगा। यनद अ(cid:7007)य(cid:6979) की ऐसी (cid:7271)नच हो तोर् ह भी बैठक की अ(cid:7007)य(cid:6979)ता करने से बाहर रहेगा।
5.6.5 नकसी मामले के संदभ(cid:6981) म(cid:7286) सनमनत बैठक म(cid:7286) गैर-मौूिदगी या (cid:7079)ॉ(cid:6989)सीर् ोनटंग की अनुमनत दी ािएगी।
5.6.6 सनमनत अपनी बैठक म(cid:7286) नसिम(cid:7286) एक कोरम मौूिद हो, सभी या नकसी भी अनधकार के इ(cid:7021)तेमाल के यो(cid:6991)य होगी और उसम(cid:7286) नननहत काय(cid:7300) को पूरा करने की न(cid:7334) का इ(cid:7021)तेमाल करेगा।
5.7 सनमनतसनमनतसनमनतसनमनत की बैठक(cid:7298) के नलए कोरमकी बैठक(cid:7298) के नलए कोरमकी बैठक(cid:7298) के नलए कोरमकी बैठक(cid:7298) के नलए कोरम
हरेक सनमनत बैठक के नलए कोरम उस सनमनत की कु ल सद(cid:7021)य सं(cid:6990)या के एक-नतहाई या दो (2) होगा, ोि भी अनधक हो ािए, के र्ल एकल-सद(cid:7021)यर् ाली सनमनत की न(cid:7021)नत को छोकर।
1214 THE GAZETTE OF INDIA, JUNE 17, 2017 (JYAISTHA 27, 1939) [PART IV5.8 सनमनतय(cid:7298)सनमनतय(cid:7298)सनमनतय(cid:7298)सनमनतय(cid:7298) की न(cid:7334)यांकी न(cid:7334)यांकी न(cid:7334)यांकी न(cid:7334)यां
5.8.1 बोड(cid:6981) समय-समय पर, नकसी सनमनत (सनमनतय(cid:7298)) को ऐसी न(cid:7334)यां स(cid:7301)प सकती है, ोि उसम(cid:7286) नननहत हो ता उन त(cid:7300) पर न(िcid:7008)ह(cid:7286) यह सही मानती हो, तानक न(cid:6989)लयनरंग कॉप(cid:7299)रेन के न(cid:6989)लयनरंग खंड(cid:7298) के नकसी या सभी मामल(cid:7298) को (cid:7079)बंनधत नकया ाि सके र्अा बोड(cid:6981) समय-समय पर ऐसी न(cid:7334)य(cid:7298) को र(cid:7374) कर सकती है,र् ापस कर सकती है, बदल सकती है या पनर्रत(cid:6981)न कर सकती है।
5.8.2 सनमनत (सनमनतयां) समय-समय पर बोड(cid:6981) (cid:7367)ारा ािरी ननद(cid:7287)(cid:7298) को संप(cid:7382) करने ता काया(cid:7304)र्नत करने के नलए बा(cid:7007)य या मबिूर होगा औरर् ेर् नण(cid:6981)त नकए अनुसार सनमनत (सनमनतय(cid:7298)) के अनधकार(cid:7298) के (cid:7079)नतनननध(cid:7004र्) ता सीमा(cid:7312) की सभी त(cid:7300) का पालन करेगी।
6. संब(cid:7373) (cid:7079)ानधकार की न(cid:7334)यां
6.1 सनमनत की र्पू(cid:7299)(cid:7334) न(cid:7334)य(cid:7298) ता समय-समय पर (cid:7079)र्भाी ननयम(cid:7298), उप-ननयम(cid:7298) ता र्नननयम(cid:7298) (cid:7367)ारा नकसी अ(cid:7008)य न(cid:7334) र्अा (cid:7079)ानधकार की अ(cid:7021)प(cid:7397) (cid:7272)प से ता (cid:7021)प(cid:7397) (cid:7272)प से (cid:7390)ापकता के (cid:7079)नत नबना नकसी र्पूा(cid:6981)(cid:7061)ह के , संब(cid:7373) (cid:7079)ानधकार के पास समय-समय पर न(cid:6989)लयनरंग कॉप(cid:7299)रेन (cid:7367)ारार् नण(cid:6981)त नीनत के अनु(cid:7272)प नन(cid:7388)नलनखत कत(cid:6981)(cid:7390)र् न(cid:7334)यां ह(cid:7298)गे:
6.1.1 बाािर र्नननयम से ुिे सभी मामल(cid:7298) ता नन(cid:7388)नलनखत मामल(cid:7298) से ुिे दिम(cid:7298) की अनुपालनता पर न(cid:6989)लयनरंग कॉप(cid:7299)रेन (cid:7367)ारा नलए ननण(cid:6981)य ता र्नननद(cid:7287)नत नीनतय(cid:7298) के काया(cid:7304र्)यन करना ता गैर-अनुपालनता के नलए ुिमा(cid:6981)ना लगाना, नसिम(cid:7286) संब(cid:7373) (cid:7079)ानधकार (cid:7367)ारा नकसी सनमनत को स(cid:7301)पे र्नेष (cid:6979)े(cid:7074) ानमल नह(cid:7277) ह(cid:7298)गे:
a. न(cid:6989)लयनरंग कॉप(cid:7299)रेन पर नकसी न(cid:6989)लयनरंग सद(cid:7021)य के सौदे ता ननपटारा के सभी आयाम(cid:7298) ता (cid:7079)नतभूनतय(cid:7298) म(cid:7286) कोई या उसके सभी (cid:7390र्)साय लेनदेन(cid:7298) के नलहा िसे उस न(cid:6989)लयनरंग सद(cid:7021)य को अनुानसत करना,
b. नकसी न(cid:6989)लयनरंग सद(cid:7021)य (cid:7367)ारा उसके (cid:6989)लाइंट(cid:7298) के पास द(िcid:6981) (cid:7079)नतभूनतय(cid:7298) म(cid:7286) सभी लेनदेन(cid:7298) का ननपटारा,
c. र्नेष मान(िcid:6981)न(cid:7298) समेत र्ननभ(cid:7382) (cid:7079)कार के मान(िcid:6981)न(cid:7298) का आरोपण,
d. न(cid:6989)लयनरंग सद(cid:7021)यता, मान(िcid:6981)न ता ननपटारे र्अा सर्न(cid:6981)लांस काय(cid:7300) से ुिे उ(cid:7275)रदानय(cid:7004र्)(cid:7298) की गैर-पनरपूण(cid:6981)ता हेतु नकसी न(cid:6989)लयनरंग सद(cid:7021)य की न(cid:6989)लयनरंग सुर्नधा कार् ापस लेना या (cid:7079)नतबंध लगाना,
6.1.2 ननयम(cid:7298), उप-ननयम(cid:7298) ता र्नननयम(cid:7298) के नलए र्आ(cid:7019)यक रन(िcid:7021)टर(cid:7298), द(cid:7021)र्ताे(cid:7298) ता नरकॉड(cid:7300) का संचालन करना;
6.1.3 नकायत लेना और उनका ननपटारा करना और ऐसी पूछताछ करना और ऐसी सूचनाएं एक(cid:7074) करना ोि ननयम(cid:7298), उप-ननयम(cid:7298) ता र्नननयम(cid:7298) म(cid:7286) (cid:7079)द(cid:7275) के (cid:7272)प म(cid:7286) र्आ(cid:7019)यक हो सकती ह(cid:7289) र्अा र्आ(cid:7019)यक काय(cid:6981र्)ाही को (cid:7079)ेनरत करती ह(cid:7298)।
6.1.4 सेबी (cid:7367)ारा ािरी नकसी सकु (cid:6981) लर(cid:7298), नदा-ननद(cid:7287)(cid:7298) या ािंच नरपोट(cid:6981) के अनु(cid:7272)प पनरणामी दिम उठाना;
6.1.5 सभी अनधसूचना(cid:7312) ता (cid:7079)ेस नरली(िcid:7298) पर ह(cid:7021)ता(cid:6979)र करना और उ(cid:7008)ह(cid:7286) ािरी करना र्अा उनपर ह(cid:7021)ता(cid:6979)र कर्राना और ािरी कर्राना;
6.1.6 समय-समय पर भारत सरकार या सेबी या संब(cid:7373) (cid:7079)ानधकार (cid:7367)ारा ािरी ता ननयम(cid:7298), उप-ननयम(cid:7298) र् र्नननयम(cid:7298) के अंतग(cid:6981)त ािरी नदा-ननद(cid:7287)(cid:7298), आदे(cid:7298), गाइडलाइंस, मानक(cid:7298) ता सकु (cid:6981) लर(cid:7298) को लागू करना;
6.1.7 न(cid:6989)लयनरंग सद(cid:7021)य(cid:7298) (cid:7367)ारा न(cid:6989)लयनरंग कॉप(cid:7299)रेन/सेबी हेतु र्ननभ(cid:7382) देय ता भुगतान यो(cid:6991)य रानय(cid:7298) की न(cid:6989)लयनरंग सद(cid:7021)य(cid:7298) के खात(cid:7298) से डेनबट करते (cid:7263)एर् सूली करना;
6.1.8 न(cid:6989)लयनरंग सद(cid:7021)यता के संदभ(cid:6981) म(cid:7286) (cid:7021)टेट या संर्नधान म(cid:7286) पनर्रत(cid:6981)न ता ह(cid:7021)तांतरण को मंूिरी देना;
6.1.9 नकसी उस न(cid:6989)लयनरंग सद(cid:7021)य से उपन(cid:7021)नत ता सूचना का आ(cid:7022र्)ान करना, नसिम(cid:7286) पु(cid:7021)तक, पेपर, द(cid:7021)र्ताे ता अ(cid:7008)य अनभलेख र्अा सूचना ानमल ह(cid:7298)गी, ोि पहले से न(cid:6989)लयनरंग सद(cid:7021)य(cid:7298) के (cid:7272)प म(cid:7286) (cid:7021र्)ीकृ त ह(cid:7289) या ऐसे सद(cid:7021)य(cid:7298) से ोि न(cid:6989)लयनरंग कॉप(cid:7299)रेन म(cid:7286) (cid:7079र्)े के इ(cid:6994)छु क ह(cid:7298);
6.1.10 न(cid:6989)लयनरंग से संबंनधत उपयु(cid:7334) दिम उठाना तानक न(cid:6989)लयनरंग कॉप(cid:7299)रेन, न(cid:6989)लयनरंग सद(cid:7021)य(cid:7298)र् उनके (cid:6989)लाइं(cid:6999)स के नहत(cid:7298) की र(cid:6979)ा और बर्चा नकया ाि सके
6.1.11 न(cid:6989)लयनरंग सद(cid:7021)य(cid:7298) के (cid:7390र्)साय ता आचरणर् काय(cid:6981)(cid:7390)ापार(cid:7298) की ािंच करने ता ननरी(cid:6979)ण करने का आ(cid:7022र्)ान करना 6.1.12 न(cid:6989)लयनरंग कॉप(cid:7299)रेन का सभी मामल(cid:7298) म(cid:7286) उसके आनधकानरक (cid:7079)नतनननध के तौर पर काय(cid:6981) करना
6.1.13 ऐसे अ(cid:7008)य कत(cid:6981)(cid:7390) ता काय(cid:6981) करना, ोि उपरो(cid:7334) कत(cid:6981)(cid:7390)(cid:7298) के नन(cid:7020)पादन हेतु (cid:7079)ासंनगक र् सहायक हो ता ऐसी न(cid:7334)य(cid:7298) का इ(cid:7021)तेमाल करना, ोि उसे संब(cid:7373) (cid:7079)ानधकार (cid:7367)ारा र्अा सेबी (cid:7367)ारा (cid:7079)दान की गई होPART IV] THE GAZETTE OF INDIA, JUNE 17, 2017 (JYAISTHA 27, 1939) 1215 7. न(cid:6989)लयनरंग सद(cid:7021)यता
7.1 र्नर्नधर्नर्नधर्नर्नधर्नर्नध (cid:7088)ेणी(cid:7088)ेणी(cid:7088)ेणी(cid:7088)ेणी
नकसी न(cid:6989)लयनरंग सद(cid:7021)य के अनधकार, र्नेषानधकारर् ाले कत(cid:6981)(cid:7390) ता न(िcid:7013)मेदानरयां ननयम(cid:7298), उप-ननयम(cid:7298) ता र्नननयम(cid:7298) के अनु(cid:7272)प और उससे ुिे ह(cid:7289)। संब(cid:7373) (cid:7079)ानधकार समान न(cid:6989)लयनरंग खंड या र्ननभ(cid:7382) न(cid:6989)लयनरंग खंड(cid:7298) के नलए न(cid:6989)लयनरंग सद(cid:7021)य(cid:7298) की एक से अनधक (cid:7088)ेणी को पनरभानषत और (cid:7021र्)ीकार कर सकता है और र्ननभ(cid:7382) मानक(cid:7298) का र्नननद(cid:7287)क कर सकता है, नसिम(cid:7286) र्ननभ(cid:7382) खंड(cid:7298) हेतु सद(cid:7021)यता की यो(cid:6991)यता, (cid:7021र्)ीकृ नत ता समान(cid:7385) ता सद(cid:7021)यता पनर(cid:7004)याग भी ानमल है।
7.2 (cid:7079र्)े(cid:7079र्)े(cid:7079र्)े(cid:7079र्)े ता ु(cid:7016)कता ु(cid:7016)कता ु(cid:7016)कता ु(cid:7016)क
7.2.1 संब(cid:7373) (cid:7079)ानधकार न(cid:6989)लयनरंग सद(cid:7021)य(cid:7298) की र्ननभ(cid:7382) (cid:7088)ेनणय(cid:7298) का उ(cid:7016)लेख कर सकता है और उनकी यो(cid:6991)यता, र्न(cid:7275)ीय नेट मू(cid:7016)य, बुननयादी ढांचा ता हरेक ऐसी (cid:7088)ेणी ता/या न(cid:6989)लयनरंग खंड के नलए अ(cid:7008)य संब(cid:7373) मानक(cid:7298) कार् ण(cid:6981)न कर सकता है।
7.2.2 संब(cid:7373) (cid:7079)ानधकार न(cid:6989)लयनरंग कॉप(cid:7299)रेन के सभी या नकसी न(cid:6989)लयनरंग खंड(cid:7298) म(cid:7286) न(cid:6989)लयनरंग सद(cid:7021)य(cid:7298) के (cid:7079र्)े के र्आेदन, पुन(cid:7079)(cid:6981र्)े की समान(cid:7385) हेतु र्पू(cid:6981) र्आ(cid:7019)यकताएं, दाएं, (cid:7079)ा(cid:7272)प ता (cid:7079)न(cid:7059)याएंर् नण(cid:6981)त कर सकता है। संब(cid:7373) (cid:7079)ानधकार अपने र्र्नेकानधकार से नकसी न(cid:6989)लयनरंग सद(cid:7021)य को नकसी या सभी न(cid:6989)लयनरंग खंड(cid:7298) म(cid:7286) (cid:7079र्)े करने के नलए नकसी र्आेदक की अनुमनत को अ(cid:7021र्)ीकार कर सकता है।
7.2.3 ऐसे ु(cid:7016)क, सुर(cid:6979)ा मिा, योगदान रान ता अ(cid:7008)य धन ोि संब(cid:7373) (cid:7079)ानधकार (cid:7367)ारा र्नननद(cid:7287)नत हो, न(cid:6989)लयनरंग सद(cid:7021)य के सद(cid:7021)य के (cid:7272)प म(cid:7286) (cid:7079र्)े ता उसकी ननरंतर ननयुन(cid:7334) के नलए (cid:7079र्)े पर या (cid:7079र्)े से र्पू(cid:6981) देय ह(cid:7298)गे।
7.3 यो(cid:6991)यतायो(cid:6991)यतायो(cid:6991)यतायो(cid:6991)यता
नन(cid:7388)नलनखत (cid:7390)न(cid:7334) सामा(cid:7008)यतः न(cid:6989)लयनरंग कॉप(cid:7299)रेन के न(cid:6989)लयनरंग सद(cid:7021)य बनने के नलए यो(cid:6991)य ह(cid:7298)गे:
a. (cid:7390)न(cid:7334) र्नेष;
b. भारतीय साझेदारी अनधननयम, 1932 के तहत पंीिकृ त म(cid:6981);
c. कं पनी अनधननयम, 1956 (1956 का 1) के से(cid:6989)न 4A या कं पनी अनधननयम 2013 के से(cid:6989)न 2(72) म(cid:7286) पनरभानषत एक पन(cid:7011)लक र्न(cid:7275)ीय सं(cid:7021)ान;
d. भारतीय नर्र(िcid:6981) अनधननयम, 1934 (1934 का 2) की न(cid:7367)तीय अनुसूची म(cid:7286) उस समय के नलए ानमल कोई ब(cid:7289)क;
e. भारतीय नर्र(िcid:6981) ब(cid:7289)क की अनुमनत से भारत म(cid:7286) पनरचालन करनेर् ाला एक र्नदेी ब(cid:7289)क;
f. रा(cid:6996)य र्न(cid:7275)ीय ननगम अनधननयम 1951 (1951 का 63) के से(cid:6989)न 3 के (cid:7079र्)ाधान(cid:7298) के तहत (cid:7021)ानपत एक रा(cid:6996)य र्न(cid:7275)ीय ननगम;
g. एक सं(cid:7021)ान ोि र्न(cid:7275)ीय र्सेाएं (cid:7079)दान करने म(cid:7286) ानमल हो और उसे संयु(cid:7334) (cid:7272)प से या गंभीर (cid:7272)प से उपोपबंध (c) से (f) म(cid:7286)र् नण(cid:6981)त सं(cid:7021)ान(cid:7298) (cid:7367)ारा र्संनध(cid:6981)त नकया ािता हो;
h. (cid:7079)नतभूनतय(cid:7298) के अनभर(cid:6979)क, न(िcid:7008)ह(cid:7286) सेबी अनधननयम के से(cid:6989)न 12 के सब-से(cid:6989)न (1A) के तहत बोड(cid:6981) (cid:7367)ारा पंीिकरण (cid:7079)माणप(cid:7074) (cid:7021र्)ीकृ त नकया गया हो;
i. (cid:7021)टॉक (cid:7081)ोकर, न(िcid:7008)ह(cid:7286) सेबी अनधननयम के से(cid:6989)न 12 के सब-से(cid:6989)न (1) के तहत बोड(cid:6981) (cid:7367)ारा पंीिकरण (cid:7079)माणप(cid:7074) (cid:7021र्)ीकृ त नकया गया हो;
j. कं पनी अनधननयम 1956 के तहतर् नण(cid:6981)त एक कं पनी या कोईर् ैधाननक पनर्रत(cid:6981)न र्अा उसका पुन(cid:7079)(cid:6981र्)त(cid:6981)न;
k. नकसी इ(cid:7019)यू का एक रन(िcid:7021)(cid:7069)ार या ेयर (cid:7069)ांसर ए(िcid:7286)ट, न(िcid:7008)ह(cid:7286) सेबी अनधननयम के से(cid:6989)न 12 के सब-से(cid:6989)न (1) के तहत बोड(cid:6981) (cid:7367)ारा पंीिकरण (cid:7079)माणप(cid:7074) (cid:7021र्)ीकृ त नकया गया हो;
l. एक सीनमत उ(cid:7275)रदानय(cid:7004र्)र् ाली नननम(cid:6981)त साझेदारी और नलनमटेड लायनबनलटी पाट(cid:6981)नरनप अनधननयम, 2008 के तहत पंीिकृ त या कोईर् ैधाननक पनर्रत(cid:6981)न या उसका पुन(cid:7079)(cid:6981र्)त(cid:6981)न।
m. सेबी (cid:7367)ारा (cid:7021र्)ीकृ त कोई अ(cid:7008)य (cid:7079)नत(cid:7399)ान।
7.3.1 हालांनक, कु छ र्नेष न(cid:6989)लयनरंग खंड(cid:7298) या उप-खंड(cid:7298) की (cid:7079)कृ नत, र्आ(cid:7019)यकता(cid:7312) ता निटलता के आधार पर, न(िcid:7008)ह(cid:7286) न(cid:6989)लयनरंग कॉप(cid:7299)रेन (cid:7367)ारा (cid:7079)(cid:7021)तुत नकया ाि सकता है, संब(cid:7373) (cid:7079)ानधकार एक या एकानधक (cid:7079)नत(cid:7399)ान(cid:7298) को ऐसे न(cid:6989)लयनरंग खंड की सद(cid:7021)यता की (cid:7021र्)ीकृ नत को (cid:7079)नतबंनधत या इंकार कर सकता है या ऐसे (cid:7079)नत(cid:7399)ान(cid:7298) की यो(cid:6991)यता के बारे म(cid:7286) अनतनर(cid:7334) त(cid:6981) आरोनपत कर सकता है।
1216 THE GAZETTE OF INDIA, JUNE 17, 2017 (JYAISTHA 27, 1939) [PART IV7.3.2 नकसी (cid:7390)न(cid:7334) या (cid:7079)नत(cid:7399)ान को एक न(cid:6989)लयनरंग सद(cid:7021)य के (cid:7272)प म(cid:7286) (cid:7021र्)ीकृ त नह(cid:7277) नकया ािएगा यनद ऐसे (cid:7079)(cid:7021)तार्नत सद(cid:7021)य:
a. एक (cid:7390)न(cid:7334) नसिने 21र् ष(cid:6981) पूरा न नकया हो;
b. नर्दानलया घोनषत कर नदया गया हो या उस (cid:7390)न(cid:7334) के नखला नर्दानलयापन का एक आदे ािरी नकया गया हो या उस (cid:7390)न(cid:7334) को नर्दानलया सानबत कर नदया गया हो, भले ही उसने अपना अंनतम नड(cid:7021)चा(िcid:6981) हानसल कर नलया हो;
c. अपने ऋणदाता(cid:7312) के सा उसने क(िcid:6981) के कु ल र्नमोचन से कम संयोनति नकया हो;
d. उसे नकसी ािलसाीि या बेइमानीर् ाले नकसी उ(cid:7016)लंघन के नलए आरोनपत नकया गया हो;
e. एक कॉप(cid:7299)रेट ननकाय हो नसिने कु छ ऐसा काय(cid:6981) नकया हो नसिसे र्ह कानून के (cid:7079र्)ाधान के तहत पनरसमा(cid:7385) करने के यो(cid:6991)य बनाता हो;
f. एक कॉप(cid:7299)रेट ननकाय हो नसिके पास एक (cid:7079र्)ाधाननक नलन(cid:7332)डेटर या नरर्सीर हो र्अा (cid:7390)न(cid:7334) के नलए एक आनधकानरक नलन(cid:7332)डेटर ननयु(cid:7334) हो;
g. नकसी समय नन(cid:7020)कानसक नकया गया हो या नकसी (cid:7021)टॉक ए(cid:6989)सच(cid:7286) िया अ(cid:7008)य न(cid:6989)लयनरंग कॉप(cid:7299)रेन (cid:7367)ारा एक नडॉ(cid:7016)टर घोनषत नकया गया हो;
h. र्पू(cid:6981) म(cid:7286) न(cid:6989)लयनरंग सद(cid:7021)यता म(cid:7286) (cid:7079र्)े से इंकार नकया ाि चुका हो, बितक नक अ(cid:7021र्)ीकृ नत की नतन से एकर् ष(cid:6981) की र्अनध न बीत ािता हो;
7.3.3 कोई नलनमटेड लायनबनलटी पाट(cid:6981)रनप न(cid:6989)लयनरंग कॉप(cid:7299)रेन की न(cid:6989)लयनरंग सद(cid:7021)यता (cid:7079)ा(cid:7385) नह(cid:7277) करेगा, बितक नक:
a. नलनमटेड लायनबनलटी पाट(cid:6981)रनप का गठन नकया ािता हो और उसे नलनमटेड लायनबनलटी पाट(cid:6981)रनप अनधननयम, 2008 के तहत पंीिकृ त न कर्रा नलया ािता हो।
b. नलनमटेड लायनबनलटी पाट(cid:6981)रनप (cid:7079)नतभूनत संर्नदा नलनमटेड लायनबनलटी पाट(cid:6981)रनप से संब(cid:7373) (र्नननयम) ननयम, 1957 के ननयम 8(6) का अनुपालन करेगी।
7.4 अनतनर(cid:7334) यो(cid:6991)यता मानदंड
नकसी (cid:7390)न(cid:7334) के पास न(cid:6989)लयनरंग सद(cid:7021)यता म(cid:7286) (cid:7079र्)े करने की यो(cid:6991)यता तबतक नह(cid:7277) हानसल होगी, बितक नक ऐसा (cid:7390)न(cid:7334) बोड(cid:6981) या संब(cid:7373) (cid:7079)ानधकार (cid:7367)ारा समय-समय पर न(cid:6989)लयनरंग सद(cid:7021)य(cid:7298) की र्ननभ(cid:7382) (cid:7088)ेनणय(cid:7298) के नलए (cid:7079)(cid:7021)तार्नत अनतनर(cid:7334) यो(cid:6991)यता मानदंड को संतु(cid:7397) न कर लेता हो;
हालांनक संब(cid:7373) (cid:7079)ानधकार नकसी या सभी (cid:7079र्)े त(cid:7300) से छू ट (cid:7079)दान कर सकता है तार् ह अपने र्र्नेकानधकार पर उपरो(cid:7334) र्आ(cid:7019)यकता(cid:7312) को हटा सकता है, यनद उसे यह लगता हो नक (cid:7079र्)े की चाह रखनेर् ाले (cid:7390)न(cid:7334) को संब(cid:7373) (cid:7079)ानधकार (cid:7367)ारा अ(cid:7008)य तरीके से एक न(cid:6989)लयनरंग सद(cid:7021)य म(cid:7286) ानमल होने के नलए यो(cid:6991)य माना ािता है, ोि नक उस (cid:7390)न(cid:7334) के मा(cid:7007)यम, पोननि, स(cid:7004)यनन(cid:7399)ा, (cid:6980)ान ता (cid:7079)नतभूनतय(cid:7298) म(cid:7286) (cid:7390र्)साय करने का अनुर्भ से ुिा होगा।
7.5 (cid:7079र्)े
7.5.1 न(cid:6989)लयनरंग सद(cid:7021)यता के तहत नकसी यो(cid:6991)य (cid:7088)ेणी के तहत सद(cid:7021)यता पाने के इ(cid:6994)छु क नकसी (cid:7390)न(cid:7334) या (cid:7079)नत(cid:7399)ान ता एक या एकानधक न(cid:6989)लयनरंग खंड(cid:7298) के संदभ(cid:6981) म(cid:7286) नसिके नलए ऐसा (cid:7390)न(cid:7334) र्अा (cid:7079)नत(cid:7399)ान सद(cid:7021)यता पाने के यो(cid:6991)य हो, ऐसे उ(cid:7374)े(cid:7019)य(cid:7298) के नलए (cid:7079)(cid:7021)तार्नत (cid:7021र्)(cid:7272)प ता तरीके म(cid:7286) न(cid:6989)लयनरंग कॉप(cid:7299)रेन म(cid:7286) र्आेदन करेगा। हरेक र्आेदन को संब(cid:7373) (cid:7079)ानधकार (cid:7367)ारा ननपटा ािएगा, ोि अपने र्र्नेकानधकार पर ऐसे र्आेदक (cid:7367)ारा स(cid:7301)पे र्आेदन को एक या एकानधक न(cid:6989)लयनरंग सद(cid:7021)य(cid:7298) के नलए (cid:7021र्)ीकृ त करेगा या उसे खानर िकर देगा र्अा चयना(cid:7004)मक (cid:7272)प से उसे मंूिरी (cid:7079)दान करेगा।
7.5.2 एक या एकानधक न(cid:6989)लयनरंग खंड(cid:7298) के नलए सद(cid:7021)यता की र्ननभ(cid:7382) (cid:7088)ेनणय(cid:7298) के तहत न(cid:6989)लयनरंग सद(cid:7021)य(cid:7298) के (cid:7079र्)े के नलए र्आेदन उस (cid:7079)ा(cid:7272)प म(cid:7286) (cid:7079)(cid:7021)तुत नकया ािएगा ोि समय-समय पर संब(cid:7373) (cid:7079)ानधकार (cid:7367)ारार् नण(cid:6981)त नकया गया हो।
7.5.3 कोई मौूिदा न(cid:6989)लयनरंग सद(cid:7021)य नकसी भी समय और अपनी यो(cid:6991)यता के आधार पर, न(cid:6989)लयनरंग कॉप(cid:7299)रेन के अनतनर(cid:7334) न(cid:6989)लयनरंग खंड(cid:7298) के एक सद(cid:7021)य के (cid:7272)प म(cid:7286) दानखला की मंा ािनहर कर सकता है और ऐसे र्आेदन को संब(cid:7373) (cid:7079)ानधकार (cid:7367)ारा उसी तरीके से ननपटा ािएगा ैिसे नकर् ह नकसी नए र्आेदक के मू(cid:7016)यांकन के समय करेगा।
7.5.4 र्आेदन को ऐसे ु(cid:7016)क(cid:7298), सुर(cid:6979)ा मिा-रानय(cid:7298) ता अ(cid:7008)य धनरानय(cid:7298) के सा ऐसे तरीके से और ऐसे (cid:7021र्)(cid:7272)प म(cid:7286) स(cid:7301)पा ािएगा, ोि समय-समय पर न(cid:6989)लयनरंग खंड ता सद(cid:7021)यता की हरेक (cid:7088)ेणी के संदभ(cid:6981) म(cid:7286) संब(cid:7373) (cid:7079)ानधकार (cid:7367)ारार् नण(cid:6981)त नकया गया हो।
7.5.5 र्आेदक को ऐसी घोषणाएं,र् चनप(cid:7074), (cid:7079)माणप(cid:7074), पुन(cid:7397) प(cid:7074) ता ऐसे अ(cid:7008)य द(cid:7021)र्ताे या कागाित स(cid:7301)पना होगा, नसिे समय- समय पर संब(cid:7373) (cid:7079)ानधकार (cid:7367)ारा र्नननद(cid:7287)नत नकया ािता हो।
7.5.6 संब(cid:7373) (cid:7079)ानधकार के पास र्आेदक (cid:7367)ारा ऐसे ु(cid:7016)क या ऐसे अनतनर(cid:7334) सुर(cid:6979)ा रान को नदि या अ(cid:7008)य तरीके से भुगतान करने, समय-समय पर कोर सेटलम(cid:7286)ट गारंटी ं ड के भुगतान हेतु मिा रानय(cid:7298) ता अ(cid:7008)य योगदानरानय(cid:7298) का भुगतान करने का आ(cid:7022र्)ान करेगा, तानक नकसी अनतनर(cid:7334) गारंटी (cid:7079)(cid:7021)तुत की ाि सके या नकसी अनतनर(cid:7334) उस ं ड या ु(cid:7016)क का योगदान नदया ाि सके ोि समय-समय पर संब(cid:7373) (cid:7079)ानधकार (cid:7367)ारा र्नननद(cid:7287)नत नकए ािते ह(cid:7298)।
PART IV] THE GAZETTE OF INDIA, JUNE 17, 2017 (JYAISTHA 27, 1939) 12177.5.7 संब(cid:7373) (cid:7079)ानधकार अ(cid:7021)ायी (cid:7272)प से र्आेदक को, (cid:7088)ेर्णीार तरीके से ता न(cid:6989)लयनरंग खंर्डार तरीके से न(cid:6989)लयनरंग सद(cid:7021)यता की अनुमनत (cid:7079)दान कर सकता है, बत(cid:7287) नक र्आेदक संब(cid:7373) (cid:7079)ानधकार (cid:7367)ारा र्नननद(cid:7287)नत ऐसे ननयमर् त(cid:7300) के अधीन यो(cid:6991)यता त(cid:7300) ता अ(cid:7008)य (cid:7079)न(cid:7059)या(cid:7312)र् र्आ(cid:7019)यकता(cid:7312) की पूनत(cid:6981) करता हो। संब(cid:7373) (cid:7079)ानधकार बि इस बात से संतु(cid:7397) हो ािता है नक न(cid:6989)लयनरंग सद(cid:7021)यता के नलए सभी अ(cid:7008)य ननयमर् त(cid:7300) ता अ(cid:7008)य र्आ(cid:7019)यकता(cid:7312) की पूनत(cid:6981) कर ली गई, तब र्आेदक को नकसी अ(cid:7021)ायी आधार पर नकसी न(cid:6989)लयनरंग सद(cid:7021)य म(cid:7286) ानमल नकया ाि सकता है। अ(cid:7021)ायी सद(cid:7021)यता की मंूिरी के नलए र्आेदक को न(cid:6989)लयनरंग सद(cid:7021)यता के कोई र्नेषानधकार ता अनधकार नह(cid:7277) (cid:7079)ा(cid:7385) ह(cid:7298)गे।
7.6 संब(cid:7373) (cid:7079)ानधकार अपने परम र्नेषानधकार पर न(cid:6989)लयनरंग कॉप(cid:7299)रेन या न(cid:6989)लयनरंग कॉप(cid:7299)रेन के नकसी र्नेष न(cid:6989)लयनरंग खंड की सद(cid:7021)यता हेतु नकसी सद(cid:7021)यता र्आेदक को ठुकरा सकता है नसिके नलए उसे नकसी (cid:7079)कार के कारण बताने या सूनचत करने की र्आ(cid:7019)यकता नह(cid:7277) होगी।
7.7 यनद नकसी कारण से र्आेदन को ठुकरा नदया ािता है ैिसा नक पारा (7.6) म(cid:7286)र् नण(cid:6981)त है, तो यनद कोई र्आेदन ु(cid:7016)क या (cid:7079र्)े ु(cid:7016)क, ैिसी भी न(cid:7021)नत हो, या उसका कोई नह(cid:7021)सा हो नसिे संब(cid:7373) (cid:7079)ानधकार (cid:7367)ारा तय नकया गया हो तो उसके र्र्नेकानधकार पर उसे र्आेदक को नबना (cid:7011)या िभुगतान के र् ापस नकया ाि सकता है।
7.8 संब(cid:7373) (cid:7079)ानधकार न(cid:6989)लयनरंग सद(cid:7021)यता के (cid:7079र्)े की नतन से समय-समय पर नकसी न(cid:6989)लयनरंग सद(cid:7021)य या नकसी खास न(cid:6989)लयनरंग खंड से सद(cid:7021)यता कोर् ापस कर सकता है ता/या उसे नन(cid:7020)कानसत कर सकता है, यनद उसे उसके र्आेदन के समय म(cid:7286) या उस समय पर या उसके (cid:7079र्)े से र्पू(cid:6981) संब(cid:7373) (cid:7079)ानधकार (cid:7367)ारा की गई पूछताछ के (cid:7059)म म(cid:7286):
a. उसने नकसी ािनबूझ कर कोई गलतबयानी की हो; या
b. अपने चनर(cid:7074) या र्पू(cid:6981र्)ृ(cid:7275) के नलए र्आ(cid:7019)यक नकसीर् ा(cid:7021)तर्नक र्आ(cid:7019)यक सूचना को दबाया हो; र्अा
c. उसने (cid:7079)(cid:7004)य(cid:6979) या अ(cid:7079)(cid:7004)य(cid:6979) (cid:7272)प से गलत र्र्नरण नदया हो र्अा सूचना दी हो र्अा कोई गलत घोषणा की हो।
7.9 सद(cid:7021)यता का ह(cid:7021)तांतरण
7.9.1 सद(cid:7021)यता मंूिरी न(cid:6989)लयनरंग कॉप(cid:7299)रेन के एक सद(cid:7021)य के (cid:7272)प म(cid:7286) कोई (cid:7021र्)ानम(cid:7004र्) अनधकार (cid:7079)दान नह(cid:7277) करती है और उपरो(cid:7334) के अर्लाा ह(cid:7021)तांतरणीय या संचरणीय नह(cid:7277) होगा।
7.9.2 संब(cid:7373) (cid:7079)ानधकार ैिसा समय-समय परर् नण(cid:6981)त कर सकता है उन ननयमर् त(cid:7300) के अधीन ता संब(cid:7373) (cid:7079)ानधकार की र्पू(cid:6981) नलनखत मंूिरी के तहत, न(cid:6989)लयनरंग सद(cid:7021)यता नन(cid:7388)नलनखत तरीके से (cid:7079)भार्नत हो सकती है:
a. इन ननयम(cid:7298) के तहत नामांकन (cid:7367)ारा;
b. नकसी न(cid:6989)लयनरंग सद(cid:7021)य कं पनी के एकीकरण या र्नलय (cid:7367)ारा;
c. नकसी न(cid:6989)लयनरंग सद(cid:7021)य कं पनी के अनध(cid:7061)हण (cid:7367)ारा;
d. न(cid:6989)लयनरंग सद(cid:7021)य म(cid:6981) की न(cid:6989)लयनरंग सद(cid:7021)यता को नकसी नए म(cid:6981) को ह(cid:7021)तांतनरत कर, नसिम(cid:7286) सभी मौूिदा
साझेदार साझेदार न हो; ता
e. दो या दो से अनधक न(cid:6989)लयनरंग सद(cid:7021)य(cid:7298)/न(cid:6989)लयनरंग सद(cid:7021)य म(cid:6981) के सा आकर एक नए साझेदारी म(cid:6981)/कं पनी के
ननमा(cid:6981)ण (cid:7367)ारा।
7.9.3 एक न(cid:6989)लयनरंग सद(cid:7021)य या उसका उ(cid:7275)रानधकार न(cid:6989)लयनरंग सद(cid:7021)यता के नलए एक नामांकन संप(cid:7382) कर सकता है। नकसी न(cid:6989)लयनरंग सद(cid:7021)य या उसके नकसी उ(cid:7275)रानधकारी (उ(cid:7275)रानधकानरय(cid:7298)) (cid:7367)ारा (cid:7079)(cid:7021)तुत नामांकन नन(cid:7388)नलनखत त(cid:7300) के अधीन होगा, ोि इस (cid:7079)कार होगा;
a. नानमनत (एकानधक) नकसी भी समय, बि नामांकन (cid:7079)र्भाी हो ािए,र् ह (cid:7390)न(cid:7334) बन ािएगा ोि न(cid:6989)लयनरंग
कॉप(cid:7299)रेन के न(cid:6989)लयनरंग सद(cid:7021)य (सद(cid:7021)य(cid:7298)) के (cid:7272)प म(cid:7286) (cid:7079र्)े पाने के नलए यो(cid:6991)य होगा;
b. नानमनत (एकानधक) संब(cid:7373) (cid:7079)ानधकार को अपने/उनके नामांकन की अपनी/उनकी बेत(cid:6981) ता अ(cid:7079)नतसंहरणीय
(cid:7021र्)ीकृ नत देगा;
c. एक न(cid:6989)लयनरंग सद(cid:7021)य लागू उ(cid:7275)रानधकार कानून(cid:7298) के अनु(cid:7272)प अपना एक या एकानधक उ(cid:7275)रानधकारी (एकानधक) नानमत करेगा। यनद न(cid:6989)लयनरंग सद(cid:7021)य का कोई उ(cid:7275)रानधकार (एकानधक) न(cid:6989)लयनरंग सद(cid:7021)यता को
ािरी रखने की मंा रखता हो, तब न(cid:6989)लयनरंग सद(cid:7021)यता उसके उ(cid:7275)रानधकार (उ(cid:7275)रानधकानरय(cid:7298)) के अर्लाा नकसी (cid:7390)न(cid:7334) ((cid:7390)न(cid:7334)य(cid:7298)) को नानमत कर सकता है;
d. यनद न(cid:6989)लयनरंग सद(cid:7021)य ने नकसी (cid:7390)न(cid:7334) को नानमत न नकया हो ता ारीनरक र्नकलांगता के आधार पर न(cid:6989)लयनरंग कॉप(cid:7299)रेन के न(cid:6989)लयनरंग खंड (खंड(cid:7298)) म(cid:7286) कारोबार ािरी करने के नलए अयो(cid:6991)य हो, तब न(cid:6989)लयनरंग
सद(cid:7021)य छह महीने की र्अनध के भीतर, उपरो(cid:7334) उप-बंध (c) के (cid:7079र्)ाधान(cid:7298) के अनुसार एक नामांकन संप(cid:7382) कर सकता है;
e. यनद न(cid:6989)लयनरंग सद(cid:7021)य ने नकसी (cid:7390)न(cid:7334) को नानमत न नकया हो, तब न(cid:6989)लयनरंग सद(cid:7021)य का उ(cid:7275)रानधकारी (एकानधक) न(cid:6989)लयनरंग सद(cid:7021)य की मृ(cid:7004)यु की नतन से छह महीने के भीतर खुद के बीच से एक या अनधक (cid:7390)न(cid:7334)य(cid:7298) को नानमत कर सकता है;
1218 THE GAZETTE OF INDIA, JUNE 17, 2017 (JYAISTHA 27, 1939) [PART IVf. यनद न(cid:6989)लयनरंग सद(cid:7021)य का नामांकन ऐसा हो नक उस समय बि नामांकन (cid:7079)र्भाी हो ािता, इससे संब(cid:7373) (cid:7079)ानधकार (cid:7079)भार्नत न हो सकता हो, तब ऐसे न(cid:6989)लयनरंग सद(cid:7021)य का उ(cid:7275)रानधकारी (एकानधक) नामांकन के (cid:7079)भार्नत हो ािने की नतन से छ महीने के भीतर नकसी अ(cid:7008)य (cid:7390)न(cid:7334) ((cid:7390)न(cid:7334)य(cid:7298)) को नानमत कर सकता है;
g. यनद न(cid:6989)लयनरंग सद(cid:7021)य या उ(cid:7275)रानधकारी (एकानधक) (cid:7367)ारा एक (cid:7390)न(cid:7334) ((cid:7390)न(cid:7334)य(cid:7298)) को नानमत नकया ािता हो, तब ऐसे नानमत (cid:7390)न(cid:7334) ((cid:7390)न(cid:7334)य(cid:7298)) को न(cid:6989)लयनरंग सद(cid:7021)यता को ािरी रखने के नलए एक कं पनी का गठन करना होगा;
h. न(cid:6989)लयनरंग सद(cid:7021)य या उ(cid:7275)रानधकारी (एकानधक) (cid:7367)ारा संप(cid:7382) नकसी नामांकन को संब(cid:7373) (cid:7079)ानधकार की र्पू(cid:6981) नलनखत (cid:7021र्)ीकृ नत के सा र(cid:7374) नकया ाि सकता है और यह समय-समय पर संब(cid:7373) (cid:7079)ानधकार (cid:7367)ारार् नण(cid:6981)त ऐसे ननयमर् त(cid:7300) के अधीन होगा। ता
i. नकसी न(cid:6989)लयनरंग सद(cid:7021)य (cid:7367)ारा संप(cid:7382) नामांकन की न(cid:7021)नत म(cid:7286) नामांकन उसकी मृ(cid:7004)यु या ारीनरक र्नकलांगता र्अा संब(cid:7373) (cid:7079)ानधकार (cid:7367)ारा नमली (cid:7021र्)ीकृ नत, ोि उ(cid:7275)र्रत(cid:7278) हो, की नतन से (cid:7079)र्भाी होगा, और
उ(cid:7275)रानधकारी (उ(cid:7275)रानधकानरय(cid:7298)) (cid:7367)ारा नकए नामांकन की न(cid:7021)नत म(cid:7286) ऐसा नामांकन उस नतन से (cid:7079)र्भाी होगा नसिपर नामांकन नकया गया हो या संब(cid:7373) (cid:7079)ानधकार (cid:7367)ारा मंूिर नतन से (cid:7079)भार्नत होगा।
7.9.4 संब(cid:7373) (cid:7079)ानधकार नन(cid:7388)नलनखत पनरन(cid:7021)नतय(cid:7298) म(cid:7286) न(cid:6989)लयनरंग सद(cid:7021)यता के ह(cid:7021)तांतरण की भी अनुमनत कर सकता है:
a. नकसी न(cid:6989)लयनरंग सद(cid:7021)य की मृ(cid:7004)यु पर;
b. यनद संब(cid:7373) (cid:7079)ानधकार की राय म(cid:7286) ारीनरक र्नकलांगता के आधार पर न(cid:6989)लयनरंग सद(cid:7021)य को न(cid:6989)लयनरंग
कॉप(cid:7299)रेन के न(cid:6989)लयनरंग खंड (खंड(cid:7298)) म(cid:7286) कारोबार ािरी रखने के नलए अयो(cid:6991)य करार नदया ािता हो;
c. नकसी न(cid:6989)लयनरंग सद(cid:7021)य कं पनी के एकीकरण या र्नलय पर;
d. नकसी न(cid:6989)लयनरंग सद(cid:7021)य कं पनी के अनध(cid:7061)हण पर; ता
e. नकसी न(cid:6989)लयनरंग सद(cid:7021)य म(cid:6981) के नकसी साझेदार की मृ(cid:7004)यु, उसके (cid:7004)यागप(cid:7074) या उसके (cid:7367)ारा र्नघटन और पुनस(cid:7304)रेखन पर, यनद कोई हो, ऐसे म(cid:6981) म(cid:7286) साझेदार(cid:7298) (cid:7367)ारा या ऐसे म(cid:6981) म(cid:7286) साझेदार(cid:7298) (cid:7367)ारा ता नकसी नए म(cid:6981)
म(cid:7286) बाहर ननकलनेर् ाले साझेदार के नानमनत (नानमनतय(cid:7298))/उ(cid:7275)रानधकारी (उ(cid:7275)रानधकानरय(cid:7298)) के अर्लाा, ऐसी मृ(cid:7004)यु या (cid:7004)यागप(cid:7074) या र्नघटन की नोनटस की नतन से छह महीन(cid:7298) के भीतर।
7.9.5 संब(cid:7373) (cid:7079)ानधकार, ह(cid:7021)तांतरण संप(cid:7382) करने के दौरान, समय-समय पर ऐसे ह(cid:7021)तांतरण ु(cid:7016)क का सुर्झा दे सकता है, नसिेर् ह नन(cid:7388)नलनखत पनरन(cid:7021)नतय(cid:7298) म(cid:7286) उनचत मानता हो,
a. (cid:7079)यो(cid:6996)य कानून(cid:7298) के तहत उ(cid:7275)रानधकानरय(cid:7298) के अर्लाा नकसी (cid:7390)न(cid:7334) के एक न(cid:6989)लयनरंग सद(cid:7021)य (cid:7367)ारा नामांकन;
b. नकसी न(cid:6989)लयनरंग सद(cid:7021)य के उ(cid:7275)रानधकारी (उ(cid:7275)रानधकानरय(cid:7298)) (cid:7367)ारा नामांकन, यनद नानमती (एकानधक)
उ(cid:7275)रानधकानरय(cid:7298) के बीच का नानमनत न हो;
c. नकसी न(cid:6989)लयनरंग सद(cid:7021)य कं पनी का नकसी नॉन-न(cid:6989)लयनरंग सद(cid:7021)य कं पनी के सा एकीकरण या र्नलय के कारण अनधकतर ेयरधारक(cid:7298) को ता/या न(cid:6989)लयनरंग सद(cid:7021)य कं पनी के अनधकतर ेयरधारक(cid:7298) (cid:7367)ारा (cid:7079)बंधन के ननयं(cid:7074)ण को नुकसान प(cid:7263)ंचता हो;
d. नकसी न(cid:6989)लयनरंग सद(cid:7021)य कं पनी का नकसी नॉन-न(cid:6989)लयनरंग सद(cid:7021)य (सद(cid:7021)य(cid:7298)) (cid:7367)ारा अनध(cid:7061)हण के कारण अनधकतर ेयरधारक(cid:7298) को ता/या न(cid:6989)लयनरंग सद(cid:7021)य कं पनी के अनधकतर ेयरधारक(cid:7298) (cid:7367)ारा (cid:7079)बंधन के ननयं(cid:7074)ण को नुकसान प(cid:7263)ंचता हो; ता
e. उपबंध (7.9.4) के उपोपबंध (e) की न(cid:7021)नत म(cid:7286), यनद बाहर ननकलने र्ाले साझेदार के नानमनत (नानमनतय(cid:7298))/उ(cid:7275)रानधकारी (उ(cid:7275)रानधकानरय(cid:7298)) के अर्लाा अ(cid:7008)य (cid:7390)न(cid:7334) ((cid:7390)न(cid:7334)य(cid:7298)) के पास नए म(cid:6981) की पू ंीि म(cid:7286) कम से कम 51% की नह(cid:7021)सेदारी हो।
(cid:7021)प(cid:7397)ीकरण I
उपरो(cid:7334) उपोपबंध(cid:7298) (c) ता (d) के उ(cid:7374)े(cid:7019)य से, "ब(cid:7263)मत ेयर धारण के नुकसान" का अ(cid:6981) एक ऐसा
ेयरधारक या ेयरधारक(cid:7298) का एक समूह है नसिके पास न(cid:6989)लयनरंग सद(cid:7021)य कं पनी म(cid:7286) 51% या उससे अनधक
ेयर / नहत हो और न(cid:6989)लयनरंग सद(cid:7021)य कं पनी या एकीकृ त कं पनी म(cid:7286) 51% से कम ेयर हो ािए, ोि गैर-
न(cid:6989)लयनरंग सद(cid:7021)य कं पनी के सा न(cid:6989)लयनरंग सद(cid:7021)य कं पनी के एकीकरण पर न(cid:6989)लयनरंग सद(cid:7021)यता अनध(cid:7061)नहत कर लेगी।
(cid:7021)प(cid:7397)ीकरण II
उपरो(cid:7334) उपोपबंध(cid:7298) (c) ता (d) के उ(cid:7374)े(cid:7019)य से, "(cid:7079)बंधन म(cid:7286) ननयं(cid:7074)ण के नुकसान" का अ(cid:6981) अनधकतर ननदेक(cid:7298)
की ननयुन(cid:7334) या नसिम(cid:7286) उनके ेयरधारण या (cid:7079)बंधन अनधकार(cid:7298) र्अा ेयरधारण समझौते र्अा र्ोनटंग
समझौते या नकसी अ(cid:7008)य तरीके समेत (cid:7079)बंधन के ननयं(cid:7074)ण या एकल (cid:7272)प से या समूह म(cid:7286), (cid:7079)(cid:7004)य(cid:6979) (cid:7272)प से अ(cid:7079)(cid:7004)य(cid:6979)
(cid:7272)प से काम करनेर् ाले (cid:7390)न(cid:7334) ता (cid:7390)न(cid:7334)य(cid:7298) (cid:7367)ारा इ(cid:7021)तेमाल नकए ािने यो(cid:6991)य नीनत ै सला के अनधकार की हानन।
PART IV] THE GAZETTE OF INDIA, JUNE 17, 2017 (JYAISTHA 27, 1939) 12197.9.6 7.9.5 के उपबंध(cid:7298) (b) से (e) के उ(cid:7374)े(cid:7019)य से, 'न(cid:6989)लयनरंग सद(cid:7021)य' का अ(cid:6981) लागू होने की सीमा तक होगा, नकसी न(cid:6989)लयनरंग सद(cid:7021)य म(cid:6981) का कोई साझेदार या नकसी न(cid:6989)लयनरंग सद(cid:7021)य कं पनी का नकसी ेयरधारक। उ(cid:7275)रानधकार (एकानधक) का अ(cid:6981) होगा (cid:7079)यो(cid:6996)य सीमा तक- नकसी न(cid:6989)लयनरंग सद(cid:7021)य म(cid:6981) के नकसी साझेदार का उ(cid:7275)रानधकारी (एकानधक) या नकसी न(cid:6989)लयनरंग सद(cid:7021)य कं पनी के नकसी ेयरधारक का कोई उ(cid:7275)रानधकार।
7.9.7 उपबंध(cid:7298) (7.9.2) से (7.9.6) के उ(cid:7374)े(cid:7019)य से, 'न(cid:6989)लयनरंग सद(cid:7021)य' का अ(cid:6981) लागू होने की सीमा तक होगा, नकसी न(cid:6989)लयनरंग सद(cid:7021)य म(cid:6981) का कोई साझेदार या नकसी न(cid:6989)लयनरंग सद(cid:7021)य कं पनी का नकसी ेयरधारक। उ(cid:7275)रानधकार (एकानधक) का अ(cid:6981) होगा (cid:7079)यो(cid:6996)य सीमा तक- नकसी न(cid:6989)लयनरंग सद(cid:7021)य म(cid:6981) के नकसी साझेदार का उ(cid:7275)रानधकारी (एकानधक) या नकसी न(cid:6989)लयनरंग सद(cid:7021)य कं पनी के नकसी ेयरधारक का कोई उ(cid:7275)रानधकार।
7.9.8 इन ननयम(cid:7298) के नक(cid:7008)ह(cid:7277) अ(cid:7008)य (cid:7079र्)ाधान के (cid:7079)नत र्पूा(cid:6981)(cid:7061)ह के नबना, न(cid:6989)लयनरंग सद(cid:7021)यता को उस र्अनध तक के नलए ननलंनबत नकया ाि सकता है, नसिे संब(cid:7373) (cid:7079)ानधकार नन(cid:7388)नलनखत पनरन(cid:7021)नतय(cid:7298) म(cid:7286) उनचत मान सकता है:
a. एकल न(cid:6989)लयनरंग सद(cid:7021)य या नकसी न(cid:6989)लयनरंग सद(cid:7021)य म(cid:6981) के नकसी साझेदार या नकसी न(cid:6989)लयनरंग सद(cid:7021)य कं पनी के नकसी ेयरधारक को, संब(cid:7373) (cid:7079)ानधकार की राय म(cid:7286) ारीनरक र्नकलांगता के म(cid:7374)ेनरि अपने कारोबार को ािरी रखने म(cid:7286) अयो(cid:6991)य माना ािए;
b. एकल न(cid:6989)लयनरंग सद(cid:7021)य या नकसी न(cid:6989)लयनरंग सद(cid:7021)य म(cid:6981) के नकसी साझेदार के माननसक (cid:7272)प से र्नकलांग हो ािने पर, बत(cid:7287) नक उसके पास साझेदार के लाभ और हानन म(cid:7286) कम से कम 51% का ेयर हो और उसे ऐसे
ंीि म(cid:7286) या नकसी न(cid:6989)लयनरंग सद(cid:7021)य कं पनी के ेयरधारक के (cid:7272)प म(cid:7286) कम से कम 51% की नह(cid:7021)सेदारी
म(cid:6981) की पू हो, बत(cid:7287) नकर् ह ेयरधारक ऐसे न(cid:6989)लयनरंग सद(cid:7021)य कं पनी म(cid:7286) एक ब(cid:7263)मत ेयरधारक हो;
c. नकसी एकल न(cid:6989)लयनरंग सद(cid:7021)य या नकसी न(cid:6989)लयनरंग सद(cid:7021)य म(cid:6981) के नकसी साझेदार की मृ(cid:7004)यु पर, बत(cid:7287) नक उस ंीि म(cid:7286) साझेदार के पास म(cid:6981) की लाभ और हानन म(cid:7286) कम से कम 51% का ेयर हो और/या उसे ऐसे म(cid:6981) की पू
या नकसी न(cid:6989)लयनरंग सद(cid:7021)य कं पनी के ेयरधारक के (cid:7272)प म(cid:7286) कम से कम 51% की नह(cid:7021)सेदारी हो, बत(cid:7287) नक
र्ह ेयरधारक ऐसे न(cid:6989)लयनरंग सद(cid:7021)य कं पनी म(cid:7286) एक ब(cid:7263)मत ेयरधारक हो और उस र्अनध के छह महीने के
भीतर नसिम(cid:7286) ऐसे एकल न(cid:6989)लयनरंग सद(cid:7021)य साझेदार या ेयरधारक के ऐसे उ(cid:7275)रानधकारी (एकानधक) ऐसे
मृत एकल न(cid:6989)लयनरंग सद(cid:7021)य या साझेदार या ेयरधारक की नह(cid:7021)सेदारी/ेयर(cid:7298) पर अनध(cid:7061)हण करने के नलए (cid:7390)न(cid:7334) ((cid:7390)न(cid:7334)य(cid:7298)) को नानमत कर सकता है;
d. नकसी न(cid:6989)लयनरंग म(cid:6981) के र्नघटन पर और उपोपबंध (c) म(cid:7286)र् नण(cid:6981)त अनुसार छह महीने की र्अनध के दौरान;
e. और नकसी न(cid:6989)लयनरंग सद(cid:7021)य म(cid:6981) या न(cid:6989)लयनरंग सद(cid:7021)य कं पनी के (cid:7079)बंधन म(cid:7286) नकसी गनतरोध के उ(cid:7004)प(cid:7382) होने पर, ोि संब(cid:7373) (cid:7079)ानधकार की राय म(cid:7286) अपने कारोबार को ािरी रखने की ऐसे न(cid:6989)लयनरंग सद(cid:7021)य म(cid:6981) या
न(cid:6989)लयनरंग सद(cid:7021)य कं पनी की (cid:6979)मता को (cid:7079)भार्नत करेगी। इस उपोपबंध के तहत ननलंनबत नकए ािने से पहले
न(cid:6989)लयनरंग सद(cid:7021)य के पास संब(cid:7373) (cid:7079)ानधकार के सम(cid:6979) (cid:7079)नतनननध के नलए एक र्असर पाने का अनधकार होगा, पर संब(cid:7373) (cid:7079)ानधकार का ननण(cid:6981)य अंनतम माना ािएगा।
(cid:7390)ा(cid:6990)या I
इस उपोपबंध के उ(cid:7374)े(cid:7019)य से "(cid:7079)बंधन म(cid:7286) गनतरोध" का अ(cid:6981) है एक ऐसी न(cid:7021)नत पैदा होना नसिम(cid:7286) न(cid:6989)लयनरंग म(cid:6981)
के साझेदार(cid:7298) के बीच र्अा नकसी न(cid:6989)लयनरंग सद(cid:7021)य कं पनी के ननदेक(cid:7298)/ेयरधारक(cid:7298) के बीच भरोसे की कमी
हो ािए, ोि संब(cid:7373) (cid:7079)ानधकार की राय म(cid:7286) न(cid:6989)लयनरंग सद(cid:7021)य म(cid:6981) या न(cid:6989)लयनरंग सद(cid:7021)य कं पनी (cid:7367)ारा कारोबार
संचालन को (cid:7079)भार्नत करेगा या (cid:7079)भार्नत करने की संर्भाना हो, या नकसी न(cid:6989)लयनरंग सद(cid:7021)य कं पनी के ननदेक(cid:7298) ता साझेदार(cid:7298) की बैठक म(cid:7286)र् ोट समानता की न(cid:7021)नत बन ािए।
7.9.9 इन ननयम(cid:7298) के अ(cid:7008)य (cid:7079र्)ाधान(cid:7298) के (cid:7079)नत र्पूा(cid:6981)(cid:7061)ह के नबना, संब(cid:7373) (cid:7079)ानधकार (cid:7367)ारा न(cid:6989)लयनरंग सद(cid:7021)यता को तब समा(cid:7385) नकया ाि सकता है, यनद संब(cid:7373) (cid:7079)ानधकार की संतुन(cid:7397) के अनु(cid:7272)प छह महीन(cid:7298) की उ(cid:7334) र्अनध के भीतर, कोई (cid:7021र्)ीकाय(cid:6981) नामांकन या पुनस(cid:7304)रेखन न होता हो, ैिसी भी न(cid:7021)नत बने।
7.9.10 नकसी न(cid:6989)लयनरंग सद(cid:7021)य म(cid:6981) का नानमनत (एकानधक), उ(cid:7275)रानधकारी (एकानधक) साझेदार या कोई अ(cid:7008)य (cid:7390)न(cid:7334), ैिसी भी न(cid:7021)नत बने, के पास उपरो(cid:7334) उपोपबंध (7.9.9) के तहत समा(cid:7385) नकए ािने से पहले संब(cid:7373) (cid:7079)ानधकार के सम(cid:6979) (cid:7079)नतनननध के नलए एक र्असर पाने का अनधकार होगा, पर संब(cid:7373) (cid:7079)ानधकार का ननण(cid:6981)य अंनतम माना ािएगा।
7.9.11 न(cid:6989)लयनरंग सद(cid:7021)य की कानूनी द(िcid:7287) का (cid:7272)पांतरण
संब(cid:7373) (cid:7079)ानधकार ैिसा समय-समय परर् नण(cid:6981)त कर सकता है उन ननयमर् त(cid:7300) के अधीन ता संब(cid:7373) (cid:7079)ानधकार की र्पू(cid:6981) नलनखत मंूिरी से र्पू(cid:6981), नकसी न(cid:6989)लयनरंग सद(cid:7021)य के कानूनी द(िcid:7287) का (cid:7272)पांतरण नन(cid:7388)नलनखत तरीके से (cid:7079)भार्नत हो सकती है:
i. नकसी एकल न(cid:6989)लयनरंग सद(cid:7021)य का एक साझेदारी म(cid:6981)/कं पनी म(cid:7286) (cid:7272)पातरण (cid:7367)ारा।
ii. कं पनी म(cid:7286) नकसी न(cid:6989)लयनरंग सद(cid:7021)य का एक म(cid:6981) म(cid:7286) (cid:7272)पांतरण (cid:7367)ारा।
iii. ऐसा कोई (cid:7272)पांतरण नसिे संब(cid:7373) (cid:7079)ानधकार उनचत मानता हो।
1220 THE GAZETTE OF INDIA, JUNE 17, 2017 (JYAISTHA 27, 1939) [PART IV7.9.12 संब(cid:7373) (cid:7079)ानधकार न(cid:6989)लयनरंग सद(cid:7021)य के कानूनी द(िcid:7287) के (cid:7272)पांतरण की अनुमनत नन(cid:7388)नलनखत पनरन(cid:7021)नतय(cid:7298) म(cid:7286) दे सकता है:
a. उपबंध (7.9.11) के उपोपबंध (i) की न(cid:7021)नत म(cid:7286), एकल न(cid:6989)लयनरंग सद(cid:7021)य के पास साझेदारी म(cid:6981) के लाभ और ंीि म(cid:7286) ता/या उस
हानन म(cid:7286) कम से कम 51% का ेयर हो औरर् ह आगे भी ािरी हो, उसकी ऐसे म(cid:6981) की पू
कं पनी म(cid:7286) कम से कम 51% की नह(cid:7021)सेदारी/नहत हो, या कं पनी के ेयर धारण/नहत म(cid:7286) 51% की नह(cid:7021)सेदारी हो, ोि न(cid:6989)लयनरंग कॉप(cid:7299)रेन की न(cid:6989)लयनरंग सद(cid:7021)यता का अनध(cid:7061)हण करेगी।
b. उपबंध (7.9.11) के उपोपबंध (ii) की न(cid:7021)नत म(cid:7286), लाभ और हानन म(cid:7286) कम से कम 51% का ेयर रखनेर् ाला ंीि म(cid:7286) कम से कम 51% की नह(cid:7021)सेदारी हो, और उस कं पनी
साझेदार और/या उसे न(cid:6989)लयनरंग सद(cid:7021)य म(cid:6981) की पू
म(cid:7286) आगे भी कम से कम 51% की नह(cid:7021)सेदारी/नहत बना रहता हो, ोि न(cid:6989)लयनरंग कॉप(cid:7299)रेन की न(cid:6989)लयनरंग सद(cid:7021)यता का अनध(cid:7061)हण करेगी।
7.10 ननयम 7.9 म(cid:7286) मौूिद नकसी र्नषय के र्बाूिद संब(cid:7373) (cid:7079)ानधकार अपने परम र्र्नेकानधकार म(cid:7286) एक या एकानधक न(cid:6989)लयनरंग सद(cid:7021)यता का एक या एकानधक न(cid:6989)लयनरंग खंड(cid:7298) म(cid:7286) और उससे नकसी (cid:7390)न(cid:7334) या (cid:7079)नत(cid:7399)ान म(cid:7286) ह(cid:7021)तांतरण की अनुमनत दे सकता है, ोि संब(cid:7373) (cid:7079)ानधकार (cid:7367)ारा समय-समय परर् नण(cid:6981)त ननयमर् त(cid:7300) के अधीन उसके परम र्र्नेकानधकार से संचानलत होगा।
7.11 एक न(cid:6989)लयनरंग सद(cid:7021)य अपनी सद(cid:7021)यता के अनधकार(cid:7298) या नकसी अनधकार(cid:7298) र्अा र्नेषानधकार(cid:7298) को न ही नकसी को स(cid:7301)पेगा, बंधक रखेगा, नगर्री रखेगा, उप(cid:7079)ाधीयन करेगा र्अा उनकी न(िcid:7013)मेदारी स(cid:7301)पेगा, न ही उसके पास ऐसे अनधकार(cid:7298) ता र्नेषानधकार(cid:7298) के संदभ(cid:6981) म(cid:7286) लाइस(cid:7286)स देने या मु(cid:6990)तारनामा मंूिर करने का अनधकार होगा और ऐसे नकसी सुपुदगी, बंधक रखने, नगर्री रखने, उप(cid:7079)ाधीयन करने र्अा उनकी न(िcid:7013)मेदारी देने का (cid:7079)यास न(cid:6989)लयनरंग कॉप(cid:7299)रेन के र्न(cid:7271)(cid:7373) नकसी भी उ(cid:7374)े(cid:7019)य से (cid:7079)र्भाी नह(cid:7277) होगा, न ही न(cid:6989)लयनरंग सद(cid:7021)य म(cid:7286) नननहत ननीि अनधकार या नहत के अर्लाा नकसी न(cid:6989)लयनरंग सद(cid:7021)याता म(cid:7286) नकसी अनधकार या नहत को न(cid:6989)लयनरंग कॉप(cid:7299)रेन (cid:7367)ारा मा(cid:7008)यता दी ािएगी। संब(cid:7373) (cid:7079)ानधकार नकसी न(cid:6989)लयनरंग कॉप(cid:7299)रेन के उस न(cid:6989)लयनरंग सद(cid:7021)य को ननलंनबत कर सकता है, ोि इस ननयम के उ(cid:7016)लंघन र्ाला काय(cid:6981) करता है या उसका (cid:7079)यास करता है र्अा उसके नखला संब(cid:7373) (cid:7079)ानधकार अपने र्र्नेक से कोई अनुासना(cid:7004)मक काय(cid:6981र्)ाही कर सकता है।
7.12 सद(cid:7021)यता का ह(cid:7021)तांतरण:
न(cid:6989)लयनरंग कॉप(cid:7299)रेन, र्नननयम(cid:7298), के निरए या तो न(cid:6989)लयनरंग सद(cid:7021)यता के एक या एकानधक न(cid:6989)लयनरंग खंड(cid:7298) से र्अा नकसी न(cid:6989)लयनरंग कॉप(cid:7299)रेन से सद(cid:7021)यता के ह(cid:7021)तांतरण के पनर(cid:7004)याग हेतु ननयमर् त(cid:6981) (cid:7079)दान कर सकता है।
7.13 न(cid:6989)लयनरंग कॉप(cid:7299)रेन की सद(cid:7021)यता को ािरी रखने के नलए त(cid:7300) का ननधा(cid:6981)रण कर सकता है
7.13.1 न(cid:6989)लयनरंग सद(cid:7021)य ननयम(cid:7298), उप-ननयम(cid:7298) ता र्नननयम(cid:7298) का अनुपालन करेगा ता संब(cid:7373) (cid:7079)ानधकार (cid:7367)ारा ािरी पनरचालना(cid:7004)मक (cid:6981) लर(cid:7298), नदा-ननद(cid:7287)(cid:7298) ता ननद(cid:7287)(cid:7298) का पालन करेगा।
मानदंड(cid:7298), ै सल(cid:7298), नोनटस(cid:7298)र् सकु
7.13.2 न(cid:6989)लयनरंग कॉप(cid:7299)रेन के न(cid:6989)लयनरंग खंड के संगत र्ननभ(cid:7382) (cid:7069)ेनडंग से(cid:6991)म(cid:7286)(cid:6999)स के संदभ(cid:6981) म(cid:7286) संब(cid:7373) ए(cid:6989)सच(cid:7286)(िcid:7298) के (cid:7069)ेनडंग (cid:7009)लैटॉम(cid:6981) पर (cid:7079)नतभूनतय(cid:7298) म(cid:7286) संप(cid:7382) सभी सौद(cid:7298) को, न(cid:6989)लयनरंग कॉप(cid:7299)रेन के ननयम(cid:7298), उप-ननयम(cid:7298) ता र्नननयम(cid:7298) के अधीन संब(cid:7373) ए(cid:6989)सच(cid:7286)(िcid:7298) को अनधसूनचत नकया ािता है।
7.13.3 न(cid:6989)लयनरंग सद(cid:7021)य, उन (cid:7021र्)(cid:7272)प(cid:7298) म(cid:7286) ऐसे मामल(cid:7298) से ुिी घोषणाएं, र्चनप(cid:7074), पुन(cid:7397)प(cid:7074) ता ऐसे द(cid:7021)र्ताे र् कागाित देगा, न(िcid:7008)ह(cid:7286) समय-समय पर संब(cid:7373) (cid:7079)ानधकार (cid:7367)ारा ननधा(cid:6981)नरत नकया ािता हो।
7.13.4 न(cid:6989)लयनरंग सद(cid:7021)य, न(cid:6989)लयनरंग खंर्डार तरीके से ननधा(cid:6981)नरत समय के भीतर न(cid:6989)लयनरंग कॉप(cid:7299)रेन को र्ानष(cid:6981)क लेखापरी(cid:6979)क (cid:7079)माणप(cid:7074) स(cid:7301)पेगा, ोि बताएगा नक संब(cid:7373) (cid:7079)ानधकार (cid:7367)ारा उनके पनरचालन(cid:7298) से ुिे समय-समय परर् नण(cid:6981)त र्आ(cid:7019)यकता(cid:7312) का पालन नकया गया है।
7.13.5 न(cid:6989)लयनरंग सद(cid:7021)य, अपने पनरचालन(cid:7298) से ुिी ऐसी सूचनाएं ता र्सानधक नरटन(cid:6981) स(cid:7301)प(cid:7286)गा न(िcid:7008)ह(cid:7286) समय-समय पर संब(cid:7373) (cid:7079)ानधकार (cid:7367)ारा ननधा(cid:6981)नरत नकया ािता हो।
7.13.6 न(cid:6989)लयनरंग सद(cid:7021)य, न(cid:6989)लयनरंग कॉप(cid:7299)रेन को ऐसे लेखापरीन(cid:6979)त ता/या अपरीन(cid:6979)त र्न(cid:7275)ीय या गुणा(cid:7004)मक सूचना र् र्र्नरण ऐसे तरीके से (cid:7079)दान करेगा, न(िcid:7008)ह(cid:7286) समय-समय पर संब(cid:7373) (cid:7079)ानधकार (cid:7367)ारा ननधा(cid:6981)नरत नकया ािता हो।
7.13.7 न(cid:6989)लयनरंग सद(cid:7021)य ऐसी र्आ(cid:7019)यकता(cid:7312) का पालन करेगा न(िcid:7008)ह(cid:7286) समय-समय पर न(cid:6989)लयनरंग सद(cid:7021)य(cid:7298) के (cid:7272)प म(cid:7286) उनकी (cid:6981) लर(cid:7298) को ािरी करने के बारे म(cid:7286) संब(cid:7373) (cid:7079)ानधकार (cid:7367)ारा र्नननद(cid:7287)नत नकया गनतर्ननधय(cid:7298) के संदभ(cid:6981) म(cid:7286) (cid:6980)ापन, पुन(cid:7021)तका(cid:7312) ता सकु ािता हो।
7.13.8 न(cid:6989)लयनरंग सद(cid:7021)य पूण(cid:6981) सहयोग (cid:7079)दान करेगा और ऐसी सूचनार् र्र्नेचना को ऐसे तरीके म(cid:7286) (cid:7079)(cid:7021)तुत करेगा ोि संब(cid:7373) (cid:7079)ानधकार (cid:7367)ारा या न(cid:6989)लयनरंग कॉप(cid:7299)रेन के अनधकृ त सद(cid:7021)य (cid:7367)ारा ननरी(cid:6979)ण या लेखा परी(cid:6979)ण के नलए या नकसी सौदे, ननपटारे, अकाउं नटंग ता/या अ(cid:7008)य संब(cid:7373) मामल(cid:7298) के नलएर् नण(cid:6981)त नकया ािता हो।
7.14 न(cid:6989)लयनरंग सद(cid:7021)य का दाि(cid:6981) : साझेदारी म(cid:6981)
7.14.1 कोई न(cid:6989)लयनरंग सद(cid:7021)य एक पाट(cid:6981)नरनप नननम(cid:6981)त करेगा या नकसी मौूिदा साझेदारी के सा एक नए साझेदार को (cid:7021र्)ीकृ त करेगा या संब(cid:7373) (cid:7079)ानधकार को नबना सूचना नदए ता उसकी र्पू(cid:6981) अनुमनत के नबना नकसी उस तरीके से नकसी मौूिदा साझेदारी के नाम म(cid:7286) कोई पनर्रत(cid:6981)न करेगा, नसिे समय-समय पर संब(cid:7373) (cid:7079)ानधकार ननधा(cid:6981)नरत कर सकता है; इन र्आ(cid:7019)यकता(cid:7312)PART IV] THE GAZETTE OF INDIA, JUNE 17, 2017 (JYAISTHA 27, 1939) 1221 म(cid:7286) ानमल ह(cid:7298)गे- मिारानयां, घोषणाप(cid:7074), गारंटी िता अ(cid:7008)य त(cid:7287) न(िcid:7008)ह(cid:7286) सभी प(cid:6979)(cid:7298) (cid:7367)ारा पूरा नकया ािता है और उनके नलए बा(cid:7007)यकारी ह(cid:7298)गी।
7.14.2 कोई न(cid:6989)लयनरंग सद(cid:7021)य नकसी भी समय एक से अनधक उस साझेदारी म(cid:6981) का साझेदार नह(cid:7277) बनेगा ोि न(cid:6989)लयनरंग कॉप(cid:7299)रेन का एक न(cid:6989)लयनरंग सद(cid:7021)य हो।
7.14.3 कोई न(cid:6989)लयनरंग सद(cid:7021)य ोि नकसी साझेदारी म(cid:6981) म(cid:7286) एक साझेदार हो, ऐसे साझेदार म(cid:6981) म(cid:7286) अपनी नहत स(cid:7301)पेगा या धानरत करेगा।
7.14.4 साझेदार म(cid:6981) ऐसे (cid:7079)ानधकार(cid:7298) के सा रन(िcid:7021)टर करेगा ोि संब(cid:7373) कानून(cid:7298) के तहत र्आ(cid:7019)यक हो और ऐसे पंीिकरण का (cid:7079)माण न(cid:6989)लयनरंग कॉप(cid:7299)रेन को (cid:7079)(cid:7021)तुत करेगा।
7.14.5 म(cid:6981) के साझेदार के र्ल म(cid:6981) के अकाउं ट पर साझेदारी म(cid:6981) के नाम से संयु(cid:7334) (cid:7272)प से कारोबार करेगा। नकसी एकल या र्नेष साझेदार या साझेदार(cid:7298) के समूह के पास कोई अनधकार या र्नेषानधकार नह(cid:7277) होगा, ोि उनके साझेदारी म(cid:6981) से (cid:7021र्)तं(cid:7074) हो।
7.14.6 साझेदारी म(cid:6981) के साझेदार(cid:7298) को न(cid:6989)लयनरंग कॉप(cid:7299)रेन के सा सभी साझेदार(cid:7298) या ीिर्नत साझेदार(cid:7298) के ह(cid:7021)ता(cid:6979)र के सा ऐसे साझेदारी के त(cid:7300) या नकसी साझेदार र्अा साझेदार(cid:7298) के र्नघटन या र्सेानर्नृन(cid:7275) र्अा मृ(cid:7004)यु की सूचना नलनखत म(cid:7286) दी ािएगी।
7.14.7 नकसी साझेदारी के र्नघटन के बारे म(cid:7286) न(cid:6989)लयनरंग कॉप(cid:7299)रेन को सूनचत करने म(cid:7286) ानमल होगा, एक र्र्नरण नक र्नघनटत साझेदारी म(cid:6981) की सभी बकाया संर्नदा(cid:7312) ता देनदानरय(cid:7298) का ननपटारा कौन करेगा, उससे ऐसी बकाया संर्नदा(cid:7312) ता देनदानरय(cid:7298) के नलए अ(cid:7008)य साझेदार या साझेदार(cid:7298) को उसकी या उनकी न(िcid:7013)मेदानरय(cid:7298) के नलए दोषमु(cid:7334) नह(cid:7277) माना ािएगा।
7.15 सद(cid:7021)यता की समान(cid:7385)
7.15.1 एक न(cid:6989)लयनरंग सद(cid:7021)य तब सद(cid:7021)य नह(cid:7277) रह ािएगा बि नन(cid:7388)नलनखत म(cid:7286) से एक या एकानधक लागू होता हो:
a. (cid:7004)यागप(cid:7074) ता/या पनर(cid:7004)याग (cid:7367)ारा;
b. मृ(cid:7004)यु (cid:7367)ारा;
c. उप-ननयम(cid:7298), ननयम(cid:7298) ता र्नननयम(cid:7298) म(cid:7286)र् नण(cid:6981)त (cid:7079र्)ाधान(cid:7298) के अनु(cid:7272)प नन(cid:7020)कासन (cid:7367)ारा;
d. उप-ननयम(cid:7298), ननयम(cid:7298) ता र्नननयम(cid:7298) के अनु(cid:7272)प नडॉ(cid:7016)टर घोनषत नकए ािने पर;
e. साझेदारी म(cid:6981) की न(cid:7021)नत म(cid:7286) र्नघटन (cid:7367)ारा;
f. नकसी नलनमटेड कं पनी की न(cid:7021)नत म(cid:7286) बंद होने या र्नघटन होने की न(cid:7021)नत पर;
7.15.2 न(cid:6989)लयनरंग सद(cid:7021)यता का समापन नकसी भी तरीके से न(cid:6989)लयनरंग सद(cid:7021)य को ऐसे समापन से र्पू(cid:6981) न(cid:6989)लयनरंग सद(cid:7021)य (cid:7367)ारा नकसी उ(cid:7275)रदानय(cid:7004र्)(cid:7298) ता देनदानरय(cid:7298) से दोषमु(cid:7334) करेगा।
7.16 (cid:7004)यागप(cid:7074)
7.16.1 एक न(cid:6989)लयनरंग सद(cid:7021)य ोि न(cid:6989)लयनरंग कॉप(cid:7299)रेन की न(cid:6989)लयनरंग सद(cid:7021)यता से पूण(cid:6981) (cid:7272)प से या एक या एकानधक न(cid:6989)लयनरंग खंड(cid:7298) से (cid:7004)यागप(cid:7074) देने की मंा रखता है, तोर् ह न(cid:6989)लयनरंग कॉप(cid:7299)रेन को उस आय की एक नलनखत नोनटस स(cid:7301)पेगा।
7.16.2 कोई अ(cid:7008)य न(cid:6989)लयनरंग सद(cid:7021)य ोि ऐसे सद(cid:7021)य के (cid:7004)यागप(cid:7074) पर आपन(cid:7275) तिाता हो, र्ह नलनखत (cid:7079)ानधकार को उस र्अनध म(cid:7286) नलनखत प(cid:7074) (cid:7367)ारा अपनी आपन(cid:7275) का कारण बताएगा नसि र्अनध का समय-समय पर संब(cid:7373) (cid:7079)ानधकार (cid:7367)ारा ननधा(cid:6981)नरत नकया ािता हो।
7.16.3 संब(cid:7373) (cid:7079)ानधकार न(cid:6989)लयनरंग कॉप(cid:7299)रेन से न(cid:6989)लयनरंग सद(cid:7021)य के (cid:7004)यागप(cid:7074) को पूण(cid:6981) (cid:7272)प से या एक या एकानधक न(cid:6989)लयनरंग खंड(cid:7298) से या तो नबनात(cid:6981) र्अा ऐसी त(cid:7300) पर (cid:7021र्)ीकार कर सकता है, नसिे यह उनचत मानता हो र्अा ऐसे (cid:7004)यागप(cid:7074) को लेने से अ(cid:7021र्)ीकार भी कर सकता है, तबतक नक इस बात का भरोसा न हो ािए नक ऐसे न(cid:6989)लयनरंग सद(cid:7021)य के सा नकए सभी बकाया लेनदेनों को ननपटा न नलया ािए।
7.17 मृ(cid:7004)यु
7.17.1 न(cid:6989)लयनरंग सद(cid:7021)य की मृ(cid:7004)यु पर, उसका कानूनी (cid:7079)नतनननध ता अनधकृ त (cid:7079)नतनननध, यनद कोई हो, ऐसे मामले की सूचना संब(cid:7373) (cid:7079)ानधकार को नलनखत म(cid:7286) तुरंत देगा और उस न(cid:6989)लयनरंग सद(cid:7021)य की सभी आगामी गनतर्ननधयां तुरंत समा(cid:7385) हो ािएंगे, हालांनक र्े दानय(cid:7004र्) इसका अर्पाद ह(cid:7298)गी न(िcid:7008)ह(cid:7286) उसे उसकी मृ(cid:7004)यु से र्पू(cid:6981) स(cid:7301)पा गया हो।
7.17.2 नकसी एकल सद(cid:7021)य के मृ(cid:7004)यु पर नकसी न(cid:6989)लयनरंग सद(cid:7021)य के न(cid:6989)लयनरंग खंड (खंड(cid:7298)) की सद(cid:7021)यता की समान(cid:7385) की न(cid:7021)नत म(cid:7286), न(cid:6989)लयनरंग कॉप(cid:7299)रेन नसिके सा सुर(cid:6979)ा मिा, अ(cid:7008)य धनरानयां, कोई अनतनर(cid:7334) मिारानयां नदि के (cid:7272)प म(cid:7286), ब(cid:7289)क गारंटी, (cid:7079)नतभूनतय(cid:7298) या अ(cid:7008)य (cid:7021र्)(cid:7272)प म(cid:7286) रखी गई हो, या कोई अ(cid:7008)य (cid:7079)नतभूनतयां नननहत ह(cid:7298), तो ऐसे मृत सद(cid:7021)य के के र्ल बकाए ता देनदानरय(cid:7298) को उसकी मिा(cid:7312) से काट लेगा और इसके नलए ऐसे तरीके का इ(cid:7021)तेमाल करेगा नसिका संब(cid:7373) (cid:7079)ानधकार समय- समय पर सुर्झा दे सकता है।
1222 THE GAZETTE OF INDIA, JUNE 17, 2017 (JYAISTHA 27, 1939) [PART IV7.18 ु(cid:7016)क(cid:7298) के भुगतान म(cid:7286) र्नल होना
उप-ननयम(cid:7298), ननयम(cid:7298) ता र्नननयम(cid:7298) म(cid:7286) अ(cid:7008)य तरीके सेर् नण(cid:6981)त होने की न(cid:7021)नत म(cid:7286), यनद कोई सद(cid:7021)य अपनेर् ानष(cid:6981)क स(cid:7011)सन(cid:7059)(cid:7009)न, ु(cid:7016)क, मिा या कोर सेटलम(cid:7286)ट गारंटी ं ड (ं ड(cid:7298)), ुिमा(cid:6981)न(cid:7298), दंड(cid:7298), अ(cid:7008)य ु(cid:7016)क(cid:7298) र्अा अ(cid:7008)य धनरानय(cid:7298) के भुगतान म(cid:7286) र्नल रहता हो, ोि न(cid:6989)लयनरंग कॉप(cid:7299)रेन (cid:7367)ारा उसके नलए उस समर्यानध म(cid:7286) देय हो नसिकार् ण(cid:6981)न न(cid:6989)लयनरंग कॉप(cid:7299)रेन (cid:7367)ारा उसे नलनखत म(cid:7286) एक नोनटस भे िकर नकया हो तो उसे तबतक संब(cid:7373) (cid:7079)ानधकार (cid:7367)ारा ननलंनबत नकया ाि सकता है, बितक नकर् ह भुगतान पूरा न कर द(cid:7286) और समय-समय पर र्नण(cid:6981)त एक अगली समर्यानध के भीतर, र्ह ऐसे भुगतान म(cid:7286) र्नल रहता है, उसे नडॉ(cid:7016)टर घोनषत नकया ाि सकता है, या संब(cid:7373) (cid:7079)ानधकार (cid:7367)ारा न(cid:6989)लयनरंग कॉप(cid:7299)रेन की सद(cid:7021)यता से नन(cid:7020)कानसत नकया ाि सकता है।
7.19 ननरंतर (cid:7079र्)े
संब(cid:7373) (cid:7079)ानधकार समय-समय पर न(cid:6989)लयनरंग सद(cid:7021)यता के ननरंतर (cid:7079र्)े हेतु त(cid:7300) ता र्आ(cid:7019)यकता(cid:7312) का सुर्झा देगा, नसिम(cid:7286) मिारानय(cid:7298)
ंीि पया(cid:6981)(cid:7385)ता ानमल ह(cid:7298)गे। नकसी ऐसे सद(cid:7021)य का रखरर्खा या कोर सेटलम(cid:7286)ट गारंटी ं ड के नलए योगदान रान, (cid:7008)यूनतम सकल मू(cid:7016)यर् पू की न(cid:6989)लयनरंग सद(cid:7021)यता ोि इन र्आ(cid:7019)यकता(cid:7312) को पूरा करने म(cid:7286) र्नल रहता है, समा(cid:7385) होने की पा(cid:7074)ता रखेगा।
7.20 नडॉ(cid:7016)टस(cid:6981) का पुन(cid:7079)(cid:6981र्)े
7.20.1 न(cid:6989)लयनरंग कॉप(cid:7299)रेन की सद(cid:7021)यता का नकसी न(cid:6989)लयनरंग सद(cid:7021)य के अनधकार को तुरंत समा(cid:7385) और र्अ(cid:7271)(cid:7373) कर नदया ािएगा यनद उसे एक नडॉ(cid:7016)टर घोनषत नकया ािता है। र्ह न(cid:6989)लयनरंग सद(cid:7021)य नसिे एक नडॉ(cid:7016)टर घोनषत नकया ािता है एक न(cid:6989)लयनरंग सद(cid:7021)य के (cid:7272)प म(cid:7286) अपने सभी अनधकार(cid:7298) ता र्नेषानधकार(cid:7298) को खो बैठेगा, नसिम(cid:7286) ानमल होगा इ(cid:7021)तेमाल करने का कोई ऐसा अनधकार या कोई र्दाा या नकसी संपन(cid:7275) म(cid:7286) नहत र्अा न(cid:6989)लयनरंग कॉप(cid:7299)रेन के न(cid:6989)लयनरंग खंड के सा न(cid:6989)लयनरंग सद(cid:7021)य के ं ड।
7.20.2 संब(cid:7373) (cid:7079)ानधकार के पास एक न(cid:6989)लयनरंग सद(cid:7021)य के (cid:7272)प म(cid:7286) एक नडॉन(cid:7016)टंग सद(cid:7021)य को पुन(cid:7079)(cid:6981र्)े नदलाने का अनधकार सुरन(cid:6979)त रहेगा ोि समय-समय पर संब(cid:7373) (cid:7079)ानधकार (cid:7367)ारा सुझाए (cid:7079र्)ाधान(cid:7298)र् ननयम और त(cid:7300) के अधीन रहेगा।
7.20.3 संब(cid:7373) (cid:7079)ानधकार के र्ल उसी नडॉ(cid:7016)टर सद(cid:7021)य को पुन(cid:7079)(cid:6981र्)े नदला सकता है, यनद:
a. न(cid:6989)लयनरंग कॉप(cid:7299)रेन, अ(cid:7008)य न(cid:6989)लयनरंग सद(cid:7021)य(cid:7298), (cid:6989)लाइं(cid:6999)स ता संघटक(cid:7298) के सभी बकाय(cid:7298) का भुगतान कर नदया हो;
b. उसके नखला नकसी अदालत म(cid:7286) नकसी नर्दानलयापन की काय(cid:6981र्)ाही न की गई हो या उसे नकसी अदालत (cid:7367)ारा नर्दानलया घोनषत कर नदया गया हो;
c. न(cid:7079)ंनसप(cid:7016)स के नडॉ(cid:7016)ट से ुिी अननयनमतता की हो नसिे उसने अपनी (cid:7079)नतब(cid:7373)ता(cid:7312) के नलए पया(cid:6981)(cid:7385) (cid:7272)प से अपेन(cid:6979)त माना हो;
d. उप-ननयम(cid:7298), ननयम(cid:7298) ता र्नननयम(cid:7298) को लेकर बुरे र्न(cid:7393)ास या उ(cid:7016)लंघन के नलए दोषी करार न नदया गया हो;
e. अपने सामाय आचरण म(cid:7286) अननंदनीय रहा हो और 'उपयु(cid:7334) ता उनचत' पाया गया हो।
8. अनुासना(cid:7004)मक कार(cid:6981र्)ाइयां, ुिमा(cid:6981)ने, ननलंबन ता नन(cid:7020)कासन
8.1 अनुासना(cid:7004)मक (cid:7008)यायानधकार
संब(cid:7373) (cid:7079)ानधकार न(cid:6989)लयनरंग सद(cid:7021)य को बाहर ननकाल सकता है या ननलंनबत कर सकता है और/या ुिमा(cid:6981)ने लगा सकता है और/या आ(cid:6979)ेप लगाते (cid:7263)ए ुिमा(cid:6981)ने लगा सकता है और/या चेर्तानी दे सकता है और/या सभी या कोई भी सद(cid:7021)यता अनधकारर् ापस ले सकता है यनदर् ह नकसी भी उप-ननयम(cid:7298), ननयम(cid:7298) और र्नननयम(cid:7298) के (cid:7079र्)ाधान(cid:7298) या न(cid:6989)लयनरंग कॉप(cid:7299)रेन या संब(cid:7373) (cid:7079)ानधकार या नकसी अ(cid:7008)य सनमनत या इस संबंध म(cid:7286) न(cid:6989)लयनरंग कॉप(cid:7299)रेन के अनधकृ त अनधकारी के नकसी (cid:7021र्)ीकृ त (cid:7079)(cid:7021)र्ता(cid:7298), आदे(cid:7298), नोनटस(cid:7298), ननद(cid:7287)(cid:7298) या ै सल(cid:7298), कार(cid:6981र्)ाइय(cid:7298) या नबनिेस की र्ननध का उ(cid:7016)लंघन, गैर-अनुपालन, र्अहेलना करता है या इसे टालमटोल करता है, नसिे संब(cid:7373) (cid:7079)ानधकार अपने र्र्नेकानुसार अपमाननिक, म(cid:6981)नाक या अनुपयु(cid:7334) मानता है या (cid:7008)याय और नन(cid:7020)प(cid:6979) नस(cid:7373)ांत(cid:7298) के सा असंगत है या न(cid:6989)लयनरंग कॉप(cid:7299)रेन के नहत(cid:7298) या क(cid:7016)याण के नलए अनहतकर है या इसके र्नषय(cid:7298) और उ(cid:7374)े(cid:7019)य(cid:7298) के नलए हाननकारक या र्ननाकारी है।
8.2 ननयम(cid:7298), उप-ननयम(cid:7298) और र्नननयम(cid:7298) के उ(cid:7016)लंघन के नलए दंड
हरेक न(cid:6989)लयनरंग सद(cid:7021)य ननलंबन, बनह(cid:7020)करण या अपने सभी या नकसी भी न(cid:6989)लयनरंग सद(cid:7021)यता अनधकार(cid:7298) कीर् ापसी और/या ुिमा(cid:6981)ने के भुगतान और/या दोषी ठहराए ािने, (cid:7079)तानत नकए ािने या इन ननयम(cid:7298), उप-ननयम(cid:7298) और र्नननयम(cid:7298) या न(cid:6989)लयनरंग कॉप(cid:7299)रेन, (cid:7079)नतभूनत संर्नदा (र्नननयम) अनधननयम, 1956 और/या इसके अंतग(cid:6981)त बने ननयम(cid:7298), भारतीय (cid:7079)नतभूनत र्एं र्नननमय बोड(cid:6981) अनधननयम 1992 और/या इसके अंतग(cid:6981)त बने ननयम(cid:7298), ननदेक बोड(cid:6981), सनमनत, (cid:7079)ब(cid:7008)ध ननदेक या न(cid:6989)लयनरंग कॉप(cid:7299)रेन के नकसी भी अनधकारी के (cid:7021र्)ीकृ त (cid:7079)(cid:7021)र्ता(cid:7298), आदे(cid:7298), नोनटस(cid:7298), ननद(cid:7287)(cid:7298) या ै सल(cid:7298), कार(cid:6981र्)ाइय(cid:7298) या नबनिेस के उ(cid:7016)लंघन, गैर-अनुपालन या ािनबूझकर टालमटोल करने के नलए चेर्तानी नदए ािने के नलए न(िcid:7013)मेदार होगा या नकसी भी बाधाकारी या धोखाधीर् ाले लेनदेन(cid:7298) या सौद(cid:7298) या नबनिेस के तरीक(cid:7298) के नलए उ(cid:7275)रदायी होगा नसिे ननदेक बोड(cid:6981) या संब(cid:7373) (cid:7079)ानधकार अपने एकल र्र्र्नेानधकार से न(cid:6989)लयनरंग कॉप(cid:7299)रेन का अनुनचत न(cid:6989)लयनरंग सद(cid:7021)य मानता है या (cid:7008)याय और नन(cid:7020)प(cid:6979) नस(cid:7373)ांत(cid:7298) के सा असंगत मानता है।
8.3 दिाचार, गैर-(cid:7390र्)ासानयक आचरण और गैर-र्पेेर आचरण
न(cid:6989)लयनरंग सद(cid:7021)य नन(cid:7020)कासन या ननलंबन या सभी या नकसी सद(cid:7021)यता अनधकार कीर् ापसी और/या ुिमा(cid:6981)ने के भुगतान और/या अ(cid:6981)दंड और/या आ(cid:6979)ेनपत होने, (cid:7079)तानत होने के नलए न(िcid:7013)मेदार होगा या उसे नकसी दिाचार, (cid:7390र्)साय र्नरोधी आचरण या गैर-र्पेेर आचरण के नलए चेर्तानी दी ािएगी ैिसा नक उस संदभ(cid:6981) म(cid:7286) यहां उ(cid:7016)लेख नकया गया है:
PART IV] THE GAZETTE OF INDIA, JUNE 17, 2017 (JYAISTHA 27, 1939) 12238.3.1 दिाचार म(cid:7286) ानमल:
a. धोखाधी: यहर् ह नकसी आपरानधक मामले के नलए आरोपी है या कोई धोखाधी करता है या ऐसा कोई काम करता है ोि संब(cid:7373) (cid:7079)ानधकार की नर म(cid:7286) न(cid:6989)लयनरंग सद(cid:7021)य बनने के नलए उनचत नह(cid:7277) है;
b. उ(cid:7016)लंघन: यनद उसने इस गनतर्ननधय(cid:7298), नबनिेस और न(cid:6989)लयनरंग कॉप(cid:7299)रेन, न(cid:6989)लयनरंग सद(cid:7021)य और सामा(cid:7008)य (cid:7272)प से (cid:7079)नतभूनत नबनिेस के पनरचालन(cid:7298) का संचालन करनेर् ाले नकसी संर्नधान का उ(cid:7016)लंघन नकया है;
c. अनुनचत आचरण: संब(cid:7373) (cid:7079)ानधकार की र्नचार म(cid:7286) यनद र्ह न(cid:6989)लयनरंग कॉप(cid:7299)रेन पर अपमाननिक, म(cid:6981)नाक या उ(cid:6994)छृ ंखल या अनुनचत आचरण या ािनबूझकर न(cid:6989)लयनरंग कॉप(cid:7299)रेन के (cid:7390)ापार म(cid:7286) बाधा डालने के नलए दोषी है;
d. ननयम(cid:7298), उप-ननयम(cid:7298) और र्नननयम(cid:7298) का उ(cid:7016)लंघनः यनदर् ह नकसी ऐसे न(cid:6989)लयनरंग सद(cid:7021)य को नरपोट(cid:6981) करने म(cid:7286) बर्चा करता है या उसकी सहायता करता है या चूक करता है नसिके बारे म(cid:7286)र् ह ािनता है नक उसके इन ननयम(cid:7298), उप-ननयम(cid:7298) और र्नननयम(cid:7298) या न(cid:6989)लयनरंग कॉप(cid:7299)रेन, (cid:7079)नतभूनत संर्नदा (र्नननयम) अनधननयम, 1956 और/या इसके अंतग(cid:6981)त बने ननयम(cid:7298), भारतीय (cid:7079)नतभूनत र्एं र्नननमय बोड(cid:6981) अनधननयम 1992 और/या इसके अंतग(cid:6981)त बने ननयम(cid:7298) का उ(cid:7016)लंघन नकया है।
e. (cid:7021र्)ीकृ त (cid:7079)(cid:7021)र्ता(cid:7298) के अनुपालन म(cid:7286) र्नल होना: यनदर् ह इन उप-ननयम(cid:7298), ननयम(cid:7298) और (cid:7021र्)ीकृ त (cid:7079)(cid:7021)र्ता(cid:7298) के अंतग(cid:6981)त संब(cid:7373) (cid:7079)ानधकार या नकसी सनमनत या न(cid:6989)लयनरंग कॉप(cid:7299)रेन के अनधकारी या इस संदभ(cid:6981) म(cid:7286) अनधकृ त कोई अ(cid:7008)य (cid:7390)न(cid:7334) के नकसी (cid:7079)(cid:7021)र्ता, आदे, नोनटस, ननद(cid:7287), ै सला या ननयम का अनुपालन नह(cid:7277) करता है या उसके (cid:7079)नत नन(cid:7399)ा नह(cid:7277) रखता है या इनकार करता है या ऐसा करने म(cid:7286) र्नल होता है;
f. म(cid:7007)य(cid:7021)ता स(cid:7301)पने या उसका अनुपालन करने म(cid:7286) र्नलता: यनद र्ह संब(cid:7373) (cid:7079)ानधकार या सनमनत या इस संदभ(cid:6981) म(cid:7286) न(cid:6989)लयनरंग कॉप(cid:7299)रेन के अनधकृ त अनधकारी को ऐसे बनहय(cid:7298), प(cid:7074)-(cid:7390र्)हार(cid:7298), द(cid:7021)र्ताे(cid:7298) और कागाित(cid:7298) या इसके संदभ(cid:6981) म(cid:7286) र्आ(cid:7019)यक (cid:7272)प से (cid:7079)(cid:7021)तुत करनेर् ाला कोई भाग या स(cid:7301)पने या इसका कोई पाट(cid:6981)नर, अटॉन(cid:7278), ए(िcid:7286)ट, अनधकृ त (cid:7079)नतनननध या कम(cid:6981)चारी को संब(cid:7373) (cid:7079)ानधकार या ऐसी सनमनत या न(cid:6989)लयनरंग कॉप(cid:7299)रेन या इस संदभ(cid:6981) म(cid:7286) अनधकृ त अ(cid:7008)य (cid:7390)न(cid:7334) को सम(cid:6979) (cid:7079)(cid:7021)तुत करने या (cid:7079)माण (cid:7079)(cid:7021)तुत करने म(cid:7286) लापर्राही करता है या र्नल होता है या ऐसा करने म(cid:7286) इनकार करता है;
g. (cid:7079)माण (cid:7079)(cid:7021)तुत करने या सूचना देने म(cid:7286) र्नलता: यनद र्ह संब(cid:7373) (cid:7079)ानधकार या सनमनत या इस संदभ(cid:6981) म(cid:7286) न(cid:6989)लयनरंग कॉप(cid:7299)रेन के अनधकृ त अनधकारी को ऐसे बनहय(cid:7298), प(cid:7074)-(cid:7390र्)हार(cid:7298), द(cid:7021)र्ताे(cid:7298) और कागाित(cid:7298) या इसके संदभ(cid:6981) म(cid:7286) र्आ(cid:7019)यक (cid:7272)प से (cid:7079)(cid:7021)तुत करनेर् ाला कोई भाग या स(cid:7301)पने या इसका कोई पाट(cid:6981)नर, अटॉन(cid:7278), ए(िcid:7286)ट, अनधकृ त (cid:7079)नतनननध या कम(cid:6981)चारी को संब(cid:7373) (cid:7079)ानधकार या ऐसी सनमनत या न(cid:6989)लयनरंग कॉप(cid:7299)रेन या इस संदभ(cid:6981) म(cid:7286) अनधकृ त अ(cid:7008)य (cid:7390)न(cid:7334) को सम(cid:6979) (cid:7079)(cid:7021)तुत करने या (cid:7079)माण (cid:7079)(cid:7021)तुत करने म(cid:7286) लापर्राही करता है या र्नल होता है या ऐसा करने म(cid:7286) इनकार करता है;
h. र्नेष र्र्नरणी स(cid:7301)पने म(cid:7286) र्नलता: यनद र्ह संब(cid:7373) (cid:7079)ानधकार को पनरन(cid:7021)नत उ(cid:7004)प(cid:7382) होने पर संब(cid:7373) (cid:7079)ानधकार (cid:7367)ारा समय-समय पर ननधा(cid:6981)नरत ॉम(cid:6981) म(cid:7286) संब(cid:7373) (cid:7079)ानधकार (cid:7367)ारा र्आ(cid:7019)यक मानी ािनेर् ाली सूचना के सा अनधसूनचत समय- सीमा म(cid:7286) र्नेष र्र्नरण, नसिे संब(cid:7373) (cid:7079)ानधकार ऐसे र्नेष र्र्नरण या सूचना नकसी भी न(cid:6989)लयनरंग सद(cid:7021)य के (cid:7367)ारा नदया ािना चानहए, लापर्राही करता है या र्नल होता है या इनकार करता है।
i. लेखापरीन(cid:6979)त अकाउं ट स(cid:7301)पने म(cid:7286) र्नलता: यनद र्ह संब(cid:7373) (cid:7079)ानधकार (cid:7367)ारा समय-समय पर ननधा(cid:6981)नरत समय-सीमा के अंदर न(cid:6989)लयनरंग कॉप(cid:7299)रेन को लेखापरीन(cid:6979)त अकाउं ट स(cid:7301)पने म(cid:7286) लापर्राही करता है या र्नल होता है या ऐसा करने से इनकार करता है;
j. नडॉ(cid:7016)टर र्ाले अकाउं ट की तुलना करने या स(cid:7301)पने म(cid:7286) र्नल: यनद र्ह अपने अकाउं ट को संब(cid:7373) (cid:7079)ानधकार के सा तुलना करने म(cid:7286) लापर्राही करता है या र्नल होता है या नडॉ(cid:7016)टरर् ाले इसके अकाउं ट की र्र्नरण या इस बात का (cid:7079)माणप(cid:7074) देने म(cid:7286) र्नल होता है नक उसके पास कोई दूसरा अकाउं ट नह(cid:7277) है या यनदर् ह इस संदभ(cid:6981) म(cid:7286) कोई झूठा या (cid:7082)ामक र्र्नरण देता है;
k. झूठी या (cid:7082)ामक र्र्नरण: यनदर् ह अपना न(cid:6989)लयनरंग ॉम(cid:6981) या नरटन(cid:6981), नसिे इन उप-ननयम(cid:7298), ननयम(cid:7298) और र्नननयम(cid:7298) के अंतग(cid:6981)त न(cid:6989)लयनरंग कॉप(cid:7299)रेन को स(cid:7301)पा ािना है, उसम(cid:7286) लापर्राही करता है या र्नल होता है या ऐसा करने से इनकार करता है या इसम(cid:7286) कोई झूठा या (cid:7082)ामक र्र्नरण (cid:7079)(cid:7021)तुत करता है;
l. असोसनिक नकायत(cid:7286): यनद र्ह या उसका ए(िcid:7286)ट संबंध (cid:7079)ानधकार या सनमनत या न(cid:6989)लयनरंग कॉप(cid:7299)रेन का कोई अनधकारी या इस संदभ(cid:6981) म(cid:7286) अनधकृ त (cid:7390)न(cid:7334) के सम(cid:6979) कोई आरोप, नकायत या सूट (cid:7079)(cid:7021)तुत करता है नसिे संब(cid:7373) (cid:7079)ानधकार अपने र्नचार म(cid:7286) तु(cid:6994)छ, असोसनिक या दुभा(cid:6981र्)नापूण(cid:6981) मानता है;
m. बकाय(cid:7298) और ु(cid:7016)क(cid:7298) के भुगतान म(cid:7286) र्नल होना: यनदर् ह अपनी सद(cid:7021)यता ु(cid:7016)क, ीस, म(cid:7007)य(cid:7021)ता (cid:7079)भार या बकाया अ(cid:7008)य नकसी रान या उसपर लगे नकसी ुिमा(cid:6981)ने या अ(cid:6981)दंड के भुगतान म(cid:7286) र्नल होता है।
8.3.2 (cid:7390र्)साय (cid:7079)नतकू ल आचरण:
न(cid:6989)लयनरंग सद(cid:7021)य नन(cid:7388)नलनखत नकसी काय(cid:6981) के नलए या ऐसे ही नकसी काय(cid:6981) के नलए या नकसी चूक के नलए (cid:7390र्)साय (cid:7079)नतकू ल आचरण करने के नलए दोषी ठहराया ाि सकता है:
a. नकली नाम: यनद र्ह अपना नबनिेस या अपने घटक का नबनिेस नकली नाम से चलाता है या र्ह नकली नाम(cid:7298) से न(cid:6989)लयनरंग कॉप(cid:7299)रेन के एक से अनधक समाोधन खंड(cid:7298) म(cid:7286) नबनिेस करता है;
1224 THE GAZETTE OF INDIA, JUNE 17, 2017 (JYAISTHA 27, 1939) [PART IVb. र्अाह(cid:7286) ै लाना: यनदर् ह, नकसी भी तरीके से, कोई र्अाह ै लाता है या इसका कारण बनता है;
c. गैर-मुनानसब नबनिेस: यनद र्ह बाािर म(cid:7286) लापर्राह या गैर-मुनानसब या नबनिेस (cid:7079)नतकू ल सौदा करता है या अपने घटक के अकाउं ट के नलए या नकसी अकाउं ट के नलए खरीद या नब(cid:7059)ी को (cid:7079)भार्नत करता है नसिम(cid:7286) र्ह (cid:7079)(cid:7004)य(cid:6979) या अ(cid:7079)(cid:7004)य(cid:6979) (cid:7272)प से इस बात म(cid:7286) (cid:7271)नच लेता है नक कौन सी खरीद या नब(cid:7059)ी अपने घटक या अपने मायने से और ऐसी (cid:7079)नतभूनत के नलए र्न(cid:7275)ीय संसाधन या बाािर की नर से अ(cid:7004)यनधक है;
d. समझौता: यनद र्ह अ(cid:7008)य न(cid:6989)लयनरंग सद(cid:7021)य के सा नकसी ननीि (cid:7390र्)(cid:7021)ापन के निरए अनदेखी करता है या संबंनधत ए(cid:6989)सच(cid:7286) िके (cid:7069)ेनडंग (cid:7009)लेटॉम(cid:6981) पर नन(cid:7020)पानदत (cid:7079)नतभूनतय(cid:7298) म(cid:7286) नकसी सौदे के कारण उ(cid:7004)प(cid:7382) न(cid:6989)लयनरंग सद(cid:7021)य के बकाए के ननपटारे म(cid:7286) पूण(cid:6981) से कम औरर् ा(cid:7021)तर्नक भुगतान (cid:7021र्)ीकार करता है।
e. नकारा गया चेक: यनद र्ह नकसी अ(cid:7008)य न(cid:6989)लयनरंग सद(cid:7021)य या इसके (cid:6989)लाइंट या संघटक(cid:7298) या न(cid:6989)लयनरंग कॉप(cid:7299)रेन को ऐसा चेक ािरी करता है ोि नकसी भी कारण के नलए (cid:7079)(cid:7021)तुनतकरण पर नकारा ािता है;
f. संघटक(cid:7298) के सा लेनदेन करने म(cid:7286) र्नल होना: यनदर् ह संब(cid:7373) (cid:7079)ानधकार के र्नचार म(cid:7286) अपने संघटक(cid:7298) के सार् चनब(cid:7373) लेनदेन(cid:7298) को संप(cid:7382) करने म(cid:7286) र्नल होता है;
8.3.3 गैर-र्पेेर आचरण
न(cid:6989)लयनरंग सद(cid:7021)य को नन(cid:7388)नलनखत नकसी काय(cid:6981) के नलए या ऐसे ही नकसी काय(cid:6981) के नलए या नकसी चूक के नलए गैर-र्पेेर आचरण करने के नलए दोषी ठहराया ाि सकता है:
a. उन (cid:7079)नतभूनतय(cid:7298) म(cid:7286) नबनिेस नसिम(cid:7286) लेनदेन की अनुमनत नह(cid:7277) होती: यनदर् ह उन (cid:7079)नतभूनतय(cid:7298) म(cid:7286) लेनदेन ु(cid:7272) करता है नसिम(cid:7286) लेनदेन के अनुमनत नह(cid:7277) होती;
b. नडॉन(cid:7016)टंग संघटक के नलए नबनिेस: यनद र्ह (cid:7079)(cid:7004)य(cid:6979) या अ(cid:7079)(cid:7004)य(cid:6979) (cid:7272)प से या नकसी ऐसे (cid:6989)लाइंट या संघटक के नलए संबंनधत ए(cid:6989)सच(cid:7286) ि के (cid:7069)ेनडंग सद(cid:7021)य के (cid:7272)प म(cid:7286) अपनी (cid:6979)मता से कोई आदे ािरी करता है ोि उसकी ािनकारी म(cid:7286) (cid:7079)नतभूनतय(cid:7298) से संबंनधत ननयुन(cid:7334)य(cid:7298) के नर्ना(cid:6981)ह म(cid:7286) र्नल रहा है और अ(cid:7008)य न(cid:6989)लयनरंग सद(cid:7021)य के (cid:7079)नत नडॉ(cid:7016)ट है यनद ऐसा (cid:6989)लाइंट का संघटक ने अपने (cid:7059)े नडटर न(cid:6989)लयनरंग सद(cid:7021)य के सा कोई संतोषनिक (cid:7390र्)(cid:7021)ा नह(cid:7277) की है;
c. नर्दानलया के नलए नबनिेस: यनद सबसे पहले संब(cid:7373) (cid:7079)ानधकार (cid:7367)ारा सहमनत हानसल नकए नबनार् ह (cid:7079)(cid:7004)य(cid:6979) या अ(cid:7079)(cid:7004)य(cid:6979) (cid:7272)प से नकसी नबनिेस म(cid:7286) इ(cid:6994)छु क है या उससे संबंनधत या नबनिेस या नकसी (cid:7390)न(cid:7334) के नलए लेनदेन करता है ोि नर्दानलया हो चुका है या ऋणोधना(cid:6979)म हो चुका है इसके र्बाूिद भी नक ऐसे (cid:7390)न(cid:7334) को ऋणोधना(cid:6979)म (cid:7008)यायालय से अंनतम छु टकारा नमल ािएगा;
d. ननलंनबत होने की न(cid:7021)नत म(cid:7286) नबना अनुमनत नबनिेस: यनद संब(cid:7373) (cid:7079)ानधकार की अनुमनत के नबना र्ह न(cid:6989)लयनरंग कॉप(cid:7299)रेन पर नबनिेस ननलंनबत करने के नलए संब(cid:7373) (cid:7079)ानधकार (cid:7367)ारा र्आ(cid:7019)यक र्अनध के दौरान अपने अकाउं ट पर या (cid:7079)धान अकाउं ट पर या अ(cid:7008)य न(cid:6989)लयनरंग सद(cid:7021)य के निरए नबनिेस करता है;
e. ननलंनबत, बनह(cid:7020)कृ त या नडॉ(cid:7016)टर न(cid:6989)लयनरंग सद(cid:7021)य(cid:7298) के नलए या उसके सा नबनिेस: यनद र्ह संब(cid:7373) (cid:7079)ानधकार की र्नेष अनुमनत के नबना नकसी उस न(cid:6989)लयनरंग सद(cid:7021)य के सा (cid:7081)ोकरे िसाझा करता है या नबनिेस करता है या कोई सौदा करता है नसिे ननलंनबत, बनह(cid:7020)कृ त नकया ाि चुका है या नडॉ(cid:7016)टर घोनषत नकया ाि चुका है;
f. अ(cid:7008)य न(cid:6989)लयनरंग सद(cid:7021)य के कम(cid:6981)चानरय(cid:7298) के नलए नबनिेस: यनद र्ह (cid:7079)(cid:7004)य(cid:6979) या अ(cid:7079)(cid:7004)य(cid:6979) (cid:7272)प से नकसी अ(cid:7008)य न(cid:6989)लयनरंग सद(cid:7021)य के नकसी अनधकृ त (cid:7079)नतनननध या कम(cid:6981)चारी के नलए या उसके सा, ऐसे ननयुन(cid:7334) न(cid:6989)लयनरंग सद(cid:7021)य की नलनखत अनुमनत के नबना कोई नबनिेस लेनदेन करता है;
g. मान(िcid:6981)न अपे(cid:6979)ा(cid:7312) का अर्पंचन: यनदर् ह इन उप-ननयम(cid:7298) और र्नननयम(cid:7298) म(cid:7286) ननधा(cid:6981)नरत मान(िcid:6981)न अपे(cid:6979)ा(cid:7312) का ािनबूझकर टाल-मटोल करता है या करने की कोन करता है टाल-मटोल करने म(cid:7286) सहायता करता है;
h. समाोधन ु(cid:7016)क: यनदर् ह समाोधन ु(cid:7016)क(cid:7298) के संबंध म(cid:7286) इन उप-ननयम(cid:7298) और र्नननयम(cid:7298) के (cid:7079र्)ाधान(cid:7298) का ािनबूझकर टाल-मटोल करता है या करने की कोन करता है टाल-मटोल करने म(cid:7286) सहायता करता है;
i. र्न(cid:6980)ापन: यनदर् ह उस (cid:7390)न(cid:7334)य(cid:7298) के नलए नबनिेस के उ(cid:7374)े(cid:7019)य से र्न(cid:6980)ापन देता है या ननयनमत सकु (cid:6981) लर ािरी करता है या अ(cid:7008)य नबनिेस क(cid:7013)युननके न करता है उसका खुद का संघटक, ए(cid:6989)सच(cid:7286),ि ब(cid:7289)क और (cid:6996र्)ाइंट (cid:7021)टॉक कं पननय(cid:7298) का (cid:7069)ेनडंग सद(cid:7021)य नह(cid:7277) है या पै(cid:7013)(cid:7009)लेट, सकु (cid:6981) लर या अ(cid:7008)य दूसरे सानह(cid:7004)य या नरपोट(cid:6981) या (cid:7021)टॉक माक(cid:7287) ट से संबंनधत अ(cid:7008)य ािनकानरयां (cid:7079)कानत करता है, ोि न(cid:6989)लयनरंग कॉप(cid:7299)रेन की अनुमनत के नबना होता है या न(cid:6989)लयनरंग कॉप(cid:7299)रेन (cid:7367)ारा ननधा(cid:6981)नरत र्न(cid:6980)ापन संनहता के उ(cid:7016)लंघन म(cid:7286) होता है।
8.3.4 भागीदार(cid:7298), ए(िcid:7286)ट(cid:7298) और कम(cid:6981)चानरय(cid:7298) के नलए न(िcid:7013)मेदार न(cid:6989)लयनरंग सद(cid:7021)य
न(cid:6989)लयनरंग सद(cid:7021)य अपने अनधकृ त अनधकानरय(cid:7298), अटॉन(cid:7278), ए(िcid:7286)ट(cid:7298), अनधकृ त (cid:7079)नतनननधय(cid:7298) और कम(cid:6981)चानरय(cid:7298) के कृ (cid:7004)य(cid:7298) और चूक(cid:7298) के नलए पूरी तरह से न(िcid:7013)मेदार होगा और ऐसे कृ (cid:7004)य या चूक को संब(cid:7373) (cid:7079)ानधकार (cid:7367)ारा ऐसा माना ािता है नक यनद न(cid:6989)लयनरंग सद(cid:7021)य (cid:7367)ारा नकया ािता है या छो नदया ािता है तो न(cid:6989)लयनरंग सद(cid:7021)य उप-ननयम(cid:7298), ननयम(cid:7298) और र्नननयम(cid:7298) के (cid:7079र्)ाधान(cid:7298) के अनुसार दंड का भागी होगा तब ऐसा न(cid:6989)लयनरंग सद(cid:7021)य उनके (cid:7367)ारा नकए गए नकसी कृ (cid:7004)य या चूक के नलए उसी सीमा तक समान दंड के नलए न(िcid:7013)मेदार होगा।
PART IV] THE GAZETTE OF INDIA, JUNE 17, 2017 (JYAISTHA 27, 1939) 12258.3.5 कोर सेटलम(cid:7286)ट गारंटी ं ड को मान(िcid:6981)न मिा रान, मिा रान या अंदान देने म(cid:7286) या पू ंीि पया(cid:6981)(cid:7385)ता ननयम(cid:7298) की पूनत(cid:6981) करने म(cid:7286) र्नल होने पर ननलंबन
संब(cid:7373) (cid:7079)ानधकार नकसी न(cid:6989)लयनरंग सद(cid:7021)य को ननलंनबत कर सकता है और/या न(cid:6989)लयनरंग सद(cid:7021)य को अपना नबनिेस ननलंनबत करना प सकता है यनद र्ह मान(िcid:6981)न मिा, मिा और कोर सेटलम(cid:7286)ट गारंटी ं ड म(cid:7286) अंदान देने और/या इन उप-ननयम(cid:7298), ननयम(cid:7298) और र्नननयम(cid:7298) म(cid:7286) उ(cid:7016)लेनखत पू ंीि पया(cid:6981)(cid:7385)ता मानदंड(cid:7298) की पूनत(cid:6981) म(cid:7286) र्नल होता है और नबनिेस का ननलंबन तब तक ािरी रहेगा बि तक नक न(cid:6989)लयनरंग सद(cid:7021)य र्आ(cid:7019)यक मान(िcid:6981)न मिा, मिा / कोर सेटलम(cid:7286)ट गारंटी ं ड म(cid:7286) अंदान नह(cid:7277) दे देता ंीि पया(cid:6981)(cid:7385)ता मानदंड(cid:7298) को पूरा नह(cid:7277) करता। संब(cid:7373) (cid:7079)ानधकार इस (cid:7079र्)ाधान के उ(cid:7016)लंघन की गनतर्ननध म(cid:7286) ानमल न(cid:6989)लयनरंग या पू सद(cid:7021)य को बाहर भी ननकाल सकता है।
8.3.6 नबनिेस का ननलंबन
संब(cid:7373) (cid:7079)ानधकार नकसी न(cid:6989)लयनरंग सद(cid:7021)य को ननलंनबत कर सकता है और/या न(cid:6989)लयनरंग सद(cid:7021)य को आंनक (cid:7272)प से या आंनक (cid:7272)प से नकसी समाोधन खंड म(cid:7286) अपने नबनिेस को (cid:7021)नगत करने के नलए कह सकता है यनद संब(cid:7373) (cid:7079)ानधकार सद(cid:7021)य को नन(cid:7388)नलनखत न(cid:7021)नत म(cid:7286) पाता है:
a. बंध 8.3.2 म(cid:7286)र् नण(cid:6981)त गनतर्ननधय(cid:7298) म(cid:7286) ानमल है, या
b. असंतोषनिक र्न(cid:7275)ीय न(cid:7021)नत म(cid:7286) है: बि संब(cid:7373) (cid:7079)ानधकार के र्नचार म(cid:7286) न(cid:6989)लयनरंग सद(cid:7021)य ऐसी र्न(cid:7275)ीय न(cid:7021)नत म(cid:7286) होता है नक उसे उसके (cid:7059)े नडटर या न(cid:6989)लयनरंग कॉप(cid:7299)रेन की सुर(cid:6979)ा के नलहा िसे नबनिेस करने की अनुमनत नह(cid:7277) दी ाि सकती।
8.3.7 ननलंबन का ननराकरण
नबनिेस का ननलंबन ैिसा नक ऊपरर् नण(cid:6981)त है, तब तक ािरी रहेगा बि तक नक न(cid:6989)लयनरंग सद(cid:7021)य को संब(cid:7373) (cid:7079)ानधकार की ओर से, मिा के भुगतान या ऐसे काय(cid:6981) करने और ऐसी ची(िcid:7286) (cid:7079)दान करने के बाद नसिे संब(cid:7373) (cid:7079)ानधकार र्आ(cid:7019)यक समझ सकता है, अनुमनत नह(cid:7277) नमल ािती।
8.3.8 उ(cid:7016)लंघन के नलए ुिमा(cid:6981)ना
र्ह न(cid:6989)लयनरंग सद(cid:7021)य ोि ननलंनबत है या नसिे अपना नबनिेस या भाग ननलंनबत या (cid:7021)नगत करना है, उसे न(cid:6989)लयनरंग कॉप(cid:7299)रेन की सद(cid:7021)यता से संपूण(cid:6981) (cid:7272)प से या एक या अनधक समाोधन खंड से संब(cid:7373) (cid:7079)ानधकार (cid:7367)ारा बनह(cid:7020)कृ त नकया ाि सकता है, यनदर् ह ऐसे ननलंबन या संबंनधत अपे(cid:6979)ा(cid:7312) म(cid:7286) उ(cid:7016)लंघन का काम करता है।
8.3.9 (cid:7079)माण (cid:7079)(cid:7021)तुत करने और सूचना देने के नलए न(cid:6989)लयनरंग सद(cid:7021)य और अ(cid:7008)य
न(cid:6989)लयनरंग सद(cid:7021)य संब(cid:7373) (cid:7079)ानधकार या अ(cid:7008)य सनमनत या इस संदभ(cid:6981) म(cid:7286) न(cid:6989)लयनरंग कॉप(cid:7299)रेन (cid:7367)ारा अनधकृ त नकसी अनधकारी से सम(cid:6979) पे होकर (cid:7079)माण (cid:7079)(cid:7021)तुत करेगा और अपने भागीदार(cid:7298), अटॉन(cid:7278), ए(िcid:7286)ट(cid:7298), अनधकृ त (cid:7079)नतनननधय(cid:7298) को भी ऐसा करने करने के नलए राीि करेगा और न(cid:6989)लयनरंग सद(cid:7021)य संब(cid:7373) (cid:7079)ानधकार या अ(cid:7008)य सनमनत या इस संदभ(cid:6981) म(cid:7286) न(cid:6989)लयनरंग कॉप(cid:7299)रेन (cid:7367)ारा अनधकृ त नकसी अनधकारी के सम(cid:6979) ऐसे बनहय(cid:7298), प(cid:7074)(cid:7298), द(cid:7021)र्ताे(cid:7298), कागाित(cid:7298) और नरकॉ(cid:7001)स(cid:6981) या प(cid:6979) (cid:7079)(cid:7021)तुत करेगा ोि इसके अनधकार म(cid:7286) होता है या नसिे पूछताछ या ािंच के तहत नकसी मामले के नलए (cid:7079)ासंनगक या र्आ(cid:7019)यक माना ाि सकता है।
8.3.10 कानूनी (cid:7079)(cid:7021)तुनतकरण के नलए र्आ(cid:7019)यक अनुमनत
नकसी भी (cid:7390)न(cid:7334) संब(cid:7373) (cid:7079)ानधकार या नकसी अ(cid:7008)य सनमनत के सामने ािंच के नलए या सुर्नाई के नलए र्पेेर अनर्ध(cid:7334)ा, अटॉन(cid:7278),र् कील (cid:7367)ारा (cid:7079)(cid:7021)तुत नकए ािने के नलए अनधकृ त नह(cid:7277) होगा यनद संब(cid:7373) (cid:7079)ानधकार या अ(cid:7008)य सनमनत (cid:7367)ारा अनुमनत नह(cid:7277) दी ािती है।
8.3.11 ननलंबन या बनह(cid:7020)करण के स(cid:7013)मुख (cid:7021)प(cid:7397)ीकरण
न(cid:6989)लयनरंग सद(cid:7021)य को ननलंनबत होने या बनह(cid:7020)कृ त होने से पहले संब(cid:7373) (cid:7079)ानधकार के स(cid:7013)मुख (cid:7079)(cid:7021)तुत होकर (cid:7021)प(cid:7397)ीकरण देने का अनधकार होगा लेनकन सभी न(cid:7021)नतय(cid:7298) म(cid:7286) संब(cid:7373) (cid:7079)ानधकार का ननण(cid:6981)य अंनतम होगा और ननण(cid:6981)या(cid:7004)मक होगा।
8.3.12 ुिमा(cid:6981)ने का आरोपण
संब(cid:7373) (cid:7079)ानधकार (cid:7367)ारा ननलंबन, सभी या नकसी भी सद(cid:7021)यता अनधकार(cid:7298) कीर् ापसी, ुिमा(cid:6981)ना लगाया ाि सकता है, आ(cid:6979)ेप या चेर्तानी दी ाि सकती है ोि एकल या संयु(cid:7334) (cid:7272)प से हो सकता है। बनह(cid:7020)करण की साि संब(cid:7373) (cid:7079)ानधकार (cid:7367)ारा दी ाि सकती है।
8.3.13 दंड का र्पू(cid:6981)ननधा(cid:6981)रण
संब(cid:7373) (cid:7079)ानधकार के पास दंड, ननलंबन की र्अनध, र्नेष सद(cid:7021)यता अनधकार(cid:7298) की र्ापसी और नकसी ुिमा(cid:6981)ने की रान के र्पू(cid:6981)ननधा(cid:6981)रण का अनधकार होगा नसिे नकसी भी उप-ननयम(cid:7298), ननयम(cid:7298) या र्नननयम(cid:7298) या न(cid:6989)लयनरंग कॉप(cid:7299)रेन, संब(cid:7373) (cid:7079)ानधकार या नकसी अ(cid:7008)य सनमनत या इस संदभ(cid:6981) म(cid:7286) न(cid:6989)लयनरंग कॉप(cid:7299)रेन (cid:7367)ारा अनधकृ त अनधकार के नकसी (cid:7021र्)ीकृ त (cid:7079)(cid:7021)र्ता, आदे, नोनटस, ननद(cid:7287), ननण(cid:6981)य या ननयम(cid:7298) के उ(cid:7016)लंघन, गैर-अनुपालन, र्अहेलना, अपमान या अर्पंचन की न(cid:7021)नत म(cid:7286) लगाया ाि सकता है।
8.3.14 र्संाद
संब(cid:7373) (cid:7079)ानधकार अपने र्र्नानधकार से नकसी भी न(cid:7021)नत म(cid:7286) नकसी न(cid:6989)लयनरंग सद(cid:7021)य को बनह(cid:7020)करण के दंड के र्ए िम(cid:7286) ननलंनबत कर सकता है या सभी या नकसी सद(cid:7021)यता अनधकार कोर् ापस ले सकता है या ननलंबन या बनह(cid:7020)करण के र्ए िम(cid:7286) ुिमा(cid:6981)ना लगा1226 THE GAZETTE OF INDIA, JUNE 17, 2017 (JYAISTHA 27, 1939) [PART IV सकता है और दोषी न(cid:6989)लयनरंग सद(cid:7021)य को आ(cid:6979)ेनपत करने या चेर्तानी देने का ननद(cid:7287) ािरी कर सकता है या ऐसे ननयमर् त(cid:7300) पर ऐसे दंड को कम कर सकता है या र्न(cid:7079)ेनषत कर सकता है नसिे उनचत और (cid:7008)यायसंगत माना ाि सकता है।
8.3.15 पुनर्न(cid:6981)चार / समी(cid:6979)ा
संब(cid:7373) (cid:7079)ानधकार अपने र्नचार से या संबंनधत न(cid:6989)लयनरंग सद(cid:7021)य के अपील पर, सद(cid:7021)य के नलए संब(cid:7373) (cid:7079)ानधकार के पुनर्न(cid:6981)चार करने और छू ट देने, ुिमा(cid:6981)ना लगाने, आरोपी ठहराने, चेर्तानी या न(cid:6989)लयनरंग सद(cid:7021)य की सभी या कोई सद(cid:7021)यता अनधकार को र्ापस लेने के अपने आदे कोर् ापस लेने या उसे बदलने पर र्नचार इसके ननण(cid:6981)य के र्संाद की नतन से 90 नदन(cid:7298) के भीतर कर सकता है। इसी तरीके से संब(cid:7373) (cid:7079)ानधकार न(cid:6989)लयनरंग सद(cid:7021)य को बाहर करने, ननलंनबत करने के अपने ननण(cid:6981)य म(cid:7286) छू ट दे सकता है,र् ापस ले सकता है या इसे बदल सकता है।
8.3.16 ुिमा(cid:6981)ने और अ(cid:6981)दंड के भुगतान म(cid:7286) र्नल होना
यनद कोई न(cid:6989)लयनरंग सद(cid:7021)य संब(cid:7373) (cid:7079)ानधकार (cid:7367)ारा समय-समय पर ननधा(cid:6981)नरत समय र्अनध के अंदर उसपर लगे ुिमा(cid:6981)ने या अ(cid:6981)दंड के भुगतान म(cid:7286) र्नल होता है, तो उसे संब(cid:7373) (cid:7079)ानधकार (cid:7367)ारा तब तक ननलंनबत रखा ाि सकता है बि तक नकर् ह भुगतान नह(cid:7277) कर देता और यनद ऐसे भुगतान के नलए समय-समय पर ननधा(cid:6981)नरत समय सीमा के अंदर भुगतान करने म(cid:7286) र्नल होता है तो उसे संब(cid:7373) (cid:7079)ानधकार (cid:7367)ारा बनह(cid:7020)कृ त नकया ाि सकता है।
8.3.17 ननलंबन का पनरणाम
न(cid:6989)लयनरंग सद(cid:7021)य के ननलंबन के नन(cid:7388)नलनखत पनरणाम ह(cid:7298)गे:
8.3.17.1 सद(cid:7021)यता अनधकार(cid:7298) का ननलंबन
ननलंनबत न(cid:6989)लयनरंग सद(cid:7021)य अपने ननलंबन की र्अनध के दौरान, अपनी सद(cid:7021)यता के सभी अनधकार(cid:7298) और
र्नेषानधकार(cid:7298) सेर् ंनचत होता है औरर् न(िcid:6981)त होता है लेनकन उसपर संब(cid:7373) (cid:7079)ानधकार (cid:7367)ारा, ननलंबन से पहले
अपने नकए गए नकसी अपराध के नलए, अनभयोग चलाया ाि सकता है और संब(cid:7373) (cid:7079)ानधकार अ(cid:7008)य न(cid:6989)लयनरंग सद(cid:7021)य (cid:7367)ारा उसके नखला नकए गए र्दाे पर लेनदेन या ै सला देने के पनर(cid:6980)ान से र्र्नन(िcid:6981)त नह(cid:7277) करेगा।
8.3.17.2 (cid:7059)े नडटस(cid:6981) के अनधकार अ(cid:6979)ु(cid:7003)ण होते ह(cid:7289)
ननलंबन से उन न(cid:6989)लयनरंग सद(cid:7021)य(cid:7298) के अनधकार (cid:7079)भार्नत नह(cid:7277) होते ोि ननलंनबत न(cid:6989)लयनरंग सद(cid:7021)य के (cid:7059)े नडटस(cid:6981) होते ह(cid:7289) और सा ही न(cid:6989)लयनरंग कॉप(cid:7299)रेन के अनधकार भी (cid:7079)भार्नत नह(cid:7277) होते।
8.3.17.3 लेनदेन(cid:7298) और देयता(cid:7312) का नर्ना(cid:6981)ह
ननलंनबत न(cid:6989)लयनरंग सद(cid:7021)य अपने ननलंबन के समय बकाए देयता(cid:7312) और लेनदेन(cid:7298) को पूरा करने के नलए बा(cid:7007)य होगा।
8.3.17.4 आगे का नबनिेस (cid:7079)नतबंनधत होता है
ननलंनबत न(cid:6989)लयनरंग सद(cid:7021)य अपने ननलंबन की र्अनध के दौरान कोई नबनिेस नह(cid:7277) करेगा बत(cid:7287) नकर् ह संब(cid:7373) (cid:7079)ानधकार की अनुमनत से अपने ननलंबन के समय बकाए लेनदेन(cid:7298) को समा(cid:7385) करता है।
8.3.18 नन(cid:7020)कासन के पनरणाम
न(cid:6989)लयनरंग सद(cid:7021)य के नन(cid:7020)कासन के नन(cid:7388)नलनखत पनरणाम ह(cid:7298)गे:
8.3.18.1 न(cid:6989)लयनरंग सद(cid:7021)यता अनधकार (िcid:7011)त कर नलए ािते ह(cid:7289)
बनह(cid:7020)कृ त न(cid:6989)लयनरंग सद(cid:7021)य न(cid:6989)लयनरंग कॉप(cid:7299)रेन की अपनी न(cid:6989)लयनरंग सद(cid:7021)यता से और न(cid:6989)लयनरंग सद(cid:7021)य के
(cid:7272)प म(cid:7286) अपने सभी सनधकार(cid:7298) और र्नेषानधकार(cid:7298) सेर् ंनचत रहेगा नसिम(cid:7286) न(cid:6989)लयनरंग कॉप(cid:7299)रेन की नकसी भी
संपन(cid:7275) या ं ड म(cid:7286) नकसी भी र्दाे या नकसी भी इंटरे(cid:7021)ट के इ(cid:7021)तेमाल का अनधकार ानमल है लेनकन न(cid:6989)लयनरंग
सद(cid:7021)य का न(cid:6989)लयनरंग कॉप(cid:7299)रेन या नकसी न(cid:6989)लयनरंग सद(cid:7021)य के (cid:7079)नत कोई भी दानय(cid:7004र्) बना रहेगा और इसके
नन(cid:7020)कासन (cid:7367)ारा इसपर कोई (cid:7079)र्भा नह(cid:7277) पेगा।
8.3.18.2 काया(cid:6981)लय खाली करना पता है
नन(cid:7020)कासन के पनरणाम(cid:7021र्)(cid:7272)प नन(cid:7020)कानसत न(cid:6989)लयनरंग सद(cid:7021)य (cid:7367)ारा धानरत काया(cid:6981)लय या पोननि म(cid:7286) एक नरन(cid:7334)
र्(ैक(cid:7286) सी) उ(cid:7004)प(cid:7382) होगी।
8.3.18.3 (cid:7059)े नडटस(cid:6981) के अनधकार अ(cid:6979)ु(cid:7003)ण होते ह(cid:7289)
ननलंबन से उन न(cid:6989)लयनरंग सद(cid:7021)य(cid:7298) के अनधकार (cid:7079)भार्नत नह(cid:7277) होते ोि ननलंनबत न(cid:6989)लयनरंग सद(cid:7021)य के (cid:7059)े नडटस(cid:6981)
होते ह(cid:7289)।
8.3.18.4 लेनदेन(cid:7298) और देयता(cid:7312) का नर्ना(cid:6981)ह
नन(cid:7020)कानसत न(cid:6989)लयनरंग सद(cid:7021)य अपने नन(cid:7020)कासन के समय बकाया लेनदेन(cid:7298) और देयता(cid:7312) को पूरा करने के नलए बा(cid:7007)य होगा औरर् ह संब(cid:7373) (cid:7079)ानधकार की अनुमनत से ऐसे बकाए लेनदेन(cid:7298) को समा(cid:7385) कर सकता है।
PART IV] THE GAZETTE OF INDIA, JUNE 17, 2017 (JYAISTHA 27, 1939) 12278.3.18.5 न(cid:6989)लयनरंग सद(cid:7021)य लेनदेन नह(cid:7277) करेगा
कोई भी न(cid:6989)लयनरंग सद(cid:7021)य नकसी नन(cid:7020)कानसत न(cid:6989)लयनरंग सद(cid:7021)य के के नलए या उसके सा नबनेिस लेनदेन नह(cid:7277) करेगा बि तक नकस उसे संब(cid:7373) (cid:7079)ानधकार (cid:7367)ारा अनुमनत नह(cid:7277) नमल जाती।
8.4 नडॉ(cid:7016)ट की घोषणा के पनरणाम के संदभ(cid:6981) म(cid:7286) उपननयम(cid:7298) के (cid:7079र्)ाधान, नसिका उ(cid:7016)लेख न(cid:6989)लयनरंग कॉप(cid:7299)रेन के उपननयम(cid:7298) के अ(cid:7007)याय XII म(cid:7286) नकया गया है, नन(cid:7020)कानसत न(cid:6989)लयनरंग सद(cid:7021)य के ऊपर लागू ह(cid:7298)गे यनद न(cid:6989)लयनरंग सद(cid:7021)य नडॉ(cid:7016)टर घोनषत होता है।
8.5 (cid:7079)यो(cid:6996)य नन(cid:7020)कासन ननयम
बि नकसी न(cid:6989)लयनरंग सद(cid:7021)य से इन ननयम(cid:7298) और उप-ननयम(cid:7298) के (cid:7079र्)ाधान(cid:7298) के अंतग(cid:6981)त न(cid:6989)लयनरंग सद(cid:7021)य होने का अनधकार (िcid:7011)त कर नलया ािता है, ोि मृ(cid:7004)यु, नडॉ(cid:7016)ट या (cid:7004)यागप(cid:7074) (cid:7367)ारा नह(cid:7277) है, तो यह यनद न(cid:6989)लयनरंग सद(cid:7021)य संब(cid:7373) (cid:7079)ानधकार (cid:7367)ारा नन(cid:7020)कानसत है और ऐसी न(cid:7021)नत म(cid:7286) बि नन(cid:7020)कासन से संब(cid:7373) सभी (cid:7079र्)ाधान इन ननयम(cid:7298) म(cid:7286) ानमल होते ह(cid:7289), ये ऐसे न(cid:6989)लयनरंग सद(cid:7021)य पर हर तरह से लागू ह(cid:7298)गे।
9. दंड और नबनिेस के ननलंबन की नोनटस
9.1 आमतौर पर संबंनधत न(cid:6989)लयनरंग सद(cid:7021)य और न(cid:6989)लयनरंग सद(cid:7021)य(cid:7298) को नन(cid:7020)कासन या ननलंबन या नडॉ(cid:7016)ट या नबनिेस के ननलंबन या इस पर इसके नकसी भागीदार या अ(cid:7008)य कम(cid:6981)चारी पर लगे नकसी अ(cid:7008)य ुिमा(cid:6981)ने के बारे म(cid:7286) संब(cid:7373) (cid:7079)ानधकार (cid:7367)ारा ननधा(cid:6981)नरत (cid:7079)ा(cid:7272)प से नोनटस भेाि ािएगा। संब(cid:7373) (cid:7079)ानधकार अपने एकल र्र्नेकानधकार से और उस (cid:7272)प म(cid:7286) नसिेर् ह उनचत समझता है, न(cid:6989)लयनरंग सद(cid:7021)य या उस पन(cid:7011)लक को नोनटस भे िसकता है नसिका नाम इस नोनटनके न म(cid:7286) है,र् ह नन(cid:7020)कानसत है, ननलंनबत है या उसपर ुिमा(cid:6981)ना लगाया गया है या उसे नडॉ(cid:7016)टर घोनषत नकया गया है या उसके नबनिेस को ननलंनबत कर नदया गया है या उसके न(cid:6989)लयनरंग सद(cid:7021)य का अनधकार (िcid:7011)त कर नलया गया है। ऐसे (cid:7390)न(cid:7334)य(cid:7298) (cid:7367)ारा न(cid:6989)लयनरंग कॉप(cid:7299)रेन या न(cid:6989)लयनरंग कॉप(cid:7299)रेन के नकसी अनधकारी या कम(cid:6981)चारी के नखला ऐसी अनधसूचना के (cid:7079)कान या सकु (cid:6981) लेन के नलए नकसी भी पनरन(cid:7021)नत म(cid:7286) कोई भी कार(cid:6981र्)ाई का अ(cid:7008)य सुर्नाई मा(cid:7008)य नह(cid:7277) होगी।
9.2 इसके र्बाूिद ऐसी ची ोि इन (cid:7079र्)ाधान(cid:7298) म(cid:7286) ानमल है, यनद संब(cid:7373) (cid:7079)ानधकार को ऐसा करना र्आ(cid:7019)यकता लगता है, तोर् ह, कारण(cid:7298) को नलनखत (cid:7272)प म(cid:7286) द(िcid:6981) करते (cid:7263)ए, अ(cid:7021)ायी (cid:7272)प से त(cid:7004)काल न(cid:6989)लयनरंग सद(cid:7021)य को ननलंनबत कर सकता है, संब(cid:7373) (cid:7079)ानधकार (cid:7367)ारा इस अ(cid:7007)याय के अंतग(cid:6981)त ननलंबन के नलए उपयु(cid:7334) कार(cid:6981र्)ाई को लंनबत कर सकता है, और ऐसे अ(cid:7021)ायी ननलंबन के नलए कोई सुर्नाई र्अ(cid:7019)यक नह(cid:7277) होगी और ऐसे अ(cid:7021)ायी ननलंबन कार् ही पनरणाम होगा ैिसा नक इस अ(cid:7007)याय म(cid:7286)र् नण(cid:6981)त है, बत(cid:7287) नक इस अ(cid:7007)याय म(cid:7286) दी गई उपयु(cid:7334) कार(cid:6981र्)ाइयां एक ऐसे नोनटस के ननग(cid:6981)मन (cid:7367)ारा ु(cid:7272) ह(cid:7298)गी ोि ऐसे अ(cid:7021)ायी ननलंबन के 10 नदन(cid:7298) के भीतर न(cid:6989)लयनरंग कॉप(cid:7299)रेन को कारण दा(cid:6981)एगा।
ऐसे अ(cid:7021)ायी ननलंबन को संब(cid:7373) (cid:7079)ानधकार के र्र्नेकानधकार सेर् ापस नलया ाि सकता है, इसके कारण(cid:7298) को नलनखत म(cid:7286) द(िcid:6981) नकया ािता है, यनद संब(cid:7373) (cid:7079)ानधकार इस बात को संतु(cid:7397) करता है नक ननलंबन के नलए संब(cid:7373) (cid:7079)ानधकार के र्नचार की पनरन(cid:7021)नतयां सही है।
: 24.05.2017
:
1.
1.1
1.21228 THE GAZETTE OF INDIA, JUNE 17, 2017 (JYAISTHA 27, 1939) [PART IV 1.3
1.4
a.
b.
2.
2.1
2.1.1
2.1.2
2.1.3
2.1.4
2.1.5
2.1.6
2.1.7
2.1.8PART IV] THE GAZETTE OF INDIA, JUNE 17, 2017 (JYAISTHA 27, 1939) 1229 2.1.9
2.1.10
2.1.11
2.1.12
2.1.13
2.1.14
2.1.15
2.1.16
2.1.171230 THE GAZETTE OF INDIA, JUNE 17, 2017 (JYAISTHA 27, 1939) [PART IV 2.1.18
2.1.19
2.1.20
2.1.21
2.1.22
2.1.23
2.1.24
2.1.25
2.1.26
2.1.27
2.1.28
2.1.29
2.1.30PART IV] THE GAZETTE OF INDIA, JUNE 17, 2017 (JYAISTHA 27, 1939) 1231 2.1.31
2.1.32
2.1.33
2.1.34
2.1.35
2.1.36
2.1.37
2.1.38
2.1.39
2.1.40
2.1.41
2.1.421232 THE GAZETTE OF INDIA, JUNE 17, 2017 (JYAISTHA 27, 1939) [PART IV 2.1.43
2.1.44
2.1.45
2.1.46
2.1.47
2.1.48
2.1.49
2.1.50
2.1.51
2.1.52
2.1.53
2.1.54
2.1.55PART IV] THE GAZETTE OF INDIA, JUNE 17, 2017 (JYAISTHA 27, 1939) 1233 2.1.56
2.1.57
2.1.58
2.1.59
2.1.60
2.1.61
2.1.62
2.1.63
2.1.64
2.1.65
2.1.66
2.1.67
2.1.68
2.1.691234 THE GAZETTE OF INDIA, JUNE 17, 2017 (JYAISTHA 27, 1939) [PART IV 2.1.70
2.1.71
2.1.72
2.1.73
2.1.74
2.1.75
2.1.76
2.1.77
2.1.78
i.
2.1.79
2.1.80
2.1.81
2.1.82
2.1.83
2.1.84PART IV] THE GAZETTE OF INDIA, JUNE 17, 2017 (JYAISTHA 27, 1939) 1235 2.1.85
2.1.86
2.1.87
2.1.88
2.1.89
2.2
2.2.1
2.2.2
2.2.3
2.2.4
2.2.5
2.2.61236 THE GAZETTE OF INDIA, JUNE 17, 2017 (JYAISTHA 27, 1939) [PART IV 2.2.7
3.
3.1
3.2
3.3
3.4
3.5
4.
4.1
4.1.1
4.1.2PART IV] THE GAZETTE OF INDIA, JUNE 17, 2017 (JYAISTHA 27, 1939) 1237 4.1.3
4.2
4.3
4.3.1
4.3.2
4 . 4
4.5
4.5.1
4.5.2
4.5.3
4.5.4
4.5.5
5.
5.1
5.1.1
5.1.2
5.1.3
a.
1238 THE GAZETTE OF INDIA, JUNE 17, 2017 (JYAISTHA 27, 1939) [PART IVb.
c.
d.
e.
f.
g.
h.
i.
j.
k.
l.
m.
n.
o.
p.
q.
r.
s.
PART IV] THE GAZETTE OF INDIA, JUNE 17, 2017 (JYAISTHA 27, 1939) 1239t.
u.
v.
w.
x.
y.
z.
aa.
bb.
5.2
5.3
5.3.1
5.3.2
5.4
5.4.1
5.4.1.1
5.4.1.2
5.4.1.3
5.4.21240 THE GAZETTE OF INDIA, JUNE 17, 2017 (JYAISTHA 27, 1939) [PART IV 5.4.3
5.5.1
5.5.2
5.5.3
5.5.4
5.5.5
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-
-
-
-
-PART IV] THE GAZETTE OF INDIA, JUNE 17, 2017 (JYAISTHA 27, 1939) 1241 5.8.1
5.8.2
5.8.2.1
5.8.2.2
5.8.3
5.8.4
5.8.4.1
1242 THE GAZETTE OF INDIA, JUNE 17, 2017 (JYAISTHA 27, 1939) [PART IV5.8.4.2
5.8.4.3
5.8.5
5.8.6
5.8.6.1
5.8.6.2PART IV] THE GAZETTE OF INDIA, JUNE 17, 2017 (JYAISTHA 27, 1939) 1243 5.8.6.3
5.8.7
6.
1244 THE GAZETTE OF INDIA, JUNE 17, 2017 (JYAISTHA 27, 1939) [PART IV7.
7.1
7.1.1
7.1.2
7.1.3
7.1.4
7.2
7.3
7.4
7.4.1PART IV] THE GAZETTE OF INDIA, JUNE 17, 2017 (JYAISTHA 27, 1939) 1245 7.4.2
7.4.3
7.5
7.5.1
a.
b.
c.
8.
8.1
8.1.1
8.1.2
8.1.31246 THE GAZETTE OF INDIA, JUNE 17, 2017 (JYAISTHA 27, 1939) [PART IV 8.1.4
8.1.5
8.1.6
8.1.7
8.1.8
8.2
8.2.1
8.2.2
8.2.3PART IV] THE GAZETTE OF INDIA, JUNE 17, 2017 (JYAISTHA 27, 1939) 1247 a.
b.
8.3
8.3.1
a.
b.
c.
d.
e.
f.
g.
8.3.2
-
-1248 THE GAZETTE OF INDIA, JUNE 17, 2017 (JYAISTHA 27, 1939) [PART IV 8.4
8.4.1
8.5
8.5.1
8.5.2
8.5.3
8.5.4
8.5.5
8.5.6
8.5.7PART IV] THE GAZETTE OF INDIA, JUNE 17, 2017 (JYAISTHA 27, 1939) 1249 8.6
8.6.1
8.6.2
8.6.3
8.6.4
8.6.5
8.6.6
8.6.7
8.6.81250 THE GAZETTE OF INDIA, JUNE 17, 2017 (JYAISTHA 27, 1939) [PART IV 8.6.9
8.6.10
8.7
8.7.1
8.7.2
8.7.3PART IV] THE GAZETTE OF INDIA, JUNE 17, 2017 (JYAISTHA 27, 1939) 1251 8.8.1
8.8.2
8.8.3
8.8.3.1
8.8.3.2
8.8.3.3
8.8.4
8.8.5
8.8.5.1
8.8.5.2
8.8.6
8.8.6.11252 THE GAZETTE OF INDIA, JUNE 17, 2017 (JYAISTHA 27, 1939) [PART IV 8.8.6.2
8.8.6.3
8.8.7
8.8.8
8.8.9
8.8.9.1
8.8.9.2
8.8.9.3
8.8.10
8.8.10.1
8.8.10.2PART IV] THE GAZETTE OF INDIA, JUNE 17, 2017 (JYAISTHA 27, 1939) 1253 8.8.10.3
8.8.11
8.8.11.1
8.8.11.2
9.
9.1
9.2
9.3
9.3.1
9.3.2
9.3.3
9.3.4
9.3.51254 THE GAZETTE OF INDIA, JUNE 17, 2017 (JYAISTHA 27, 1939) [PART IV 9.3.6
9.4
9.5
9.5.1
9.5.2
9.5.3
10.
10.1
10.2
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10.3.4PART IV] THE GAZETTE OF INDIA, JUNE 17, 2017 (JYAISTHA 27, 1939) 1255 10.4
10.5
10.6
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10.8
10.10
10.11
10.11.1
10.11.2
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10.131256 THE GAZETTE OF INDIA, JUNE 17, 2017 (JYAISTHA 27, 1939) [PART IV 10.14
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11.2
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11.2.2PART IV] THE GAZETTE OF INDIA, JUNE 17, 2017 (JYAISTHA 27, 1939) 1257 11.3
11.3.1
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11.4.1
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11.5.1
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11.6.1
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11.8.11258 THE GAZETTE OF INDIA, JUNE 17, 2017 (JYAISTHA 27, 1939) [PART IV 11.9
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12.1.1PART IV] THE GAZETTE OF INDIA, JUNE 17, 2017 (JYAISTHA 27, 1939) 1259 12.2
12.2.1
12.3
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12.3.2
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12.3.41260 THE GAZETTE OF INDIA, JUNE 17, 2017 (JYAISTHA 27, 1939) [PART IV 12.4
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1262 THE GAZETTE OF INDIA, JUNE 17, 2017 (JYAISTHA 27, 1939) [PART IVs.
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12.4.3PART IV] THE GAZETTE OF INDIA, JUNE 17, 2017 (JYAISTHA 27, 1939) 1263 12.4.4
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12.4.61264 THE GAZETTE OF INDIA, JUNE 17, 2017 (JYAISTHA 27, 1939) [PART IV 12.5
12.5.1
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13.2.3PART IV] THE GAZETTE OF INDIA, JUNE 17, 2017 (JYAISTHA 27, 1939) 1265 13.2.41266 THE GAZETTE OF INDIA, JUNE 17, 2017 (JYAISTHA 27, 1939) [PART IV 13.3
13.3.1
13.3.2
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13.5.1PART IV] THE GAZETTE OF INDIA, JUNE 17, 2017 (JYAISTHA 27, 1939) 1267 14.
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14.1.11268 THE GAZETTE OF INDIA, JUNE 17, 2017 (JYAISTHA 27, 1939) [PART IV 14.2
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14.3PART IV] THE GAZETTE OF INDIA, JUNE 17, 2017 (JYAISTHA 27, 1939) 1269
नेशनल सिक्योरिटीज क्लियरिंग कार्पोरेशन लिमिटेड
पंजी—त कार्यालयःएक्सचेंज प्लाजा, प्लॉट नं. सी/1, ब्लॉकजी, बांद्रा-कुर्ला कॉम्प्लेक्स, बांद्रा (पूर्व), मुंबई 400 051
नेशनल सिक्योरिटीज क्लियरिंग कॉर्पोरेशन लिमिटेड के आर्टिकल्स ऑफ आर्ट्स के संबंधित धाराओं में निहित प्रावधानों को निम्नानुसार संशोधित किया गया हैः
I. कंपनी अधिनियम, 2013 के आलोक में धारा संख्या, अनुसूची संख्या या कंपनी अधिनियम, 1956 के संदर्भ में परिवर्तन।
कंपनी अधिनियम में परिवर्तन के अनुसार,कंपनी अधिनियम 1956 की धाराओं के प्रति निम्नलिखित संदर्भ कंपनी अधिनियम, 2013 में संबंधित धाराओं या कंपनी अधिनियम, 2013 के प्रावधानों के प्रति संदर्भ का उल्लेख करने के लिए परिवर्तित किए जाने हेतु प्रस्तावित हैंः
| क्र. सं. | अनुच्छेद संख्या | कंपनी अधिनियम, 1956 का संदर्भ | कंपनी अधिनियम, 2013 ('अधिनियम') का संदर्भ |
| 1. | विवरण | कंपनी अधिनियम,1956 की पहली अनुसूची में तालिका क | कंपनी अधिनियम, 2013 की अनुसूची 1 में चिह्नित तालिका च |
| 2. | अनुच्छेद 1(एच) | धारा 150 | धारा 88 |
| 3. | अनुच्छेद 2(डी) | कंपनी अधिनियम 1956 | ''अधिनियम'' |
| 4. | अनुच्छेद 4 | धारा 150, 151 और 152 | धारा 88 |
| 5. | अनुच्छेद 5 | धारा 159 और 161 | ''........अधिनियम के अधीन'' |
| 6. | अनुच्छेद 7 | धारा 69, 70 और 75 | धारा 39 |
| 7. | अनुच्छेद 15 | धारा 77 | धारा 67 |
| 8. | अनुच्छेद 15ए | धारा 77ए | धारा 68 |
| 9. | अनुच्छेद 34 | धारा 205-ए | ''.....अधिनियम के विषयाधीन'' |
| 10. | अनुच्छेद 45 | धारा 108 (1-ए) | धारा 56 |
| 11. | अनुच्छेद 47 | धारा 108 की उप-धारा (1), (1-ए) और (1-बी) | धारा 56 |
| 12. | अनुच्छेद 68 | धारा 81 | धारा 62 |
| 13. | अनुच्छेद 68 | धारा 79 | धारा 53 |
| 14. | अनुच्छेद 73 | धारा 58ए, 292, 293 | ''......इस अधिनियम के प्रावधान'' |
| 15. | अनुच्छेद 79 | धारा 143 | ''......अधिनियम के प्रावधान'' |
| 16. | अनुच्छेद 105 | धारा 187 | धारा 113 |
| 17. | अनुच्छेद 112 | अनुसूची IX | धारा 105 |
| 18. | अनुच्छेद 152 | धारा 193 | धारा 118 |
| 19. | अनुच्छेद 157(19) | धारा 293 | धारा 181 |
| 20. | अनुच्छेद 157(23) | धारा 292 और 293 | ''.......इस अधिनियम के प्रावधान'' |
| 21. | अनुच्छेद 157(24) | धारा 292 और 293 | ''......इस अधनियम के प्रावधान'' |
| 22. | अनुच्छेद 165 | धारा 205 | धारा 123 |
| 23. | अनुच्छेद 168 | धारा 205 | धारा 123 |
| 24. | अनुच्छेद 173 | धारा 205ए | ''......इस अधिनियम के विषयाधीन'' |
I. मौजूदा अनुच्छेदों में संयोजन या विलोपन की वजह से परिवर्तन।
1. जैसाकि इसके अंतर्गत दिया गया है, अनुच्छेद 1(ए) संशोधित किए जाने हेतु प्रस्तावित हैैः
'इस अधिनियम'' या ''उक्त अधिनियम'' से आशय कंपनी अधिनियम, 2013 सेे है और इसमें तत्समय प्रवृत्त इसके अधीन बनाए गए सभी नियम, स्पष्टीकरण, परिपत्र, अधिसूचनाएं और इसका प्रत्येक सांविधिक संशोधन या प्रतिस्थापन, और उस हद तक कंपनी अधिनियम, 1956 के प्रासंगिक प्रावधान शामिल होंगे कि इस प्रकार के प्रावधान कंपनी अधिनियम, 2013 द्वारा प्रतिस्थापित या अनधिसूचित, जैसी भी स्थिति हो, न किए गए हों।
2. अनुच्छेद 6 में नीचे दिए गए अनुसार संशोधन किया गया हैः
कंपनी ऐसी राशि के भुगतान पर जैसा कि इस अधिनियम द्वारा निर्धारित किया जा सकता है किसी भी सदस्य, ऋणपत्र-धारक या अन्य व्यक्ति को अनुरोध पर इस अधिनियम के अंतर्गत रखे जाने हेतु अपेक्षित सदस्यों के रजिस्टर, सदस्यों के सूचकांक, ऋणपत्र धारकों केरजिस्टर और सूचकांक या उसके किसी भी भाग की प्रतिलिपि भेजेगी। प्रतिलिपि,सात दिनाें की अवधि या ऐसे अन्य समय के भीतर भेजी जाएगी जैसा कि इस अधिनियम या इसके अधीन बनाए गए नियमों के अंतर्गत निर्धारित किया जा सकता है।
3. अनुच्छेद 8 में नीचे दिए गए अनुसार संशोधन किया गया हैः
इस अधिनियम के प्रावधानों और इन प्रस्तुतियों के अध्यधीन तत्समय के लिए कंपनी की पूंजी में शेयर (कंपनी की किसी भी वर्धित पूंजी के हिस्से का गठन करने वाले किन्हीं भी शेयरों सहित) निदेशकों के नियंत्रण के अधीन होंगे, जो ऐसे समय के दौरान या ऐसे विचारण के लिए जैसा कि निदेशक उचित समझेें या तो सममूल्य या प्रीमियम पर किन्हीं भी शेयरों के लिए मांग करने का किसी भी व्यक्ति या व्यक्तियों को विकल्प या अधिकार देने के लिए आम बैठक में मंजूरी के साथ ऐसे अनुपात में और ऐसे नियमों और शर्तों पर और या तो प्रीमियम पर या सममूल्य पर या (इस अधिनियम की धारा 53 के प्रावधानों के अनुपालन के अध्यधीन) छूट पर या ऐसे समय पर जैसाकि वे समय-समय पर उचित और उपयुक्त समझें ऐसे व्यक्तियों के लिए इनका या इनमें से किसी का आवंटन या अन्यथा निपटान कर सकते हैं, और कंपनी केे व्यापार के संचालन में कंपनी को बेची और हस्तांतरित की गई किसी भी संपत्ति के या प्रदान की गई किन्हीं भी सेवाओं के लिए पूर्ण या अंश में भुगतान पर कंपनी की पूंजी में से शेयर जारी और आवंटित कर सकते हैं और कोई भी शेयर,जिसे इस प्रकार आवंटित किया जा सकता है,पूरी तरह से चुकता शेयरों के रूप में जारी किया जा सकता है और यदि इस प्रकार जारी किया जाता है, तो पूरी तरह से चुकता शेयर समझा जाएगा।
बशर्ते कि शेयरों की मांग करने का विकल्प या अधिकार, आम बैठक में कंपनी की मंजूरी से छोड़कर, किसी भी व्यक्ति को नहीं दिया जाएगा।
4. अनुच्छेद 18(1) में नीचे दिए गए अनुसार संशोधन किया गया हैः
कंपनी, कंपनी के किन्हीं भी शेयरों, ऋणपत्रों या ऋणपत्र स्टॉक या कंपनी की कोई भी अन्य प्रतिभूति लेने के लिए या लेने के लिए सहमत होने के लिए (चाहे पूर्णतया या सशर्त) या कंपनी के किसी भी शेयर, ऋणपत्रों या ऋणपत्र स्टॉक या कंपनी की कोई भी अन्य प्रतिभूति खरीदने के लिए या खरीदने के लिए सहमत होने के लिए (चाहे पूर्णतया या सशर्त) किसी भी व्यक्ति को किसी भी समय कमीशन का भुगतान कर सकती है लेकिन इतना है कि यदि शेयरों के संबंध में कमीशन का भुगतान संबंधित निर्गमन या लाभ या दोनों की आय से किया जाएगा या देय होगा,तो सांविधिक शर्तों और अपेक्षाओेंं का पालन और अनुपालन किया जाएगा और कमीशन की राशि या दर इस अधिनियम द्वारा निर्धारित दरों से अधिक नहीं होगी। कमीशन नकदी में या कंपनी के शेयरों, ऋणपत्र या ऋणपत्र स्टॉक में भुगतान या तुष्ट किया जा सकता है।
5. अनुच्छेद 19 में नीचे दिए गए अनुसार संशोधन किया गया हैः
प्रतिभूतियों का हक प्रमाण पत्र दो निदेशकों या बोर्ड या उसकी समिति जैसी भी स्थिति हो सकती है द्वारा विधिवत अधि—त व्यक्तियों औरया इस प्रयोजन के लिए बोर्ड द्वारा नियुक्त कुछ अन्य व्यक्तियों की उपस्थिति में और के हस्ताक्षर युक्त कंपनी की मुहर के अंतर्गत जारी किया जाएगा। यदि बोर्ड की संरचना इसकी अनुमति देती है, तो ऊपर्युक्त दो निदेशकों में से कम से कम एक निदेशक प्रबंध निदेशक या पूर्णकालिक निदेशक से भिन्न व्यक्ति होगा। ऐसे शेयरों का प्रमाण पत्र जैसी भी स्थिति हो, शेयरों के आवंटन के मामले में आवंटन के बाद दो महीने के भीतर या अंतरण के मामले में अंतरण के विलेख की कंपनी द्वारा प्राप्ति की तिथि से एक महीने के भीतर या कंपनी द्वारा पारेषण की सूचना की प्राप्ति की तिथि से एक महीने के भीतर या ऋणपत्रों के आवंटन के मामले में ऐसे ऋणपत्रों की आवंटन की तिथि से छह महीने के भीतर इस अधिनियम में निर्धारित प्रक्रिया के अनुसार सुपुर्द इस अधिनियम की धारा 56 के प्रावधानों के अधीन होंगे।
बशर्ते हमेशा कि इस अनुच्छेद में किसी बात के होते हुए भी, शेयर/ऋणपत्र के हक का प्रमाण पत्र इस अधिनियम या इसके अंतर्गत बनाए गए नियमों के ऐसे अन्य प्रावधानों के अनुसार निष्पादित और जारी किए जा सकते हैं जैसा कि तत्समय और समय-समय पर प्रवृत्त हो सकते हैं। कई व्यक्तियों द्वारा संयुक्त रूप से धारित शेयर या शेयरों या प्रतिभूति या प्रतिभूतियों के संबंध में, कंपनी एक से अधिक प्रमाण पत्र जारी करने के लिए बाध्य नहीं होगी और कई संयुक्तधारकों में से एक को शेयरोंया प्रतिभूतियों के प्रमाण पत्र की सुपुर्दगी इस प्रकार के सभी धारकों के लिए पर्याप्तPART IV] THE GAZETTE OF INDIA, JUNE 17, 2017 (JYAISTHA 27, 1939) 1271 सुपुर्दगी होगी। उपरोक्त के होते हुए भी, प्रतिभूतियों का प्रमाण पत्र यथा संसोधित इस अधिनियम और किन्हीं भी अन्य लागू कानूनों के प्रावधानों के अनुसार जारी किया जाएगा।
6. अनुच्छेद 19A में नीचे दिए गए अनुसार संशोधन किया गया हैः
इन अनुच्छेदों में निहित किसी बात के होते हुए भी, कंपनी अपनी प्रतिभूतिया डीमैट करने और निक्षेपागार अधिनियम, 1996 के अनुसार डीमैट रूप में प्रतिभूतियों की पेशकश करने के लिए हकदार होगी। इस प्रकार से डीमैट की गई प्रतिभूतियों के संबंध में निक्षेपागार अधिनियम, 1996 के प्रावधान और प्रासंगिक विनियम लागू हाेंगे। निक्षेपागार में लेनदेन की गई प्रतिभूतियों के लिए, कंपनी ऐसी प्रतिभूतियों के आवंटन पर तुरंत निक्षेपागार को प्रतिभूतियों के आवंटन की जानकारी देगी।
7. अनुच्छेद 20 में नीचे दिए गए अनुसार संशोधन किया गया हैः
प्रत्येक सदस्य भुगतान के बिना अपने नाम पर पंजी—त प्रत्येक वर्ग या मूल्यवर्ग के सभी शेयरों के लिए एक प्रमाणपत्र के लिए या, यदि निदेशक इस प्रकार अनुमोदित करते हैं (ऐसे शुल्क या शुल्कों का भुगतान करने पर या शुल्कों के भुगतान के बिना निदेशक के विवेक पर जैसा कि निदेशक समय-समय पर निर्धारित कर सकते हैं) तो कई प्रमाण पत्रों के लिए हकदार होगा जो प्रत्येक वर्ग के एक या एक से अधिक शेयरों के लिए होंगे। शेयरों के प्रत्येक प्रमाण पत्र में ऐसे ब्यौरे होंगे और ऐसे रूप में होंगे जैसा कि यथा संसोधित कंपनियां (शेयर पूंजी और ऋणपत्र) नियम, 2014 या उसके प्रतिस्थापन या संशोधन में बनाए गए किसी भी अन्य नियम द्वारा निर्धारित है। जहां सदस्य ने अपनी होल्डिंग में शामिल शेयराें का एक हिस्सा हस्तांतरित कर दिया है, वह बिना प्रभार के शेष के लिए प्रमाण पत्र का हकदार होगा।
8. अनुच्छेद 21(1) में नीचे दिए गए अनुसार संशोधन किया गया हैः
लागू कानून के अंतर्गत निर्धारित अवधि के भीतर प्रमाण पत्र का नवीकरण किया जा सकता है या प्रमाण पत्र की प्रतिलिपि जारी की जा सकती है यदि (अ) कंपनी की संतुष्टि के लिए और ऐसी क्षतिपूर्ति के निष्पादन पर जैसा कि कंपनी पर्याप्त समझे इस प्रकार का/के प्रमाण पत्र खो गया/गए या नष्ट हो गया/गए सिद्ध हो जाते हैं, या (ब) विरूपित हो जाने या वि—त हो जाने या फट जाने या घिसपिट जाने पर या उसके पीछे की ओर बेचान या हस्तांतरण के लिए, और जगह न रह जाने पर कंपनी के समक्ष प्रस्तुत किया जाता है और कंपनी को समर्पित कर दिया जाता है। इस अनुच्छेद के अंतर्गत प्रत्येक प्रमाण पत्र शुल्क के भुगतान पर यदि निदेशक ऐसा निर्णय करते हैं, या ऐसेे शुल्क के भुगतान पर (प्रत्येक प्रमाण पत्र के लिए 50 रुपये से अधिक न हो) जैसाकि निदेशक निर्धारित करेंगे, जारी किया जाएगा।
9. अनुच्छेद 21(2) में नीचे दिए गए अनुसार संशोधन किया गया हैैः
प्रमाण पत्र के निर्गमन या नवीकरण या उसकी प्रतिलिपि के निर्गमन का तरीका, प्रमाण पत्र (मूल या नवीकृत) या उसकी प्रतिलिपि का रूप, सदस्यों के रजिस्टर में या रजिस्टर या नवीकृत प्रमाण पत्रया प्रमाण पत्र की नकल में दर्ज किए जाने वाले विवरण, ऐसे रजिस्टरों का रूप, वह शुल्क जिसके भुगतान पर, नियम और शर्तें जिस पर प्रमाण पत्र का नवीकरण किया जा सकता है या उसकी प्रतिलिपि जारी की जा सकती है, वे ऐसी होंगी जैसाकि अधिनियम और उसके अधीन बनाए गए नियम और या इस संबंध में लागू किसी अन्य अधिनियम या नियम द्वारा निर्धारित है।
प्रमाण पत्र जारी करने से संबंधित पूर्वगामी अनुच्छेदों के प्रावधान ऋणपत्र (सिवाय जहां अधिनियम अन्यथा अपेक्षा करता है) सहित किन्हीं भी अन्य प्रतिभूतियों के लिए प्रमाण पत्र जारी करने के लिए आवश्यक परिवर्तनों सहित लागू हाेंगे।
10. अनुच्छेद 27में नीचे दिए गए अनुसार संशोधन किया गया हैैः
यदि किसी भी शेयर के निर्गमन की शर्तों या अन्यथा द्वारा कोई भी राशि किसी भी निश्चित समय पर या निश्चित समय पर किस्तों द्वारा देय बनाई जाती है, चाहे नाममात्र के मूल्य के आधार पर या प्रीमियम के माध्यम से, ऐसी प्रत्येक राशि या किश्त देय होगी जैसे कि यह निदेशकों द्वारा विधिवत की गई मांग हो और जिसकी उचित सूचना दी जा चुकी है और मांग के संबंध में इसमें निहित सभी प्रावधान तदनुसार ऐसी राशि या किश्तों से संबंधित हाेंगे।
11. अनुच्छेद 28 में नीचे दिए गए अनुसार संशोधन किया गया हैैः
यदि किसी भी मांग या किस्त के संबंध में देय राशि का उसके भुगतान के लिए नियत दिन को या से पहले भुगतान नहीं किया जाता है तो तत्समय के शेयर धारक या आवंटी जिसके संबंध में मांग की गई होगी या किस्त देय होगी, ऐसी दर पर इस पर ब्याज का भुगतान करेंगे जैसा कि निदेशक इसके भुगतान के लिए नियत दिन से लेकर वास्तविक भुगतान के समय तक समय-समय पर तय करेंगे, लेकिन निदेशक पूर्ण या अंश में इस प्रकार के ब्याज का भुगतान माफ कर सकते हैं। बोर्ड के विवेकाधीन मांग रद्द या स्थगित की जा सकती है।
12. अनुच्छेद 30 में नीचे दिए गए अनुसार संशोधन किया गया हैैः
निदेशक, यदि उन्हें उपयुक्त लगता है (इस अधिनियम के प्रावधानों के अधीन) अग्रिम भुगतान करने के लिए तैयार किसी भी सदस्य से वास्तव में कॉल की गई राशि से परे उसके द्वारा धारित शेयरों पर देय संपूर्णधन या उसके किसी भी हिस्से के लिए सहमत हो सकते हैं और इसे प्राप्त कर सकते हैं और अग्रिम में इस प्रकार भुगतान या तुष्ट किए गए धन या उसके उतने भाग पर जैसा कि समय-समय पर शेयरों पर उस समय की गई मांग की राशि से अधिक1272 THE GAZETTE OF INDIA, JUNE 17, 2017 (JYAISTHA 27, 1939) [PART IV होती है जिसके संबंध में इस प्रकार का अग्रिम भुगतान किया गया है कंपनी ऐसी दर पर ब्याज का भुगतान कर सकती है जिस पर अग्रिम में ऐसी राशि का भुगतान करने वाला सदस्य और निदेशक सहमत हांेंं और निदेशक ऐसे सदस्य को लिखित में एक महीने की सूचना देकर किसी भी समय इस प्रकार अग्रिम में दी गई राशि का पुर्नभुगतान कर सकते हैं; बशर्ते कि शेयरों पर मांग के अग्रिम में भुगतान की धनराशि पर ब्याज हो सकता है लेकिन लाभांश या मुनाफे में भागीदारी करने का अधिकार नहीं प्रदान करेगी।
अग्रिम में इस प्रकार की राशि का भुगतान करने वाला कोई भी सदस्य तब तक उसके द्वारा इस प्रकार भुगतान की गई धनराशियों के संबंध में मताधिकार का हकदार नहीं होगा जब तक यह, लेकिन इस प्रकार के भुगतान के लिए, वर्तमान में देय नहीं हो जाता। इस अनुच्छेद के प्रावधान कंपनी द्वारा जारी किए गए ऋणपत्रों पर मांग के लिए आवश्यक परिवर्तनों सहित लागू हाेंगे।
13. अनुच्छेद 38 में नीचे दिए गए अनुसार संशोधन किया गया हैैः
कोई भी सदस्य जिसका शेयर जब्त कर लिया गया है, जब्ती के होते हुए भी, कंपनी को जब्ती के समय ऐसे शेयरों पर बकाया या के संबंध में सभी मांगों, किश्तों, ब्याज, खर्च और अन्य धनराशियों का जब्ती के समय से लेकर भुगतान तक ऐसी दरों पर उस पर ब्याज के साथ भुगतान करने के लिए उत्तरदायी होगा और तुरंत भुगतान करेगा जैसाकि निदेशकों द्वारा निर्धारित किया जा सकता है और निदेशक संपूर्णया उसके हिस्से का भुगतान लागू कर सकते हैं यदि उन्हें उपयुक्त लगता है, लेकिन ऐसा करने के लिए किसी भी बाध्यता के अधीन नहीं होंगे। ऐसे व्यक्ति का दायित्व समाप्त हो जायेगा यदि और जब कंपनी इन शेयरों के संबंध में इस प्रकार की समस्त धनराशि का पूरा भुगतान प्राप्त कर लेगी।
14. अनुच्छेद 39 में नीचे दिए गए अनुसार संशोधन किया गया हैैः
कंपनी का अपने पूरी तरह से भुगतान किए गए शेयरों पर कोई ग्रहणाधिकार नहीं होगा। प्रत्येक सदस्य के नाम पर पंजी—त (चाहे पूरी तरह से या किसी अन्य या दूसरों के साथ संयुक्त रूप से हो)आंशिक रूप से चुकता शेयरों/ऋणपत्र के मामले में और उसकी बिक्री की प्राप्तियों पर, ऐसे शेयरों/ऋणपत्रों के संबंध में निश्चित समय पर मांगे गए या देय (चाहे वर्तमान में देय हो या नहीं) सभी धनराशियों के लिए केवल कंपनी का पहला और सर्वोपरि ग्रहणाधिकार होगा और किसी भी शेयर में कोई भी समता योग्य ब्याज सृजित नहीं होगा सिवाय इस फुटिंग और शर्त पर कि इस अनुच्छेद का पूरा प्रभाव होगा। ऐसी कोई भी ग्रहणाधिकार इस अधिनियम के प्रावधानों के अधीन ऐसे शेयरों के संबंध में समय-समय पर घोषित सभी लाभांशोतक विस्तारित होगा। जब तक अन्यथा स्वीकृत न हो, शेयरों/ऋणपत्रों के हस्तांतरण का पंजीकरण ऐसे शेयरों/ऋणपत्रों पर कंपनी के ग्रहणाधिकार, यदि कोई हो, की माफी के रूप में काम करेगा बशर्ते कि बोर्ड किसी भी समय किन्हीं भी शेयरों/ऋणपत्रों को इस धारा के प्रावधानों से पूरी तरह से या आंशिक रूप से मुक्त घोषित कर सकता है।
15. अनुच्छेद 48 में नीचे दिए गए अनुसार संशोधन किया गया हैैः
पंजीकरण के लिए विधिवत मोहर युक्त हस्तांतरण का प्रत्येक विलेख संबंधित शेयर प्रमाणपत्रों और इस प्रकार के साक्ष्य के साथ जैसाकि बोर्ड अंतरणकर्ता की हकदारी, शेयरों का हस्तांतरण करने का उसका अधिकार सिद्ध करने के लिए अपेक्षा कर सकता है और आम तौर पर ऐसी शर्तों और विनियमों के अंतर्गत और अधीन जैसाकि बोर्ड समय समय पर निर्धारित करेगा, निष्पादन की तिथि से साठ दिनों की अवधि या ऐसी कम अवधि के भीतर जैसा कि लागू कानून के अंतर्गत निर्धारित किया जा सकता है, कंपनी के समक्ष प्रस्तुत किया जाएगा, और हस्तांतरण का प्रत्येक पंजी—त विलेख कानून के प्रावधानों के अधीन निदेशक मंडल के आदेश से नष्ट किए जाने तक कंपनी की अभिरक्षा में बना रहेगा।
16. अनुच्छेद 51 में नीचे दिए गए अनुसार संशोधन किया गया हैैः
इस अधिनियम के प्रावधानों के अधीन, इस अनुच्छेद के अनुसार हस्तांतरण से भिन्न किसी अन्य कानूनी तरीके से किसी सदस्य की मृत्यु, पागलपन, दिवाला, दिवालियापन या परिनिर्धारण के परिणामरूवरूप शेयरों के लिए हकदार बनने वाला कोई भी व्यक्ति ऐसा साक्ष्य प्रस्तुत किए जाने पर जैसा कि समय-समय पर उचित रूप से बोर्ड द्वारा अपेक्षित हो सकता है और जैसा कि इसके आगे प्रावधान किया गया है विषयाधीन या तो (अ) शेयर धारक के रूप में खुद को पंजी—त कराने हेतु; या (ब) शेयर का ऐसा हस्तांतरण करने के लिए जैसा कि मृतक या दिवालिया सदस्य ने किया होता, चुनाव कर सकता है। बोर्ड के पास, दोनों ही मामले में, पंजीकरण ठुकराने या निलंबित करने का वही अधिकार होगा, जैसाकि उसके पास होता यदि मृतक या दिवालिया सदस्य ने अपनी मृत्यु या दिवालिएपन से पहले शेयर हस्तांतरित किया होता।
बशर्ते फिर भी, जो व्यक्ति अपने नामिति पंजी—त करवाने का चुनाव करेगा अपने नामिति के पक्ष में इसमें निहित प्रावधानों के अनुसार हस्तांतरण का विलेख निष्पादित करके चुनाव की गवाही देगा, और जब तक वह ऐसा नही करेगा, वह शेयरों के संबंध में किसी भी दायित्व से मुक्त नहीं होगा।
17. अनुच्छेद 54 में नीचे दिए गए अनुसार संशोधन किया गया हैैः
बोर्ड के पास प्रत्येक वर्ष में, एक बार में तीस दिन से अनधिक और कुल पैंतालीस दिन से अनधिक या ऐसी अपेक्षकृत कम अवधि के/की, जैसाकि लागू कानून के अंतर्गत निर्धारित किया जा सकता है,ऐसे समय या समयों पर और ऐसीPART IV] THE GAZETTE OF INDIA, JUNE 17, 2017 (JYAISTHA 27, 1939) 1273 अवधि या अवधियों के लिए हस्तांंतरण बही, सदस्य का रजिस्टर या ऋणपत्र धारकों का रजिस्टर बंद करने के लिए जिले के प्रमुख स्थानीय भाषा में और उस स्थान पर व्यापक प्रसार रखने वाले भाषाई समाचार पत्र में जहां कंपनी का पंजी—त कार्यालय स्थित है, उस जिले में वितरित होने वाले और उस स्थान में व्यापक प्रसार रखने वाले जहां कंपनी का पंजी—त कार्यालय स्थित है, अंग्रेजी समाचार पत्र में अंग्रेजी भाषा में, कम से कम एक बार विज्ञापन द्वारा ऐसे ढंग से जैसाकि निर्धारित किया जा सकता है, कम से कम सात दिन की या ऐसी अपेक्षाकृत कम अवधि की, जैसाकि लागू कानून के अंतर्गत निर्धारित किया जा सकता है पूर्व सूचना देने की और वेबसाइट पर जैसा कि केंद्र सरकार द्वारा अधिसूचित किया जा सकता है और कंपनी की वेबसाइट पर सूचना प्रकाशित करने की शक्ति होगी।
18. अनुच्छेद 55 में नीचे दिए गए अनुसार संशोधन किया गया हैैः
यथा संशोधित इस अधिनियम, इन अनुच्छेदों और किसी अन्य लागू कानून के प्रावधानों के अधीन, बोर्ड, अपने पूर्ण विवेक पर कंपनी के किन्हीं भी शेयरों, चाहे पूरी तरह से चुकताहाें या नहीं, या इसमें सदस्य के हित या ऋणपत्रों के अधिकार का हस्तांतरण या कानून की संक्रिया द्वारा पारेषण पंजीकृत करने या स्वीकार करने सेइन अनुच्छेदों के अंतर्गत या अन्यथा कंपनी की किसी भी शक्ति के अनुसार कारण सहित मना कर सकता है, और अस्वीकार करने का अधिकार इन परिस्थितियों से प्रभावित नहीं होगा कि प्रस्तावित अंतरिती पहले से ही कंपनी का सदस्य है लेकिन इस प्रकार के मामलोेंं में, कंपनी उस तिथि से जिस तिथि को हस्तांतरण के विलेख, या इस प्रकार के पारेषण, जैसी भी स्थिति हो, की सूचना कंपनी को दी गई थी तीस दिनों या ऐसी अवधि के भीतर जैसाकि लागू कानून के अंतर्गत निर्धारित किया जा सकता है, अंतरिती और अंतरणकर्ता को या ऐसे पारेषण की सूचना देने वाले व्यक्ति को जैसी भी स्थिति हो, इस प्रकार की अस्वीकृति के लिए कारण देते हुए अस्वीकृति की सूचना भेजेगी।
बशर्ते कि हस्तांतरण का पंजीकरण, सिवाय जहां कंपनी का शेयरों पर ग्रहणाधिकार है, किसी भी आधार पर चाहे जो भी हो कंपनी के प्रति अंतरणकर्ता के अकेले या किसी/किन्हीं अन्य व्यक्ति/व्यक्तियों के साथ संयुक्त रूप से ऋणी होने के आधार पर इनकार नहीं किया जाएगा। हस्तांतरण चाहे जिस भी लॉट में हो मना नहीं किया जाएगा।
19. अनुच्छेद 58 में नीचे दिए गए अनुसार संशोधन किया गया हैैः
इन प्रस्तुतियोंमें कुछ का भी यथा संशोधित इस अधिनियम के प्रावधानों, इन अनुच्छेदों और प्रतिभूति अनुबंध (विनिमय) (स्टॉक एक्सचेंज और क्लियरिंग कार्पोरेशन) विनियम, 2012 के अधीन किन्हीं भी शेयरों का पंजीकरण मना करने की कंपनी की शक्तियों पर प्रतिकूल नहीं प्रभाव होगा।
20. अनुच्छेद 64 में नीचे दिए गए अनुसार संशोधन किया गया हैैः
आम बैठक में कंपनी के प्रस्ताव की मंजूरी के साथ निदेशक किन्हीं भी चुकता शेयरों को स्टॉक में परिवर्तित कर सकते हैं और किसी भी मूल्यवर्ग के चुकता शेयरों में सभी या किसी भी स्टॉक को परिवर्तित कर सकते हैं। कोई भी शेयर स्टॉक में परिवर्तित कर दिए जाने पर इस प्रकार के स्टॉक के कई धारक उसके बाद से अपना संबंधित हित उसमें या उसी तरीके से और उन्हीं विनियमों के अधीन इस प्रकार के हित का कोई भाग हस्तांतरित कर सकते हैं और जिसके अधीन कंपनी की पूंजी में पूरी तरह से चुकता शेयर हस्तांतरित या यथा उसके निकट किए जा सकते हैं जैसा कि परिस्थितियां स्वीकार करें।
21. अनुच्छेद 67 में नीचे दिए गए अनुसार संशोधन किया गया हैैः
जहां किसी भी समय बोर्ड या कंपनी के सदस्य, जैसी भी स्थिति हो सकती है, आगे और शेयरों के निर्गमनद्वारा सदस्यता पूंजी बढ़ाने के लिए प्रस्ताव कर सकते हैं तब ऐसे शेयरों की इस अधिनियम की धारा 62 और उसके अंतर्गत बनाए गए नियमों के प्रावधानों के अधीन पेशकश की जाएगी।
22. अनुच्छेद 67(अ)(i) में नीचे दिए गए अनुसार संशोधन किया गया हैैः
(ए)(i) ऐसे व्यक्तियों को जो प्रस्ताव की तिथि को नीचे (ii) से (iv) में उल्लखित शर्तों के अधीन प्रस्ताव का पत्र भेज कर उन शेयरों पर चुकता शेयर पूंजी के लगभग उतने अनुपात में जितना परिस्थितियां स्वीकार करती है कंपनी के इक्विटी शेयरों के धारक हैंः-
23. अनुच्छेद 67(ए)(ii) में नीचे दिए गए अनुसार संशोधन किया गया है और 67 (1)ए(ii) के रूप में पुर्नसंख्यांंिकत किया गया हैः
उपर्युक्त प्रस्ताव प्रस्ताव किए गए शेयरों की संख्या निर्दिष्ट करने वाली और प्रस्ताव की तिथि से पंद्रह दिन से कम नहीं और तीस दिन से अधिक नहीं समय पर सीमित करने वाली सूचना द्वारा किए जाएंगे, जिसके भीतर यदि प्रस्ताव स्वीकार नहीं किया जाता है,तो मना कर दिया गया समझा जाएगा;
24. अनुच्छेद 67ए(iv) में नीचे दिए गए अनुसार संशोधन किया गया है और 67(1)ए(iv) के रूप में पुर्नसंख्यांकित किया गया हैः
पूर्वोक्त सूचना में निर्धारित समय की समाप्ति के बाद या जिस व्यक्ति को इस प्रकार की सूचना दी गई है उससे पूर्व सूचना मिलने पर कि वह व्यक्ति प्रस्ताव किए गए शेयर अस्वीकार करता है, निदेशक मंडल उनका ऐसे ढंग से निपटान कर सकते हैं कि जो शेयरधारकों और कंपनी के लिए हानिकर न हो;
1274 THE GAZETTE OF INDIA, JUNE 17, 2017 (JYAISTHA 27, 1939) [PART IV25. अनुच्छेद 67(बी) में नीचे दिए गए अनुसार संशोधन किया गया हैै और 67(2) के रूप में पुर्नसंख्यांकित किया गया हैः
धारा (1)(ए) की उपधारा (iii) में कुछ भी को नहीं समझा जाएगाः -
(i) समय का विस्तार करने वाला जिसके भीतर प्रस्ताव स्वीकार किया जाना चाहिए; या
(ii) इस आधार पर दूसरी बार परित्याग के अधिकार का प्रयोग करने के लिए किसी भी व्यक्ति को अधि—त करने वाला कि वह व्यक्ति जिसके पक्ष में पहली बार परित्याग किया गया था ने परित्याग में समझौता किए गए शेयरों को लेने से मना कर दिया है।
26. अनुच्छेद 71(ए) में नीचे दिए गए अनुसार संशोधन किया गया हैः
कंपनी आम बैठक में साधारण संकल्प द्वारा अपने ज्ञापन की शर्तों में इस प्रकार बदलाव कर सकती हैः -
(अ) अपने मौजूदा शेयरों की तुलना में बड़ी राशि के शेयरों में अपनी सारा या कोई शेयर पूंजी समेकित और विभाजित करना; बशर्ते कि कोई भी समेकन और विभाजन जिसका परिणाम शेयरधारकों के मतदान प्रतिशत में परिवर्तन होता है, तब तक नहीं प्रभावी होगा जब तक निर्धारित तरीके से किए गए आवेदन पर राष्ट्रीय कंपनी कानून न्यायाधिकरण द्वारा इसे मंजूरी नहीं दी जाती है।
27. अनुच्छेद 76 में नीचे दिए गए अनुसार संशोधन किया गया हैः
कोई भी बंधपत्र, ऋणपत्र, ऋणपत्र स्टॉक या अन्य ऋण प्रतिभूतियां छूट, प्रीमियम या अन्यथा पर निर्गमित की जा सकती हैं और इस शर्त पर निर्गमित की जा सकती हैं कि वे किसी भी मूल्यवर्ग के शेयरों में और/या विमोचन, समर्पण, आहरण, शेयरों के आवंटन, कंपनी की आम बैठक में भाग लेने, निदेशकों की नियुक्ति और अन्यथा के संबंध में किसी विशेष विशेषाधिकार के साथ परिवर्तनीय होंगे, केवल विशेष प्रस्ताव द्वारा आम बैठक में कंपनी की सहमति से ही शेयरों में रूपांतरण के अधिकार के साथ ऋणपत्र जारी किए जाएंगे या शेयरों का आवंटन जारी किया जाएगा।
28. अनुच्छेद 80(बी) में नीचे दिए गए अनुसार संशोधन किया गया हैः
प्रत्येक वार्षिक आम बैठक उस दिन को जो राष्ट्रीय अवकाश नहीं होगा व्यापारिक घंटाें के दौरान यानी 9 बजे सुबह से लेकर 6 बजे शाम के बीच के समय के लिए बुलाई जाएगी, और या तो कंपनी के पंजी—त कार्यालय में या शहर के भीतर कुछ अन्य स्थानों पर जहां पंजी—त कार्यालय स्थित है आयोजित की जाएगी और बैठक बुलाने वाली सूचना इसे वार्षिक आम बैठक के रूप में निर्दिष्ट करेगी।
29. अनुच्छेद 82(एफ) में नीचे दिए गए अनुसार संशोधन किया गया हैः
यदि बोर्ड, किसी भी प्रकरण के संबंध में वैध अनुरोध जमा होने की तिथि से इक्कीस दिनों के भीतर, अनुरोध के जमा होने से पैंतालिस दिनों से बाद नहीं दिन को उन प्रकरणों के विचारण के लिए बैठक बुलाने के लिए विधिवत आगे नहीं बढ़ता है तो, अनुरोध की तिथि से तीन महीने की अवधि के भीतर अनुरोधकर्ताओं द्वारा बैठक बुलाई और आयोजित की जा सकती है जो या तो उन सभी के द्वारा धारित चुकता शेयर पूंजी के मूल्य में बहुमत का या कंपनी की ऐसी चुकता शेयर पूंजी के दसवें भाग से कम नहीं जैसाकि धारा (डी) में संदर्भित है जो भी कम हो, का प्रतिनिधित्व करते हैं। हालांकि, इस धारा के प्रयोजन के लिए बोर्ड बैठक की स्थिति में जिसमें प्रस्ताव विशेष प्रस्ताव के रूप में रखे जाने हेतु प्रस्तावित हैं, इसकी ऐसी सूचना देगा जैसा कि इस अधिनियम द्वारा अपेक्षित है;
30. अनुच्छेद 83(बी) में नीचे दिए गए अनुसार संशोधन किया गया हैः
धारा (ए) में निर्दिष्ट अवधि की तुलना में संक्षिप्त सूचना देकर आम बैठक बुलाई जा सकती है यदि ऐसी बैठक में मतदान करने के लिए हकदार पंचानबे प्रतिशत सदस्यों से कम नहीं द्वारा लिखित रूप में या इलेक्ट्रॉनिक मोड से इसकी सहमति दी जाती है;
बशर्ते कि जहां कंपनी का कोई भी सदस्य बैठक में लाए जाने वाले केवल कुछ ही प्रस्तावों पर न कि दूसरों पर मतदान करने का हकदार हैं, उन सदस्यों का पूर्व प्रस्ताव या प्रस्तावों के संबंध में न कि अवरौक्त के संबंध में इस उपधारा के प्रयोजनों के लिए ध्यान रख जाएगा।
31. अनुच्छेद 84(बी) में नीचे दिए गए अनुसार संशोधन किया गया हैः
कंपनी की प्रत्येक बैठक की सूचना दी जाएगी
(i) कंपनी के प्रत्येक सदस्य, किसी भी मृतक सदस्य के कानूनी प्रतिनिधि या दिवालिया सदस्य के समनुदेशिती को
(ii) कंपनी के प्रत्येक निदेशक को,
(iii) कंपनी के किसी भी सदस्य या सदस्यों के मामले में इस अधिनियम की धारा 20 द्वारा अधि—त किसी भी तरीके से कंपनी के तत्समय लेखा परीक्षक या लेखा परीक्षकों को;
PART IV] THE GAZETTE OF INDIA, JUNE 17, 2017 (JYAISTHA 27, 1939) 127532. अनुच्छेद 85(ए)(i) में नीचे दिए गए अनुसार संशोधन किया गया हैः
वार्षिक आम बैठक के मामले में निम्नोक्त से संबंधित कार्रवाईयों के अपवाद के साथ बैठक में संव्यवहार की जाने वाली सभी कार्रवाईयां विशेष समझी जाएंगीः
वित्तीय विवरण और निदेशक मंडल और लेखा परीक्षकों के प्रतिवेदन का विचारण;
33. अनुच्छेद 85(सी) में नीचे दिए अनुसार संशोधन किया गया हैः
जहां बैठक में संव्यवहार की जाने वाली सभी कार्रवाई की कोई भी मद उपरोक्तानुसार विशेष मानी जाती है, वहाँ बैठक की सूचना से उसमें प्रत्येक निदेशक और प्रबंधक, यदि कोई हो, प्रत्येक अन्य प्रमुख प्रबंधकीय कर्मी और इस प्रकार के निदेशक के रिश्तेदार, प्रबंधक और प्रमुख प्रबंधकीय कर्मी के विशेष रूप से संबंध या हित की प्र—ति सहित कार्रवाई की इस प्रकार की प्रत्येक मद से संबंधित सभी तथ्य स्थापित करने, वाला विवरण संलग्न होगा।
बशर्ते कि जहां कंपनी की बैठक में संव्यवहार की जाने वाली उपरोक्तानुसार विशेष कार्रवाई की कोई भी मद किसी अन्य कंपनी से संबंधित है, या प्रभावित करती है, वहां कंपनी के प्रत्येक निदेशक प्रबंधक, यदि कोई हो, और प्रत्येक अन्य प्रमुख प्रबंधकीय कर्मी का उक्त दूसरी कंपनी में शेयरधारिता हित की हद को भी विवरण में निर्धारित किया जाएगा यदि इस प्रकार के शेयरधारिता की हद उक्त दूसरी कंपनी की चुकता पूंजी के दो प्रतिशत से कम नहीं है।
34. अनुच्छेद 87 में नीचे दिए गए अनुसार संशोधन किया गया हैः
(1) जहां इस अधिनियम में या इन प्रस्तुतियों में निहित किसी भी प्रावधान द्वारा, किसी भी प्रस्ताव की विशेष सूचना अपेक्षित है, प्रस्ताव लाने के इरादे की सूचना उस बैठक जिसमें इसे लाया जाना है, उस दिन जिस दिन सूचनादी जाती है या दी गई समझी जाती है और बैठक के दिन को छोड़कर, से तीन महीने पहले नहीं, लेकिन कम से कम चौदह दिन पहले सदस्यों की ऐसी संख्या द्वारा कंपनी को दी जाएगी जैसा कि इस अधिनियम के अंतर्गत निर्धारित है।
(2) कंपनी द्वारा इस प्रकार का कोई प्रस्ताव लाए जाने के इरादे की सूचना प्राप्त किए जाने के तुरंत बाद कंपनी अपने सदस्यों को उसी तरीके से प्रस्ताव की सूचना देगी जैसे वह बैठक की सूचना देती है, या यदि यह साध्य नहीं है, तो बैठक से सात दिन से कम नहीं पहले या तोे इस अधिनियम के अंतर्गत निर्धारित तरीके से या इन प्रस्तुतियों द्वारा अनुमत किसी अन्य विधा से समाचार पत्र में विज्ञापन द्वारा उन्हें इसकी सूचना देगी और इस प्रकार की सूचना वेबसाइट पर भी डाली जाएगी।
35. अनुच्छेद 88 में नीचे दिए अनुसार संशोधन किया गया हैः
इस अधिनियम की धारा 103 के प्रावधानों के अधीन, व्यक्तिगत रूप से उपस्थित पांच सदस्य आम बैठक के लिए कोरम हाेंगे और तब तक किसी भी आम बैठक में कोई कार्यवाही नहीं की जाएगी जब तक कि कार्रवाई के प्रारंभ में अपेक्षित कोरम,जैसाकि इस अधिनियम में प्रावधान किया गया है, उपस्थित नहीं होगा।
36. अनुच्छेद 91 में नीचे दिए अनुसार संशोधन किया गया हैः
यदि आम बैठक के आयोजन के लिए नियत समय के बाद आधे घंटे के भीतर कोरम उपस्थित नहीं होता है तो बैठक यदि शेयरधारकों की माँग पर शुरू की गईः भंग कर दी जाएगी और किसी भी अन्य मामले मेंअगले सप्ताह उसी दिन के लिए; उसी समय और स्थान पर या इस प्रकार के दूसरे दिन के लिए और ऐसे समय और स्थानों पर जैसाकि निदेशक निर्धारित कर सकते हैं स्थगित बनी रहेगी। यदि ऐसी स्थगित बैठक में भी कोरम बैठक आयोजित करने के लिए नियत समय से आधे घंटे के भीतर उपस्थित नहीं होता है तो उपस्थित सदस्य कोरम हाेंगे और वह कार्यवाही कर सकते हैं जिसके लिए बैठक बुलाई गई थी। हालांकि, स्थगित बैठक या दिन, समय या बैठक की जगह के परिवर्तन के मामले में कंपनीया तो व्यक्तिगत रूप से या इस ढंग से समाचार पत्र में विज्ञापन प्रकाशित करके जैसा कि इस अधिनियम के अंतर्गत निर्धारित है सदस्यों को तीन दिनों से कम नहीं की सूचना देगी।
37. अनुच्छेद 93 में नीचे दिए अनुसार संशोधन किया गया हैः
किसी भी आम बैठक में बैठक के मतदान के लिए रखा गया प्रस्ताव हाथ दिखाकर निर्णीत होगा, जब तक कि इसके आगे वर्णित तरीके से मतदान (हाथ दिखाने पर परिणाम की घोषणा से पहले या पर) की मांग नहीं की जाती है या मतदान इलेक्ट्रॉनिक रूप से नहीं संचालित किया जाता है, और जब तक इस प्रकार के मतदान की मांग नहीं की जाती है, अध्यक्ष द्वारा घोषणा कि प्रस्ताव, हाथों के प्रदर्शन पर, संचालित किया गया है या सर्वसम्मति से या विशेष बहुमत से संचालित किया गया, या गिर गया है और कंपनी की कार्यवाही की किताब में उक्त प्रभाव के लिए प्रविष्टिइस तथ्य या इस प्रकार के प्रस्ताव के विरूद्ध निर्णायक साक्ष्य होगी।
38. अनुच्छेद 94(ए)(ii) में नीचे दिए गए अनुसार संशोधित किया गया हैः
जिस पर पांच लाख रुपये से कम नहीं की कुल राशि चुकता की गई है।
1276 THE GAZETTE OF INDIA, JUNE 17, 2017 (JYAISTHA 27, 1939) [PART IV39. अनुच्छेद 97(ए) में नीचे दिए गए अनुसार संशोधित किया गया हैः
जहां मतदान लिया जाना है, बैठक का अध्यक्ष इस ढंग से मतदान में दिए गए मतों की जांच करने के लिए और उस पर उसे प्रतिवेदन देने के लिए दो जांचकर्ता नियुक्त करेगा जैसाकि इस अधिनियम के अंतर्गत निर्धारित किया गया है।
40. अनुच्छेद 103 में नीचे दिए गए अनुसार संशोधित किया गया हैः
कोई भी सदस्य कंपनी से इस निमित्त उसके द्वारा अनुरोध किए जाने के सात कार्यदिवसों के भीतर इस प्रकार के प्रभारोंं पर जैसाकि इस अधिनियम के अंतर्गत निर्धारित किया जा सकता है उपर्युक्त किसी भी विवरण की प्रति प्रस्तुत किए जाने के लिए हकदार होगा।
41. अनुच्छेद 116 में नीचे दिए गए अनुसार संशोधन किया गया हैः
जब तक कंपनी के सदस्यों की समान्य वैठक द्वारा अन्यथा नहीं निर्धारित किया जाता है, निदेशकों की संख्या लोकहित निदेशकों, शेयरधारक निदेशकों (कर्मचारी निदशकों सहित) और प्रबंध निदेशक को शामिल करते हुए तीन से कम और बारह से अधिक नहीं होगी और निदेशकों की संख्या विशेष प्रस्ताव पारित करने के बाद पंद्रह से परे बढ़ाई जा सकती है।
42. अनुच्छेद 116ए में नीचे दिए गए अनुसार संशोधन किया गया हैः
इन अनुच्छेदों में निहित बातों के विपरीत कुछ होते हुए भी लागू सीमा तक भारतीय प्रतिभूति एवं विनिमय बोर्ड (सूचीबद्धता दायित्वऔर प्रकटीकरण अपेक्षाएंं) विनियम, 2015 के कुछ प्रावधानों सहित बोर्ड की संरचना, निदेशकों, मुख्य कार्यकारी अधिकारी की नियुक्ति के तरीके से संबंधित सामान्य अपेक्षाओंं, आचार संहिता और कंपनी के शासन से संबंधित अन्य आनुषंगिक और पारिणामिक मामलों के संबंध में समय-समय पर सेबी द्वारा जारी किए गए और/या नियमों में प्रावधान किए गए निर्देशों का पालन किया जाएगा।
43. अनुच्छेद 120 में नीचे दिए गए अनुसार संशोधन किया गया हैः
(i) इस अधिनियम की धारा 161के अधीन, निदेशक मंडल भारत जिसमें बोर्ड की बैठकें आमतौर पर आयोजित की जाती है से तीन महीने से कम नहीं की अवधि के लिए निदेशक की अनुपस्थिति के दौरान उसके सुझाव पर या अन्यथा निदेशक (इसके आगे से इस अनुच्छेद में 'मूल निदेशक' कहा जाएगा) के लिए कार्य करने के लिए वैकल्पिक निदेशक नियुक्त कर सकता है।
(ii) धारा (ए) के अंतर्गत नियुक्त वैकल्पिक निदेशक उस मूल निदेशक के लिए अनुमत अवधि की तुलना में लंबी अवधि के लिए पद धारण नहीं करेगा जिसकी जगह पर उसेे नियुक्त किया गया है और पद छोड़ देगा यदि और जब भी मूल निदेशक भारत लौटेगा।
(iii) यदि मूल निदेशक का कार्यकाल उसके भारत में इस प्रकार वापस लौटने से पहले निर्धारित किया गया है तो एक और नियुक्ति के चूक में अवकाश ग्रहण करने वाले निदेशकों की स्वतः पुनर्नियुक्ति के लिए कोई भी प्रावधान मूल निदेशक न कि वैकल्पिक निदेशक के लिए लागू होगा।
44. अनुच्छेद 127(1) में नीचे दिए गए अनुसार संशोधन किया गया हैः
इस अधिनियम की धारा 164 के प्रावधान के अधीन, निदेशक का पद खाली हो जाएगा यदिः
(अ) वह अस्वस्थ चित्त का है और सक्षम क्षेत्राधिकार की अदालत द्वारा ऐसा घोषित बना हुआ है;
(ब) उसने दिवालिया ठहराए जाने के लिए आवेदन किया है और उसका आवेदन लंबित है; या
(स) वह अनुन्मोचित दिवालिया है, या
(ग) उसे किसी भी अपराध का अदालत ने दोषी ठहराया है,चाहे नैतिक अधमता याअन्यथा शामिल हों; और इसके संबंध में छह महीने से कम नहीं के कारावास से दण्डित किया गया हैऔर सजा की समाप्ति की तिथि से पांच साल की अवधि नहीं बीती है;या
(क) अदालत या न्यायाधिकरण द्वारा निदेशक के रूप में नियुक्ति के लिए उसे अयोग्य ठहराने वाला आदेशपारित किया गया है और प्रवृत्त है;
(ख) उसने चाहे अकेले या संयुक्त रूप से दूसरों के साथ अपने द्वारा धारित कंपनी के शेयरों के संबंध में किसी भी मांग का भुगतान नहीं किया है, और इस प्रकार की मांग के भुगतान के लिए निश्चित अंतिम तिथि से छह महीने बीत गए हैं।
(ग) उसे पिछले पांच पूर्ववर्ती वर्षों के दौरान किसी भी समय इस अधिनियम की धारा 188 के अंतर्गत संबंधित पक्ष संव्यवहार से संबंधित अपराध का दोषी ठहराया गया है; या
(घ) उसने इस अधिनियम की धारा 152 की उपधारा (3) का पालन नहीं किया है।
PART IV] THE GAZETTE OF INDIA, JUNE 17, 2017 (JYAISTHA 27, 1939) 127745. अनुच्छेद 127(2) में नीचे दिए गए अनुसार संशोधन किया गया हैः
उप-अनुच्छेद (आई) की धारा(डी),(ई) और (जी)में निहित किसी बात के होते हुए भीउन धाराओं में संदर्भित अयोग्यता प्रभावी नहीं होगीः
(अ) दोषसिद्धि या अयोग्यता के आदेश की तिथिसे तीस दिनों के लिए;
(ब) (ब) जहां दण्ड या आदेश मे परिणत हाने वालेया दोषसिद्धि के विरूद्ध उपरोक्तानुसारतीस दिनों के भीतर कोई अपील या याचिका अधिमानित की जाती है। उस तिथि से सात दिन की समाप्ति तक जिस तिथि को ऐसी अपील या याचिका का निपटारा किया जाता है; या
(स) जहां सात दिनों के भीतर आदेश या दण्ड के विरूद्ध पुनः अपील या याचिका अधिमनित की जाती है, ऐसी पुनः अपील या याचिका का निपटारा होने तक।
46. अनुच्छेद 128(सी)(ii) में नीचे दिए गए अनुसार संशोधन किया गया हैः
ऐसा कोई भी सामान्य नोटिस उस वित वर्ष के अंत में समाप्त हो जाएगा जिसमें उसे दिया गया है, लेकिन प्रत्येक वित्तिय वर्ष में आयोजित बोर्ड की बैठक में नया नोटिस देकर एक वित वर्ष की अतिरिक्त अवधि के लिए नवीकृत किया जा सकता है।
47. अनुच्छेद 137(1) में नीचे दिए गए अनुसार संशोधन किया गया हैः
कोई भी व्यक्ति, अवकाश ग्रहण करने वाले निदेशक नहीं, किसी भी आम बैठक में निदेशक के पद के लिए चुनाव के लिए पात्र नही होंगा, जब तक कि उसने या उसे प्रस्तावित करने के लिए इच्छुक कुछ अन्य सदस्यों ने बैठक से कम से कम चौदह दिन पहले निदेशक के पद के लिए अपनी उम्मीदवारीयाएक लाख रुपये की राशि की जमा के साथ उक्त पद के लिए उम्मीदवार के रूप में उसे प्रस्तावित करने वाले ऐसे सदस्य का इरादादर्शाने वाली सूचना अपनी हस्तलिपि में कार्यालय में छोड़ नहीं दिया हैजिसे ऐसे व्यक्ति को या जैसी स्थिति हो सकती है ऐसे सदस्य को वापस लौटा दिया जाएगा, यदि वह व्यक्ति निदेशक के रूप में निर्वाचित होने में सफल होता है।
48. अनुच्छेद 137(2) में नीचे दिए गए अनुसार संशोधन किया गया हैः
कंपनी बैठक से सात दिनों से कम नहीं पहलेसदस्यों को अलग-अलग सूचना देने के लिएनिदेशक के पदके लिए व्यक्ति की उम्मीदवारी की या उक्त पद के लिए उम्मीदवार के रूप में ऐसे व्यक्ति का प्रस्ताव करने वाले सदस्य के इरादे की अपने सदस्यों को सूचना देगी। बशर्ते कि उपरोक्तानुसार सदस्यों को अलग-अलग सूचना देना कंपनी के लिए आवश्यक नहीं होगा यदि कंपनी उस स्थान पर जहां कंपनी का पंजी—त कार्यालय स्थित है, वितरित होने वाले कम से कम दो समाचार पत्रों में, जिनमें से एक अंग्रेजी भाषा में और दूसरा उस जगह की स्थानीय भाषा में प्रकाशित होता है बैठक से सात दिनों से कम नहीं पहले इस प्रकार की उम्मीदवारी या इरादे का विज्ञापन देती है।
49. अनुच्छेद 140 में नीचे दिए गए अनुसार संशोधन किया गया हैः
निदेशक मण्डलकार्यवाही के संचालनके लिएबैठक कर सकता है, अपनी बैठकें और कार्यवाहियां स्थगित या अन्यथा विनियमित कर सकता हैं,जैसा वे उचित समझें, हालांकि बशर्ते कि प्रतिवर्ष निदेशक मण्डल की इस ढंग से इस तरह की न्युनतम चार बैठके होंगी कि बोर्ड की लगातार दो बैठको के बीच 120 (एक सौ बीस) से अधिक नहीं दिनों का अंतर नही होगा।
50. अनुच्छेद 142 में नीचे दिए गए अनुसार संशोधन किया गया हैः
कम्पनी के बोर्ड की प्रत्येक बैठक का नोटिस कम्पनी के पास दर्ज उसके पते पर सात दिन से कम नहीं का नोटिसदेकर लिखित में दिया जाएगा।
51. अनुच्छेद 145 में नीचे दिए गए अनुसार संशोधन किया गया हैः
कम्पनी के निदेशकों की बैठक के लिए कोरम उसकी कुल सदस्य संख्या का एक तिहाई होगा (उक्त एक तिहाई में निहित कोई भी भिन्नात्मक संख्या राउंड ऑफ करके एक मानी जाएगा) या दो निदेशक होंगे, जो भी अधिक हो, और विडियो कॉन्फ्रेंिसंग या अन्य दृश्य-श्रव्य माध्यमों द्वारा निदेशकों की भागीदारी को भी कोरम के प्रयोजन के लिए गिना जाएगा, बशर्ते कि जब किसी भी बैठक में रूची लेने वाले निदेशकों की संख्या कुल संख्या के दो तिहाई से अधिक या बराबरहोगी तो ऐसे स्थिति में रूचि न रखने वाले निदेशक जो दो से कम नहीं संख्या में बैठक में उपस्थित होंगे ऐसे समय के दौरान कोरम होंगे, और बशर्ते कि जब निदेशक के साथ या किसी फर्म के साथ जिसका निदेशक सदस्य है या किसी निजी कम्पनी के साथ जिसका निम्नोक्त के लिए निदेशक सदस्य है, कम्पनी द्वारा या कम्पनी की ओर से कोई अनुबंध या व्यवस्था की जाएगा, तो उपर्युक्त परंतु लागू नहीं होगा।
क) कम्पनी के शेयरों या ऋणपत्रों का बीमांकन या सब्सक्रिप्शन; या
ख) किसी अन्य कम्पनी के शेयरों या ऋणपत्रों की खरीद या बिक्री; या1278 THE GAZETTE OF INDIA, JUNE 17, 2017 (JYAISTHA 27, 1939) [PART IV ग) कम्पनी द्वारा ऋण।
इस अनुच्छेद के प्रयोजन के लिए :-
(i) "कुल संख्या" से आशय निदेशकों की कुल संख्या से ऐसे निदेशकों की संख्या घटाने के बाद जिनका स्थान तत्समय रिक्त हो सकता है इस अधिनियम के अनुसार यथा निर्धारित कम्पनी के निदेशकों की कुल संख्या से है।
(ii) "रूचि लेने वाले निदेशकों" से आशय इस अनुच्छेद के लिए धारा 184(2) के अर्थाधीन निदेशक से है।
52. अनुच्छेद 146(ए) में नीचे दिए गए अनुसार संशोधन किए गए हैंः
यदि कोरम के अभाव में बोर्ड की बैठक नहीं आयोजित हो सकती है, तो जब तक कि प्रत्येक बैठक में उपस्थित निदेशक अन्यथा निर्णय नहीं करते हैं तो बैठक स्वतः उसी समय और स्थान पर अगले सप्ताह उसी दिनतक और यदि उस दिन राष्ट्रीय अवकाश है तो उसी समय और स्थान पर क्रमिक रूप से अगले दिन तक स्थगित बनी रहेगी जिस दिन राष्ट्रीय अवकाश नहीं होगा।
53. अनुच्छेद 150 में नीचे दिए गए अनुसार संशोधन किया गया हैः
कोई भी प्रस्ताव परिपत्र द्वारा बोर्ड द्वारा या उसकी समिति द्वारा तब तक विधिवत पारित किया गया नहीं माना जाएगा जब तक किवह प्रस्ताव अनिवार्य दस्तावेजों के साथ, यदि कोई हो, प्रारूप के रूप में भारत में तत्समय मौजूदसभी निदेशकों या समिति के सभी सदस्यों को (संख्या में कम न हों जितना बोर्ड या समिति की बैठक के लिए कोरम नियत है जैसी भी स्थिति हो) और अन्य सभी निदेशकों या सदस्यों को भारत में उनके सामान्य पते पर भेजा नहीं जाता है या ऐसे निदेशकों द्वारा जो उस समय भारत में मौजूद हों या उनमें से ऐसे बहुमत द्वारा अनुमोदित न किया गया हो जो प्रस्ताव पर मतदान करने के हकदार हैं। जहां तत्समय मौजूद कम्पनी के निदेशकों की कुल संख्या के एक तिहाई से कम नहीं यह चाहता है कि परिपत्रके अंतर्गत कोई भी प्रस्ताव बैठक में तय किया जाए, तो ऐसी स्थिति में अध्यक्ष प्रस्ताव को बोर्ड की बैठक में निर्णीत किए जाने हेतु रखेगा।
54. अनुच्छेद 153 में नीचे दिए गए अनुसार संशोधन किया गया हैः
निदेशक इस अधिनियम की धारा92, 170, 184, 185,188 के प्रावधानों का पालन करेंगे जो लागू सीमा तकवार्षिक आय, निदेशकों और मुख्य प्रबंधकीय कर्मचारियों के रजिस्टर और उनकी शेयरधारिता, निदेशकों द्वारा हित की घोषणा, निदेशकों को दिए गए ऋणों आदि और संबंधित पक्ष लेनदेनों से संबंधित हैं।
55. अनुच्छेद 155 में नीचे दिए गए अनुसार संशोधन किया गया हैः
बोर्डइस अधिनियम की धारा 179(3) और उसके अंतर्गत बनाए गए नियमों में सम्मिलित मामलों के संबंध में शक्तियों का प्रयोग केवल अपनी बैठकों में पारित किए गए प्रस्ताव के माध्यम से करेगा।
बशर्ते कि बोर्ड बैठक में पारित किए गए प्रस्ताव द्वारा ऐसी शर्तों पर जैसाकि बोर्ड निर्धारित कर सकता है इस अधिनियमकीधारा 179(3)(डी) से (एफ) में विनिर्दिष्ट शक्तियां कम्पनी के निदेशकों की किसी भी समिति, प्रबंध निदेशक, प्रबंधक या किसी अन्य प्रधान अधिकारी या शाखा कार्यालय के मामले में शाखा कार्यालय के प्रधान अधिकारी को सौंप सकता है।
56. अनुच्छेद 156 में नीचे दिए गए अनुसार संशोधन किया गया हैः
बोर्ड विशेष प्रस्ताव द्वारासामान्य बैठकों में केवलकम्पनी की सहमति से निम्नलिखित शक्तियों का प्रयोग करेगाः
(अ) कम्पनी का सम्पूर्ण या लगभग संपूर्ण उपक्रम बेचने, पट़टे पर देने या अन्यथा निपटारा करने के लिए,या जहां कम्पनी संपूर्ण के एक से अधिक उपक्रम या लगभग ऐसे किसी सम्पूर्ण उपक्रम की स्वामी है
(ब) निदेशक की ओर से देय किसी भी ऋण के पुर्नभुगतान के लिए छूट देने यासमय देने केलिए
(स) विलय या समामेलन के परिणामस्वरूप कंपनी द्वारा प्राप्त क्षतिपूर्ति की राशि ट्रस्ट प्रतिभूतियों से भिन्न में निवेश करने के लिए,
(ग) धनराशिउधार लेने के लिएजहां उधार ली जाने वाली धनराशि कम्पनी द्वारा पहले से उधार ली गई धनराशि (व्यापार के सामान्य क्रम में कम्पनी के बैंकर्सं से अस्थायी रूप से प्राप्त ऋणों के अतिरिक्त) के साथ मिलकर कम्पनी की कुल चुकता पूंजी और उसकी स्वतंत्र आरक्षित पूंजी से अधिक होगी;
(क) यदि किसी भी वित्तीय वर्ष में कोई भी राशि जिसका सकल योग तीनतत्काल क्रमागत वित्तीय वर्षोंके लिए,कंपनी के औसत शुद्ध लाभ सेपांच प्रतिशत अधिक होता है तो धर्मार्थ और अन्य निधियोेंं में आंशदान करने के लिए।
57. अनुच्छेद 159 में नीचे दिए गए अनुसार संशोधन किया गया हैः
बोर्ड कम्पनी के उद्देश्य के लिए एक सामान्य मुहर उपलब्ध कराएगा और उसके पास समय-समय पर इसे नष्ट करने और इसके स्थान पर नई मुहर प्रतिस्थापित करने की शक्ति होगी, और बोर्ड तत्समय मौजूद मुहर की सुरक्षित अभिरक्षा प्रदान करेगा और केवल बोर्ड या निदेशक समिति के प्राधिकार से या के अंतर्गत एक निदेशक या सचिव या किसीPART IV] THE GAZETTE OF INDIA, JUNE 17, 2017 (JYAISTHA 27, 1939) 1279 अन्य व्यक्ति की उपस्थिति में जिसे इसके लिए कम से कम प्राधिकृत किया जा सकता हैके अलावाइस मुहर का प्रयोग नहीं किया जाएगा, जो उस प्रत्येक दस्तावेज पर हस्ताक्षर करेगा जिस पर मुहर लगी होगी बशर्ते कि शेयर प्रमाणपत्रों पर ऐसे व्यक्ति के हस्ताक्षर होंगे जैसा कि समय-समय पर लागू यथा संशोधितकम्पनी(शेयर पूंजी और ऋणपत्र) नियमावली, 2014 में प्रावधान होगा। अगर अधिनियम में अन्यथा प्रावधान नहीं किया गया है, तो कम्पनी के सत्यापनकी मांग करने वाला दस्तावेज या कार्यवाही पर निदेशक, या सचिव या बोर्ड द्वारा इस संबंध में प्राधिकृत किसी अन्य अधिकारी द्वारा हस्ताक्षर किया जा सकता हैं इसे उसकी मुहर की जरूरत नहीं है।
58. अनुच्छेद 175 में नीचे दिए गए अनुसार संशोधन किया गया हैः
इस अधिनियम की धारा 128 के अनुसार बोर्ड(अ) कम्पनी द्वारा प्राप्त की गई, व्यय की गई सभी धनराशियों और वे मामले जिनके संबंध में इस प्रकार की प्राप्ति और व्यय होता है; (ब) कम्पनी द्वारा वस्तुओं और सेवाओं की सभी बिक्रियों और खरीद और (स) कम्पनी की परिसम्पत्तियां, साख और देनदारियोंके संबंध मेंऔर सामान्यतः अपने सभी वाणिज्यिक, वित्तीय और अन्य मामलों कीउचित खाताबहियां रखवाएगा, जो कम्पनी की सही वित्तीय स्थिति और दशा दर्शाने के लिए आवश्यक हैं, और खाते अंग्रेजी भाषा में और इस अधिनियम की धारा 128में किए गए प्रावधान के अनुसार रखे जाएंगे, और खाताबहियांं अधिनियमके प्रावधानों के अनुपालनाधीन पंजीकृत कार्यालय में या भारत में ऐसे स्थान या स्थानों पर रखीजाएंगीजैसाकि बोर्ड उचित समझे (जहां इस प्रकार का निर्णय लिया जाता है, तो कम्पनी इसके सात दिनों के अंदर लिखित में उक्त दूसरे स्थान का पूरा पता देनेवाली सूचना रजिस्ट्रार के पास दाखिल करेेगी) और व्यापारिक घण्टों के दौरान किन्हीं भी निदेशकों द्वारा जांच किए जाने हेतु उपलब्ध रहेंगी।
59. अनुच्छेद 177 में नीचे दिए गए अनुसार संशोधन किया गया हैः
"प्रत्येक वार्षिक सामान्य बैठक में प्रस्तुत किए जाने वाले वित्त्यि विवरण और प्रतिवेदन"
कम्पनी की प्रत्येक वार्षिक बैठक में कम्पनी का बोर्ड ऐसी बैठक के समक्ष वित्तीय वर्ष के लिए वित्तीय विवरण रखेगा जैसाकि इस अधिनियम धारा 134द्वारा अपेक्षित है कम्पनी की स्थिति और दशा के संबंध में निदेशकों का प्रतिवेदन (उसके साथ संलग्नकिए जाने हेतु) भी संलग्न होगा।
60. अनुच्छेद 178 में नीचे दिए गए अनुसार संशोधन किया गया हैः
वित्तीय विवरण का स्वरूप और विषयवस्तु
178. कम्पनी का प्रत्येकवित्तीय विवरण कम्पनी के मामलों की वास्तविक और स्पष्ट स्थिति दर्शाएगा और इस अधिनियम की धारा129 और 133 के प्रावधानों के अधीनइस अधिनियम की अनुसूची IIIके भाग क्रमशः I और II में निर्धारित स्वरूप में होगा, या परिस्थितियों के अनुसार इसके अधिकतम समान होगा।
61. अनुच्छेद 179 में नीचे दिए गए अनुसार संशोधन किया गया हैः
सदस्यों को भेजी जाने वाले वित्तीय विवरण और अन्य दस्तावेजों;उनकी प्रतियों का सत्यापन
179. (i) कम्पनी कावित्तीय विवरण कम्पनी के अध्यक्ष जहां उसे बोर्ड प्राधिकृत किया गया है द्वारा या दो निदेशकों जिनमें से एक निदेशक प्रबंधनिदेशक और मुख्य कार्यकारी अधिकारी होगा, यदि वह कम्पनी में निदेशक है, और कंपनी केमुख्य वित्तिय अधिकारी और कम्पनी सचिव, चाहे जहां भी वे नियुक्त होंगे द्वाराहस्ताक्षरित होगा।इस अनुच्छेद के प्रावधानों के अनुसार बोर्ड की ओर सेहस्ताक्षरित होनेऔर प्रतिवेदन के लिएलेखापरीक्षक के समक्ष प्रस्तुत किए जाने से पहलेवित्तीय विवरण बोर्ड द्वारा मंजूर किया जाएगा। लेखापरीक्षक का प्रतिवेदनवित्तीय विवरण के साथ संलग्न किया जाएगा या वित्तीय विवरण के नीचे पृष्ठ पर प्रतिवेदन के संदर्भ के रूप में डाला जाएगा।
(ii) लेखापरीक्षक के प्रतिवेदन की प्रति के साथ इस प्रकार के वित्तीय विवरणकी प्रति बैठक, जिसमें इस अधिनियम की धारा101 के प्रावधानों के अधीन कम्पनी के सदस्यों के सम्मुख इसे रखा जाना है, से कम से कम इक्कीस दिन पहले कम्पनी के प्रत्येक सदस्य को, कम्पनी द्वारा जारी किसी भी ऋणपत्र धारक के लिए प्रत्येक न्यासी को, चाहे इस प्रकार के सदस्य या निक्षेपधारी उन्हें भेजी जाने वाली कम्पनी की सामान्य बैठक की सूचनाओें के अधिकारी हो या नहीं, और ऐसे सदस्यों और न्यासियोेंं से भिन्न उन सभी अन्य व्यक्तियोेंं को भेजी जाएगी जो इस प्रकार हकदार व्यक्ति हैं और इसकी एक प्रति उक्त बैठक से पहले कम से कम इक्कीस दिन की अवधि के दौरान कार्यालय में कम्पनी के सदस्यों द्वारा निरीक्षण के लिए उपलब्ध कराई जाएगी।
62. अनुच्छेद 180 में नीचे दिए गए अनुसार संशोधन किया गया हैः
दाखिल की जाने वाली वित्तीय विवरण और लेखापरीक्षक के प्रतिवेदन की प्रतियां
सामान्य बैठक में कम्पनी के समक्ष वित्तीय विवरण रखे जाने के बाद प्रबंधक या सचिव द्वारा धारा 134 के प्रावधानों के अनुसार, जैसा कि इस अधिनियम की धारा 137 द्वारा अपेक्षित है हस्ताक्षरित उसकी प्रतियां इस अधिनियम की धारा 92 की अपेक्षाओं के अनुसार आवश्यक रिटर्न के साथ इस अधिनियम की धारा 137 में विनिर्दिष्ट समयावधि के भीतर कम्पनी रजिस्ट्रार के पास दाखिल की जाएंगी।
1280 THE GAZETTE OF INDIA, JUNE 17, 2017 (JYAISTHA 27, 1939) [PART IV63. अनुच्छेद 181 में नीचे दिए गए अनुसार संशोधन किया गया हैः
वर्ष में कम से कम एक बार कम्पनी के खातोंं का तुलन और लेखापरिक्षण किया जाएगा और वित्तीय विवरणोंं की शुद्धता एक या अधिक लेखापरीक्षकों द्वारा सुनिश्चित की जाएगी।
64. अनुच्छेद 184 में नीचे दिए गए अनुसार संशोधन किया गया हैः
(1) कम्पनी के प्रत्येक लेखापरीक्षक को कम्पनी की बहियों और खातों और वाउचर्स कोहर समय देखने का अधिकार होगा और कम्पनी के निदेशकों और अधिकारियों से ऐसी जानकारी एवं स्पष्टीकरण मांगने का अधिकार होगा जैसाकि लेखापरीक्षक के कर्तव्यों के निर्वहन के लिए आवश्यक हो और लेखापरीक्षक अपने द्वारा परीक्षित खातों और उन सभी वित्तीय विवरणों पर शेयरधारकों को प्रतिवेदन देंगे जिन्हें इस अधिनियम द्वारा और के अंतर्गत सामान्य बैठक में कम्पनी के समक्ष रखना अपेक्षित है, और प्रतिवेदन यह बताएगा कि क्या उनकी राय में और उनके सर्वोत्तम ज्ञान के अनुसारउक्त खाते कंपनी के वित्त वर्ष के अंत में कम्पनी के मामलों और लाभ और हानि और वर्ष के लिए नकदी प्रवाह और ऐसे अन्य मामलों की, जैसाकि निर्धारित किया जा सकता है,सही और निष्पक्ष तस्वीर देते हैं।
(2) लेखापरीक्षकों का प्रतिवेदन इस अधिनियम की धारा 143 के अंतर्गत निर्धारित मामलों का विवरण भी देगा।
65. अनुच्छेद 185 में नीचे दिए गए अनुसार संशोधन किया गया हैः
कम्पनी की सामान्य बैठक की सभी सूचनाएं और के संबंध में अन्य सम्प्रेषण जिन्हें प्राप्त करने का कंपनी का कोई भी सदस्य हकदार है, कम्पनी के लेखापरीक्षकों को भी अग्रेषित किया जाएगा और लेखापरीक्षक या तो स्वयं से या अपनेअधिकृत प्रतिनिधि जो लेखापरीक्षक होने की योग्यता रखताा होगा, के माध्यम से किसी भी सामान्य बैठक में भाग लेने और सामन्य बैठ जिसमें वे भाग लेंगे या कार्रवाई का कोई भी भाग जो उनसे लेखापरीक्षक के रूप में संबंधित होगा में सुने जाने के अधिकारी हाेंगे।
66. अनुच्छेद 187 में नीचे दिए गए अनुसार संशोधन किया गया हैः
दस्तावेज (जिसमें कोई भी बुलावा, नोटिस, अधियाचन, आदेश, घोषणा, प्रपत्र और रजिस्टर शामिल हैं) किसी भी सदस्य को उसे डाक द्वारा या पंजीकृत डाक द्वारा या स्पीड पोस्ट द्वारा या कूरियर द्वारा भेजकर या उसके कार्यालय या पते पर सुपुर्द करके, या इलैक्ट्रॉनिक विधा या किसी अन्य विधा द्वारा भेजकर पहुंचाया जा सकता हैजैसाकि इस अधिनियम के अंतर्गत निर्धारित है।
(2) नोटिस युक्त पत्र भेजे जाने के बाद अड़तालीस घण्टे की समाप्ति पर बैठक के नोटिस के मामले में, और किसी अन्य मामले में उस समय इस प्रकार की सेवा प्रभावी होना मानी जाएगी जिस समय पत्र साधारण डाक प्रक्रिया के माध्यम से पहुंच गया होता। सदस्य किसी विशेष विधा के माध्यम से दस्तावेज भेजने का अनरोध कर सकता है, जिसके लिए वह ऐसे शुल्क का भुगतान करेगा जैसाकि अधिनियम के अनुसार निर्धारित किया जा सकता है।
67. अनुच्छेद 189 में नीचे दिए गए अनुसार संशोधन किया गया हैः
प्रत्येक सामान्य बैठक का नोटिस इसमेें पहले अधिकृत ढंग से निम्नलिखित को दिया जाएगा (अ) कम्पनी के प्रत्येक सदस्य को (जिनमें शेयर अधिपत्र के धारक शामिल हैं), (ब) किसी भी दिवंगत सदस्य के कानूनी प्रतिनिधि या दिवालिया सदस्य के आवंटिती (स) कम्पनी के लेखापरीक्षक या लेखापरीक्षकों और साथ ही (द) कम्पनी के प्रत्येक निदेशक को।
68. अनुच्छेद 194 में नीचे दिए गए अनुसार संशोधन किया गया हैः
(1) इस अधिनियम के प्रावधानों के अनुसार कम्पनी का तत्समय निदेशक मण्डल, प्रबंध निदेशक, प्रबंधक, सचिव और अन्य अधिकारी या अन्य कर्मचारी, लेखापरीक्षक और न्यासी, यदि कोई है, जो उस समय कम्पनी के किसी भी मामले के संबंध में कार्य कर रहे होंगे और उनमें से प्रत्येक और उनके उत्तराधिकारियों में से प्रत्येक, कार्यकारी अधिकारी और प्रशासक सभी कार्यवाहियों, लागतों, प्रभारोेंं, हानियों, क्षतियों और व्ययाें से और के विरूद्ध कम्पनी की परिसम्पत्तियों और लाभों से क्षतिपूरित और अहानिकर रखें जाएंगे जिसे उन्हें या उनमें से किसी को, उनके उत्तराधिकारियों, कार्यकारी अधिकारियों या प्रशासकों को अपने संबंधित पदों और न्यासोेंं में अपने कर्तव्य या माने गए कर्तव्य के निष्पादन में या के संबंध में किए गए, समवर्ती या विलोपित किसी कार्य से या किसी कारणवश वहन करना या संभालना पड़ेगा या पड़ सकता हैं,े सिवाय, ऐसा, यदि कोई हो, जैसा कि उन्हें अपनी स्वयं की जानबूझकर लापरवाही या चूक के माध्यम से या द्वारा वहन करना या संभालना पड़ेगा।
(2) जहां तक इस अनुच्छेद के प्रावधान इस अधिनियम में शामिल नहीं किए जाएंगे को छोड़कर, उनमें से कोई भी अन्य लोगोंं या उनसे भिन्न लोगों के कार्यों, प्राप्तियों, लापरवाहियों या चूकों के लिए, या अनुपालन के लिए किसी भी प्राप्ति में भाग लेने के लिए, या किसी भी ऐसे बैंकर या अन्य व्यक्तियों के दिवालिएपन के लिए जवाबदेह नहीं होगा, जिनके पास कम्पनी से संबंधित कोई भी धनराशि या संपत्ति सुरक्षित अभिरक्षा के लिए सौंपी या जमा कराई जाएगी या जा सकती है, या किसी भी प्रतिभूति की अपर्याप्तता या कमी के लिए जिस पर कम्पनी सेPART IV] THE GAZETTE OF INDIA, JUNE 17, 2017 (JYAISTHA 27, 1939) 1281 संबंधित कोई भी धनराशि किसी भी अन्य हानि, दुर्भाग्य या क्षति के लिए रखी जाएगी या निवेश की जाएगी जो उनके संबंधित पदोेंं या न्यासोेंं या उनके संबंध में निष्पादन में हो सकती हैं, सिवाय कि जब ऐसा उनकी जानबूझकर लापरवाही या चूक से या के माध्यम से होगा।
(3) इस अधिनियम के प्रावधानों के अनुसार कम्पनी का कोई भी निदेशक या अन्य अधिकारी किसी दूसरे निदेशक या अधिकारी के कार्यों, प्राप्तियों, लापरवाही या चूक के लिए या कम्पनी के लिए या कम्पनी की ओर से निदेशक के आदेश द्वारा अधिग्रहीत किसी सम्पत्ति के हक में अपर्याप्तता या कमी के माध्यम से कंपनी को होने वाली किसी भी हानि या व्यय के लिए या किसी भी ऐसी प्रतिभूति की अपर्याप्तता या कमी के लिए जिसमें या जिसके आधार पर कम्पनी की कोई भी धनराशि निवेश की जाएगी, या किसी ऐसे व्यक्ति के दिवालिएपन, अनुमोचन या कपटपूर्ण कार्य से होने वाली हानि क्षति के लिए जिसके पास कोई भी धनराशि, प्रतिभूतियां या संपत्ति जमा कराई जाएगीं, या उसकी ओर से निर्णय या निरीक्षण की किसी भी त्रुटि से होने वाली हानि या किसी अन्य हानि या क्षति, चाहे जो भी हो, के लिए उत्तरदायी नहीं होगा जो अपने पद के कर्तव्योंं या उसकेे संबंध में कर्तव्र्यों के निष्पादन में घटित हाेंगी, जब तक कि ऐसा उसकी स्वयं की लापरवाही या बेईमानी के कारण न हुआ हो।
(4) अधिनियम के प्रावधानों (धारा 196 और अनुसूची V के साथ पठित धारा 197 सहित) और उसके अंतर्गत बनाए गए नियमों के अधीन यदि कम्पनी ने अपने प्रबंध निदेशक, पूर्ण-कालिक निदेशक, प्रबंधक, मुख्य कार्यकारी अधिकारी, मुख्य वित्तिय अधिकारी या कम्पनी सचिव की ओर से किसी की भी लापरवाही, चूक, प्राधिकार के गलत प्रयोग, कार्य में कोताही या विश्वास तोड़ने के संबंध में किसी भी देनदारी के विरूद्ध उनमें से किसी की भी क्षतिपूर्ति करने के लिए बीमा प्राप्त किया है जिसके लिए वे ऐसे किसी भी कर्मी को देय पारिश्रमिकों के भाग के रूप में व्यवहार करने के सबध में दोषी हो सकते हैं। बशर्ते कि यदि इस प्रकार का व्यक्ति अपराधी सिद्ध हो जाता है, तो इस प्रकार के बीमे पर भुगतान किए गए प्रीमियम को पारिश्रमिक का हिस्सा माना जाएगा।
III. अनुच्छेदों के प्रतिस्थापन के अनुसार परिवर्तन 1. वर्तमान अनुच्छेद 17 को निम्नलिखित अनुच्छेद द्वारा प्रतिस्थापित किया गया है :
"जैसा कि कानून द्वारा अपेक्षित है को छोड़कर कम्पनी द्वारा किसी भी व्यक्ति को किसी भी ट्रस्ट पर किसी भी शेयर को धारण करने वाले के रूप में मान्यता प्रदान नहीं की जाएगी, और कंपनी किसी भी शेयर में किसी भी समता योग्य, आकस्मिक, भावी या आंशिक हित, शेयर के आंशिक भाग में किसी भी हित, या (केवल जैसा कि इन विनियमनों द्वारा या कानून द्वारा अन्यथा प्रावधान किया जाता है को छोड़कर) किसी भी शेयर के संबंध में सिवाय पंजीकृत धारक में उसकी सम्पूर्णता में पूर्ण अधिकार के अन्य अधिकारों को मान्यता प्रदान करने के लिए किसी भी तरह से (चाहे इसका नोटिस प्राप्त हुआ है), बाध्य नहीं होगी या को विवश नहीं किया जाएगा।"
2. वर्तमान अनुच्छेद 138(ए) को निम्नलिखित अनुच्छेद द्वारा प्रतिस्थापित किया गया हैः
"अनुच्छेद 116एए, प्रतिभूति अनुबंध (विनियमन) (स्टॉक एक्सचेंज एवं क्लीयरिंग कॉर्पोरेशन्स) विनियम, 2012 के प्रावधानों या उसमें किसी भी परिवर्तन और इस अधिनियम की धारा 169(1) के प्रावधानों के अधीन कंपनी, साधारण प्रस्ताव द्वारा जिसका इस अधिनियम की धारा 169(2) के अनुसार विशेष नोटिस दिया गया है किसी भी निदेशक को उसकी पदावधि समाप्त होने से पहले हटा सकती है और साधारण प्रस्ताव द्वारा जिसका विशेष नोटिस दिया गया है, हटाए गए निदेशक के स्थान पर किसी दूसरे व्यक्ति को नियुक्त कर सकती है। इस प्रकार से नियुक्त निदेशक उस तिथि तक पद धारण करेगा जब तक कि हटाया गया निदेशक करता यदि उसे इस प्रकार नहीं हटाया जाता। यदि इस अनुच्छेद के प्रावधानों के अंतर्गत निदेशक को हटाने पर सृजित रिक्ती बैठक द्वारा इस प्रकार नहीं भरी जाती है जिस पर से उसे हटाया गया है, बोर्ड किसी भी समय उसके बाद इन अनुच्छेदोेंं के प्रावधानों के अंतर्गत इस प्रकार की रिक्ती भर सकता है।"
3. वर्तमान अनुच्छेद 169 को निम्नलिखित अनुच्छेद द्वारा प्रतिस्थापित किया गया है :
"शेयरों के अंतरण का लाभांश लंबित पंजीकरण का अधिकार
169. जहां शेयरों के अंतरण का विलेख पंजीकरण के लिए कंपनी के पास भेज दिया गया है और इस प्रकार के शेयरों का अंतरण कम्पनी द्वारा पंजीकृत नहीं किया गया है, इन अनुच्छेदोंं में अन्यथा प्रावधान होने के बावजूद यह इस प्रकार के शेयरों के संबंध में गैर चुकता लाभांश खाते में लाभांश अंतरित होगा जब तक कि कम्पनी इस प्रकार के विलेख में निर्दिष्ट अंतरिती को इस प्रकार के लाभांश का भुगतान करने के लिए इस प्रकार के शेयर के पंजीकृत धारक द्वारा लिखित में अधिकृत नहीं की जाती है।"
4. वर्तमान अनुच्छेद 171 को निम्नलिखित अनुच्छेद द्वारा प्रतिस्थापित किया गया है :
171 शेयरों के संबंध में नकद में देय किसी भी लाभांश, ब्याज या अन्य धनराशियाें का भुगतान इलैक्ट्रोनिक विधा से या धारक के पंजीकृत पते पर या संयुक्त धारकों के मामले में संयुक्त धारकों में से उस एक धारक के पंजीकृत पते पर जिसका नाम सदस्यों के रजिस्टर में पहले दर्ज है, या ऐसे लोगों को और ऐसे लोगों के पते पर निर्देशित डाक के माध्यम से चेक या वारंट भेजकर किया जा सकता है, जैसा कि धारक या संयुक्त धारक लिखित में निर्देश दें।
1282 THE GAZETTE OF INDIA, JUNE 17, 2017 (JYAISTHA 27, 1939) [PART IV5. वर्तमान अनुच्छेद 172 को निम्नलिखित अनुच्छेद द्वारा प्रतिस्थापित किए जाने हेतु प्रस्तावित है :
"कम्पनी के प्रति किसी भी लाभांश पर कोई भी ब्याज नहीं होगा।
172 (1) जहां कम्पनी ने लाभांश की घोषणा की है लेकिन जिसका भुगतान नहीं किया गया है या उसके संबंध में लाभांश वारंट किसी ऐसे शेयरधारक को घोषणा की तिथि से 30 (तीस) दिनों के अंदर नहीं भेजा गया है जो लाभांश के भुगतान का अधिकारी है, कम्पनी उक्त 30 (तीस) दिनों की अवधि की समाप्ति की तिथि से 7 (सात) दिनों के अंदर किसी भी अनुसूचित बैंक में इस संबंध में "नैशनल सिक्योरिटीज क्लियरिंग कार्पोरेशन लिमिटेड' का भुगतान रहित लाभांश खाता" नामक एक विशेष खाता खोलेगी और उक्त खाते में लाभांश की कुल राशि जो भुगतानरहित बनी रहती है या जिसके संबंध में कोई लाभांश वारंट नहीं भेजा गया है,ं स्थानांतरित करेगी।
(2) कम्पनी अधिनियम, 2013 की धारा 124 (5) के प्रावधानों के अधीन, कम्पनी के भुगतान रहित लाभांश खाते में स्थानांतरित कोई भी धनराशि जो ऐसे अंतरण की तिथि से सात वर्षों तक भुगतान रहित या दावा रहित बनी रहती है, कम्पनी द्वारा निवेशक शिक्षा एवं सुरक्षा निधि (''निधि'') में अंतरित कर दी जाएगी।
(3) कानून द्वारा दावा प्रतिबंधित होने से पहले कम्पनी द्वारा कोई भी दावा रहित या भुगतान रहित लाभांश जब्त नहीं किया जाएगा, बशर्ते कि मान्यता प्राप्त स्टॉक एक्सचेंज अस्थायी रूप से ऐसी कम्पनी की प्रतिभूतियों का लेन देन स्वीकार कर सकता है जो पूर्वगामी अपेक्षाओंं को पूरा करने के लिए अपनी अगली सामान्य बैठक में अपने अंतर्नियमों में संशोधन करने का उत्तरदायित्व लेती है और इस बीच इस धारा के प्रावधानों के अनुसार कार्य करने के लिए सहमत होती है। सभी भुगतान रहित और दावा रहित लाभांशों का निपटारा कंपनी अधिनियम, 2013 की धारा 125 और इसके अंतर्गत बनाए गए नियमों के अनुसार किया जाएगा।
(4) कम्पनी पंजीकृत पते पर या सदस्य द्वारा पहले से ही कार्यालय को दिए गए पते पर लाभांशों के संबंध में डाक से भेजे गए, चाहे अनुरोध पर या अन्यथा किसी भी चेक, लाभांश वारंट या पोस्टल ऑर्डर के खो जाने के लिए या लाभांश के अधिकारी सदस्य या व्यक्ति को कोई लाभांश किसी चेक या वारंट के जाली समर्थन या किसी अन्य साधनों द्वारा उसकी जालसाजी भरी वसूली के कारण न मिलने पर उत्तरदायी नहीं होगी।"
6. वर्तमान अनुच्छेद 174 को निम्नलिखित अनुच्छेद द्वारा प्रतिस्थापित किया गया है :
174(ए) कम्पनी बोर्ड की सिफारिश पर सामान्य बैठक में निर्णय कर सकती है -
(i) कि कम्पनी के किसी भी आरक्षित खाते की जमा के प्रति, या लाभ और हानि खाते में जमा के प्रति उस समय बकाया या अन्यथा वितरण के लिए उपलब्ध राशि का कोई हिस्सा पूंजीकृत करना वांछित है; और
(ii) कि इस प्रकार की राशि ऐसे सदस्यों के बीच वितरित करने के लिए नीचे धारा (बी) में निर्धारित ढंग से मुक्त रखी जाए जो इसके अधिकारी होते यदि लाभांश के रूप में और उसी अनुपात में वितरित किया जाता।
(बी) उपर्युक्त राशि का भुगतान नकद नहीं किया जाएगा बल्कि या तो निम्नलिखित में या के प्रति नीचे धारा (3) में निहित प्रावधानों के अधीन लागू होगा :
(अ) इस प्रकार के सदस्यों द्वारा धारित किन्हीं भी शेयरों पर उस समय भुगतान रहित राशि का भुगतान करना ;
(ब) उपर्युक्त अनुपात में ऐसे सदस्यों को और के बीच पूरी तरह से चुकता रूप में आबंटित और वितरित किए जाने वालेकम्पनी के जारी न किए गए शेयरों या अन्य प्रतिभूतियों का पूर्ण भुगतान करना ;
(स) अंशतः उप-धारा (ए) और अंशतः उप-धारा (बी) के प्रावधानों के अनुसार
(द) पूरी तरह से चुकता बोनस शेयरों को जारी करना; और
(सी) प्रतिभूति प्रीमियम खाता और पूंजी शोधन रिजर्व खाता या कोई अन्य अनुमति प्राप्त रिजर्व खाता इस अनुच्छेद के प्रयोजनों के लिए कंपनी के सदस्यों को पूर्ण रूप से चुकता बोनस शेयर के रूप में जारी किए जाने वाले अनिर्गमित शेयरों का भुगतान करने में लागू किया जा सकता हैं।
7. वर्तमान अनुच्छेद 182 निम्नलिखित अनुच्छेद द्वारा प्रतिस्थापित किए जाने हेतु प्रस्तावित है :
"लेखा परीक्षकों की नियुक्ति, योग्यता और पारिश्रमिक
182 वैद्यानिक लेखा परीक्षकों की नियुक्ति, पुनः नियुक्ति, चक्रानुक्रम, पदमुक्ति, त्यागपत्र, पात्रता, शैक्षणिक योग्यता, अयोग्यता, पारिश्रमिक, शक्तियां और कर्तव्य आदि इस अधिनियम के प्रावधानों और इसके अंतर्गत बनाए गए नियमों के अनुसार होंगे।
PART IV] THE GAZETTE OF INDIA, JUNE 17, 2017 (JYAISTHA 27, 1939) 1283IV. निम्नलिखित अनुच्छेदोंं को वर्तमान अनुच्छेदोेंं में जोड़ा गया है।
1. (ए) अनुच्छेद 1(i) और अनुच्छेद 1(j) को अंतर्विष्ट गया है :
(i) ''एससीआर अधिनियम'' से आशय प्रतिभूतियां अनुबंध (विनियम) अधिनियम, 1956 से होगा और तत्समय प्रवृृत्त इसका कोई भी सांविधिक संशोधन और पुनअधिनियमन शामिल होगा।
(j) ''सेबी अधिनियम'' से आशय सिक्योरिटीज एंड एक्सचेंज बोर्ड ऑफ इंडिया एक्ट, 1992 से होगा और तत्समय प्रवृृत्त इसका कोई भी सांविधिक संशोधन और पुनर्अधिनियमन शामिल होगा।
(बी) उपरोक्त के परिणामस्वरूप वर्तमान अनुच्छेद 1(i) और अनुच्छेद 1(j)अनुच्छेद 1(k) और अनुच्छेद 1(l) के रूप में पुनर्संख्यांकित किए गए हैं।
2. अनुच्छेद 67(1)(ए) के बाद अनुच्छेद 67(1)(बी) के रूप में निम्नलिखित अनुच्छेद अंतर्विष्ट किए गए हैंः
(बी) प्रतिभूति अनुबंध (विनियमन)(स्टॉक एक्सचेंज एवं क्लीयरिंग कॉर्पोरेशन्स) विनियम, 2012 या उनमें किए गए किसी परिवर्तन के अधीन कंपनी द्वारा पारित विशेष प्रस्ताव के अधीन या नियमों या ऐसे अन्य शर्तोंं के अधीन जैसा कि लागू कानून के अंतर्गत निर्धारित किया जा सकता है कर्मचारियों के स्टॉक विकल्प की किसी भी योजना के अधीन कर्मचारियों को, या
3. उपरोक्त अंतर्विष्ट अनुच्छेद 67(1)(बी) के बाद अनुच्छेद 67(1)(सी) के रूप में इस प्रकार निम्नलिखित अनुच्छेद अंतर्विष्ट किया गया है :
(सी) किसी भी व्यक्ति को, यदि यह विशिष्ट प्रस्ताव द्वारा प्राधिकृत है, चाहे उन व्यक्तियों में उपरोक्त धारा (ए) या धारा (बी) में वर्णित व्यक्ति शामिल हों या नहीं, या तो नकद या नकद से भिन्न विवेचन के लिए, यदि इस प्रकार के शेयरों की कीमतों का निर्धारण ऐसी शर्तों के अधीन पंजीकृत मूल्यांकनकर्ता के मूल्यांकन प्रतिवेदन द्वारा किया जाता है जैसा कि इस अधिनियम और उसके अंतर्गत बनाएगए नियमो के अंतर्गत निर्धारित किया जा सकता है।
4. पुनर्संख्याबद्ध अनुच्छेद 67(2) के बाद अनुच्छेद 67(3) के रूप में इस प्रकार निम्नलिखित अनुच्छेद अंतर्विष्ट किए जाने हेतु प्रस्तावित है :
इस अनुच्छेद में कुछ भी कम्पनी द्वारा निर्गमित ऋणपत्रों या लिए गए ऋण से सलंग्न नियम के रूप में इस प्रकार के ऋणपत्रों या ऋणों को कम्पनी में शेयरों के रूप में बदलने के लिए या कम्पनी के शेयरों का अभिदान करने के लिए विकल्प का प्रयोग करने से कम्पनी की अभिदत्त पूंजी की वृद्धि के प्रति लागू नहीं होगा :
बशर्ते कि इस प्रकार के ऋणपत्रों के निर्गमन या इस प्रकार के विकल्प युक्त ऋण की शर्तों का सामान्य बैठक में कम्पनी द्वारा पारित विशेष प्रस्ताव द्वारा इस प्रकार के ऋणपत्र जारी करने या ऋण लेने से पहले अनुमोदन किया गया हो।
5. उपरोक्त अंतर्विष्ट अनुच्छेद 67(3) के बाद अनुच्छेद 67(4) के रूप में इस प्रकार निम्नलिखित अनुच्छेद अंतर्विष्ट किया गया है :
यहां अनुच्छेद 67 (3) में निहित किसी बात के होते हुए भी, जहां कम्पनी द्वारा कोई भी ऋणपत्र जारी किया गया है, या किसी भी सरकार से ऋण लिया गया है, और यदि वह सरकार सार्वजनिक हित में ऐसा करना आवश्यक समझती है, तो वह आदेश द्वारा निर्देश दे सकती है कि इस प्रकार के ऋणपत्र या ऋण या उनका कोई भाग ऐसे नियमों और शर्तों पर कम्पनी के शेयरों में परिवर्तित किए जाएं जैसा कि मामले की परिस्थितियों के अनुसार सरकार को उचित एवं न्यायसंगत प्रतीत हो, चाहे इस प्रकार के ऋणपत्रों के निर्गमन या इस प्रकार के ऋणों के उदग्रहण की शर्तों में इस प्रकार के परिवर्तन करने विकल्प उपलब्ध कराने का नियम न शामिल हो :
बशर्ते कि जहां इस प्रकार के परिवर्तन के नियम एवं शर्तें कम्पनी को स्वीकार्य नहीं हैं, तो इस प्रकार के आदेश के मिलने की तिथि से साठ दिनों के अंदर वह राष्ट्रीय कम्पनी लॉ ट्रिब्यूनल मेें अपील कर सकती है जो कम्पनी और सरकार की सुनवाई के बाद ऐसा निर्णय पारित करेगा, जैसाकि वह उचित समझे।
6. अनुच्छेद 116ए के बाद अनुच्छेद 116(एए) केे रूप में निम्नलिखित अनुच्छेद अंतर्विष्ट किए गए हैंः
कंपनी के निदेशक मंडल द्वारा अग्रेषित नामों पर विचार करने के बाद सिक्योरिटी एंड एक्सचेंज बोर्ड ऑफ इंडिया (सेबी) समय-समय पर कंपनी के निदेशक मंडल में ऐसे व्यक्तियों को ''लोक हित निदेशकों'' की रूप में नामित कर सकता है जो प्रतिभूति बाजार से संबंधित क्षेत्रों में आवश्यक व्यावसायिक योग्यता और अनुभव रखने वाले सत्यनिष्ठा वाले व्यक्तियों में से इस अधिनियम के प्रावधानों के अनुसार स्वतंत्र निदेशक हाेंगे। हालांकि सेबी के पास ऐसे लोगों को भी नामित करने का अधिकार होगा जिनका नाम कंपनी के निदेशक मंडल द्वारा नहीं अग्रेषित किया गया है।
7. अनुच्छेद 171 के बाद निम्नलिखित अनुच्छेद अंतर्विष्ट किए गए हैंः
171(ए) ऐसा प्रत्येक चेक या वारंट उसी व्यक्ति के आदेश पर देय होगा जिसेे यह भेजा जाएगा। भुगतान की गई या भुगतान की जाने वाली धनराशि के हकदार व्यक्ति के जोखिम पर ऐसे किसी भी तरीके से चाहे जो भी हो भुगतान किया जाएगा। खो गए या विलम्बित भुगतान के लिए कम्पनी उत्तरदायी नहीं होगी। कम्पनी को1284 THE GAZETTE OF INDIA, JUNE 17, 2017 (JYAISTHA 27, 1939) [PART IV इसका भुगतान करने वाला और सही अदायगी प्राप्त करने वाला माना जाएगा यदि किन्हीं भी पूर्वगामी स्वीकार्य माध्यमों का प्रयोग कर भुगतान किया गया है।
171(बी) शेयर के दो या दो से अधिक संयुक्त धारकों में से कोई एक धारक इस प्रकार के शेयर के संबंध में किसी भी लाभांश, बोनस या अन्य धनराशियाें के भुगतान के लिए प्रभावी पावती दे सकता है।
8. अनुच्छेद 195 के बाद निम्नलिखित अनुच्छेद अंतर्विष्ट किए गए हैं :
सामान्य शक्ति
196 ए. अधिनियम में जहां भी यह प्रावधान किया गया है कि कम्पनी के पास कोई भी अधिकार, विशेषााधिकार या प्राधिकार होगा या कम्पनी कोई भी लेन देन केवल तभी कर सकती है यदि कम्पनी अपने अनच्छेदोेंं द्वारा ऐसा करने के लिए प्राधिकृत है, तब और उक्त मामले में उक्त के पक्ष में ंइसमें प्रावधान किए गए किसी विशिष्ट अनुच्छेद के होने के बिना यह अनुच्छेद कम्पनी को इस प्रकार के अधिकारों, विशेषाधिकारों या प्राधिकारों को रखने के लिए और ऐसे लेन देन करने के लिए जैसाकि इस अधिनियम द्वारा अनुमति दी गई है प्राधिकृत करता और समर्थ बनाता है।
196 बी. इसके अलावा जहां अधिनियम या नियम बोर्ड को कम्पनी के लिए और कम्पनी की ओर से कार्य करने के लिए किसी भी शक्ति का प्रयोग करने के लिए समर्थ बनाता है, बोर्ड उसका प्रयोग करने का अधिकारी होगा, चाहे वह शक्ति इस अनुच्छेद में निहित हो या नहीं।
196 सी. इन अनुच्छेदोेंं में कुछ भी विरोधाभासी होने के बावजूद भी इस अधिनियम के प्रावधान प्रभावी रहेंगे। इन अनुच्छेदोेंं में निहित कोई भी प्रावधान उस सीमा तक अमान्य होंगे जहां तक वे अधिनियम के प्रावधानों के विरुद्ध हैं, और इन अनुच्छेदोेंं में निहित अन्य प्रावधानों पर कोई भी प्रभाव नहीं डालेंगे।
196 डी. इन अनुच्छेदों के प्रावधानों को यथासंशोधित प्रतिभूति अनुबंध (विनियमन) (स्टॉक एक्सचेंज और क्लीयरिंग कॉर्पोरेशन्स) विनियम, 2012 और समय-समय पर भारतीय प्रतिभूति एवं विनिमय बोर्ड द्वारा निर्गमित अन्य नियमों, विनियमों, परिपत्रोेंं, अधिसूचनाओं, आदेशों या निर्देशों के साथ पढ़ा जा़ना चाहिए (प्रत्येक उस सीमा तक जहां तक वह लागू होता है)।
V. अनुच्छेद 160 (विदेशों में मोहर), 183 (लेखापरीक्षकों का पारिश्रमिक), 186 (निर्णायक होने के लिए लेखा परीक्षित और अनुमोदित होने पर खाते सिवाय 3 महीने के भीतर खोजी गई त्रुटियों के) और 188 (सदस्यों को नोटिस जिनका कोई पंंजीकृत पता नहीं है) विलोपित किए जाने हेतु प्रस्तावित हैं।
नेशनल सिक्योरिटीज क्लियरिंग कॉर्पोरेशन लिमिटेड के लिए
आर. जयकुमार कंपनी सचिव
टिप्पणी : हिन्दी पाठ में भिन्नता की स्थिति अंगे्रजी पाठ अभिभावी होगा।
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BHARTIYA ANTAR RASHTRIYA BYOPARI PRIVATE LIMITED
(Under Liquidation)
New Delhi-110041
CIN: U51909DL2002PTC117658
FORM No. 155
[See Rule 329]
Members' voluntary winding up
Name of Company: BHARTIYA ANTAR RASHTRIYA BYOPARI PRIVATE LIMITED
Notice convening Final Meeting
Notice is hereby given in pursuance of section 497 that a General meeting of the members of the abovementioned Company will be held at the registered office of the Company at DDA Flat No. 632, GF, Block-B, Pocket-A, Lokanayak Puram , Bakkarwala, New Delhi -110041 on Tuesday, 20th day of June, 2017 at 11.00 A.M. for the purpose of having an account laid before them showing the manner in which the winding-up has been conducted and the property of the Company disposed of and of hearing any explanation that may be given by the liquidator and also of determining by a Special Resolution of the Company, the manner in which the books, accounts and documents of the Company and of the liquidator shall be disposed of.
Dated this : 25th March, 2017
For Bhartiya Antar Rashtriya Byopari Pvt. Ltd.
RAJESH ATTRI LiquidatorPART IV] THE GAZETTE OF INDIA, JUNE 17, 2017 (JYAISTHA 27, 1939) 1285
MULTI COMMODITY EXCHANGE CLEARING CORPORATION LIMITED
Subject to SEBI's (Securities and Exchange Board of India) approval, it is proposed to make the following Rules for Multi Commodity Exchange Clearing Corporation Limited. The proposed Rules are published for information/public comments/criticism. Any person having any comments/observations on the proposed Rules may send the same in writing to the undersigned at Multi Commodity Exchange Clearing Corporation Limited, Exchange Square, CTS No. 255, Suren Road, Chakala, Andheri (East), Mumbai – 400093 or through email to [email protected] within fifteen days from the date of this publication. The comments/observations received after the fifteenth day will not be considered and the draft will be taken into consideration immediately after the expiry of fifteen days.
PROPOSED RULES OF THE MULTI COMMODITY EXCHANGE CLEARING CORPORATION LIMITED
In exercise of the powers conferred under Section 9 of the Securities Contracts (Regulation) Act, 1956, the provisions of Securities Contracts (Regulation) Rules 1957 and with the previous approval of the Securities and Exchange Board of India, the Multi Commodity Exchange Clearing Corporation Limited makes the following Rules:
1. PREAMBLE
1.1 These Rules shall be known as "The Rules of Multi Commodity Exchange Clearing Corporation Limited" and shall herein after be referred to as the "Rules" or the "Rules of the Clearing Corporation."
1.2 These Rules shall come into force with effect from such date as the Securities and Exchange Board of India (hereinafter referred to as "SEBI") established under Securities and Exchange Board of India Act, 1992 (hereinafter referred to as "SEBI Act") or the Board of Multi Commodity Exchange Clearing Corporation Ltd, (hereinafter referred to as "the Clearing Corporation") may notify in that behalf.
1.3 Other Laws Applicable
These Rules shall be in addition and subject to the provisions of the Securities Contracts (Regulation) Act, 1956, (hereinafter referred to as "the SCRA") as may be amended from time to time and Rules and Regulations made thereunder and SEBI Act and Rules and Regulations made thereunder and the directives, orders, guidelines, norms, notices and circulars issued by the Government of India and/or SEBI from time to time.
2. DEFINITIONS and INTERPRETATION
2.1 Definition
2.1.1 "Applicant" means and includes any person or entity that submits an application for admission as a Clearing Member to one or more of the Clearing Segments in terms of these Rules, the Bye-laws and the Regulations of the Clearing Corporation.
2.1.2 "Arbitration" as a form of alternative dispute resolution (ADR), is a technique for the resolution of disputes outside the courts and the process as codified in these Bye-laws and the Regulations are mandated to be utilised for appropriate and swift resolution of disputes arising between Clearing Members inter-se and Clearing Members and their Clients/Constituents.
2.1.3 "Articles" means the Articles of Association of Multi Commodity Exchange Clearing Corporation Limited and includes any modification or alteration thereof for the time being in force.
2.1.4 "Board" means the Board of Directors of Multi-Commodity Exchange Clearing Corporation Ltd.
2.1.5 "Circular or Notice" means informational notifications or a binding communication issued from time to time by the Clearing Corporation to its Member(s) and the Market in general and transmitted by fax, e-mail or any other mode and manner which the Clearing Corporation may deem appropriate, including publication through the website and titled "Circular" or "Notice" accordingly.
2.1.6 "Clearing" means and includes the process of determining rights and obligations towards settling claims of one Clearing Member against the claims of another through the processes of the Clearing Corporation. The process of clearing is similar to bookkeeping, where the Clearing Corporation updates the relevant and respective databases by matching the buyer and seller of the Deal/transaction thereby confirming the obligations of one of the parties and the rights of the other.
2.1.7 "Clearing Agreement" means a binding agreement entered into between a Clearing Member and it's Constituent to handle and carry out all the Clearing and Settlement functions relating to Securities traded by the said Constituent on the Trading Platform of the said Exchange.
2.1.8 "Clearing and Settlement Account" means a bank account maintained by the Clearing Member with one of the designated or approved Clearing Banks and accordingly notified to the Clearing Corporation, from which all fund obligations owed to the Clearing Corporation by a Member or due1286 THE GAZETTE OF INDIA, JUNE 17, 2017 (JYAISTHA 27, 1939) [PART IV to a Member by the Clearing Corporation with respect to the Deals of the Member or its Clients or Constituents on the trading floor of the Concerned Exchange, will be made or received.
2.1.9 "Clearing Bank(s)" are such bank(s) as the Clearing Corporation may appoint to act as a funds settling agency, for the collection of margin money for all deals cleared through the Clearing Corporation and any other funds movement between Clearing Members and the Clearing Corporation and between Clearing Members inter-se as may be directed by the Clearing Corporation from time to time.
2.1.10 "Clearing Corporation" means the Multi-Commodity Exchange Clearing Corporation Ltd and its successors (if any).
2.1.11 "Clearing Member or Member" means a person admitted to the membership of the Clearing Corporation and having all rights of Clearing and Settlement pursuant to these Bye-Laws, the Rules and the Regulations of MCXCCL and includes all categories of Clearing Members of Multi Commodity Exchange of India Limited (MCX) and registered or have applied for registration with SEBI but does not include shareholder of the Multi Commodity Exchange Clearing Corporation Ltd.
2.1.12 "Clearing Segments" means and includes the different categories of Securities, within a Market Segment type, that the Concerned Exchanges make available to their respective Trading Members for Dealing on their Trading Platforms and has been agreed to by the Clearing Corporation for being admitted to its Clearing and Settlement mechanisms in terms of these Bye-Laws and categorized appropriately.
2.1.13 "Client or Constituent" means a person on whose instructions and on whose account the Clearing Member settles deals on the Clearing Corporation or as may be permitted by the Clearing Corporation and may also be called as investor;
Explanation 1: The terms 'Constituent' and 'Client' are interchangeably used in the Bye-Laws, Rules & Regulations and shall have the same meaning as assigned herein.
Explanation 2: Where the context requires, the term 'Constituent' in relation to trades shall also include a Trading Member where such trades including proprietary trades, done on the Concerned Exchange, are cleared and settled on his behalf by the Clearing Member.
2.1.14 "Close-out or Closing out or Square off" means the cancellation of an outstanding open position in one direction with an equal and opposite position.
2.1.15 "Committee" means a group or body of persons appointed by the Board or the Relevant Authority to undertake tasks or responsibilities specified by the Board or the Relevant Authority or the managing Director as the case may be and/or mandated under these Bye-Laws.
2.1.16 "Concerned Exchange" means any Stock Exchange including commodity and/or currency derivatives exchanges duly recognized under SCRA which has entered into an arrangement with the Clearing Corporation for carrying out all operational procedures and regulatory functions in the matter of Clearing and Settlement of the Deals executed on its trading platform between its Trading members so as to complete the fulfilment of the funds pay-in, Securities delivery and the related pay- out obligations concerning such Deals.
2.1.17 "Contract" means a contract for or relating to the purchase or sale of Securities;
2.1.18 "Custodian" means a Custodian as defined under Securities and Exchange Board of India (Custodian of Securities) Regulations, 1996
2.1.19 "Deal or a Trade" means an electronic transaction that arises pursuant to a buy order and sell orders placed at identical prices and specific and acceptable quantities by the Trading Members of the Exchange in respect of an approved Security or Contract and matching on the trading platform of an Exchange that gives rise to obligations to the buyer and seller in terms of the Byelaws, Rules and Regulations of the Concerned Exchange the Bye-laws, these Rules and Regulations of the Clearing Corporation.
2.1.20 "Declaration of default" means notification of a clearing member as a defaulter by the relevant authority.
2.1.21 "Default" means failure of a Clearing Member to perform a task or fulfill an obligation and has the same meaning as the term "Event of Default" defined in the Bye-Laws.
PART IV] THE GAZETTE OF INDIA, JUNE 17, 2017 (JYAISTHA 27, 1939) 12872.1.22 "Defaulter" means a Clearing Member who has been declared to be a Defaulter in accordance with the Bye-Laws and the Rules of the Clearing Corporation.
2.1.23 "Delivery" means the tender and receipt of warehouse receipts/or any other document of title to goods by issue of delivery order in settlement of a contract
2.1.24 "Depository" means a company formed and registered under the Companies Act, 1956 (1 of 1956), and which has been granted a certificate of registration under sub-section (1A) of section 12 of the Securities and Exchange Board of India Act, 1992 (15 of 1992).
2.1.25 "Event of Default" means any event that may lead to clearing member being declared defaulter by the relevant authority.
2.1.26 "Exchange" means the Concerned Exchange or any other exchange duly recognized under SCRA in terms of SCRA, which has entered into an agreement with the Clearing Corporation to clear and settle trades executed on such exchange subject to such terms and conditions as specified from time to time by the Clearing Corporation and the requirements of the SCRA.
2.1.27 "Exchange Member or Trading Member" means an entity admitted as to the Membership of the Concerned Exchange for trading of Securities or contracts that are permitted to be dealt on the Exchange and shall not mean and include a shareholder of the said Stock Exchange Company unless expressly stated. Membership of the Exchange in this context shall not mean or require or entitle shareholding in the Stock Exchange Company.
2.1.28 "Exchange Rules or Rules of the Exchange" means the Rules of the Concerned Exchange by whatever name it may be titled which is in force and as may be amended from time to time and include the Bye-Laws and Regulations/Business Rules of such Exchange.
2.1.29 "Exercise" means the invocation of a right in an option contract, in accordance with and subject to these Bye-laws, Rules and Regulations of Exchange or Clearing Corporation, by the right holder.
2.1.30 "Margin" means a deposit or payment of Collateral(s) to establish or maintain a position in a Security and includes among others Initial Margin, Additional Margin, Variation Margin, Tender Period Margin, Special Margin, Delivery Margin, Extreme loss margin or any other type of Margin as may be applicable and determined by Exchange and/or the Clearing Corporation from time to time.
2.1.31 "Membership" means the state of belonging to or being a part of a group of Members of the Clearing Corporation by virtue of being admitted as a Member in terms of these Rules and the Bye- laws of the Clearing Corporation.
2.1.32 "Net Capital" means the Net worth of a Member less deduction for assets not easily converted into cash at their full value.
2.1.33 "Net worth" means the total assets of a Member minus its total outside or the assets owned by a Member minus any debt owed.
2.1.34 "Relevant Authority" means and includes the Managing Director and/or the CEO of the Clearing Corporation along with the senior management executives /functionaries of the Clearing Corporation who are delegated with appropriate authority and empowered to conduct the affairs of the various areas of functioning of the Clearing Corporation.
2.1.35 "Regulations" mean and include all the operational principles, and parameters designed to govern and control the Clearing and Settlement processes and the management and conduct of the Clearing Corporation that are to be followed by management of the Clearing Corporation, all the participants and the Clearing Members.
2.1.36 "Rules" mean the Rules of the Multi Commodity Exchange Clearing Corporation Limited approved by the SEBI under the SCRA and the Rules and Regulations made thereunder and/or the SEBI Act and the Rules and Regulations made thereunder.
2.1.37 "SCRA" is the abbreviation for Securities Contracts (Regulation) Act 1956.
2.1.38 "SCRR" is the abbreviation for Securities Contracts (Regulation) Rules 1957.
2.1.39 "SEBI" is the abbreviation for Securities and Exchange Board of India.
2.1.40 "SECC" is the abbreviation for Securities Contracts (Regulation) (Stock Exchange and Clearing Corporations) Regulations 2012.
1288 THE GAZETTE OF INDIA, JUNE 17, 2017 (JYAISTHA 27, 1939) [PART IV2.1.41 "Security or Securities" include –
i. shares, scrips, stocks, bonds, debentures, debenture stock or other marketable securities of a like nature in or of any incorporated company or other body corporate;
ii. derivative;
iii. units or any other instrument issued by any collective investment scheme to the investors in such schemes;
2.1.42 "Settlement Guarantee Fund" means a fund established and maintained by the Clearing Corporation in accordance with these Bye-Laws.
2.1.43 "Transactions or Deal or Trading and to Trade" and such similar expressions for the purposes of these Bye-Laws shall mean Deals as defined in these Bye-Laws and also refer to Securities transactions that are to be Cleared and Settled through the Clearing Corporation.
2.1.44 "Warehouse" means and includes any place of storage, godown, tank, silos, store house, vault etc. where the commodities are capable of being received and stored.
2.2 Interpretation
2.2.1 Unless the contrary intention is provided for:
(a) a reference to any gender includes the other.
(b) words in these Rules in the singular include the plural and words in the plural include the singular.
(c) a reference to a 'time' is reference to a time as in India unless specified otherwise.
(d) where a reference is made in these Rules to any provisions of SCRA or SCRR or the SEBI Act or any other provisions in Law or statute, it is a reference to the said provision as amended from time to time.
(e) where a reference is made in these Rules to a statutory provision, it refers to the laws of India.
(f) a reference to any legislation or law or to any provision thereof shall include references to any such law as it may, after the date hereof, from time to time, be amended, supplemented or re-enacted and any reference to any enactment shall include any subordinate legislation made thereunder from time to time.
2.2.2 Headings are for convenience only and shall not affect the interpretation of these Rules.
2.2.3 Subject to these Rules, the decision of the Clearing Corporation shall be final in relation to the interpretation of these Rules against a Clearing Member, any of their affiliated clients (who are Members of the Concerned Exchanges), Clearing Banks, Warehousing entities, Warehouse Service Providers, depositories, vaults or any third party involved in rendering relevant services and the Concerned Exchanges.
2.2.4 In these Rules, reference to knowledge of a Clearing Member shall include reference to the knowledge of a Director, Controller, shareholder, officer, employee or representative or agent of that Clearing Member or entity or agency as the case may be.
2.2.5 The words and terms defined above shall mean the same when used in lower case in these Rules, unless the context indicates otherwise.
2.2.6 Words and expressions used in these Rules but not defined herein shall have the same meaning assigned to them under the relevant Acts and Rules or Regulations made thereunder as the case may be.
2.2.7 These Rules shall be interpreted in a harmonious manner with a view to complying with the requirements of the Relevant Acts and the Bye-laws & Regulations made thereunder, to effectuate the purposes and businesses of the Clearing Corporation and to ensure that all practices in connection with the business of the Clearing Corporation as well as the functions of Clearing and Settlement process of Deals executed on the Concerned Exchanges are conducted in a fair, just, reasonable manner in order to maintain the integrity of the markets, protect the investors trading on the Concerned Exchanges, the Clearing Members of the Clearing Corporation as well as the Concerned Exchange on whose behalf the Clearing and Settlement functions are being carried out.
PART IV] THE GAZETTE OF INDIA, JUNE 17, 2017 (JYAISTHA 27, 1939) 12893. APPLICATION OF RULES
3.1 These Rules shall govern the Clearing, Settlement of Deals/Contracts and delivery of the Securities traded on the Concerned Exchange(s) that mandate the Clearing Corporation to extend its Clearing and Settlement infrastructure and facilities for Clearing and Settlement of the Deals/Contracts that are executed on the trading platform of such exchanges.
3.2 These Rules shall also apply to all types of Market Segments of the Concerned Exchange(s) unless the context requires otherwise or unless otherwise specified by the Concerned Exchanges or the Clearing Corporation from time to time.
3.3 These Rules shall also apply to:
a. all Clearing Members of the Clearing Corporation and their Authorised Users where applicable;
b. the Clearing Members of the Clearing Corporation inter-se;
c. the Members of the Concerned Exchange who arrange to get themselves affiliated to the Clearing Members of the Clearing Corporation where such exchange has entered into a binding arrangement with the Clearing Corporation to Clear and Settle the Deals that are executed by such Members on the trading platform of such exchange;
d. the Concerned Exchanges that enter into a binding arrangement or agreement with the Clearing Corporation for facilitating the Clearing and Settlement functions along with all associated and related functions in relation with the Deals/contracts executed on the trading platform of such exchanges;
e. such other persons or entities including among others one or more Warehouse Service Providers, warehousing entities, depositories and/or secured vaults, Clearing Banks, Custodians and such other agencies who render appropriate services of the Clearing Corporation and fulfilment of the settlement of the Deals executed on the trading platform of the Concerned Exchanges by its members; and
f. any other entity or agency as the Relevant Authority may specify or notify from time to time,
3.4 These Rules shall be subject to the provisions of the Securities Laws.
3.5 Unless specifically exempted, these Rules shall apply to all or any of the Clearing Segments that are operative on or handled by the Clearing Corporation and as may be specified by the Clearing Corporation from time to time.
3.6 Unless otherwise provided under these Rules, a third party has no rights to enforce any provisions of these Rules, Bye-Laws or any Regulations framed thereunder.
4. BOARD AND MANAGEMENT OF THE CLEARING CORPORATION
4.1 Subject to the provisions of the Securities Laws and in accordance with the provisions contained in the Articles and Memorandum of Association of the Multi Commodity Exchange Clearing Corporation Ltd, the Board of Directors shall have:
4.1.1 complete and absolute jurisdiction over all matters of the Clearing Corporation and all Clearing Members and shall have supervisory jurisdiction over any and all subjects and matters referred to any Committee or employee(s) of the Clearing Corporation and may direct and control their actions or proceedings at any stage thereof.
4.1.2 absolute power and right to interpret the Rules, Bye-Laws and Regulations of the Clearing Corporation and to decide all points, questions and disputes relating to the Clearing Corporation matters and relating to the administration, functions, working and affairs of the Clearing Corporation and relating to the conduct of Clearing Members.
4.1.3 Any interpretation made or decision taken by the Board of Directors shall be final and conclusive and binding on the parties concerned without prejudice to the powers of the Board of Directors to review, revise, rescind or clarify the same.
4.2 The Board is empowered to:
4.2.1 organise, maintain, control, manage, regulate and facilitate the operations of the Clearing Segments of the Clearing Corporation in respect of the Securities and Contracts dealt with on the trading platform of the Concerned Exchanges, the Clearing and Settlement processes and mechanisms and the functioning of the Clearing Members
4.2.2 make Rules, for all or any matters relating to the conduct of business of the different Clearing Segments and Sub-Segments if any, of the Clearing Corporation, the business and transactions of1290 THE GAZETTE OF INDIA, JUNE 17, 2017 (JYAISTHA 27, 1939) [PART IV Clearing Members, between Clearing Members inter-se as well as the business and where applicable, transactions between Clearing Members and persons who are not Clearing Members from time to time, and
4.2.3 control, define and regulate all such transactions and dealings and to do such acts and things which are necessary for the purposes of the different Clearing Segments of the Clearing Corporation.
4.3 Without prejudice to the generality of the foregoing, the Board is empowered to make Regulations for all or any of the following matters:
a. conduct of business of the different Clearing segments of the Clearing Corporation;
b. appointment and dissolution of Committee or Committees for any purpose of the Clearing Corporation;
c. manner of operations and interfacing with the Concerned Exchanges, Custodians, Depository, Warehouses and Warehouse Service Providers, Clearing bank(s) and such other service providers that the Clearing Corporation may appoint or deal with for the purposes of accomplishing it's functions as a Clearing Corporation in relation to the Deals executed by Trading Members on the Trading Platform of the Concerned Exchanges;
d. determine, different categories of Clearing Members that may be admitted to the Membership of the Clearing Corporation;
e. norms, procedures, terms and conditions for admission to the membership of the different Clearing Segments of the Clearing Corporation;
f. conditions, levy for admission or subscription for admission or continuance of Clearing Membership of the different Clearing Segments of the Clearing Corporation;
g. conduct of Clearing Members with regard to the business of the Clearing Corporation;
h. prescription, from time to time, of Net Capital requirements or the capital adequacy or Net worth and other norms which shall be required to be maintained by different categories of Clearing Members;
i. charges payable by Clearing Members for business transacted through the different Clearing segments of the Clearing Corporation;
j. maintenance of records and books of accounts by Clearing Members as may be specified from time to time;
k. investigation of the financial condition, business conduct and dealings of the Clearing Members;
l. prescription from time to time, and administration of penalties, fines and other consequences, including suspension/expulsion of Clearing Members from the different Clearing Segments of the Clearing Corporation or from the Membership of the Clearing Corporation itself for violation of any requirements of the Rules, Bye Laws and Regulations and the prescribed and expected standards of the codes of conduct;
m. disciplinary action/procedures against any Clearing Member;
n. penalties for non-compliance with or contravention of the Bye Laws, these Rules and Regulations or of general discipline of the different Clearing Segments of the Clearing Corporation, including expulsion or suspension of the Clearing Members;
o. declaration of any Clearing Member as a Defaulter or suspension or resignation or expulsion from Clearing Membership and consequences thereof;
p. norms relating to surrender, resignation or withdrawal from the Membership from one or more of the Clearing Segments or of the Clearing Corporation itself and norms for re-admission of a Member;
q. norms relating to restrictions that may be required to be placed on the Clearing and Settlement activities of a Clearing member and those relating for withdrawing such restrictions so placed.
r. norms for accreditation of Warehouses and Warehousing Service Providers (also referred to as the WSP) relating to financial status, governance of the WSP, physical facilities and infrastructure at the sites, existence of internal audit and supervision of its activities, insurance cover that is available to the WSP;
s. norms for appointment of Clearing banks including among others the financial condition relating to the safety of funds, branch network and reach, and existence of appropriate infrastructure for swift and smooth transmission of funds;
PART IV] THE GAZETTE OF INDIA, JUNE 17, 2017 (JYAISTHA 27, 1939) 1291t. norms and procedures in respect of, and incidental or consequential to, closing out of contracts/deals;
u. norms for Settlement of disputes, complaints, claims arising between Clearing Members inter-se or between Clearing Members and clients arising out of or relating to any transactions in securities including settlement by conciliation or arbitration and norms and procedures thereof including implementation of arbitration awards;
v. such other matters in relation to the Clearing Corporation as may be specified under the provisions of the Articles of Association, Bye Laws or these Rules or as may be necessary or expedient for the organisation, maintenance, control, management, regulation and facilitation of the operations of the Clearing Corporation.
4.4 The Board is empowered to delegate, from time to time, to any Committee(s) or to the Managing Director/ CEO of the Clearing Corporation or to any Senior Executive of the Clearing Corporation or any other person as it may deem fit, such of the powers vested in it and on such terms as it may think fit, to manage all or any of the affairs of the various Clearing Segments of the Clearing Corporation and from time to time, to revoke, withdraw, alter or vary all or any of such powers.
4.5 The Board may, from time to time, constitute one or more Committees comprising of members of the Board or such others as the Board may in its discretion deem fit or necessary and delegate to such committees such powers as the Board may deem fit and the Board may from time t o time revoke such delegation.
4.6 The Board shall have the authority to issue directives from time to time to any of the Committees so constituted or any other person or persons to whom any powers have been delegated by the Board.
Such directives issued in exercise of this power, which may be in the nature of a policy or may include directives to dispose off a particular matter or an issue, shall be binding on the concerned Committee(s) or such person(s).
4.7 The Board is empowered to vary, amend, repeal or add to Bye Laws and Rules framed by it with prior approval of SEBI, if an y.
4.8 The Board is authorised to vary, amend, repeal or add to Regulations framed by it. Such changes shall be intimated to SEBI.
4.9 The Members of the Board and of such Committees as may be appointed to hold such office shall adhere to the Code of Ethics as specified by SEBI.
5. COMMITTEE(S)
5.1 Constitution
One or more Committee(s) may be appointed by the Board for the purposes of managing the day to day affairs of the different Clearing Segments or Sub-segment(s) of the Clearing Corporation or to advise the Management of the Clearing Corporation on such matters as the Management of the Clearing Corporation may so request . The Board may decide on the constitution, duration and powers of the Committee(s), nomination and vacation of the nominees from the Committee(s) and appointment of office bearers and norms and procedures for the functioning of the Committee(s).
5.2 Nomination of Members of the Committees:
5.2.1 Each Committee so constituted may, unless otherwise specified to the contrary by SEBI, include one or more of the following category of persons:
a. the Managing Director/CEO and/or one or more of the employees of the Concerned Exchange;
b. one or more members of the Board of Directors of the Clearing Corporation;
c. persons of eminence in the field of finance, accounting, law, capital markets, risk management, information technology, telecommunications or other discipline like experts or specialists in specific commodities; and
d. any other person that the Relevant Authority may deem appropriate.
5.2.2 No Clearing Member of the Clearing Corporation or the Exchange shall be inducted into any of the Committees so constituted, unless specifically approved by SEBI.
5.2.3 A Committee so constituted may constitute amongst its own Members, one or more sub-Committees, subject to the terms and conditions of its own constitution, for such purposes as it may deem fit. The constitution, powers and responsibilities of such sub-committee(s) may be determined by the Committee which constitutes such sub-committee(s).
1292 THE GAZETTE OF INDIA, JUNE 17, 2017 (JYAISTHA 27, 1939) [PART IV5.2.4 The Managing Director/CEO may also constitute a Committee or Committees as he or it may deem fit in the manner laid down under Rule 5.
5.2.5 The Board of Directors shall constitute such Committees as shall be prescribed/required by SEBI, from time to time. All such Committees shall function/operate in such manner to be in accordance with these provisions to the extent that such provisions are not contrary to those specified by SEBI/ Clearing Corporation from time to time.
5.3 Tenure Of Members of Committee
The tenure of the members of a Committee shall be for a period as may be specified in case of each Committee, by the Relevant Authority and in case of each sub-committee, by the Committee constituting such sub-committees.
5.4 Disqualification of a Member
No person shall be eligible to be appointed as a member of a Committee or shall be entitled to continue as such, if he suffers any disqualification applicable to a member as specified in these Rules, Regulations & Bye-Laws or the Articles of Association of the Clearing Corporation or as specified by the Board of Directors or SEBI and such a member shall, ipso facto, vacate the office, if he suffers any such disqualification.
5.5 Chairman of the Committee
The members of the Committee may elect a Chairman from amongst themselves.
5.6 Committee meetings and proceedings
5.6.1 A Committee may meet at such intervals as it may decide, adjourn and otherwise regulate its meetings and proceedings as it think fit.
5.6.2 A Committee may meet and adjourn as it thinks proper.
5.6.3 Questions arising at any meeting of a Committee shall be determined by a majority of votes of the members present; In case of an equality of votes of members present, the Chairman of the Committee shall have a second or casting vote in addition to his vote as a member of the Committee.
5.6.4 At all meetings of the Committee, the Chairman of the Committee shall ordinarily preside and in his absence, the members of the Committee present may choose one from among themselves to be the Chairman of such meeting in accordance with the manner prescribed, if any, by SEBI/Clearing Corporation. Any member of the Committee shall disclose the interest in the business, if any, before the meeting and shall abstain from discussions, voting and decisions on the said matter. If Chairman is having such interest, he shall abstain from chairing the meeting.
5.6.5 Non-attendance or voting by proxy shall be allowed in a Committee meeting in respect of any matter.
5.6.6 The Committee at its meeting at which a quorum is present, shall be competent to exercise all or any of the powers and discharge functions vested in or exercisable by such Committee.
5.7 Quorum for Committee meetings
The quorum for every Committee meeting shall be one-third of the total strength of each Committee or two (2), whichever is higher, except in the case of a sole-member Committee.
5.8 Powers of Committee(s)
5.8.1 The Board may delegate from time to time to the Committee(s) such of the powers vested in it and upon such terms as it may think fit, to manage all or any of the affairs of the Clearing Segments of the Clearing Corporation and from time to time, to revoke, withdraw, alter or vary all or any of such powers.
5.8.2 The Committee(s) shall be bound and obliged to carry out and implement any directives issued by the Board from time to time and shall be bound to comply with all conditions of delegation and limitations on the powers of the Committee(s) as may be specified.
6. POWERS OF THE RELEVANT AUTHORITY
6.1 Without prejudice to the generality of the foregoing powers of the Committee and to any power or authority impliedly and expressly conferred by any Rules, Bye-Laws and Regulations for the time being in force, thePART IV] THE GAZETTE OF INDIA, JUNE 17, 2017 (JYAISTHA 27, 1939) 1293 Relevant Authority shall have the following duties and powers in accordance with the policy laid down by the Clearing Corporation from time to time:
6.1.1 Implementing the decisions or policies specified by the Clearing Corporation on all matters relating to market regulation and compliance of the measures taken concerning the following matters and levy of penalties for non-compliance, excluding the specific areas assigned to any Committee by the Relevant Authority:
a. disciplining a Clearing Member in all aspects of his dealing and settlement on the Clearing Corporation and in relation to any or all of its business transactions in securities,
b. Settlement of all transactions in securities entered by a Clearing Member with its clients,
c. imposition of various types of margins including special margins,
d. withdrawal or restriction of the clearing facility of a Clearing Member for non-fulfillment of obligations relating to clearing membership, margin and settlement or due to surveillance measures,
6.1.2 causing to maintain registers, documents and records as required by the Rules, Bye-Laws and Regulations;
6.1.3 receiving and resolving complaints and making such enquiry and collecting such information as may be required and initiating necessary action as provided in the Rules, Bye-Laws and Regulations;
6.1.4 taking consequential action pursuant to any circulars, directives or inspection report issued by SEBI;
6.1.5 signing and issuing or causing to sign and issue all notifications and press releases;
6.1.6 enforcing the directives, orders, guidelines, norms and circulars issued by Government of India or SEBI or Relevant Authority, from time to time, and under the Rules, Bye-Laws and Regulations;
6.1.7 recovering of various amounts due and payable by Clearing members to the Clearing Corporation/SEBI by debiting the accounts of Clearing Members;
6.1.8 approving change of status or constitution and transfer in respect of clearing membership;
6.1.9 calling upon attendance and information including books, papers, documents and other records or information from any Clearing Member who are already admitted as Clearing Members or from members which are seeking admission to the Clearing Corporation;
6.1.10 taking suitable measures relating to clearing so as to safeguard and protect the interests of the Clearing Corporation, Clearing Members and their Clients
6.1.11 calling upon for examination and investigation of the business and conduct and dealings of the Clearing Members
6.1.12 representing the Clearing Corporation as its official representative in all matters
6.1.13 performing such other duties and functions as are incidental and ancillary for the performance of the above duties and exercising such other powers as may be delegated to him by the Relevant Authority or as may be entrusted to him by SEBI
7. CLEARING MEMBERSHIP
7.1 Multiple Category
The rights, privileges duties and responsibilities of a Clearing Member shall be subject to and in accordance with the Rules, Bye Laws and Regulations. The Relevant Authority may define and admit more than one category of Clearing Members for the same Clearing Segment or for different Clearing Segments and may specify different norms including eligibility, admission and cessation including surrender of Membership for different Segments.
7.2 Admission and Fees
7.2.1 The Relevant Authority may specify different categories of Clearing Members and the requirements regarding their qualification, financial net worth, infrastructure and other relevant norms for each such category and/or Clearing Segment.
7.2.2 The Relevant Authority may specify pre-requisites, conditions, formats and procedures for application for admission, termination, re-admission, etc. of Clearing Members to all or any of the1294 THE GAZETTE OF INDIA, JUNE 17, 2017 (JYAISTHA 27, 1939) [PART IV clearing Segments of the Clearing Corporation. The relevant a u t h o r i t y may, at its absolute discretion, refuse permission to any Applicant to be admitted as Clearing Member to all or any of the Clearing Segments.
7.2.3 Such fees, security deposit, contribution and other money as are specified by t h e Relevant Authority would be payable on or before admission as Clearing Member and for continued appointment thereof.
7.3 Eligibility
The following persons shall be generally eligible to become Clearing Members of the Clearing Corporation:
a. Individuals;
b. Firms registered under the Indian Partnership Act, 1932;
c. A public financial institution as defined in section 4A of the Companies Act, 1956 (1 of 1956) or section 2(72) of the Companies Act 2013;
d. A bank included for the time being in the Second Schedule to the Reserve Bank of India Act, 1934 (2 of 1934);
e. A foreign bank operating in India with the approval of the Reserve Bank of India;
f. A state financial corporation established under the provisions of section 3 of the State Financial Corporations Act, 1951 (63 of 1951);
g. An institution engaged in providing financial services, promoted by any of the institutions mentioned in sub clause (c) to (f) jointly or severally;
h. A custodian of securities who has been granted a certificate of registration by the Board under sub- section (1A) of section 12 of the SEBI Act;
i. Stock broker who has been granted a certificate of registration by the Board under sub-section (1) of section 12 of the SEBI Act ;
j. A company as defined under the Companies Act, 1956 or in any statutory modification or re- enactment thereof;
k. A registrar to an issue or share transfer agent and who has been granted a certificate of registration by the Board under sub – section (1) of Section 12 of the SEBI Act.];
l. A limited liability partnership formed and registered under the Limited Liability Partnership Act, 2008, or any statutory modification or re- enactment thereof.
m. Any other entity permitted by SEBI.
7.3.1 However, based on the nature, requirements and complexity of certain specific Clearing Segments or Sub-segments that may be introduced by the Clearing Corporation, the Relevant Authority may prohibit or refuse to allow one or more of the aforesaid entities to be admitted to the Membership of such Clearing Segment or may impose additional criteria regarding the eligibility of such entities.
7.3.2 No person or entity shall be admitted as a Clearing Member if such proposed member:
a. is an individual who has not completed 21 years of age;
b. has been adjudged bankrupt or a receiving order in bankruptcy has been made against the person or the person has been proved to be insolvent even though he has obtained his final discharge;
c. has compounded with his creditors for less than full discharge of debts;
d. has been convicted of an offence involving a fraud or dishonesty;
e. is a body corporate which has committed any act which renders it liable to be wound up under the provisions of the law;
f. is a body corporate which has had a provisional liquidator or receiver or official liquidator appointed to the person;
g. has been at any time expelled or declared a Defaulter by any stock exchange or another clearing corporation;
PART IV] THE GAZETTE OF INDIA, JUNE 17, 2017 (JYAISTHA 27, 1939) 1295h. has been previously refused admission to Clearing Membership unless the period of one year has elapsed since the date of rejection;
7.3.3 No limited liability Partnership shall be eligible to be admitted to the clearing membership of the Clearing Corporation unless:
a. the Limited Liability Partnership is formed and registered under the Limited Liability Partnership Act, 2008.
b. the Limited Liability Partnership complies with the conditions of Rule 8(6) of the Securities Contract (Regulation) Rules, 1957 pertaining to Limited Liability Partnership.
7.4 Additional Eligibility Criteria
No person shall be eligible to be admitted to the Clearing Membership unless the person satisfies such additional eligibility criteria as the Board or the Relevant Authority may prescribe from time to time for different classes of Clearing Members;
Provided however that the Relevant Authority may waive compliance with any or all of the admission conditions and at its discretion waive the requirements set out as above, if it is of the opinion that the person seeking admission is considered by the Relevant Authority to be otherwise qualified to be admitted as a Clearing Member by reason of his means, position, integrity, knowledge and experience of business in securities.
7.5 Admission
7.5.1 Any person or entity desirous of seeking Membership under any of the eligible category of Clearing Membership and in respect of one or more of the Clearing Segments to which such person or entity shall be eligible shall apply to the Clearing Corporation in the for m and manner p rescribed for such purposes. Every application shall be dealt with by the Relevant Authority which shall at its discretion admit or reject or selectively grant admission to one or more of the Clearing Segments applied for by such Applicant.
7.5.2 The application for admission of Clearing Members under different categories of Membership to one or more Clearing Segments shall be made in such formats as may be specified by the Relevant Authority from time to time.
7.5.3 An existing Clearing Member may at any time and based on its eligibility, seek admission as a Member to additional Clearing Segments of the Clearing Corporation and such application may be dealt with by the Relevant Authority in the same manner as it would while evaluating a new Applicant.
7.5.4 The application shall have to be submitted along with such fees, security deposit and other monies in such form and in such manner as may be specified by the Relevant Authority from time to time with reference to each category of Membership and Clearing Segment.
7.5.5 The Applicant shall have to furnish such declarations, undertakings, certificates, confirmations and such other documents or papers as may be specified from time to time by the Relevant Authority.
7.5.6 The Relevant Authority shall have the right to call upon the Applicant to pay such fees or deposit such additional security in cash or kind, deposit or contribution to Core Settlement Guarantee Fund and any other fund that may be maintained by the Clearing Corporation from time to time, to furnish any additional guarantee or to require contribution to any additional fund or fee as the Relevant Authority may prescribe from time to time.
7.5.7 The Relevant Authority may provisionally admit the Applicant to the Clearing Membership, Category wise and Clearing Segment wise, provided that the Applicant satisfies the eligibility conditions and other procedures and requirements of application subject to such terms and conditions as may be specified by the Relevant Authority. Upon the Relevant Authority being satisfied that all other terms and conditions and other requirements for the Clearing Membership have been complied with, the Applicant may be, on a provisional basis, admitted as a Clearing Member. The granting of provisional membership shall not entitle the Applicant to any privileges and rights of Clearing Membership.
7.6 The Relevant Authority may at its absolute discretion reject a Membership application, for admission to the Clearing membership of the Clearing Corporation or to any particular Clearing Segment of the Clearing Corporation without assigning or communicating the reason thereof.
1296 THE GAZETTE OF INDIA, JUNE 17, 2017 (JYAISTHA 27, 1939) [PART IV7.7 If for any reason the application is rejected, as in (7.6) above, the application fee or admission fee, if any, as the case may be or part thereof as may be decided by the Relevant Authority Relevant Authority may at its discretion be refunded to the Applicant, without any interest.
7.8 The Relevant Authority may at any time from the date of admission to the Clearing Membership withdraw the admission of and/or expel a Clearing Member or from a particular Clearing Segment, if he has in or at the time of his application for admission to membership or during the course of the inquiry made by the Relevant Authority preceding his admission :
a. made any willful misrepresentation; or
b. suppressed any material information required of him as to his character and antecedents; or
c. has directly or indirectly given false particulars or information or made a false declaration.
7.9 Transfer of Membership
7.9.1 The membership admission does not confer any ownership right as a member of the Clearing Corporation and shall not be transferable or transmittable except as herein mentioned. 7.9.2 Subject to such terms and conditions as the Relevant Authority may prescribe from time to time and to the prior written approval of the Relevant Authority, transfer of the Clearing Membership, may be effected as follows:
a. by making nomination under these Rules;
b. by an amalgamation or merger of a Clearing Member company;
c. by takeover of a Clearing Member company; d. by transfer of the Clearing Membership of a Clearing Member firm to a new firm, in which, all the existing partners are not partners; and
e. by two or more Clearing Members / Clearing Member firms coming together to form a new partnership firm/company.
7.9.3 A Clearing Member or his successor(s) may make a nomination to Clearing Membership. The nomination(s) made by a Clearing Member or successor(s) of a Clearing Member shall be subject to the following conditions, namely: a. The nominee(s) shall, at the time when the nomination becomes effective, be person(s) who shall be qualified to be admitted as Clearing Member(s) of the Clearing Corporation;
b. The nominee(s) shall give to the Relevant Authority his/their unconditional and irrevocable acceptance of his/their nomination;
c. A Clearing Member shall nominate one or more of his successor(s) as per the applicable succession laws. If the Clearing Member has no successor(s) willing to carry on the Clearing Membership, then, the Clearing Member may nominate person(s) other than his successor(s);
d. If the Clearing Member has not nominated any person and is rendered incompetent to carry on his business on the Clearing Segment(s) of the Clearing Corporation on account of physical disability, then the Clearing Member may, within a period of six months, make a nomination as per the provisions of sub- clause (c) above;
e. If the Clearing member has not nominated any person, the successor(s) of the Clearing Member may nominate one or more persons from among themselves within six months from the date of the death of the Clearing Member;
f. If the nomination of the Clearing Member is such that it cannot be given effect to by the Relevant Authority, at the time when the nomination would have become effective, then the successor(s) of such a Clearing Member may nominate any other person(s) within six months from the date on which the nomination would have become effective;
g. If more than one person(s) are nominated by the Clearing Member or the successor(s), then such nominated person(s) shall be required to form a company to carry on the Clearing Membership;
h. A nomination made by a Clearing Member or successor(s) may be revoked with the prior written approval of the Relevant Authority and subject to such terms and conditions as the Relevant Authority may prescribe from time to time. and
i. The nomination shall become effective in the case of a nomination made by a Clearing Member, from the date of his death or physical disability or from the date of approval by thePART IV] THE GAZETTE OF INDIA, JUNE 17, 2017 (JYAISTHA 27, 1939) 1297 Relevant Authority, whichever is later and in the case of a nomination made by successor(s), from the date on which such nomination is made or from the date of approval by the Relevant Authority, whichever is later.
7.9.4 The Relevant Authority may also permit the transfer of Clearing Membership in the following circumstances :
a. death of a Clearing Member;
b. if in the opinion of the Relevant Authority, the Clearing Member is rendered incompetent to carry on his business on the Clearing Segment(s) of the Clearing Corporation on account of physical disability;
c. upon amalgamation or merger of a Clearing Member company;
d. upon takeover of a Clearing Member company; and
e. upon the death of or resignation or notice of dissolution by a partner of a Clearing Member firm, and re-alignment, if any, by the partners in such firm or by the partners in such firm and the nominee(s)/successor(s) of the outgoing partner or by the partners in such firm and person(s) other than the nominee(s)/successor(s) of the outgoing partner in a new firm, within a period of six months from the date of such death or resignation or notice of dissolution.
7.9.5 The Relevant Authority may, while permitting the transfer, prescribe from time to time such transfer fee as it deems fit in the following circumstances, viz,
a. nomination by a Clearing Member of a person other than successor(s) under the applicable laws;
b. nomination by the successor(s) of a Clearing Member, if the nominee(s) is/are not from amongst the successors;
c. amalgamation or merger of a Clearing Member company with a non-Clearing Member company resulting in the loss of majority shareholding and/or control of management by the majority shareholders of the Clearing Member company;
d. takeover of the Clearing Member company by non- Clearing Member(s) resulting in the loss of majority shareholding and/or control of management by the majority shareholders of the Clearing Member company; and
e. in the case of sub-clause (e) of clause (7.9.4), if the person(s) other than the nominee(s)/successor(s) of the outgoing partner hold at least 51% of share in the capital of the new firm.
Explanation I
For the purpose of sub-clauses (c) and (d) above, the term "loss of majority shareholding" means a shareholder or a group of shareholders holding 51% or more shares / interest in the Clearing Member company ceases to hold 51% of shares / interest in the Clearing Member company or in the amalgamated company which shall take up Clearing Membership upon amalgamation of the Clearing Member company with a Non Clearing Member company.
Explanation II
For the purpose of sub-clauses (c) and (d) above, the term "loss of control in management" means the loss of the right to appoint majority of the directors or to control the management or policy decision exercisable by person or persons acting individually or in concert, directly or indirectly including by virtue of their shareholding or management rights or shareholders agreements or voting agreements or in any other manner.
7.9.6 For the purpose of the clauses (b) to (e) of 7.9.5, the term 'Clearing Member' shall, to the extent applicable, include a partner of a Clearing Member firm or a shareholder of a Clearing Member company. The term successor(s) shall to the extent applicable, includes successor(s) of a partner of a Clearing Member firm or successor(s) of a shareholder of a Clearing Member company.
7.9.7 For the purpose of the clauses (7.9.2) to (7.9.6), the term 'Clearing Member' shall, to the extent applicable, include a partner of a Clearing Member firm or a shareholder of a Clearing Member company. The term successor(s) shall to the extent applicable, includes successor(s) of a partner of a Clearing Member firm or successor(s) of a shareholder of a Clearing Member company.
1298 THE GAZETTE OF INDIA, JUNE 17, 2017 (JYAISTHA 27, 1939) [PART IV7.9.8 Without prejudice to any other provision of these Rules, the Clearing Membership may be suspended, for such period as the Relevant Authority may deem fit, in the following circumstances :
a. upon the individual Clearing Member or a partner of a Clearing Member firm or a shareholder of a Clearing Member company, in the opinion of the Relevant Authority, being rendered incompetent to carry on his business on account of physical disability;
b. upon the mental disability of the individual Clearing Member or a partner of a Clearing Member firm provided the partner holds at least 51% of share in the profits & losses of and/or at least 51% of share in the capital of such firm or a shareholder of a Clearing Member company provided the shareholder is a majority shareholder in such Clearing Member company;
c. upon the death of an individual Clearing Member or a partner of a Clearing Member firm provided the partner holds at least 51% of share in the profits & losses of and/or at least 51% of share in the capital of such firm or a shareholder of a Clearing Member company, provided the shareholder is a majority shareholder in such Clearing Member company and during the six month period within which successor(s) of such individual Clearing Member partner or shareholder, may nominate person(s) to take up the stake/shares of such deceased individual Clearing Member or partner or shareholder;
d. upon the dissolution of a Clearing Member firm and during the six month period as referred to in sub clause (c);
e. and upon any deadlock in the management of a Clearing Member firm or Clearing Member company, which, in the opinion of the Relevant Authority will affect the ability of such Clearing Member firm or Clearing Member company to carry on its business. The Clearing Member shall be entitled for an opportunity for representation before the Relevant Authority, before being suspended under this sub-clause, but the decision of the Relevant Authority shall be final.
Explanation I
For the purposes of this sub-clause, the term "Deadlock in the Management" means a situation wherein there is a loss of confidence or disagreement among the partners of a Clearing Member firm or among the directors/shareholders of a Clearing Member company, which, in the opinion of the relevant authority, will affect or is likely to affect the conduct of business by the Clearing Member firm or Clearing Member company, as the case may be or an equality of vote at a meeting of the directors or shareholders of a Clearing Member Company.
7.9.9 Without prejudice to any other provision of these Rules, the Clearing Membership may be terminated by the Relevant Authority if an acceptable nomination or realignment, as the case may be, does not take place to the satisfaction of the Relevant Authority, within the said period of six months.
7.9.10 The nominee(s), successor(s), partners of a Clearing Member firm or such other persons, as the case may be shall be entitled for an opportunity for representation before the Relevant Authority, before being terminated under clause (7.9.9) above, but the decision of the Relevant Authority shall be final.
7.9.11 Conversion of legal status of the Clearing Member
Subject to such terms and conditions as the Relevant Authority may prescribe from time to time and to the prior written approval of the Relevant Authority, conversion of the legal status of a Clearing Member may be effected as follows:
i. by conversion of an individual Clearing Member into a partnership firm/company.
ii. by conversion of a Clearing Member firm into a company.
iii. Any other conversion that the Relevant Authority may deem fit.
7.9.12 The Relevant Authority may permit the conversion of the legal status of the Clearing Member in the following circumstances :
a. in the case of sub-clause (i) of clause (7.9.11), the individual Clearing Member holds and continues to hold at least 51% of the share in the profits/losses and/or at least 51% of share in the capital of the partnership firm, or at least 51% of shareholding / interest in the company, which shall take up the Clearing membership of the Clearing Corporation.
PART IV] THE GAZETTE OF INDIA, JUNE 17, 2017 (JYAISTHA 27, 1939) 1299b. in the case of sub-clause (ii) of clause (7.9.11), the partners holding at least 51% of share in the profits / losses and / or at least 51% of share in the capital of the Clearing Member firm hold and continue to hold at least 51% of shareholding / interest in the company which shall take up the Clearing Membership of the Clearing Corporation.
7.10 Notwithstanding anything contained in Rule 7.9, the Relevant Authority may, in its absolute discretion permit the transfer of the Clearing Membership of one or more of the Clearing Segments to another person or entity, subject to such terms and conditions as t h e Relevant Authority may in its absolute discretion prescribe from time to time.
7.11 A Clearing Member shall not assign, mortgage, pledge, hypothecate or charge his right of membership or any rights or privileges attached thereto nor shall he has the right to give license or grant power of attorney in respect of such rights and privileges and no such attempted assignment, mortgage, pledge, hypothecation or charge or license or power of attorney shall be effective as against the Clearing Corporation for any purpose, nor shall any right or interest in any Clearing Membership other than the personal right or interest of the Clearing Member therein be recognised by the Clearing Corporation. The Relevant Authority may suspend any Clearing Member of the Clearing Corporation who acts or attempts to act in violation of the provisions of this rule or take any other disciplinary action as it may deem fit.
7.12 Surrender of Membership:
The Clearing Corporation shall separately provide for, through the Regulations, the terms and conditions for surrender of membership either from one or more Clearing Segments of the Clearing Membership or from the Clearing Corporation itself.
7.13 Conditions for continued Membership of the Clearing Corporation
7.13.1 Clearing Members shall adhere to the Rules, Bye Laws and Regulations and shall comply with such operational parameters, rulings, Notices and circulars, guidelines and instructions of the Relevant Authority as may be applicable.
7.13.2 All Deals in Securities on the Trading platform of the Concerned Exchanges in respect of the different Trading Segments corresponding with the Clearing Segment of the Clearing Corporation shall be in accordance with and subject to Rules, Bye Laws and Regulations of the Clearing Corporation which are notified to the Concerned Exchanges.
7.13.3 Clearing Members shall furnish declarations, undertakings, confirmation and such other documents and papers relating to such matters and in such forms as may be specified by the Relevant Authority from time to time.
7.13.4 Clearing Members shall, Clearing Segment wise, furnish to the Clearing Corporation, within such time as may be specified, an annual Auditors' Certificate certifying that specified requirements as may be specified by the Relevant Authority from time to time pertaining to their operations have been complied with.
7.13.5 Clearing Members shall furnish such information and periodic returns pertaining to their operations as may be required by the Relevant Authority from time to time.
7.13.6 Clearing Members shall furnish to the Clearing Corporation such audited and/or unaudited financial or qualitative information and statements and in such manner as may be required by the Relevant Authority from time to time.
7.13.7 Clearing Members shall comply with such requirements as may be specified by the Relevant Authority from time to time with regard to advertisements, booklets and issue of circulars in connection with their activities as Clearing Members.
7.13.8 Clearing Members shall extend full cooperation and furnish such information and explanation and in such manner as may be required by the Relevant Authority or authorised person of the Clearing Corporation for inspection or audit or in regard to any dealings, settlement, accounting and/or other related matters.
7.14 Status of a Clearing Member : Partnership firms
7.14.1 No Clearing Member shall form a partnership or admit a new partner to an existing partnership or make any change in the name of an existing partnership without intimation and prior approval of the Relevant Authority in such form and manner and subject to such requirements as the Relevant Authority may specify from to time; these requirements may, inter alia, include deposits,1300 THE GAZETTE OF INDIA, JUNE 17, 2017 (JYAISTHA 27, 1939) [PART IV declarations, guarantees and other conditions to be met by and which may be binding on all partners.
7.14.2 No Clearing Member shall, at the same time, be a partner in more than one partnership firm which is a Clearing Member of the Clearing Corporation.
7.14.3 No Clearing Member who is a partner in any partnership firm shall assign or in any way encumber his interest in such partnership firm.
7.14.4 The partnership firm shall register with such authorities as may be required under relevant laws and shall produce proof of such registration to the Clearing Corporation.
7.14.5 The partners of the firm shall do business only on account of the firm and jointly in the name of the partnership firm. No single or individual p a r t n e r or group of partners are entitled to any rights and privileges of Clearing Membership independent from that of their partnership firm.
7.14.6 The partners of the partnership firm must communicate to the Clearing Corporation in writing under the signatures of all the partners or surviving partners any change in such partnership terms or status owing to dissolution or retirement or death of any partner or partners.
7.14.7 Any notice to the Clearing Corporation intimating dissolution of a partnership shall contain a statement as to who undertakes the responsibility of settling all outstanding contracts and liabilities of the dissolved partnership firm but that shall not be deemed to absolve the other partner or partners of his or their responsibility for such outstanding contracts and liabilities.
7.15 Termination of Membership
7.15.1 A Clearing Member shall cease to be a Member, if one or more apply:
a. by resignation and/or surrender;
b. by death;
c. by expulsion in accordance with the provisions contained in the Bye Laws, Rules and regulations;
d. by being declared a defaulter in accordance with the Bye Laws, Rules and Regulations;
e. by dissolution in case of partnership firm;
f. by winding up or dissolution in the case of a limited company;
7.15.2 The termination of Clearing Membership shall not in any way absolve the Clearing Member from any obligations and liabilities incurred by the Clearing Member prior to such termination.
7.16 Resignation
7.16.1 A Clearing Member who intends to resign from the Clearing Membership of the Clearing Corporation in whole or from one or more of the Clearing Segments shall intimate to the Clearing Corporation a written notice to that effect.
7.16.2 Any other Clearing Member objecting to a resignation such Member shall communicate the grounds of his objection to the Relevant Authority by letter within such period as may be specified by the Relevant Authority from time to time.
7.16.3 The Relevant Authority may accept the resignation of a Clearing Member, from the Clearing Corporation as a whole or from one or more of the Clearing Segments either unconditionally or on such conditions as it may think fit or may refuse to accept such resignation and in particular may refuse to accept such resignation until it is satisfied that all outstanding transactions with such Clearing Member have been settled.
7.17 Death
7.17.1 On death of a Clearing Member, his legal representatives and authorised representatives, if any, shall communicate such matter to the Relevant Authority in writing immediately and all future activities of the Clearing Member shall cease immediately except so far as it pertains to past obligations prior to his death.
7.17.2 On the termination of Membership of the Clearing segment(s) of a Clearing Member consequent to the demise of the individual Member, the Clearing Corporation, with whom security deposits, otherPART IV] THE GAZETTE OF INDIA, JUNE 17, 2017 (JYAISTHA 27, 1939) 1301 monies, any additional deposits, whether in the form of cash, bank guarantees, securities or otherwise, or any other Securities are lying, shall deduct only the dues and liability of such deceased Member from his deposits and in such manner as the Relevant Authority may prescribe from time to time.
7.18 Failure to pay charges
Save as otherwise provided in the Rules Bye Laws and Regulations, if a Member fails to pay his annual subscription, fees, deposit or contribution to Core Settlement Guarantee Fund(s), fines, penalties, other charges or other monies which may be due by him to the Clearing Corporation within such time as the Relevant Authority may prescribe from time to time after a notice in writing has been served upon him by the Clearing Corporation, he may be suspended by the Relevant Authority until he makes payment and if within a further period of time as may be specified from time to time, he fails to make such payment, he may be declared a Defaulter or may be expelled by the Relevant Authority from the Membership of the Clearing Corporation.
7.19 Continued Admittance
The Relevant Authority shall from time to time prescribe conditions and requirements for continued admittance to Clearing Membership which may, inter alia, include maintenance of deposit or contribution to Core Settlement Guarantee Fund, minimum net worth and capital adequacy. The Clearing Membership of any person who fails to meet these requirements shall be liable to be terminated.
7.20 Re-Admission of Defaulters
7.20.1 A Clearing Member's right of Membership shall lapse and vest with the Clearing Corporation immediately if he is declared a Defaulter. The Clearing Member who is declared a Defaulter shall forfeit all his rights and privileges as a Clearing Member, including any right to use of or any claim upon or any interest in any property or funds of the Clearing Member with the Clearing Segment of the Clearing Corporation.
7.20.2 The Relevant Authority reserves the right to re-admit a defaulting Member as a Clearing Member subject to the provisions, terms and conditions as may be specified by the Relevant Authority from time to time.
7.20.3 The Relevant Authority may readmit only such a Defaulter Member who in its opinion :
a. has paid up all dues to the Clearing Corporation, other Clearing Members, clients and Constituents;
b. has no insolvency proceedings against him in a Court or has not been declared insolvent by any Court;
c. has defaulted owing to the default of principals whom he might have reasonably expected to be good for their commitments;
d. has not been guilty of bad faith or breach of the Bye Laws, Rules and Regulations ;
e. has been irreproachable in his general conduct and is otherwise found to be 'Fit and Proper'
8. DISCIPLINARY PROCEEDINGS PENALTIES, SUSPENSION AND EXPULSION
8.1 Disciplinary Jurisdiction
The Relevant Authority may expel or suspend and/or impose fines and/or penalise under censure and/or warn and/or withdraw all or any of the membership rights of a Clearing Member if he is guilty of contravention, non-compliance, disobedience, disregard or evasion of any of the Bye Laws, Rules and Regulations or of any resolutions, orders, Notices, directions or decisions of the Clearing Corporation or the Relevant Authority or of any other Committee or officer of the Clearing Corporation authorised in that behalf or of any conduct, proceeding or method of business which the Relevant Authority in its absolute discretion deems dishonorable, disgraceful or unbecoming a Clearing Member or inconsistent with just and equitable principles or detrimental to the interests, good name or welfare of the Clearing Corporation or prejudicial or subversive to its objects and purposes.
8.2 Penalty for breach of Rules, Bye-Laws and Regulations
Every Clearing Member shall be liable to suspension, expulsion or withdrawal of all or any of his Clearing Membership rights and/or to payment of fine and/or to be censured, reprimanded or warned for contravening, disobeying, disregarding or willfully evading of any of these Rules, Bye- laws and Regulations or any resolutions, orders, notices, directions, decisions or rulings thereunder of the Clearing1302 THE GAZETTE OF INDIA, JUNE 17, 2017 (JYAISTHA 27, 1939) [PART IV Corporation, Securities Contracts (Regulation) Act, 1956 and/or Rules thereunder, Securities and Exchange Board of India Act, 1992 and/or Rules thereunder, the Board of Directors, Committee(s), Managing Director or any officer of the Clearing Corporation or for any disreputable or fraudulent transactions or dealings or method of business which the Board of Directors or the Relevant Authority in its absolute discretion deems unbecoming a Clearing Member of the Clearing Corporation or inconsistent with just and equitable principles.
8.3 Penalty for Misconduct, unbusiness like conduct and Unprofessional conduct
A Clearing Member shall be liable to expulsion or suspension or withdrawal of all or any of his Membership rights and/or to payment of a fine and/or penalty and/or to be censured, reprimanded or warned for any misconduct, un-business like conduct or unprofessional conduct as provided in the provisions in that behalf as provided herein :
8.3.1 Misconduct includes :
a. Fraud : If he is convicted of a criminal offence or commits fraud or a fraudulent act which in the opinion of the Relevant Authority renders him unfit to be a Clearing Member ;
b. Violation : If he has violated provisions of any statute governing the activities, business and operations of the Clearing Corporation, Clearing Members and securities business in general ;
c. Improper Conduct : If in the opinion of the Relevant Authority he is guilty of dishonourable or disgraceful or disorderly or improper conduct on the Clearing Corporation or of willfully obstructing the business of the Clearing Corporation ;
d. Breach of Rules, Bye Laws and Regulations : If he shields or assists or omits to report any Clearing Member whom he has known to have committed a breach or evasion of any Bye Laws, Rules and Regulation of the or of any resolution, order, notice or direction thereunder of the Relevant Authority or of any Committee or officer of the Clearing Corporation authorised in that behalf; Securities Contracts (Regulations) Act, 1956 and/or Rules thereunder, Securities and Exchange Board of India Act, 1992 and/or Rules thereunder.
e. Failure to comply with Resolutions: If he contravenes or refuses or fails to comply with or abide by any resolution, order, notice, direction, decision or ruling of the Relevant Authority or of any Committee or officer of the Clearing Corporation or other person authorised in that behalf under the Bye Laws, Rules and Regulations ;
f. Failure to submit to or abide by Arbitration : If he neglects or fails or refuses to submit to the Relevant Authority or to a Committee or an officer of the Clearing Corporation authorised in that behalf, such books, correspondence, documents and papers or any part thereof as may be required to be produced or to appear and testify before or cause any of its partners, attorneys, agents, authorised representatives or employees to appear and testify before the Relevant Authority or such Committee or officer of the Clearing Corporation or other person authorised in that behalf ;
g. Failure to testify or give information : If he neglects or fails or refuses to submit to the Relevant Authority or to a Committee or an officer of the Clearing Corporation authorised in that behalf, such books, correspondence, documents and papers or any part thereof as may be required to be produced or to appear and testify before or cause any of its partners, attorneys, agents, authorised representatives or employees to appear and testify before the Relevant Authority or such Committee or officer of the Clearing Corporation or other person authorised in that behalf ;
h. Failure to submit Special Returns : If he neglects or fails or refuses to submit to the Relevant Authority within the time notified in that behalf special returns in such form as the Relevant Authority may from time to time prescribe together with such other information as the Relevant Authority may require whenever circumstances arise which in the opinion of the Relevant Authority make it desirable that such special returns or information should be furnished by any or all the Clearing Members ;
i. Failure to submit Audited Accounts : If he neglects or fails or refuses to submit its audited accounts to the Clearing Corporation within such time as may be specified by the Relevant Authority from time to time ;
j. Failure to compare or submit accounts with Defaulter : If he neglects or fails to compare his accounts with the Relevant Authority or to submit to it a statement of its accounts with aPART IV] THE GAZETTE OF INDIA, JUNE 17, 2017 (JYAISTHA 27, 1939) 1303 defaulter or a certificate that he has no such account or if he makes a false or misleading statement therein ;
k. False or misleading Returns : If he neglects or fails or refuses to submit or makes any false or misleading statement in his clearing forms or returns required to be submitted to the Clearing Corporation under the Bye Laws, Rules and Regulations ;
l. Vexatious complaints : If he or his agent brings before the Relevant Authority or a Committee or an officer of the Clearing Corporation or other person authorised in that behalf a charge, complaint(s) or suit(s) which in the opinion of the Relevant Authority is frivolous, vexatious or malicious;
m. Failure to pay dues and fees : If he fails to pay his subscription, fees, arbitration charges or any other money which may be due by it or any fine or penalty imposed on him.
8.3.2 Un-business like Conduct :
A Clearing Member shall be deemed guilty of un-business like conduct for any of the following or similar acts or omissions namely : a. Fictitious Names : If he transacts his own business or the business of his constituent in fictitious names or if he carries on business in more than one clearing segment of the Clearing Corporation under fictitious names ;
b. Circulation of rumors : If he, in any manner, circulates or causes to be circulated, any rumors ; c. Unwarrantable Business : If he engages in reckless or unwarrantable or un-business like dealings in the market or effects purchases or sales for his constituent's account or for any account in which he is directly or indirectly interested which purchases or sales are excessive in view of his constituent's or his own means and financial resources or in view of the market for such security ;
d. Compromise : If he connives thro ugh a private arrangement with another Clearing Member or accepts less than full and bona fide money payment in settlement of a debit due by a Clearing Member arising out of a deal in Securities executed on the trading platform of the Concerned Exchange ;
e. Dishonoured Cheque : If he issues to any other Clearing Member or to its clients or Constituents or to the Clearing Corporation a cheque which is dishonoured on presentation for whatever reasons ;
f. Failure to carry out transactions with Constituents : If he fails in the opinion of the Relevant Authority to carry out its committed transactions with its Constituents ;
8.3.3 Unprofessional Conduct
A Clearing Member shall be deemed guilty of unprofessional conduct for any of the following or similar acts or omissions namely : a. Business in Securities in which dealings not permitted : If he enters into dealings in Securities in which dealings are not permitted ;
b. Business for Defaulting Constituent : If he deals or transacts business directly or indirectly or executes an order in its capacity as a Trading Member of a Concerned Exchange for a client or Constituent who has within his knowledge failed to carry out engagements relating to Securities and is in default to another Clearing Member unless such client or Constituent shall have made a satisfactory arrangement with the Clearing Member who is his creditor ;
c. Business for Insolvent : If without first obtaining the consent of the Relevant Authority he directly or indirectly is interested in or associated in business with or transacts any business with or for any individual who has been bankrupt or insolvent even though such individual shall have obtained his final discharge from an Insolvency Court;
d. Business without permission when under suspension : If without the permission of the Relevant Authority he does business on his own account or on account of a principal with or through another Clearing Member during the period he is required by the Relevant Authority to suspend business on the Clearing Corporation ;
e. Business for or with suspended, expelled and defaulter Clearing Members: If without the special permission of the Relevant Authority he shares brokerage with or carries on business or makes any deal for or with any Clearing Member who has been suspended, expelled or declared a defaulter ;
1304 THE GAZETTE OF INDIA, JUNE 17, 2017 (JYAISTHA 27, 1939) [PART IVf. Business for Employees of other Clearing Members : If he transacts business directly or indirectly for or with or executes a deal for an authorised representative or employee of another Clearing Member without the written consent of such employing Clearing Member;
g. Evasion of Margin Requirements : If he willfully evades or attempts to evade or assists in evading the margin requirements specified in these Bye Laws and Regulations ;
h. Clearing Fees : If he willfully evades or attempts to evade or assists in evading the provisions of these Rules or Bye Laws and Regulations relating to clearing fees.
i. Advertisement : If he advertises for business purposes or issues regularly circular or other business communication to persons other than his own Constituents, Trading Members of the Exchange, Banks and Joint Stock Companies or publishes pamphlets, circulars or any other literature or report or information relating to the stock markets, without the prior written permission of the Clearing Corporation or in contravention of the advertisement code prescribed by the Clearing Corporation.
8.3.4 Clearing Members Responsible for Partners, Agents and Employees
A Clearing Member shall be fully responsible for the acts and omissions of its authorised officials, attorneys, agents, authorised representatives and employees and if any such act or omission be held by the Relevant Authority to be one which if committed or omitted by the Clearing Member would subject it to any of the penalties as provided in the Bye Laws, Rules and Regulations then such Clearing Member shall be liable thereof to the same penalty to the same extent as if such act or omission had been done or omitted by him.
8.3.5 Suspension on failure to provide Margin Deposit, Deposit or contribution to Core Settlement Guarantee Fund or meet capital adequacy norms
The Relevant Authority may suspend a Clearing Member and/or require a Clearing Member to suspend his business if he fails to provide the margin deposits, deposits and contributions to Core Settlement Guarantee Fund and/or meet capital adequacy norms as provided in these Bye Laws, Rules and Regulations and the suspension of business shall continue until the Clearing Member furnishes the necessary margin deposit or deposit/contribution to Core Settlement Guarantee Fund or meet capital adequacy norms. The Relevant Authority may also expel a Clearing Member acting in contravention of this provision.
8.3.6 Suspension of business
The Relevant Authority may suspend a Clearing Member and/or require a Clearing Member to suspend its business in part or in whole on any Clearing Segment if the Relevant Authority finds the member to be :
a. engaging in activities referred to in Clause 8.3.2 , or b. of unsatisfactory Financial Condition : when in the opinion of the Relevant Authority the Clearing Member is in such financial condition that he cannot be permitted to do business with safety to his creditors or the Clearing Corporation.
8.3.7 Removal of Suspension
The suspension of business as mentioned above shall continue until the Clearing Member has been allowed by the Relevant Authority to resume his business on paying such deposit or his doing such act or providing such thing as the Relevant Authority may require.
8.3.8 Penalty for contravention
A Clearing Member who is suspended or who is required to suspend his business or part thereof may be expelled from the Membership of the Clearing Corporation as a whole or from one or more Clearing Segments by the Relevant Authority, if he acts in contravention of such suspension or related requirements.
8.3.9 Clearing Members and others to testify and give information
A Clearing Member shall appear and testify before and cause its partners, attorneys, agents, authorised representatives and employees to appear and testify before the Relevant Authority or before other Committee(s) or an officer of the Clearing Corporation authorised in that behalf and shall produce before the Relevant Authority or before other Committee(s) or an officer of the Clearing Corporation authorised in that behalf, such books, correspondence, documents, papers and records or any part thereof which may be in its possession and which may be deemed relevant or material to any matter under inquiry or investigation.
PART IV] THE GAZETTE OF INDIA, JUNE 17, 2017 (JYAISTHA 27, 1939) 13058.3.10 Permission necessary for legal representation
No person shall have the right to be represented by professional counsel, attorney, advocate or other representative in any investigation or hearing before the Relevant Authority or any other Committee unless the Relevant Authority or other Committee so permits.
8.3.11 Explanation before Suspension or Expulsion
A Clearing Member shall be entitled to be summoned before the Relevant Authority and afforded an opportunity for explanation before being suspended or expelled but in all cases the findings of the Relevant Authority shall be final and conclusive.
8.3.12 Imposition of Penalties
The penalty of suspension, withdrawal of all or any of the Membership rights, fine, censure or warning may be inflicted singly or conjointly by the Relevant Authority. The penalty of expulsion may be inflicted by Relevant Authority.
8.3.13 Pre-determination of Penalties
The Relevant Authority shall have the power to pre-determine the penalties, the period of any suspension, the withdrawal of particular membership rights and the amount of any fine that would be imposed on contravention, non-compliance, disobedience, disregard or evasion of any Bye Law, Rules or Regulations of the, or of any resolution, order, notice, direction, decision or ruling thereunder of the Clearing Corporation, the Relevant Authority or of any other Committee or officer of the Clearing Corporation authorised in that behalf.
8.3.14 Commutation
The Relevant Authority in its discretion may in any case suspend a Clearing Member in lieu of the penalty of expulsion or may withdraw all or any of the membership rights or impose a fine in lieu of the penalty of suspension or expulsion and may direct that the guilty Clearing Member be censured or warned or may reduce or remit any such penalty on such terms and conditions as it deems fair and equitable.
8.3.15 Reconsideration / Review
The Relevant Authority may of its own or on appeal by the Clearing Member concerned, within 90 days from the date of communication of decision of the Relevant Authority to the member, reconsider and rescind, revoke or modify its order fining, censuring, warning or withdrawing all or any of the membership rights of the Clearing Member. In a like manner the Relevant Authority may rescind, revoke or modify its resolution expelling or suspending any Clearing Member.
8.3.16 Failure to pay fines and penalties
If a Clearing Member fails to pay any fine or penalty imposed on him within such period as specified from time to time by the Relevant Authority he may be suspended by the Relevant Authority until he makes payment and if within a further period as specified from time to time he fails to make such payment he may be expelled by the Relevant Authority.
8.3.17 Consequence of Suspension
The suspension of a Clearing Member shall have the following consequences: 8.3.17.1 Suspension of Membership Rights
A suspended Clearing Member shall during the terms of his suspension, be deprived of and excluded from all rights and privileges of Membership but he may be proceeded against by the Relevant Authority for any offence committed by him before or after suspension and the Relevant Authority shall not be debarred from taking cognisance of and dealing with or adjudicating on claims made against him by other Clearing Members.
8.3.17.2 Rights of creditors unimpaired
The suspension shall not affect the rights of Clearing Members who are creditors of the suspended Clearing Members and rights of the Clearing Corporation.
8.3.17.3 Fulfillment of Deals and Obligations
The suspended Clearing Member shall be bound to fulfill obligations and deals outstanding at the time of his suspension.
8.3.17.4 Further business prohibited
The suspended Clearing Member shall not during the terms of his suspension transact any business provided that he may with permission of the Relevant Authority close the deals outstanding at the time of his suspension.
1306 THE GAZETTE OF INDIA, JUNE 17, 2017 (JYAISTHA 27, 1939) [PART IV8.3.18 Consequences of Expulsion
The expulsion of a Clearing Member shall have the following consequences namely:
8.3.18.1 Clearing Membership Rights forfeited
The expelled Clearing Member shall forfeit to the Clearing Corporation its right of Clearing Membership and all rights and privileges as a Clearing Member including any right to the use of any claim upon or any interest in any property or funds of the Clearing Corporation but any liability of any such Clearing Member to the Clearing Corporation or to any Clearing Member shall continue and remain unaffected by its expulsion.
8.3.18.2 Office vacated
The expulsion shall create a vacancy in any office or position held by the expelled Clearing Member.
8.3.18.3 Rights of Creditors unimpaired
The expulsion shall not affect the rights of the Clearing Members who are creditors of the expelled Clearing Member.
8.3.18.4 Fulfillment of Deals and Obligations
The expelled Clearing Member shall be bound to fulfill deals and obligations outstanding at the time of his expulsion and he may with the permission of the Relevant Authority close such outstanding transactions.
8.3.18.5 Clearing Members not to deal
No Clearing Member shall transact business for or with the expelled Clearing Member except with the previous permission of the Relevant Authority.
8.4 Provisions of byelaws regarding consequences of declaration of default the provisions regarding consequences of declaration of defaulter contained in Chapter XII of the Byelaws of the Clearing Corporation shall apply to the expelled Clearing Member as if such Clearing Member has been declared defaulter.
8.5 Expulsion Rules to Apply
When a Clearing Member ceases to be a Clearing Member under the provisions of these Rules and Bye Laws otherwise than by death, default or resignation, it shall be as if such Clearing Member has been expelled by the Relevant Authority and in that event all the provisions relating to expulsion contained in these Rules shall apply to such Clearing Member in all respects.
9. NOTICE OF PENALTY AND SUSPENSION OF BUSINESS
9.1 Notice shall be given to the Clearing Member concerned and to the Clearing Members in general by such mode as may be decided by the Relevant Authority of the expulsion or suspension or default of or of the suspension of business by a Clearing Member or of any other penalty imposed on it or on its partners or other employees. The Relevant Authority may in its absolute discretion and in such manner as it thinks fit notify or cause to be notified to the Clearing Members or to the public that any person who is named in such notification has been expelled, suspended, penalised or declared a defaulter or has suspended his business or ceased to be a Clearing Member. No action or other proceedings shall in any circumstances be maintainable by such person against the Clearing Corporation or the Relevant Authority or any officer or employee of the Clearing Corporation for the publication or circulation of such notification.
9.2 Notwithstanding anything contained in these provisions, if in the opinion of the Relevant Authority it is necessary to do so, he may, for reasons to be recorded in writing, temporarily suspend forthwith the Clearing Member, pending completion of appropriate proceedings for suspension under this chapter by the Relevant Authority, and no notice of hearing shall be required for such temporary suspension and such temporary suspension shall have the same consequences of suspension under this chapter, provided that appropriate proceedings provided in this chapter shall be commenced by issue of a notice to show cause to the Clearing Member within 10 days of such temporary suspension. Any such temporary suspension may be revoked at the discretion of the Relevant Authority, for reasons to be recorded in writing, if the Relevant Authority is satisfied that the circumstances leading to the formation of opinion of the Relevant Authority to suspend, has ceased to exist or are satisfactorily resolved.
Date: 24.05.2017 Place: Mumbai
NARENDRA KUMAR AHLAWAT DirectorPART IV] THE GAZETTE OF INDIA, JUNE 17, 2017 (JYAISTHA 27, 1939) 1307
MULTI COMMODITY EXCHANGE CLEARING CORPORATION LIMITED
Subject to SEBI's (Securities and Exchange Board of India) approval, it is proposed to make the following Bye-laws for Multi Commodity Exchange Clearing Corporation Limited. The proposed Bye-Laws are published under Rule 18 of Securities Contracts (Regulation) Rules, 1957 for information/public comments/criticism. Any person having any comments/observations on the proposed Bye-Laws may send the same in writing to the undersigned at Multi Commodity Exchange Clearing Corporation Limited, Exchange Square, CTS No. 255, Suren Road, Chakala, Andheri (East), Mumbai – 400093 or through email to [email protected] within fifteen days from the date of this publication. The comments/ observations received after the fifteenth day will not be considered and the draft will be taken into consideration immediately after the expiry of fifteen days.
PROPOSED BYE-LAWS OF THE MULTI COMMODITY EXCHANGE CLEARING CORPORATION LIMITED
In exercise of the powers conferred under Section 9 of the Securities Contracts (Regulation) Act, 1956 and with the previous approval of the Securities and Exchange Board of India, the Multi Commodity Exchange Clearing Corporation Limited makes the following Bye laws:
1. PREAMBLE
1.1 These Bye-Laws shall be known as "The Bye-Laws of Multi Commodity Exchange Clearing Corporation Limited" and shall herein after be referred to as the "Bye-Laws" or the "Bye-Laws of the Clearing Corporation."
1.2 These Bye-laws shall come into force with effect from such date as the Securities and Exchange Board of India (hereinafter referred to as "SEBI") established under Securities and Exchange Board of India Act, 1992 (hereinafter referred to as "SEBI Act") or the Board of Multi Commodity Exchange Clearing Corporation Ltd, (hereinafter referred to as "the Clearing Corporation") may notify in that behalf.
1.3 Other Laws Applicable
These Bye-Laws shall be in addition to the provisions of the Securities Contracts (Regulation) Act, 1956 (hereinafter referred to as "the SCRA") as may be amended from time to time and Rules and Regulations if any made thereunder and SEBI Act and Rules and Regulations made thereunder. These Bye-laws shall at all times be read subject to the provisions of the SCRA and Rules and Regulations made thereunder and SEBI Act and Rules and Regulations made thereunder, as amended from time to time and the, directives, orders, guidelines, norms and circulars issued by the Government of India and/or SEBI from time to time.
1.4 Order of Precedence:
In case of difference or any interpretational issues between the provisions of these Bye laws, Rules and Regulations of the Clearing Corporation and the provisions of the SCRA and Rules and Regulations made thereunder or the SEBI Act and Rules and Regulations made thereunder, the provisions of:
a. SCRA and Rules and Regulations made thereunder; and/or
b. SEBI Act and Rules and Regulations made thereunder; shall prevail.
2. DEFINITIONS and INTERPRETATION
2.1 Definition
2.1.1 "Applicant Clearing Member" means an entity or a person as may be permitted under these Bye-Laws who is seeking to be admitted as a Clearing Member of the Clearing Corporation.
2.1.2 "Arbitration" as a form of alternative dispute resolution (ADR), is a technique for the resolution of disputes outside the courts and the process as codified in these Bye-laws and the Regulations are mandated to be utilised for appropriate and swift resolution of disputes arising between Clearing Members inter-se and Clearing Members and their Clients/ Constituents.
2.1.3 "Articles" means the Articles of Association of Multi Commodity Exchange Clearing Corporation Limited and includes any modification or alteration thereof for the time being in force.
2.1.4 "Authorised User" means suitable person(s) appointed by Clearing Members who may or may not be registered with the Clearing Corporation to operate the Clearing and Settlement systems and procedures allocated to such Members by the Clearing Corporation.
2.1.5 "Board" means the Board of Directors of Multi-Commodity Exchange Clearing Corporation Ltd.
2.1.6 "Business Day" means a day of the week on which the Clearing Corporation is open for business.
1308 THE GAZETTE OF INDIA, JUNE 17, 2017 (JYAISTHA 27, 1939) [PART IVExplanation: The Clearing Corporation shall be open on all days except such days which are declared in advance by the Relevant Authority as Settlement holiday.
2.1.7 "Buying Clearing Member" means a Clearing Member handling the Clearing and Settlement functions of a Client or a Constituent who or whose client has purchased a Security on the Trading floor of the Concerned Exchange pursuant to which it is obligated to honour the purchase obligation by following all the prescribed procedures.
2.1.8 "Circular or Notice" means informational notifications or a binding communication issued from time to time by the Clearing Corporation to its Member(s) and the Market in general and transmitted by fax, e-mail or any other mode and manner which the Clearing Corporation may deem appropriate, including publication through the website and titled "Circular" or "Notice" accordingly.
2.1.9 "Clearing" means and includes the process of determining rights and obligations towards settling claims of one Clearing Member against the claims of another through the processes of the Clearing Corporation. The process of clearing is similar to bookkeeping, where the Clearing Corporation updates the relevant and respective databases by matching the buyer and seller of the Deal/transaction thereby confirming the obligations of one of the parties and the rights of the other.
2.1.10 "Clearing Agreement" means a binding agreement entered into between a Clearing Member and it's Constituent to handle and carry out all the Clearing and Settlement functions relating to Securities traded by the said Constituent on the Trading Platform of the said Exchange.
2.1.11 "Clearing and Settlement Account" means a bank account maintained by the Clearing Member with one of the designated or approved Clearing Banks and accordingly notified to the Clearing Corporation, from which all fund obligations owed to the Clearing Corporation by a Member or due to a Member by the Clearing Corporation with respect to the Deals of the Member or its Clients or Constituents on the trading floor of the Concerned Exchange, will be made or received.
2.1.12 "Clearing Bank(s)" are such bank(s) as the Clearing Corporation may appoint to act as a funds settling agency, for the collection of margin money for all deals cleared through the Clearing Corporation and any other funds movement between Clearing Members and the Clearing Corporation and between Clearing Members inter-se as may be directed by the Clearing Corporation from time to time.
2.1.13 "Clearing Corporation" means the Multi-Commodity Exchange Clearing Corporation Ltd and its successors (if any).
2.1.14 "Clearing Member or Member" means a person admitted to the membership of the Clearing Corporation and having all rights of Clearing and Settlement pursuant to these Bye-Laws, the Rules and the Regulations of MCXCCL and includes all categories of Clearing Members of Multi Commodity Exchange of India Limited (MCX) registered or applied for registration with SEBI but does not include shareholder of the Multi Commodity Exchange Clearing Corporation Ltd.
2.1.15 "Clearing Segments" means and includes the different categories of Securities, within a Market Segment type, that the Concerned Exchanges make available to their respective Trading Members for Dealing on their Trading Platforms and has been agreed to by the Clearing Corporation for being admitted to its Clearing and Settlement mechanisms in terms of these Bye-Laws and categorized appropriately.
2.1.16 "Clearing Sub-Segments" means and includes those categories of Securities falling under a broad head of Clearing Segment but differentiated either on the basis of market acceptability and practice or the product or Security profile and attributes.
2.1.17 "Client or Constituent" means a person on whose instructions and on whose account the Clearing Member settles deals on the Clearing Corporation or as may be permitted by the Clearing Corporation and may also be called as investor;
Explanation 1: The terms 'Constituent' and 'Client' are interchangeably used in the Bye-Laws, Rules & Regulations and shall have the same meaning as assigned herein.
Explanation 2: Where the context requires, the term 'Constituent' in relation to trades shall also include a Trading Member where such trades including proprietary trades, done on the Concerned Exchange, are cleared and settled on his behalf by the Clearing Member.
PART IV] THE GAZETTE OF INDIA, JUNE 17, 2017 (JYAISTHA 27, 1939) 13092.1.18 "Close-out or Closing out or Square off" means the cancellation of an outstanding open position in one direction with an equal and opposite position.
2.1.19 "Collateral" means and includes cash or financial instruments (including but not limited to Fixed Deposit Receipts, bank guarantees, government securities and units of the schemes of liquid mutual funds or government securities, receipts of accredited warehousing Corporations) and/or Commodities as approved by the Relevant Authority from time to time through Notifications and/or Circulars for the provision of Initial Margin or other deposits and Margins in accordance with these Bye-Laws, the Rules and the Regulations made under these Bye-Laws.
2.1.20 "Committee" means a group or body of persons appointed by the Board or the Relevant Authority to undertake tasks or responsibilities specified by the Board and/or mandated under these Bye-Laws.
2.1.21 "Concerned Exchange" means any Stock Exchange including commodity and/or currency derivatives exchanges duly recognized under SCRA which has entered into an arrangement with the Clearing Corporation for carrying out all operational procedures and regulatory functions in the matter of Clearing and Settlement of the Deals executed on its trading platform between its Trading members so as to complete the fulfilment of the funds pay-in, Securities delivery and the related pay-out obligations concerning such Deals.
2.1.22 "Contract" means a contract for or relating to the purchase or sale of Securities;
2.1.23 "Contract Month or Delivery Month" means that month in which contractual obligations in respect of a Derivatives Contract is due for final fulfilment by the parties to the Contract.
2.1.24 "Contract Specification" means the standardised commercial and technical terms of a Security admitted for trading on a Concerned Exchange which may include the size of the Contract, Contract Month, trading hours, Underlying, minimum price fluctuations, Last Trading Day, settlement basis and such other details as may be set out by such Exchange and accepted by the Clearing Corporation to complete the Clearing and Settlement process.
2.1.25 "Corporate Action" means any event that brings material change to a company and affects its stakeholders, including shareholders, both common and preferred, as well as bondholders. These events are approved by the company's board of directors; shareholders may be permitted to vote on some events as well. and generally include dividend, bonus, rights shares, issue of shares as a result of stock split, stock consolidations, schemes of mergers/demergers, spin-offs, amalgamations, capital restructuring and such other privileges or events of a similar nature which may be specified by the Concerned Exchange from time to time, under intimation to the Clearing Corporation.
2.1.26 "Custodial Participant" means an entity registered with the Clearing Corporation to enable the Clearing and Settlement of their Deals on the Concerned Exchange through a Clearing member.
2.1.27 "Custodian" means a Custodian as defined under Securities and Exchange Board of India (Custodian of Securities) Regulations, 1996
2.1.28 "Daily Settlement Price" means the official daily price for each Security as determined by the Exchange and/or the Clearing Corporation as per prescribed methodology.
2.1.29 "Days of Tender or Tender Days" mean the days on which relevant delivery documents and certified warehouse receipts are permitted to be presented to the Clearing Corporation.
2.1.30 "Deal or a Trade" means an electronic transaction that arises pursuant to a buy order and sell orders placed at identical prices and specific and acceptable quantities by the Trading Members of the Exchange in respect of an approved Security or Contract and matching on the trading platform of an Exchange that gives rise to obligations to the buyer and seller in terms of the Byelaws, Rules and Regulations of the Concerned Exchange these Bye-laws, the Rules and Regulations of the Clearing Corporation.
2.1.31 "Declaration of default" means notification of a clearing member as a defaulter by the relevant authority.
2.1.32 "Default" has the same meaning as the term "Event of Default" defined in these Bye-Laws.
2.1.33 "Defaulter" means a Clearing Member who has been declared to be a Defaulter in accordance with these Bye-Laws and the Rules of the Clearing Corporation.
2.1.34 "Delivery" means the tender and receipt of warehouse receipts/ or any other document of title to goods by issue of delivery order in settlement of a contract.
1310 THE GAZETTE OF INDIA, JUNE 17, 2017 (JYAISTHA 27, 1939) [PART IV2.1.35 "Delivery centers" are those places or locations where the Underlying of the Securities/ Commodities permitted for trading on the Concerned Exchange can be delivered by the seller.
2.1.36 "Delivery Day" means the day on which Delivery shall occur towards a Settlement obligation in respect of a Security or Contract.
2.1.37 "Delivery Order" means an order / intention issued by a Selling Member in the prescribed form to the Clearing Corporation, in terms of the instructions received from its Client or Constituent offering delivery of goods at one or more permitted delivery centers in fulfillment of its obligation against an expiring contract.
2.1.38 "Delivery Period" means the period during which the commodities are tendered in terms of the contracts in fulfillment of the transactions executed under these Byelaws, and the Rules and Regulations of the Clearing Corporation, or under the orders issued in exercise of the powers vested by any of them, and includes tender days as prescribed by the Exchange / Clearing Corporation for different contract months.
2.1.39 "Delivery Settlement" is a process where the buying Clearing Member will complete his side of the transaction by making the necessary payments to the selling Clearing Member and the selling Clearing Member will in turn transfer the Securities or deliver the Underlying to the buying Clearing Member. Settlement will be completed when the Clearing Corporation or its agencies transfers ownership of the Securities or the Underlying to the buyer and the funds are transferred to the seller.
2.1.40 "Depository" means a company formed and registered under the Companies Act, 1956 (1 of 1956), and which has been granted a certificate of registration under sub-section (1A) of section 12 of the Securities and Exchange Board of India Act, 1992 (15 of 1992).
2.1.41 derivative" includes—
a. a security derived from a debt instrument, share, loan, whether secured or unsecured, risk instrument or contract for differences or any other form of security;
b. a contract which derives its value from the prices, or index of prices, of underlying securities;
c. commodity derivatives; and
d. such other instruments as may be declared by the Central Government to be derivatives;
2.1.42 "Disciplinary Action Committee" means a Committee constituted by the Board or the Relevant Authority to evaluate, consider and/or decide on a reference made to it by the Relevant Authority in respect of an alleged or presumed violation or infringement of these Bye-Laws, the Rules or the Regulations by a Clearing Member or a participant in the Clearing and settlement mechanism and in its conduct as a Clearing Member or a Participant, including any willful disobedience of the lawful instructions of the Relevant authority.
2.1.43 "Due Date/Contract Expiry Day/Contract Maturity Day" means the maturity date (last day) on which a specific contract in a specific commodity derivative or any other Security expires and is not available for trading thereafter.
2.1.44 "Due Date Rate" means the settlement price fixed for settling of all the outstanding contracts in a Contract Month on the due date, by way of delivery or otherwise in accordance with the method prescribed by the Concerned Exchange/ Clearing Corporation.
2.1.45 "Event of Default" means any event that may lead to clearing member being declared defaulter by the relevant authority.
2.1.46 "Exchange" means a stock exchange which is for the time being recognised by the Central Government under section 4.
2.1.47 "Exchange Member or Trading Member" means an entity admitted as to the Membership of the Concerned Exchange for trading of Securities or contracts that are permitted to be dealt on the Exchange and shall not mean and include a shareholder of the said Stock Exchange Company unless expressly stated. Membership of the Exchange in this context shall not mean or require or entitle shareholding in the Stock Exchange Company.
2.1.48 "Exchange Rules or Rules of the Exchange" means the Rules of the Concerned Exchange by whatever name it may be titled which is in force and as may be amended from time to time and include the Bye-Laws and Regulations/ Business Rules of such Exchange.
PART IV] THE GAZETTE OF INDIA, JUNE 17, 2017 (JYAISTHA 27, 1939) 13112.1.49 "Exercise" means the invocation of a right in an option contract, in accordance with and subject to these Bye-laws, Rules and Regulations of Exchange or Clearing Corporation, by the right holder.
2.1.50 "Expiry Date or Expiration Date" means date on which the contract will expire and in the case of an Options Contract, it is the date on or up to which the holder of an Option may elect to exercise the Option or allow it to expire worthless.
2.1.51 "Expiration time" is the close of business hours on the expiration day of the Futures or Option contract or such other time as may be specified by the Relevant Authority from time to time.
2.1.52 "Final Settlement Price" in respect of a contract means Due Date Rate (DDR) determined by the Clearing Corporation for settling that contract in accordance with the method specified in the Contract Specification or such other method as may be notified by the Relevant Authority.
2.1.53 "Futures Contract" is a legally binding agreement made on the trading platform of Exchange between its Members, to buy or sell a particular Security or Contract at a predetermined price as on the Expiry Date.
2.1.54 "Margin" means a deposit or payment of Collateral(s) to establish or maintain a position in a Security and includes among others Initial Margin, Additional Margin, Variation Margin, Tender Period Margin, Special Margin, Delivery Margin, Extreme loss margin or any other type of Margin as may be applicable and determined by Exchange and /or the Clearing Corporation from time to time.
2.1.55 "Market Order" means an order for a specified quantity of a Security or Contract to be bought or sold at the best available order price or quote prevailing on the trading platform of the Exchange at the time of entry of the opposite kind of order on the trading platform of the Exchange.
2.1.56 "Market Segment" means the category of Securities or Contracts made available by the Concerned Exchange on its trading platform for trading by its Members.
2.1.57 "Mark to Market Settlement" means settlement of all open positions of clients or Constituents done on a daily basis and includes those positions Closed Out intra-day.
2.1.58 "Month" means a month reckoned according to the English calendar unless otherwise specified.
2.1.59 "Novation" means the act of a clearing corporation interposing itself between both parties of every trade, being the legal counterparty to both.
2.1.60 "Open Position" means any Security which has not been liquidated by an offsetting transaction or Delivery or cash settlement or as specified in the Contract Specification.
2.1.61 "Options Contract" is an agreement between a buyer and seller that gives the purchaser of the option the right but not the obligation to buy or sell a particular Security at a later date at an agreed upon price. It has the meaning ascribed to the term "options contract" under the Relevant Acts.
2.1.62 "Order" means an offer to buy or sell any contract through the trading platform permitted by the Concerned Exchange for specific Securities or Contracts.
2.1.63 "Outstanding Obligation" means the obligation which has neither been closed out nor been settled.
2.1.64 "Participant" means and refers to an entity accredited or permitted by the Clearing Corporation through an arrangement or agreement to participate in one or more of the processes of the Clearing and Settlement mechanism towards facilitating the completing of the said processes in accordance with these Bye-Laws, the Rules and Regulations framed from time to time for such purpose and subject to such terms and conditions, as may be prescribed by the Relevant Authority.
2.1.65 "Pay-in" in respect of deals or transactions done on the Exchange, means making available funds / Securities/ Underlying or such other assets by the respective Clearing Members to the Clearing Corporation or its accredited or recognized agencies in accordance with the applicable settlement schedule notified by the Clearing Corporation separately for each Security or Contract.
2.1.66 "Pay-in Date" means the date and time prescribed by the Clearing Corporation for each settlement by which date and time, the Clearing Members are required to perform their obligations by way of remittance of funds / Securities or delivery of the Underlying as applicable, to the Clearing Corporation.
2.1.67 "Pay-out" in respect of Deals or transactions done on the Concerned Exchange means the release of funds /Securities by the Clearing Corporation to the Clearing Members who become entitled to1312 THE GAZETTE OF INDIA, JUNE 17, 2017 (JYAISTHA 27, 1939) [PART IV receive them to the extent of and upon their fulfilling their respective pay-in obligations into the Clearing Corporation, in accordance with the applicable settlement schedule notified by the Clearing Corporation separately for each Security or Contract.
2.1.68 "Pay-out Date" means the date and time prescribed by the Clearing Corporation for each Settlement on which date and time, the Clearing Corporation shall be required to release funds / Securities or the Underlying to the respective accounts of the Clearing Members and/or their clients.
2.1.69 "Position limit" means any limit on Open Positions held or controlled by a person (whether directly or indirectly, and whether individually by such person or by such person acting in concert with any person or persons) or a Trading member of the Concerned Exchange, that the Exchange and/or the Clearing Corporation may from time to time impose in respect of any Security.
2.1.70 "Proprietary Account" means an account in the books of the Trading Member of the Exchange to which the proprietary positions of the Trading Member are designated.
2.1.71 "Regulations" mean and include all the operational principles, and parameters designed to govern and control the Clearing and Settlement processes and the management and conduct of the Clearing Corporation that are to be followed by management of the Clearing Corporation, all the participants and the Clearing Members.
2.1.72 "Relevant Authority" means and includes the Managing Director and/or the CEO of the Clearing Corporation along with the senior management executives /functionaries of the Clearing Corporation who are delegated with appropriate authority and empowered to conduct the affairs of the various areas of functioning of the Clearing Corporation.
2.1.73 "Rules" mean the Rules of the Multi Commodity Exchange Clearing Corporation Limited approved by the SEBI under the SCRA and the Rules and Regulations made thereunder and/or the SEBI Act and the Rules and Regulations made thereunder.
2.1.74 "SCRA" is the abbreviation for Securities Contracts (Regulation) Act 1956.
2.1.75 "SCRR" is the abbreviation for Securities Contracts (Regulation) Rules 1957.
2.1.76 "SEBI" is the abbreviation for Securities and Exchange Board of India.
2.1.77 "SECC" is the abbreviation for Securities Contracts (Regulation) (Stock Exchange and Clearing Corporations) Regulations 2012.
2.1.78 "Security or Securities" include –
i. shares, scrips, stocks, bonds, debentures, debenture stock or other marketable securities of a like nature in or of any incorporated company or other body corporate;
ii. derivative;
iii. units or any other instrument issued by any collective investment scheme to the investors in such schemes;
2.1.79 "Seller" means a seller of any Security.
2.1.80 "Selling Clearing Member" means a Clearing Member handling the Clearing and Settlement functions of a Client or a Constituent who or whose client has sold a Security on the Trading floor of the Concerned Exchange pursuant to which it is obligated to honour the sale obligation by following all the prescribed procedures.
2.1.81 "Settlement" includes Delivery Settlement and/or Mark to Market Settlement.
2.1.82 "Settlement Day" means the day fixed by the Clearing Corporation for Members to settle their Securities transactions obligations in terms of these Bye-Laws, the Rules and/or the Regulations and as prescribed or instructed by the Relevant Authority.
2.1.83 "Settlement Guarantee Fund" means a fund established and maintained by the Clearing Corporation in accordance with these Bye-Laws.
2.1.84 "Strike Price or Exercise Price" means the price at which the Underlying to an Options Contract can be purchased or sold or the price at which an Options Contract may be exercised.
2.1.85 "Transactions or Deal or Trading and to Trade" and such similar expressions for the purposes of these Bye-Laws shall mean Deals as defined in these Bye-Laws and also refer to Securities transactions that are to be Cleared and Settled through the Clearing Corporation.
PART IV] THE GAZETTE OF INDIA, JUNE 17, 2017 (JYAISTHA 27, 1939) 13132.1.86 "Underlying" refers to an asset on which the price of the Derivative contract is based.
2.1.87 "Warehouse" means and includes any place of storage, godown, tank, silos, store house, vault etc. where the commodities are capable of being received and stored.
2.1.88 "Warehouse / Vault Receipt" means a document, whether in physical or electronic form evidencing a commodity being held in an approved or accredited warehouse.
2.1.89 "Warehouse Service Provider (WSP)" means an agency approved and accredited by the Clearing Corporation for the storage and preservation of any Underlying.
2.2 Interpretation
2.2.1 Unless the contrary intention is provided for:
(a) a reference to any gender includes the other.
(b) words in these Bye-Laws in the singular include the plural and words in the plural include the singular.
(c) a reference to a 'time' is reference to a time as in India unless specified otherwise.
(d) where a reference is made in these Bye-Laws to any provisions of SCRA or SCRR or the SEBI Act or any other provisions in Law or statute, it is a reference to the said provision as amended from time to time.
(e) where a reference is made in these Bye-Laws to a statutory provision, it refers to the laws of India.
(f) a reference to any legislation or law or to any provision thereof shall include references to any such law as it may, after the date hereof, from time to time, be amended, supplemented or re-enacted and any reference to any enactment shall include any subordinate legislation made thereunder from time to time.
2.2.2 Headings are for convenience only and shall not affect the interpretation of these Bye-Laws.
2.2.3 Subject to these Bye-Laws, the decision of the Clearing Corporation shall be final in relation to the interpretation of these Bye-Laws against a Clearing Member, any of their affiliated clients (who are Members of the Concerned Exchanges), Clearing Banks, Warehousing entities, Warehouse Service Providers, depositories, vaults or any third party involved in rendering relevant services and the Concerned Exchanges.
2.2.4 In these Bye-Laws, reference to knowledge of a Clearing Member shall include reference to the knowledge of a Director, Controller, shareholder, officer, employee or representative or agent of that Clearing Member or entity or agency referred to in 2.2.3 above as the case may be.
2.2.5 The words and terms defined above shall mean the same when used in lower case in these Bye- Laws, unless the context indicates otherwise.
2.2.6 Words and expressions used in these Bye-Laws but not defined herein shall have the same meaning assigned to them under the relevant Acts and Rules or Regulations made thereunder as the case may be.
2.2.7 These Bye-Laws shall be interpreted in a harmonious manner with a view to complying with the requirements of the Relevant Acts and Rules & Regulations made thereunder , to effectuate the purposes and businesses of the Clearing Corporation and to ensure that all practices in connection with the business of the Clearing Corporation as well as the functions of Clearing and Settlement process of Deals executed on the Concerned Exchanges are conducted in a fair, just, reasonable manner in order to maintain the integrity of the markets, protect the investors trading on the Concerned Exchanges, the Clearing Members of the Clearing Corporation as well as the Concerned Exchange on whose behalf the Clearing and Settlement functions are being carried out.
3. APPLICATION OF BYE-LAWS
3.1 These Bye-Laws shall govern the Clearing, Settlement of Deal / Contract and delivery of the Securities traded on the Concerned Exchange(s) that mandate the Clearing Corporation to extend its Clearing and Settlement infrastructure and facilities for clearing and settlement of the Deal / Contracts that are executed on the trading platform of such exchanges.
1314 THE GAZETTE OF INDIA, JUNE 17, 2017 (JYAISTHA 27, 1939) [PART IV3.2 These Bye-Laws shall also apply to all types of Market Segments of the Concerned Exchange(s) unless the context requires otherwise or unless otherwise specified by the Concerned Exchanges or the Clearing Corporation from time to time.
3.3 These Bye-Laws shall also apply to:
a. all Clearing Members of the Clearing Corporation and their Authorised Users where applicable;
b. the Clearing Members of the Clearing Corporation inter-se;
c. the Members of the Concerned Exchange who arrange to get themselves affiliated to the Clearing Members of the Clearing Corporation where such exchange has entered into a binding arrangement with the Clearing Corporation to Clear and Settle the Deals that are executed by such Members on the trading platform of such exchange;
d. the Concerned Exchanges that enter into a binding arrangement or agreement with the Clearing Corporation for facilitating the Clearing and Settlement functions along with all associated and related functions in relation with the Deals / contracts executed on the trading platform of such exchanges;
e. such other persons or entities including among others one or more Warehouse Service Providers, warehousing entities, depositories and/ or secured vaults, Clearing Banks, Custodians and such other agencies who render appropriate services of the Clearing Corporation and fulfilment of the settlement of the Deals executed on the trading platform of the Concerned Exchanges by its members; and
f. any other entity or agency as the Relevant Authority may specify or notify from time to time,
3.4 Unless specifically exempted, these Bye-Laws shall apply to all or any of the clearing segments that are operative on or handled by the Clearing Corporation and as may be specified by the Clearing Corporation from time to time.
3.5 Unless otherwise provided under these Bye-Laws, a third party has no rights to enforce any provisions of these Bye-Laws or any Regulations framed thereunder.
4. CLEARING SEGMENTS, SUB-SEGMENTS AND PRODUCTS
4.1 The Relevant Authority shall have the powers to establish:
4.1.1 exchange wise Clearing Segments;
4.1.2 Clearing Sub-Segment for Clearing and Settlement of Deals with respect to each such exchange as in 4.1.1 above;
4.1.3 Clearing and/or Settlement mechanisms in respect of each Clearing Segment and / or Sub-segment of the Concerned Exchange(s).
4.2 The Relevant Authority may agree to carry out the Clearing and Settlement functions for the Contracts or Securities under such Clearing Segments as are eligible under the SCRA.
4.3 The Relevant Authority shall:
4.3.1 determine, alter, change or modify the profile or characteristic of each Clearing Segment, Clearing Sub-segment and/or product on the basis of its own evaluation of the functioning of the product in the market and re-designate or classify the products or Securities for smooth clearing and settlement processes;
4.3.2 withdraw or suspend Clearing and /or Settlement functions for any particular Clearing Segment, Sub-segment or Contracts or Security as it may deem fit.
4 . 4 The Relevant Authority may constitute different divisions for each exchange and/ or Clearing Segments or Sub-Segments, groups of agricultural commodities, metals and other commodities or Securities;
4.5 Subject to the provisions of these Bye-laws, the Relevant Authority shall have powers to frame Regulations in respect of each Clearing segment and/or Sub-segment:
4.5.1 for their efficient functioning and operations;
4.5.2 to regulate the functioning and activities of the Clearing Members of the Clearing Corporation, their authorized representatives or persons, approved users;
4.5.3 to determine settlement and delivery specifications for contracts within each Clearing segment or Sub-segment that is made available for trading on the Concerned Exchange;
4.5.4 to facilitate, in respect of all the obligations that crystallise in respect of Deals on the Clearing Corporation, smooth pay-in and pay-out processes through designated agencies including amongPART IV] THE GAZETTE OF INDIA, JUNE 17, 2017 (JYAISTHA 27, 1939) 1315 others Clearing Banks and Warehouse Service Providers that the Clearing Corporation may appoint, and
4.5.5 to formalize the functioning of all other persons, entities or agencies operating under or through the Clearing Corporation or Clearing Banks or dealings with them inter-se.
5. GENERAL
5.1 Additional Powers:
5.1.1 The powers of the Board under these Bye-Laws are in addition to the provisions contained in Articles of Association of Clearing Corporation and the relevant statutes.
5.1.2 The Board may conduct, organise, maintain, regulate, control and facilitate the operations of the Clearing Corporation and of all transactions on the Clearing Corporation and towards this it shall grant powers and extend delegated authority to the Relevant Authority.
5.1.3 The Relevant Authority is accordingly empowered to conduct the business of the Clearing Corporation. Without limitation, the Relevant Authority is entitled, pursuant to various provisions in these Bye-Laws or in terms of the provisions of the SCRA and/or SCRR, to:
a. enter into arrangement with one or more exchanges for clearing and settling Deals/trades done on those exchanges in respect of any or all of the Market Segments that such exchanges may introduce for trading;
b. specify norms, procedures, terms and conditions for admission to Clearing Membership of the Clearing Corporation;
c. specify norms for the conduct of Clearing Members with regard to the business of the Clearing Corporation;
d. decide on the framework for levy of charges on Clearing Members for business transacted through the Clearing Corporation;
e. specify norms, procedures, terms and conditions for admission of transactions for Clearing and settlement by the Clearing Corporation;
f. specify norms, procedures, terms and conditions for Clearing and settlement of transactions for different Clearing Segments and for different Securities and Contracts based on the different Clearing Segments of the Concerned Exchanges;
g. specify terms and conditions of deals to be entered into, and the time, mode and manner for clearing and settlement of securities transactions between Clearing Members or between Clearing Members and their Clients;
h. specify norms, procedures, terms and conditions for guaranteeing financial settlement by the Clearing Corporation;
i. prescribe and administer penalties, fines and other consequences, including suspension or expulsion of Clearing Members from the Clearing Corporation for Defaults;
j. specify norms, procedures, terms and conditions for imposition and administration of different types of margins that may be imposed by the Clearing Corporation from time to time;
k. decide on the framework to levy fees, system usage charges, deposits and other monies payable to the Clearing Corporation by Clearing Members and the scale of Clearing and other charges that may be collected by the Clearing Members from their Clients
l. specify norms for supervision of clearing operations and specify Codes of Conduct for Clearing Members
m. determine norms for administration, maintenance and investment of funds of the Clearing Corporation including corpus of Settlement Guarantee Fund and other funds;
n. specify norms, terms and conditions, functioning and procedures for clearing and settlement through depository(ies) or other arrangements including custodial services for Clearing and settlement;
o. determine the manner of empanelment, operations and interfacing with exchanges, Warehouse Service Providers, Warehousing entities, custodians, Depository(ies) and Clearing bank(s);
1316 THE GAZETTE OF INDIA, JUNE 17, 2017 (JYAISTHA 27, 1939) [PART IVp. determine norms and procedures for availing services from Warehouses and Warehouse service providers for physical delivery of the Underlying commodities and from surveyors, assaying agencies, quality testing and certification laboratories/agencies and other appropriate authorities and agencies;
q. conduct inspection and audit of records and books of accounts of the Clearing Members;
r. investigate the financial condition, business conduct and dealings of the Clearing Members; s. specify terms for appointment and dissolution of different Committee(s) of the Clearing Corporation;
t. carry out settlement of disputes, complaints, claims arising between Clearing Members inter-se as well as between Clearing Members and persons who are not Clearing Members relating to any deal in securities cleared and settled through the Clearing Corporation including settlement by arbitration;
u. specify norms, procedures, terms and conditions for arbitration; v. decide on the framework to impose penalties for non-compliance with or contravention of these Bye-Laws, the Rules, Regulations and Circulars of the Clearing Corporation or that of SEBI;
w. specify norms, procedures, terms and conditions in respect of, incidental to or consequential to close out of deals
x. specify the processes for expulsion or suspension of the Clearing Members; y. declare any Clearing Member as a defaulter or impose suspension or terminate from Clearing Membership of the Clearing Corporation
z. exercise its powers in such other matters in relation to the Clearing Corporation as may be specified under the provisions of the Memorandum and/or Articles of Association or these Bye-Laws or as may be necessary or expedient for the maintenance, control, management, regulation and facilitation of the operations of the Clearing Corporation.
aa. disseminate information and make announcements;
bb. any other matter as may be decided by the Board.
5.2 Powers to amend Bye-Laws
Subject to the requirements set out under the Relevant Acts or as approved by SEBI, the Clearing Corporation may from time to time amend all or any part of these Bye-Laws as may be deemed necessary or appropriate.
5.3 Power to issue Notices and Circulars / Power to Prescribe Enabling Provisions
5.3.1 The Relevant Authority may, from time to time, issue clarifications / directives /Notices and/or Circulars, as may be required from time to time, to remove any difficulties or ambiguity in implementing the provisions of any of the Bye- Laws of the Clearing Corporation and Regulations framed thereunder, which shall have the same effect as these Bye- Laws and the Regulations.
5.3.2 Any non-compliance or violation of such clarifications/ directives/Notices and/or Circulars shall be deemed to be a contravention of these Bye-Laws.
5.4 Board's power to delegate
5.4.1 Board
5.4.1.1 The Board is responsible for the governance of the Clearing Corporation pursuant to these Bye-Laws.
5.4.1.2 The Board may delegate such of its powers, authorities and functions to such directors, officers, employees, persons and to such Committees as it may authorise from time to time.
5.4.1.3 The Board may delegate one or more of the functions in provision 5.1.3 to the Relevant Authority of the Clearing Corporation for effective and timely decision making and implementation.
5.4.2 Committees
The Board or the Relevant Authority may appoint such Committees, as it may deem fit, to advise it on matters in relation to the operations and Regulatory affairs of the Clearing Corporation as per the provisions of SCRR.
PART IV] THE GAZETTE OF INDIA, JUNE 17, 2017 (JYAISTHA 27, 1939) 13175.4.3 Powers of Committees
Each Committee shall have such powers as may be delegated by the Board or delegated to it under these Bye-Laws or the Rules of the Clearing Corporation.
5.5 Jurisdiction and governing law
5.5.1 These Bye-Laws shall be governed by and construed in accordance with the laws of India. Save as provided under these Bye-Laws and irrespective of the location of a Clearing Member of the Clearing Corporation or any of the entities rendering any service to the Clearing Corporation and its Clearing Members towards completing the Clearing and Settlement functions as referred to in 2.1 above, the courts in Mumbai shall have the exclusive jurisdiction to determine any dispute with the Clearing Corporation in relation to or arising from these Bye-Laws.
5.5.2 All Deals admitted by the Clearing Corporation for Clearing and Settlement shall be deemed to have been entered into exclusively in the city of Mumbai and courts in Mumbai shall have exclusive jurisdiction with regard to such deals, admitted on the Clearing Corporation.
5.5.3 Clearing Members are liable for due fulfilment of their obligations to the Clearing Corporation as may be specified by the Relevant Authority, whether such obligation be for account of the Clearing Member or on account of a Constituent.
5.5.4 The Clearing Corporation shall be entitled to bring an action in any court of competent jurisdiction against a Clearing Member to enforce the obligations of a Clearing Member which may arise under or in connection with these Bye-Laws, a judgment, an award or an order. 5.5.5 Any dispute between a Clearing Member of the Clearing Corporation and its constituents may be referred to any court in India depending on the location of the said Client provided the Clearing Corporation is not being made a party to the dispute.
5.6 Governing language
All Rules, Notices, writings, Circulars, instructions and documents issued by the Clearing Corporation under these Bye-Laws in relation to the operation and functions of the Clearing Corporation shall be in the English language. For the convenience of Clearing Members, the Clearing Corporation may publish Notices and/or Circulars in any other language in addition to English. In case of any discrepancy between the different versions of any Notice and/or Circular, the English version shall prevail.
5.7 Records for evidence
The records of the Clearing Corporation as maintained by:
- a central processing unit or a cluster of processing units or,
- computer processing units or, - any other system of the Clearing Corporation, or,
- in any register, magnetic storage units, electronic storage units, optical storage units, or, - in any other manner, or, - on any other accepted media and
transmitted to it by the Concerned Exchange in respect of trades executed on the trading platform of the said exchange and requiring the facilities of the Clearing Corporation, shall constitute the agreed and authenticated record for computing the rights and obligations of its Clearing Members inter-se towards completing the process of clearing and settlement.
5.8 Limitation of liability
5.8.1 The Clearing Corporation shall have no liability, obligation or duty to any Clearing Member, any of their clients or any third party, including but not limited to, as a result of:
a. any force majeure event which is beyond the reasonable control of the Clearing Corporation;
b. any losses or damages, including consequential losses and damages incurred or which may arise directly or indirectly with respect to the activities and functions of the Clearing Corporation;
c. any failure, omission or error on the part of the Clearing Corporation including any losses or damages with respect to Clearing and Settlement through the infrastructure of the Clearing Corporation or suspension, interruption, cancellation or closure of the Clearing Corporation or any inoperability or malfunction of any equipment, software, computer system or any other product operated, supplied or used by the Clearing Corporation;
1318 THE GAZETTE OF INDIA, JUNE 17, 2017 (JYAISTHA 27, 1939) [PART IVd. any decision of the Disciplinary Action Committee or Defaulters' Committee exercising their powers or the Clearing Corporation accepting a Clearing Member's resignation or the Clearing Corporation's decision to suspend or terminate the membership of any Clearing Member or declare any Clearing Member to be a Defaulter Member;
e. the exercise or failure to exercise any discretion or rights under these Bye-Laws by the Clearing Corporation.
5.8.2 Without prejudice to any other limitation or exclusion of liability:
5.8.2.1 in the event of a Declared Default, the liability of the Clearing Corporation shall be limited to net losses suffered by any Clearing Member not in default resulting from the substitution of the Clearing Corporation by way of Novation in respect of the transactions between Clearing Members; and
5.8.2.2 except as expressly provided in 5.8.6.1, the Clearing Corporation shall not have any liability or obligation to any Client of a Clearing Member or any person that such Client may be liable to or has any obligation to, nor shall the Clearing Corporation be liable for any obligations or liabilities of a Clearing Member to any person (including any non- Clearing Members of the Clearing Corporation), or any obligations of a Clearing Member to any other Clearing Member other than liabilities of the Clearing Corporation as a central counterparty.
5.8.3 Immunity and Protection for acts done in good faith
No claim, suit, prosecution or any other legal proceedings shall lie against the Clearing Corporation or any of its directors, officers, employees or any other duly authorised persons acting for and on behalf of the Clearing Corporation, in respect of anything which is done or intended to be done or omitted in good faith in exercise of any power under these Bye-Laws or Regulations made thereunder, Rules, Circulars and/or Notices or in pursuance of any order or any other kind of communication received by the Clearing Corporation in writing from any court, tribunal, Government, SEBI, or any other competent regulatory or revenue authority empowered under any law or delegated legislation.
5.8.4 Indemnity
5.8.4.1 Every Clearing Member shall indemnify and keep indemnified the Clearing Corporation against all losses, costs, expenses, damages, injuries and liabilities whatsoever incurred by the Clearing Corporation where such losses, costs, expenses, damages, injuries and liabilities arose out of or in connection with any violation by the Clearing Member (including its present and past directors, officers, employees, agents, clients) of its obligations under these Bye-Laws or the Regulations made thereunder or the Rules or violation of any applicable law or any unlawful, wilful, reckless or negligent act or omission of the Clearing Member (including its present and past directors, officers, employees, agents and Clients).
5.8.4.2 Each Clearing Member shall indemnify and hold the Clearing Corporation harmless for the full amount awarded under any judgment, settled or paid by the Clearing Corporation in respect of any legal or administrative proceeding brought against the Clearing Corporation as a result of an alleged violation of any applicable law or these Bye-Laws by such Clearing Member or as a result of an alleged failure of the Clearing Corporation to detect, prevent or otherwise act against such alleged violation.
5.8.4.3 Each exemption from liability, defence or immunity to the Clearing Corporation or to which the Clearing Corporation is entitled under these Bye-Laws shall also be available and shall extend to protect directors, officers, employees or agents of the Clearing Corporation.
5.8.5 Confidentiality
Confidential information that is received and obtained under these Bye-Laws or the Regulations made thereunder shall not be disclosed by the Clearing Corporation or by any of its directors, officers, employees or agents or by a person coming into possession of the information. The Clearing Corporation shall take all necessary steps to preserve and protect the confidential information. The Clearing Corporation shall however, be entitled to disclose confidential information in all or any of the following circumstances:
a. for the purpose of compliance with any applicable law, Rule or regulation;
PART IV] THE GAZETTE OF INDIA, JUNE 17, 2017 (JYAISTHA 27, 1939) 1319b. for the purpose of the Clearing Corporation to institute, carry on or defend any
proceedings including any court proceedings; or
c. in relation to the enforcement of that Clearing Member's obligations under these Bye-Laws or the Regulations made thereunder and the Rules of the Clearing Corporation.
5.8.6 Force Majeure
5.8.6.1 The Clearing Corporation shall not be liable for any harm, loss, damage or injury caused by it to any person if such harm, loss, damage or injury is caused by conditions beyond its control. Such events or causes include war, riots, acts of God, civil disturbances, terrorism, acts of a civil or military authority, embargoes, fires, labour disputes, natural calamities like floods, cyclones, tsunami, explosions, accidents, mechanical breakdowns, computer or system failures or other failures of equipment, any failure or interruption of any network, telecommunication equipment or online system, any failure or interruption of power supply, any failure in the utility of service provider, any failure of or defect in computer or software systems, change of law, interruption or suspension or insolvency or bankruptcy of any bank, financial institution, depository or custodian, market emergency, closure of any market or cessation of trading by any of the Concerned Exchanges including any clearing segments or sub-segments handled by the Clearing Corporation on behalf of the Concerned Exchanges.
5.8.6.2 Notwithstanding anything contained in sub clause 5.8.10.1 above, any failure on the part of the Clearing Corporation which is caused by conditions beyond its control shall not in any way reduce, alter, limit or affect the liability of a Clearing Member in respect of any transaction entered into or executed through the systems of the Clearing Corporation by such Clearing Member.
5.8.6.3 Notwithstanding the above, the Clearing Corporation shall, on its own or in consultation with the Concerned Exchange be entitled to require any Clearing Member to take such actions, including but not limited to closing out of all or any of the Security transactions attributable to a Clearing Member or the Clients affiliated to the said Clearing Member as the Clearing Corporation may direct in respect of the Security transactions affected by the force majeure event.
5.8.7 Severability
In the event of any provision of these Bye-Laws being rendered void or unenforceable by reason of any statutory amendment, re- enactment, notification or judicial decision or pronouncement by any competent court, tribunal, regulatory authority or SEBI, such provision shall to the extent required, be severed and rendered ineffective without in any way affecting the validity or enforceability of the rest of the provisions of these Bye-Laws which shall continue to apply with full force and effect, provided further that the action already taken earlier under such provision(s) shall remain unaffected.
6. ARBITRATION BETWEEN CLEARING MEMBERS OF THE CLEARING CORPORATION, OTHER
INTERMEDIARIES AND CLIENTS
All claims, differences or disputes between the Clearing Members inter-se and between the Clearing Members and their Clients or Constituents arising out of or in relation to any of the processes and procedures adopted and implemented by the Clearing Corporation in accordance with these Bye-Laws, the Rules and/or the Regulations made under these Bye-Laws or with reference to anything incidental thereto or in pursuance thereof or relating to their validity, construction, interpretation, fulfilment or the rights, obligations and liabilities of the parties thereto and including any question of whether any transactions and contracts have been entered into, shall be submitted to arbitration in accordance with the provisions of these Byelaws, and Regulations made thereunder and the Rules of the Clearing Corporation. The Clearing Corporation shall be entitled to facilitate arbitration processes for such disputes between the parties as mentioned in provision 3.3 of these Byelaws, by adopting such procedures as prescribed in these Bye-laws, the Rules and/or the Regulations made under these Bye- Laws or Notices and Circulars issued by it. For that purpose, the Relevant Authority or a Committee constituted by the Clearing Corporation may provide for:
a. norms, procedures, forms, jur is d ic ti on , terms, conditions a nd sc a l e or s l a b s of arbitration fees and other charges for reference to arbitration, places where arbitration proceedings may be facilitated;
1320 THE GAZETTE OF INDIA, JUNE 17, 2017 (JYAISTHA 27, 1939) [PART IVb. deciding on the eligibility criteria for persons to be appointed as Arbitrators;
c. constituting a panel of Arbitrators;
d. determining a suitable and effective Code of Conduct for all members of the Arbitration panel.
e. fixing the size of the Arbitral bench visa vis the quantum or magnitude of the dispute so referred to;
f. appointment of arbitrators, substitute arbitrators and umpires as the case may be;
g. determining the limitation period for referring matters to the arbitration mechanism of the Clearing Corporation;
h. determining the procedure for serving notice of hearing and adjournment of hearings and communications to the parties and witnesses;
i. procedure for appearance, hearing, filing of information and counter claims and taking witnesses and evidence of assessors and experts;
j. procedure for issue of arbitration awards;
k. procedure for implementing the award of the Arbitration proceedings;
l. procedure for preferring an appeal against Arbitration proceedings or an award;
m. procedures and manner for preservation of documents and records;
n. manner and periodicity of publishing the data related to arbitration on the web site of the Clearing Corporation;
o. manner of publishing the arbitral Awards on the web site of the Clearing Corporation;
p. any other matter incidental or that may be necessary to effectually govern the requirements of Arbitration mechanism.
The Relevant Authority shall be guided by the prescriptions of SEBI in the manner of conducting the Arbitration procedures.
7. MEMBERSHIP OF CLEARING CORPORATION
7.1 Membership Eligibility
7.1.1 The Clearing Corporation may classify its Clearing Members on the basis of the functional aspects of a particular type of Clearing Member which may include those who would clear and settle deals/ trades transacted or dealt:
a. on the Concerned Exchange by the said Member in its capacity as a Trading Member
in a particular Market Segment of a Concerned Exchange; and
b. on the Concerned Exchange by the said Member in its capacity as a Trading Member in a particular Market Segment of a Concerned Exchange and/or by the Affiliated Trading Members;
c. on the Concerned Exchange by the Affiliated Trading Members who are referred to as
Constituents of the Clearing Member.
7.1.2 The Relevant Authority shall, from time to time, prescribe or lay out the eligibility criterion for admission to the Clearing Membership of the specific Clearing Segments of the Clearing Corporation.
7.1.3 Subject to these Bye-Laws and the relevant Regulations made thereunder and the Rules of the Clearing Corporation, the Clearing Membership to the different Clearing Segments shall entitle a Clearing Member to exercise such rights and privileges attached to such Clearing Membership category and/or Clearing Segment, subject to the Clearing Member meeting and/or remitting all the required fees, contributions, charges, deposits or other deposits, funds or monies as may be prescribed from time to time by the Clearing Corporation.
7.1.4 Clearing Membership status and rights are not transferable without the prior written approval of the Clearing Corporation.
7.2 Transfer, Transmission, Surrender, Resignation of Membership of the Clearing Corporation
Subject to these Bye-Laws, the requirements of SEBI, the Relevant Authority may from time to time, prescribe terms and conditions in respect of matters concerning the Transfer or the Transmission of Clearing Membership of the Clearing Corporation, or the decision of aPART IV] THE GAZETTE OF INDIA, JUNE 17, 2017 (JYAISTHA 27, 1939) 1321 Clearing Member to surrender or withdraw / resign from the Clearing Membership of the Clearing Corporation;
7.3 Suspension and / or Termination of Clearing Membership of the Clearing Corporation
Without prejudice to the rights of the Clearing Corporation or the Disciplinary Action Committee under these Bye-Laws, the Rules and the Regulations made there under a Clearing Member's rights and privileges may be suspended either in whole or in part or terminated where the Clearing Member has breached, failed to meet or violated certain requirements that may be prescribed by the Relevant Authority from time to time and the consequence of such breach, failure or violation is suspension or termination of the Clearing Membership.
7.4 Fees and Security Deposits and other Payments
7.4.1 Upon admission of a Clearing Member to the Clearing Corporation and towards the continued Membership, the Clearing Member shall pay such fees, security deposits and other monies as may be specified by the Relevant Authority from time to time.
7.4.2 The fees, security deposits, other monies and any additional deposits as may be paid by the Clearing Member to the Clearing Corporation from time to time, whether in the form of cash, bank guarantee, commodity, securities or otherwise, shall be subject to a first and paramount lien towards any sum due to the Clearing Corporation and all other claims against the Clearing Member for fulfillment of obligations and liabilities of the said Clearing Member arising out of or incidental to any transaction made or attributable to the said Clearing Member subject to the Bye- Laws, Rules and Regulations of the Clearing Corporation.
7.4.3 The Clearing Corporation shall be entitled to adjust or appropriate such fees, deposits and other monies for such dues and claims, to the exclusion of the other claims against the said Clearing Member, without any reference to the Clearing Member. The proceeds arising out of invocation of the bank guarantees furnished by the Clearing Member in lieu of security deposits or additional deposits, on being invoked by the Clearing Corporation, shall not be reckoned as part of the Clearing Member's deposits for the purpose of exposure, etc., unless the Clearing Member complies with the conditions imposed by the Relevant Authority from time to time.
7.5 General and prudential requirements
7.5.1 An Applicant Clearing Member shall not be entitled to exercise any of the rights or privileges of Clearing Membership unless it:
7.5.1.1 has paid in full the non-refundable Clearing Membership fees, annual fees and any other charges, deposits or fees as may be specified by the Clearing Corporation,
7.5.1.2 meets the applicable minimum capital and financial requirements specified in
the Rules and /or Circulars issued by the Relevant Authority and/or
7.5.1.3 has obtained permission or is exempted under the Relevant statutes from holding
licence / authorization / recognition.
7.5.2 A Clearing Member of any Clearing Segment shall clear and settle Deals/transactions made on a Concerned Exchange and attributable to it as a Clearing Member pertinent to a particular Clearing Segment:
a. on its own account or
b. on behalf of its Clients and/or
c. on behalf of its affiliated Constituents
in terms of its scope as a Clearing Member in such manner and mode and subject to such terms and conditions and procedures as may be prescribed for the Clearing Member for the respective Clearing Segments.
8. CLEARING AND SETTLEMENT
8.1 Admission of Deals
8.1.1 The Clearing Corporation shall clear and settle deals in Securities that are admitted under a particular Market segment for trading on the Concerned Exchanges provided the said Securities are accepted by Clearing Corporation to be cleared and settled.
1322 THE GAZETTE OF INDIA, JUNE 17, 2017 (JYAISTHA 27, 1939) [PART IV8.1.2 Notwithstanding the above provision 8.1.1, the Clearing Corporation may, at any time decline to accept a Security for clearing and settlement, or may impose conditions on the acceptance of the Security, after recording the reasons thereof, and shall notify any such decision to its Clearing Members and the Concerned Exchanges.
8.1.3 Unless otherwise provided in these Bye-Laws, a Clearing Member shall accept and clear all deals in Securities of each of its Clients.
8.1.4 The Relevant Authority shall have the powers to suspend at any time the admission of a Clearing Segment or any Securities within a Clearing Segment for Clearing and Settlement for such period as it may determine and reinstate such Clearing Segments or Securities subject to such conditions as it may deem fit.
8.1.5 The Relevant Authority may where it deems necessary withdraw the admission of a Clearing Segment or any Securities of the Exchange for Clearing and Settlement either for breach or non- compliance with any of the conditions or requirements of the Clearing Corporation.
8.1.6 The Clearing Corporation may reinstate a Clearing Segment or readmit Securities of the Exchange for Clearing and Settlement subject to such conditions as it may specify.
8.1.7 The Clearing Corporation may permit in appropriate cases from time to time specific transactions to be cleared and settled through the Clearing Corporation in case of Securities which are not admitted or are for the time being prohibited or suspended as it deems fit.
8.1.8 The Relevant Authority may grant admission of deals dealt on the Concerned Exchange provided all the conditions and requirements including the conditions and requirements prescribed by the Relevant Authority are duly fulfilled by the concerned parties.
8.2 Arrangement for Clearing and Settlement
8.2.1 Clearing and settlement of deals in respect of each Market Segment or Securities of the Concerned Exchange admitted for Clearing and Settlement shall be effected by t h e concerned Clearing Members by adopting and using such arrangements, systems, or procedures and through such agencies as may be prescribed or specified by the Relevant Authority from time to time. Without prejudice to the generality of the above, the Relevant Authority may prescribe or specify from time to time such custodial, depository, Clearing Bank, warehousing and other services for adoption and use by Clearing Members and their constituents to facilitate smooth operation of the clearing and settlement arrangement or system.
8.2.2 The Clearing and Settlement function may be performed by the Clearing Corporation o n i t s o w n or it may take assistance of any agency identified by the Relevant Authority for any purpose to facilitate completion of all processes.
8.2.3 Save as otherwise expressly provided in these Bye-Laws, Rules and Regulations, when funds and Securities are Cleared and/or Settled under a prescribed arrangement:
8.2.3.1 the Settlement responsibility shall rest solely upon the counter parties to the contract and/or the concerned Clearing Members as the case may be, and
8.2.3.2 the Clearing Corporation shall act as the common facilitator or agent, as may be applicable, of the Clearing Members for receiving or giving delivery of Securities and where applicable the Underlying in respective of delivery obligations under Derivatives Contracts and for receiving and paying funds.
8.2.4 The Clearing Corporation shall undertake to guarantee the financial settlement of all Deals duly executed on the Trading Platform of the Concerned Exchange irrespective of the failure on the part of or default by or insolvency of the corresponding Clearing Member;
Provided however, that the settlement guarantee by the Clearing Corporation shall extend only:
i. to its own Members, and ii. to those transactions that have been executed, registered, and accepted for Clearing and Settlement by the Clearing Corporation after having been transmitted to it by the Concerned Exchange, and
iii. to those Members who are not in default in their financial obligations to the Clearing
Corporation or the Concerned Exchange;
Provided further that: a. the Clearing Corporation shall not be deemed to guarantee the title, ownership, genuineness, regularity or validity of any Security including any Underlying or any document passing through the Clearing House as performance of delivery obligation, thePART IV] THE GAZETTE OF INDIA, JUNE 17, 2017 (JYAISTHA 27, 1939) 1323 object of maintaining the Clearing House being to facilitate the smooth and swift delivery and payment in respect of the funds and Securities or documents between its Members.
b. the nature of the guarantee by the Clearing House is strictly financial, that is:
i. the Selling Clearing Member will be assured by the Relevant Authority of the payment of the settlement price fixed on the delivery/expiry date after the Clearing Corporation is satisfied that the delivery has been completed; and
ii. the Buying Clearing Member will be assured of either a delivery of the relevant Securities/ underlying or upon failure of the Selling Clearing Member to give delivery of the Securities/ underlying, the price difference and the applicable share of monetary penalty as specified in the Circulars issued by the Clearing Corporation from time to time.
8.3 Operational Parameters for Clearing
8.3.1 The Clearing Corporation may specify and announce from time to time operational parameters relating to Clearing and settlement of Securities through the Clearing Corporation which the Clearing Members shall adhere to. The operational parameters may, inter- alia, include:
a. clearing limits allowed, which may include clearing limits with reference to Net-worth and/or capital adequacy norms;
b. clearing volumes and limits at which it will be incumbent for Clearing Members to intimate the Clearing Corporation;
c. fixation of delivery lots for different settlement types;
d. other matters which may affect smooth operation of Clearing and Settlement of Securities keeping in view larger interest of the investors;
e. types of transactions permitted for a Clearing Member;
f. determining functional details of the clearing and settlement system including the system design, user infrastructure and system operation;
g. Collection of margins from Clients and reporting collection of the same.
8.3.2 In the matter of a deliverable Commodity Derivatives Contracts, the Clearing Corporation shall ensure that all parameters that the have been stipulated by the Concerned Exchanges in the attributes of an Underlying, including among others the determination of 'basis' variety and deliverable varieties for different commodities, "on" and "off" allowances for tendering varieties other than the basis, contract (delivery) months, delivery periods, delivery centres, tender days shall be met by the Delivering Clearing Member. The Relevant Authority shall, through the Regulations and the Circulars and Notifications issued from time to time lay out all:
- requirements that a Delivering Clearing Member will need to fulfil in this regard including the applicable allowances if any;
- procedure for settlement of disputes relating to quality, price and delivery.
8.4 Clearing Banks
8.4.1 Appointment of Clearing Bank(s)
8.4.1.1 The Clearing Corporation shall appoint Clearing Bank(s) from time to time for the purpose of daily and final Settlement, for the collection of deposits, Margins, and other amounts for all transactions entered into through the Clearing Corporation and any other funds movement between Clearing Members and the Clearing Corporation.
8.4.1.2 The Relevant Authority shall specify from time to time the processes, account types, procedures and operations that every Clearing Member shall be required to follow for the purpose of funds settlement through their accounts maintained with the Clearing Bank(s). The Clearing Corporation shall have the power to enter into necessary arrangement with financial institutions or entities such as banks for conducting clearing and settlement operations.
8.5 Novation
8.5.1 Upon a deal relating to a Security transacted on the Concerned Exchange being reported to the Clearing Corporation for Clearing and Settlement, the relevant Deal shall be passed on to the1324 THE GAZETTE OF INDIA, JUNE 17, 2017 (JYAISTHA 27, 1939) [PART IV Clearing Corporation. The Clearing Corporation shall then become the Central Counterparty for each such Deal.
8.5.2 Novation shall result in two contracts, one between the Selling Clearing Member and the Clearing Corporation, and the other between the Clearing Corporation and the Buying Clearing Member. Each separate contract resulting from such Novation shall be identical to the original contract except that the Clearing Corporation shall be substituted as and shall assume the position, and accordingly the rights and liabilities, of Selling Clearing Member to the Buying Clearing Member and conversely, the position, and accordingly the rights and liabilities, of Buying Clearing Member to the Selling Clearing Member.
8.5.3 The Clearing Corporation shall be entitled to rely conclusively on the accuracy and authenticity of any and/or all information and data regarding any Deal or transaction submitted to the Clearing Corporation by or on behalf of the Concerned Exchange or any Clearing Member, whether or not a Clearing Member has in fact authorised the submission of such information or data so submitted.
8.5.4 Each Open Position (whether designated to a proprietary position or a Client position of a Clearing Member) when accepted by the Clearing Corporation for Clearing and Settlement shall be between the Clearing Corporation and a Clearing Member as principal to principal.
8.5.5 No other person or any third party, including any Exchange Member who is a Client of the Clearing Member, or otherwise, shall have any rights under any Open Position between the Clearing Member and the Clearing Corporation.
8.5.6 Nothing in these Bye-Laws shall be regarded, treated or otherwise interpreted as:
a. imiting, diminishing, modifying or otherwise affecting the relationship between the Clearing Corporation and a Clearing Member.
b. obliging or requiring the Clearing Corporation to recognize any right or entitlement of any third party.
8.5.7 Transactions where the Clearing Corporation shall not act as a Legal Counter Party:
8.5.7.1 If on an investigation, the Concerned Exchange concludes that either all the transactions or part thereof in any Contract executed on its trading platform or any of its other trading systems, have been executed in a fraudulent manner and/ or are placed as financial transactions or structured deals and/or with a design to defraud the Settlement Guarantee Fund operated by the Clearing Corporation, the Relevant Authority of the Clearing Corporation, upon receiving a report from the Concerned Exchange, shall have absolute authority and discretion to withdraw itself as a legal Counter Party to such Deal/transaction or set of transactions:
8.5.7.2 Provided that where the Relevant Authority decides to exercise its discretion to withdraw itself as a legal Counter Party to any such transaction, either in full or in part, and /or either from both sides or single side of the transaction, it shall afford an opportunity of being heard to all the parties affected or likely to be affected by such decision. The decision taken by the Relevant Authority thereafter shall come into force forthwith and shall be final and binding on all the parties concerned.
8.6 Delivery of Securities and/or Underlying
8.6.1 Clearing, settlement and delivery of Securities that is traded on the Concerned Exchanges shall be made through the Clearing Corporation. Any Underlying bought or sold under any Security that is traded on the Concerned Exchanges shall be delivered or settled, in accordance with the Bye-Laws, Rules and Regulations, notifications and Circulars of the Concerned Exchanges and the provisions of these Bye-Laws, Rules, Regulations and circulars made thereunder.
8.6.2 The Dea l s/transactions may be categorized by the Clearing Segments, kinds of trades, basis, mode and manner of settlement into different settlement types and cycles by the Clearing Corporation and notified through Circulars from time to time.
8.6.3 The obligations of Clearing Members arising therefrom for effecting delivery of Securities and / or Underlying and payment of funds shall constitute the settlement obligations of the Clearing Member.
8.6.4 Where applicable, Delivery of Securities or the respective underlying in respect of settlement obligation of Deals/ transactions shall be through the Depository or Warehouses/vaults or throughPART IV] THE GAZETTE OF INDIA, JUNE 17, 2017 (JYAISTHA 27, 1939) 1325 such other mechanism as the case may be and in such manner and at such place(s) as prescribed by the Relevant Authority from time to time.
8.6.5 The Relevant Authority shall specify from time to time, the securities, documents and papers which, when delivered in prescribed manner, shall constitute good delivery. Where circumstances so warrant, the Relevant Authority may determine, for reasons to be recorded, whether or not a delivery constitutes a good delivery, and such findings shall be binding on parties concerned. Where the Relevant Authority determines that a delivery does not constitute a good delivery, the delivering party shall be required to substitute such delivery with the good delivery acceptable to the Relevant Authority within such time as may be specified.
8.6.6 Delivery under these Bye-Laws may, subject to the relevant Contract Specifications, include the tender and receipt of any Underlying or approved warehouse/ vault receipts or any other documents as set out in the Contract Specifications.
8.6.7 Notwithstanding anything in these Bye-Laws, failure to make or take delivery in accordance with the Contract specifications will be deemed as a breach of these provisions or the Rules framed by the Clearing Corporation with regard to the relevant Clearing Segment and may subject the Clearing Member in default to disciplinary proceedings.
8.6.8 The norms and procedures for delivery with respect to market lot, odd lot, minimum lot, part delivery, delivery of partly paid securities etc., shall be as prescribed by the Relevant Authority from time to time.
8.6.9 The requirements and procedures for determining disputed deliveries or defective deliveries, and measures, procedures and system of resolving the dispute or defect in deliveries or of consequences of such deliveries or their resolution shall, subject to these Bye-Laws and Regulations, be as prescribed by the Relevant Authority from time to time.
8.6.10 The payment of funds in respect of settlement obligations of Deals/ transactions for the Clearing Member shall be through the Clearing Bank(s).
8.7 Clearing Days, Clearing Hours and Scheduled Times
8.7.1 Clearing Days and Scheduled Times
The Clearing Corporation shall from time to time fix the various Clearing days including the pay-in and pay-out days and the time schedule to be observed in connection with the Clearing and Settlement operations. The Clearing Corporation may, from time to time, specify different time schedules for different Exchanges or Market/ Clearing Segments or Securities.
8.7.2 Clearing Hours
The hours for clearing and settlement of deals in different Clearing Segments of the Clearing Corporation shall be such as may be decided by the Relevant Authority from time to time. The Relevant Authority may, from time to time, specify clearing hours for different types of deals in one Clearing Segment and/or in different Clearing Segments or different Exchanges.
8.7.3 Changes to Clearing Days and Time Schedules:
8.7.3.1 The Relevant Authority may at any time pre-pone, extend, alter or postpone from time to time the clearing days and time schedules for different Exchanges, Market/ Clearing Segment or Securities.
8.7.3.2 Notwithstanding anything to the contrary contained in these Bye-Laws, the
Clearing Corporation may for reasons to be recorded; a. extend or postpone the time for Clearing and/or Settlement performance of Securities in any deals wherever in its opinion such action is called for in public interest or by just and equitable principles of trade or when circumstances beyond the control of either or both of the contracting parties make such action desirable.
b. extend or postpone in any particular case, the time for the settlement performance of a Security from any one Clearing schedule to the ensuing Clearing schedule.
c. In the event of multiple settlements on a single day because of intervening holidays or otherwise, the transactions shall be cleared and settled on a sequential basis or any other basis as may be specified by the Clearing Corporation.
1326 THE GAZETTE OF INDIA, JUNE 17, 2017 (JYAISTHA 27, 1939) [PART IV8.7.3.3 The Clearing Corporation may declare a list of holidays in a calendar year. The Clearing Corporation may from time to time alter or cancel any of the holidays fixed in accordance with these provisions. It may, for reasons to be recorded, suspend Clearing and Settlement operations in any Clearing Segment on days other than or in addition to holidays.
8.8 Clearing and Settlement:
8.8.1 Clearing and Settlement of deals on the Concerned Exchanges for each Clearing Segment may be on netted basis or gross basis or trade-for-trade basis or any other basis as may be specified by the Relevant Authority from time to time.
8.8.2 "Netting" means the determination by Clearing Corporation of net payment or delivery obligations of each Clearing Member by setting off or adjustment of the inter-se obligations or claims arising out of buying and selling of Securities including the claims and obligations arising out of the termination by the Clearing Corporation or Stock Exchange of the transactions admitted for settlement at a future date, in such circumstances as the Clearing Corporation may specify in bye-laws, so that only a net claim be demanded, or a net obligation be owed.
8.8.3 Settlement and Netting
8.8.3.1 The payment and settlement in respect of a Deal or transaction on the trading platform of the Concerned Exchange shall be determined in accordance with the netting or gross procedure as specified in the respective bye-laws of the Concerned Exchange and the Clearing Corporation, with the prior approval of SEBI.
8.8.3.2 Payment and settlement in respect of a transaction between parties referred above shall be final, irrevocable and binding on such parties.
8.8.3.3 When a settlement has become final and irrevocable, the right of the Concerned Exchange or the Clearing Corporation, as the case may be, to appropriate any collaterals or deposits or margins contributed by the affiliated constituent / Trading Member, Clearing Member or client towards its settlement or other obligations in accordance with the bye-laws of the Concerned Exchange or Clearing Corporation shall take priority over any other liability of or claim against the said affiliated constituent/Trading Member, Clearing Member or client, as the case may be.
Explanation. – For removal of doubts, it is hereby declared that the settlement, whether gross or net, referred to in this bye-law is final and irrevocable as soon as the money, securities or other transactions payable as a result of such settlement is determined, whether or not such money, Securities or the relevant underlying are actually paid or delivered.
8.8.4 The Clearing Corporation shall have the right to recover the dues of any of its Clearing Members in one or more Clearing Segments from the collaterals, deposits and the assets of such Clearing Member available with the Clearing Corporation across Clearing Segments and such right shall have priority over any other liability of or claim against the said Clearing Member
8.8.5 Final Settlement of Contract
8.8.5.1 The funds relating to the Final Settlement in respect of Contracts as decided by the Clearing Corporation are debited by the Clearing Bank from the Clearing and Settlement account of the Clearing Member concerned in fulfilment of the complete pay-in obligations of the Clearing Member.
8.8.5.2 Settlement of Deliverable Futures Contract is considered to be completed when the Clearing Corporation shall direct, and the Selling Clearing Member and the Buying Clearing Member shall respectively make and take delivery of the Underlying, in relation to Open Contracts which are Deliverable Contracts pursuant to the Exchange Rules, the Contract Specifications that are applicable to such Underlying or Contract.
8.8.6 Daily Settlement Price
8.8.6.1 The Relevant Authority of the Clearing Corporation in or without consultation of the Concerned Exchange shall, at the close of trading hours, determine the Daily Settlement Price for each Security.
8.8.6.2 The Daily Settlement Price so determined by the Clearing Corporation shall be binding on all Clearing Members.
8.8.6.3 Notwithstanding anything in these Bye-Laws, the Relevant Authority reserves the right to amend daily, the settlement prices of any Security where it deems fit.
PART IV] THE GAZETTE OF INDIA, JUNE 17, 2017 (JYAISTHA 27, 1939) 13278.8.7 Inability to declare Daily Settlement Price
If in the opinion of the Relevant Authority a situation or practice may prevent or has prevented the determination of the Daily Settlement Price for a Security or a group of Securities in accordance with the relevant Contract Specifications, the Relevant Authority may take any steps it deems necessary in the circumstances to correct such situation so as to enable the Daily Settlement Price to be determined and declared and may give directions to Clearing Members accordingly.
8.8.8 Final Settlement Price
The Final Settlement Price shall be such price as may be specified by the Relevant Authority.
8.8.9 Closing Out
8.8.9.1 A Deal on the Concerned Exchange admitted by the Clearing Corporation for clearing and settlement may be Closed Out on failure of a Clearing Member to comply with any of the provisions relating to delivery, payment and settlement of deals or on any failure to fulfill the terms and conditions subject to which the deal has been made, or such other circumstances as the Relevant Authority may specify from time to time.
8.8.9.2 The said Deal may be Closed Out by the Clearing Corporation in such manner, within such time frame and subject to such conditions and procedures as the Relevant Authority may prescribe from time to time.
8.8.9.3 Without prejudice to the generality of the foregoing, the Relevant Authority may Close Out deals, inter alia, by buying in or selling out against a Clearing Member as follows:
a. in case of the selling Clearing Members, on failure to complete delivery on the
due date;
b. in case of the buying Clearing Members, on failure to pay the amount due on the
due date; and
c. any loss, damage or shortfall sustained or suffered as result of such Closing Out shall be payable by the Clearing Members who failed to give due delivery or to pay amount due.
8.8.10 Transfer of Open Positions
8.8.10.1 The Clearing Corporation may:
a. upon the request of a Clearing Member,
b. where provided in Rules and/or Regulations of the Concerned Exchanges, at
the direction of the said Exchange, or
c. pursuant to the disciplinary provisions contained in these Bye-Laws,
Transfer an Open Position held in the name of a Clearing Member (the "Transferor Clearing Member") to another Clearing Member (the "Transferee Clearing Member").
8.8.10.2 Notwithstanding provision 8.8.10.1, the Relevant Authority may decline to effect the transfer of a position without providing any reason. A transfer may be made subject to the Transferor Clearing Member and Transferee Clearing Member complying with any conditions imposed by the Clearing Corporation, including the deposit of Margin, or Collateral by either or both of the Transferor Clearing Member and the Transferee Clearing Member, or any other party.
8.8.10.3 The transfer shall be effected in such manner and at such time as the Clearing Corporation determines, subject to the acceptance by the Transferee Clearing Member. Upon the Transferee Clearing Member accepting the transfer in the manner specified by the Clearing Corporation, the Open Position between the Transferor Clearing Member and the Clearing Corporation shall be cancelled and a new Open Position will come into existence between the Clearing Corporation and the Transferee Clearing Member on the same terms as the cancelled Open Position.
1328 THE GAZETTE OF INDIA, JUNE 17, 2017 (JYAISTHA 27, 1939) [PART IV8.8.11 Open Positions
8.8.11.1 All positions shall remain open and in force and shall continue to be binding upon the Clearing Members until liquidated by offsetting positions in accordance with these Bye-Laws, or upon delivery or cash settlement, provided however that all Open Positions shall cease to exist on the dates such Contracts are stated to expire.
8.8.11.2 The Relevant Authority may from time to time specify the provisions relating to Corporate Action adjustments, including non‐adjustment, in Open Positions, discontinuing any or all Securities and/or settlement methods and procedures for the relevant Securities, arising out of or incidental to Corporate Actions in the Underlying.
9. DEALINGS BY CLEARING MEMBERS
9.1 The Clearing Corporation shall not recognise as parties to Deals any person other than its own Clearing Members. Every Clearing Member is liable for due fulfillment of the Deal and to the Clearing Corporation as may be specified by the Relevant Authority, whether such deal be for account of the Clearing Member effecting it or on account of a Constituent.
9.2 All Deals accepted by the Clearing Corporation in terms of the arrangement entered into between the Concerned Exchange and the Clearing Corporation shall be made subject to these Bye-Laws, Rules and Regulations of the Clearing Corporation and such Bye-Laws, Rules, Regulations shall form a part of the terms and conditions of all such Deals. The deals shall be subject to the exercise by the Relevant Authority of the powers with respect thereto vested in it by these Bye-Laws, the Rules and Regulations of the Clearing Corporation.
9.3 Inviolability of Admitted Deals
9.3.1 All Dealings in Securities on the Concerned Exchanges are deemed to be made subject to the Bye-Laws, Rules and Regulations of the Clearing Corporation.
9.3.2 The deals shall be subject to the exercise by the Relevant Authority of the powers with respect thereto vested in it by these Bye-Laws, Rules and Regulations of the Clearing Corporation.
9.3.3 All such Deals shall be inviolable and shall be Cleared and Settled in accordance with these Bye-Laws and Regulations made thereunder and the Rules of the Clearing Corporation.
9.3.4 The Clearing Corporation / the Concerned Exchange may, however, by notice annul the Deal(s) on an application by a Clearing Member in that behalf, if the Relevant Authority is satisfied after hearing the other party/parties to the Deal(s) that the Deal(s) is /are fit for annulment on account of fraud or willful misrepresentation or material mistake in the trade in consultation with the Concerned Exchange.
9.3.5 Notwithstanding anything contained in clause 9.3.4 above, the Clearing Corporation in consultation with the Concerned Exchange, to protect the interest of investors in Securities in particular and the Markets in general and for proper regulation of the securities market, may suo motu annul Deal(s) at any time if the Relevant Authority is satisfied for reasons to be recorded in writing that such Deal(s) is/ are vitiated by fraud, material mistake, misrepresentation or market or price manipulation and of like nature.
9.3.6 Any annulment made pursuant to clauses 9.3.4 and 9.3.5 above, shall be final and binding upon the parties to trades. In such an event, the Clearing Member shall be entitled to cancel the relevant Deal(s) with its Constituents.
9.4 Deals By Representative Clearing Members
A Clearing Member may authorise another Clearing Member to act as its representative for a specified period with the prior permission of the Relevant Authority.
9.5 Privity of Contract
9.5.1 Except as provided herein, the Clearing Members giving and receiving delivery and/or payment as provided in these Bye-Laws and Regulations shall be deemed, notwithstanding that no direct contract may exist between them, to have made a contract with each other as sellers and buyers.
9.5.2 Notwithstanding the above, the rights and liabilities of delivering and receiving Clearing Member with their respective immediate contracting party shall not be affected thereby.
9.5.3 The selling Clearing Member (unless he be himself the delivering Clearing Member) shall however be released from all responsibility in regard to the title, ownership, genuineness, regularity and validity of the documents once the documents are received by the receivingPART IV] THE GAZETTE OF INDIA, JUNE 17, 2017 (JYAISTHA 27, 1939) 1329 Clearing Member and in the event of any loss and/or damages arising to the receiving Clearing Member therefrom, the same shall be dealt with in accordance with the provisions of Bye-Laws and Regulations thereof provided that: a. where the Relevant Authority may specify either generally or specifically, Clearing Members giving and receiving delivery and paying and receiving funds as provided in the Bye-Laws and Regulations shall be deemed, notwithstanding that no direct contract exists between them, to have made a contract with the Clearing Corporation through full novation as sellers and buyers and between themselves as delivering and receiving Clearing Members;
b. provided further that in such event the rights and liabilities of delivering and receiving Clearing Member shall not be deemed to be affected thereby and the Clearing Corporation shall not be responsible in respect of the title, ownership, genuineness, regularity and validity in respect of the documents delivered or received and in the event of any loss and/or damages arising to the delivering and receiving Clearing Members therefrom, shall be dealt with in accordance with the provisions of these Bye-Laws and Regulations thereof and the Rules.
10. MARGINS
10.1 Clearing Members are responsible to the Clearing Corporation for all Margin requirements and shall comply with Margin requirements as specified by the Relevant Authority from time to time. 10.2 The Relevant Authority shall value any Collaterals provided for Margin in accordance with the valuation methodology prescribed from time to time.
10.3 The Relevant Authority shall specify:
10.3.1 the type, nature and composition of Collaterals that will be acceptable as Margin, 10.3.2 the methods and formulae for calculating above Margins and, 10.3.3 mode of r emi ttanc e or their payment 10.3.4 the time that certain Collaterals will cease to be acceptable as Margin and on the valuation to be attributed thereto.
10.4 The Clearing Member tendering or depositing margins, in the form of Securities or such other forms as collateral as may be acceptable to the Clearing Corporation, shall always maintain the value thereof so that the value of the collateral does not go below the quantum of margin required to be deposited by such Clearing Member. In the event of the value of such Securities or other acceptable components eroding, at any time, below the level of the required Margin, such Clearing Member shall replenish the quantity of Security or introduce other forms of Margins to the satisfaction of the Relevant Authority.
10.5 The Relevant Authority shall be entitled to determine the value of the additional security provided by such Clearing Member.
10.6 All Collaterals provided to the Clearing Corporation as Margin shall be free of, and shall remain free of, any encumbrances whatsoever.
10.7 The Relevant Authority shall have the right to make a call to a Clearing Member to replace with cash any of the existing Collaterals deposited with Clearing Corporation, at any time as it deems fit.
10.8 No Clearing Member shall (directly or indirectly) enter into any arrangement or adopt any procedure for the purpose of evading or assisting in the evasion of the Margin requirements specified under these Bye- Laws or the Rules of the Clearing Corporation.
10.9 The Collaterals pledged or hypothecated by a Clearing Member in lieu of Margins, under the provisions of these Bye-Laws or the Rules shall be subject to a first and paramount lien for all sums due to the Clearing Corporation. Margin shall be available in preference to all other claims against the Clearing Member for the due fulfilment of its obligations and liabilities arising out of or incidental to any Deals made subject to these Bye-Laws or the Rules or anything done in pursuance thereof.
10.10 The Clearing Corporation may at any time combine o n e o r m o r e c l e a r i n g accounts of the Clearing Member with the Clearing Members' liabilities to the Clearing Corporation and set off and/or transfer and/or apply any funds in such account towards satisfaction of any liabilities of the Clearing Member to the Clearing Corporation.
10.11 Failure to meet Margin obligations:
10.11.1 If a Clearing Member fails to pay margin as required in these Bye-Laws and Regulations, the Relevant Authority may take such action as it may deem fit against such Clearing Member including suspension of such Clearing Member or squaring off / close out of the Open Positions of the Clearing Member and/or his affiliated constituents and their clients;
1330 THE GAZETTE OF INDIA, JUNE 17, 2017 (JYAISTHA 27, 1939) [PART IV10.11.2 In the event a Clearing Member fails to meet any of its other obligations to the Clearing Corporation arising out of clearing and settlement operations, the Clearing Corporation shall be entitled to utilise any amount paid by the said Clearing Member in the form of Margin or any other payment retained by the Clearing Corporation for the purpose of Clearing and settlement.
10.12 The Margins deposited with the Clearing Corporation in any form of Collaterals may be, wholly or partly, entrusted or held with one or more Custodians, banks or such other entities specified by the Relevant Authority. All Margin deposits shall be held by the Clearing Corporation and/or by the approved persons and/or by the approved custodians or banks a s t h e c a s e m a y b e solely for and on account of the Clearing Corporation without any right whatsoever on the part of the depositing Clearing Member or those in its right to call in question the exercise of such discretion. The Clearing Corporation shall retain control over all Collateral as part of the Margin of such Clearing Member.
10.13 The Clearing Corporation shall not have any obligation or responsibility to preserve, protect, collect or realise collaterals or its value other than that applicable to an ordinary and prudent person and under no circumstances shall the Clearing Corporation be liable for any loss or diminution in value or depreciation in or in connection with the Collaterals tendered or deposited by the Member and maintained as above.
10.14 A Clearing Member who maintains Collaterals with the Clearing Corporation pursuant to these Bye- Laws and the Rules shall indemnify and hold the Clearing Corporation harmless from any loss, damage, costs, charges and /or expenses of whatsoever nature and however arising ("loss") suffered or incurred by the Clearing Corporation to any approved custodian which may result from or arise with respect to:
10.14.1 any act, delay or omission in connection with the Collaterals deposited with such approved Custodian (by such Clearing Member or the Clearing Corporation) or;
10.14.2 any agreement between the Member and any approved Custodian or bank or any representation, warranty or undertaking given by the Clearing Corporation to any designated Custodian or bank in relation to or otherwise in connection with Collaterals deposited with such approved Custodian or bank, provided that this indemnity shall not cover any loss and/or liability of the Clearing Corporation attributable to or referable to the gross negligence or willful misconduct of the Clearing Corporation or any of its directors, officers employees or agents.
10.15 Each Clearing Member shall pay the Clearing Corporation all fees, expenses, charges and costs incurred by the Clearing Corporation in relation to its acceptance and maintenance of Collaterals specified under the Rules of the Clearing Corporation as the Relevant Authority may determine from time to time and shall make such deposits of Margins (in such form as may be acceptable to the Clearing Corporation) as may be required by the Clearing Corporation by reason of any erosion or depreciation in the market value of such Collaterals.
10.16 Failure or default of a Clearing Member in fulfilling its obligations to the Clearing Corporation in accordance with the provisions of these Bye-Laws a n d t h e Rules, the Collaterals of a Clearing Member maintained w i t h the Clearing Corporation may be disposed of, without notice and in any manner deemed appropriate by the Clearing Corporation and the proceeds from the liquidation of such Collaterals shall be applied against t h e obligations of the Clearing Member to the Clearing Corporation in respect of one or more Clearing Segments.
11. RIGHTS, DUTIES AND LIABILITIES OF THE CLEARING MEMBERS AND CONSTITUENTS
11.1 Margin from Constituents
11.1.1 Every Clearing Member shall have the right to demand from its Constituent:
a. the margin it has to provide under these Bye-Laws and the Rules and Regulations in respect of the business undertaken by it for such Constituent;
b. an Initial Margin in cash or the substitute for cash from its Constituent(s before undertaking to clear the Clients obligations and
c. to stipulate that the constituent shall pay margin or furnish such additional margins as may be prescribed from time to time.
11.1.2 The Constituent shall be bound to comply with the directions of the Clearing Member, when called upon to do so as required under these Bye- Laws, Rules and Regulations.
PART IV] THE GAZETTE OF INDIA, JUNE 17, 2017 (JYAISTHA 27, 1939) 133111.2 Constituent In Default
11.2.1 A Clearing Member shall not transact business directly or indirectly for a Constituent who, to his knowledge, is in default to another Clearing Member ("Creditor Clearing Member") unless such constituent has made arrangements to the satisfaction of the Clearing Member proposing to act for such constituent that such Constituent has or shall settle the claim of the Creditor Clearing Member.
11.2.2 On the application of a "Creditor Clearing Member" who refers or has referred to arbitration its claim against the defaulting Constituent as provided in these Bye-Laws, Rules and Regulations, the Relevant Authority shall issue orders against any Clearing Member/s restraining them from paying or delivering to the defaulting Constituent any monies or securities up to an amount or value not exceeding the Creditor Clearing Member's claim payable or deliverable to the defaulting constituent in respect of deals subject to the Bye-Laws, Rules and Regulations of the Clearing Corporation, which moneys and securities shall be deposited with the Clearing Corporation.
11.2.3 Any monies or collaterals attributable to a Member in Default shall be disposed of in accordance with the directions of the Defaulters Committee, the award in an arbitration or Court proceeding in favour of or against the said Member in Default or in terms of the prescriptions of SEBI on matters relating to Arbitration by or against a Member in Default as may be issued from time to time and notified by the Relevant Authority through the Regulations or Notices or circulars issued in this regard.
11.3 Closing-Out of Constituent's Account
11.3.1 Unless otherwise specified by the Relevant Authority from time to time, when closing-out the account of a Constituent, a Clearing Member close-out the positions in the open market and any expense incurred or any loss arising therefrom shall be borne by the Constituent.
11.4 Closing-Out by Constituent on Failure to Perform a Deal
11.4.1 If a Clearing Member fails to complete the settlement performance of a deal by delivery or payment in accordance with provisions of the Bye Laws, Rules and Regulations, the Constituent shall, after giving notice in writing to the Clearing Member open a client account with another Clearing Member. The Client may request the Clearing Member to request the Clearing Corporation to transfer such positions to another Clearing Member with whom the said constituent has opened a new account. The Constituent may then, close out such deal through any other Clearing Member as soon as possible. If the closing out be not effected as provided herein, the loss/damages incurred by the parties shall be determined on such basis as may be specified by the Relevant Authority from time to time and the Constituent and the Clearing Member shall forfeit all further rights of recourse against each other. The Clearing Corporation shall at its absolute discretion reject the request for transfer of positions from one Clearing Member to another Clearing Member.
11.5 Complaint By Constituent
11.5.1 When a complaint has been lodged by a Constituent with the Relevant Authority that a Clearing Member has failed to perform as per his instructions, the Relevant Authority shall investigate the complaint and if it is satisfied that the complaint is justified it may take such disciplinary action as it deems fit against the said Clearing Member.
11.6 Closing-out in the event of death or insolvency of a Constituent / Trading Member
11.6.1 A Clearing Member may close-out all open transactions on account of a Constituent who has died or declared insolvent or bankrupt. A Clearing Member may close-out all open transactions on account of such a constituent.
11.7 Release of funds and securities by Clearing Members
11.7.1 A Clearing Member shall make pay-out of funds and Securities in such manner so as to ensure full and timely compliance of all relevant requirements in this regard as may be prescribed by SEBI/Clearing Corporation.
11.8 Confidentiality to be maintained
11.8.1 The Clearing Member shall maintain the details of its Constituents in confidence and it shall not disclose such details to any person / entity, except as required under the law or by any authority.
1332 THE GAZETTE OF INDIA, JUNE 17, 2017 (JYAISTHA 27, 1939) [PART IV11.9 Transfer of positions by Clearing Member
11.9.1 The Clearing Corporation may suo moto or on the application of a Constituent of a suspended or defaulter Clearing Member or and on such terms and conditions as the Clearing Corporation deems fit to impose, permit all or any Open Positions of the Clearing Member (whether on his own account or on account of his Constituent) or Constituent to be transferred to another Clearing Member who agrees to accept such Open Positions.
11.10 Segregation of Dues
11.10.1 the accounts of the Clearing Members, their Clients and their affiliated Constituents (which is a member of the Concerned Exchange) for whom the Clearing Member is acting as such, shall be segregated from each other;
11.10.2 the amounts and assets standing to the debit and credit of the Clearing Member, its Clients or its affiliated Constituents shall not be adjusted against the credit or debit of each other or;
11.10.3 the Clearing Member's funds or assets or those of its Clients or affiliated Constituents shall not be utilised for payment of the dues of the other;
11.10.4 obligations payable by a Clearing Member on his own account shall not be paid or met out of funds / assets of a Client or affiliated Constituent;
11.10.5 Notwithstanding the aforesaid, any amount or assets payable / deliverable to a Clearing Member (on his own account) by the Clearing Corporation may be applied by the Clearing Corporation for paying amounts / assets payable/ deliverable by the Clearing Member or by any Constituent of the Clearing Member or any Trading Member of a Concerned Exchange (whose trades the Clearing Member had agreed to clear).
12. DECLARATION OF DEFAULT
12.1 Event of Default
12.1.1 The occurrence of any of the following events with respect to a Clearing Member shall constitute an Event of Default and will be dealt with by the Relevant Authority in accordance with these Bye-Laws and the Regulations framed thereunder and/or the Rules of the Clearing Corporation:
a. the Clearing Member (or any of the Clearing Member's officers, employees, Clients, contractors, agents,) is in violation or deemed violation of any of these Bye-Laws, Regulations and the Rules in respect of any of the Clearing Segments to which the Clearing Member has been admitted;
b. the Clearing Member fails to make any payment required to be made under or pursuant to these Bye-Laws Rules and the Regulations or Circulars issued by the Relevant Authority from time to time. Payments may include without limitation any payment towards the Clearing Members' Pay-in obligations in respect of any of the Clearing Segments to which it has been admitted, fees, transaction charges, fines or its clearing and settlement obligations relating to any of the Clearing Segments including delivery of the underlying relating to a Security, security deposit, Margins, Daily Settlement Amount, Final Settlement Amount, contribution to the Settlement Guarantee Fund, or any other dues to the Clearing Corporation, SEBI or any other Statutory agency;
c. the Clearing Member fails to make a valid delivery of the underlying asset at the time and place specified by the Relevant Authority or take delivery of the underlying asset relating to performance of a Deliverable Contract, or for the purpose of satisfying its Clearing and Settlement obligations with respect to any of the Clearing segments of the Clearing Corporation to which the Clearing Member is admitted;
d. the Clearing Member defaults on any other obligation under these Bye-Laws and the Regulations made thereunder and the Rules of the Clearing Corporation which, if capable of being remedied, is not remedied to the satisfaction of the Relevant Authority within the time specified by the Relevant Authority for such rectification;
e. the Clearing Member fails to abide by any arbitration proceedings or award as laid down under these Bye Laws, Regulations and Rules;
f. the Clearing Member is in violation of its Membership undertaking give to Clearing Corporation,PART IV] THE GAZETTE OF INDIA, JUNE 17, 2017 (JYAISTHA 27, 1939) 1333 g. an application, i n any jurisdiction, is filed or an order made for the winding up, dissolution, bankruptcy, management or administration of the Clearing Member or similar events or an assignment or composition is made by the Clearing Member for the benefit of its creditor(s);
h. any representation, warranty or document made or submitted by a Clearing Member in its Membership application was k n o w n t o t h e Clearing Member to be wrong or false or has become false in any material respect;
i. the Clearing Member o r any of its Principal officers, employees, contractors, agents, representatives or Clients, is in violation of an applicable law or regulation governing its business and affairs;
j. the Clearing Member or any of its employees or agents is charged in any court of law in connection with an offence involving fraud or dishonesty, whether w i t h in or outside India;
k. the Clearing Member or any of its principal officials or agents are insolvent or any steps towards bankruptcy or winding up are initiated against them;
l. any similar event that would affect the business and the financial condition of the Clearing Member (including its ability to pay debts as and when they fall due) and its affairs with the Clearing Corporation, or
m. any other event which, in the op i ni on of t he Relevant Authority, materially impacts or may materially impact the Clearing Member in meeting its obligations under these Bye- Laws, Regulations and the Rules.
12.2 Duty to Inform
12.2.1 The Clearing Member shall be bound to notify the Clearing Corporation immediately of the likelihood of a failure by any Clearing Member to discharge his liabilities in full.
12.3 Declaration of Default and Notification
12.3.1 The Relevant Authority shall, at its discretion, determine whether it shall treat an Event of Default as a Declaration of Default and shall determine the date and time of such Declaration of Default;
12.3.2 The Relevant Authority shall notify the Defaulter Member as well as other Members in writing of the Declaration of Default and its effective date and timing.
12.3.3 The Declaration of Default of a Clearing Member owing to an Event of Default attributable to one or more of the Clearing Segments shall have the effect of declaring the Clearing Member entity itself as a Defaulter irrespective of whether the Clearing Member is meeting or has met all its obligations in all the other Clearing Segments.
12.3.4 On a Clearing Member being declared a Defaulter relating to his operations in one or more of the Clearing Segments on the Clearing Corporation, the Relevant Authority shall forthwith notify the Concerned Exchange as well as the other Exchanges, Clearing Corporations in India and SEBI so as to enable them to initiate steps to protect the integrity of the Markets and to enable the Clients of the Trading Members on the Concerned Exchange and the affiliated Constituents of such Clearing Member to commence process of aligning or affiliating with other Clearing Members for continuity of their dealings on the Concerned Exchanges.
12.4 Rights of Clearing Corporation
12.4.1 The occurrence of an Event of Default shall not preclude the rights of the Clearing Corporation to exercise, against any Clearing Member, any or all of its powers (as it deems fit) in relation to any other event whether or not also constituting an Event of Default (whether such other event is concurrent, subsequent or prior to the Event of Default).
12.4.2 Upon the Declaration of Default, the Relevant Authority may take such steps as it deems fit, including but not limited to, freezing the Defaulter's accounts Clearing Segment wise and selling any or all Collateral standing to the credit of the Defaulter's accounts with the Clearing Corporation in respect of all the Clearing Segments. Without prejudice to the generality of the foregoing, the Relevant Authority may take any action as it deems appropriate, with respect to all the Clearing Segments in which the Defaulter is a Clearing Member of the Clearing Corporation including without limitation, the following:
1334 THE GAZETTE OF INDIA, JUNE 17, 2017 (JYAISTHA 27, 1939) [PART IVa. to Close-out all or any of the Open Positions of the Defaulter, including Open Positions of its Client(s) and/or affiliated constituents and to appropriate any excess;
b. to sell, realise, apply and set off any Collateral, deposited by the Defaulter by way of Margin, security deposit or otherwise and to apply the proceeds without being required to give notice to or obtain the consent of the Defaulter or any court order, with full power to execute any documents in its own name or as attorney for the Defaulter for that purpose, provided always that any Collateral deposited with the Clearing Corporation with respect to Open Positions designated to any Client or affiliated Constituents Account may be used to meet obligations in a Client or affiliated Constituent Account only and shall not be used to meet any obligations in a Proprietary Account;
c. to apply any surplus in any Clearing and Settlement Account of the Defaulter Clearing Member to any deficiency on any Client or affiliated Constituent Account of the Defaulter Clearing Member;
d. to transfer all or any Open Positions of a Constituent of the Defaulter to another Clearing Member together with any Margins which, in the opinion of the Clearing Corporation, are held by it with respect to such Open Positions;
e. to exercise or abandon any Option Contract of the Defaulter and any such exercise or abandonment shall be deemed to have been effected by the Clearing Member which is the party to the Options Contract, to make payment or delivery from the account of the Defaulter in performance of its settlement obligations;
f. to Close-out the Open Positions of the Defaulter by trading on the Exchange or any available futures, forward, cash or spot market or by compulsorily Closing out such Open Positions by way of cash settlement at a price to be decided by the Relevant Authority;
g. to do all such other necessary acts and things as are in the opinion of the Relevant Authority necessary to reduce or determine the exposure of the Clearing Corporation under Open Positions of the Defaulter or otherwise, arising from or as a result of the Declared Default, or
h. to take such measures, including but not limited to, Closing- out of positions, effect alternative delivery process in the event of Declaration of Default to ensure financial safety and integrity of the Clearing a n d Settlement system. The Non-defaulting Clearing Members shall accept the decision of the Relevant Authority and abide by the directives issued in this regard.
i. When a clearing member has been declared a defaulter, the relevant authority shall take charge of all his books of accounts, documents, papers and vouchers to ascertain the state of his affairs and the defaulter shall hand over such books, documents, papers and vouchers to the relevant authority.
j. The Relevant Authority may require the defaulter Clearing Member to file with the relevant authority within such time of the declaration of his default as the relevant authority may direct, a written statement containing the complete list of his debtors and creditors and the sum owing by and to each.
k. the Clearing Corporation shall publish a notice inviting the legitimate claimants to file claims against the defaulter member within a period of ninety days or such other period as may be specified by the Relevant Authority.
l. The Clearing Corporation shall publish the notice in all the editions of at least one English national daily with wide circulation and in at least one regional language daily with wide circulation at the place(s) where the concerned Member/s are situated and such notice shall also be displayed on the website of the Exchange for the entire specified period.
m. The notice calling for claims shall contain the maximum compensation limit for a single claim and all other relevant information.
n. The defaulter shall submit to the relevant authority such statement of accounts; information and particulars of his affairs as the relevant authority may from time to time require and if so desired shall appear before the relevant authority at its meetings held in connection with his default.
PART IV] THE GAZETTE OF INDIA, JUNE 17, 2017 (JYAISTHA 27, 1939) 1335o. The relevant authority may conduct a strict inquiry into the accounts and dealings of the defaulter in the market and shall report anything improper, un-business like or unbecoming a clearing member in connection therewith which may come to its knowledge.
p. All monies, securities and other assets due, payable or deliverable to the defaulter must be paid or delivered to the relevant authority within such time of the declaration of default as the relevant authority may direct.
q. A clearing member who shall have received a difference on account or shall have received any consideration in any deal prior to the date fixed for settling such account or deal shall, in the event of the clearing member from whom he received such difference or consideration being declared a defaulter, refund the same to the relevant authority for the benefit and on account of the creditor members. Any clearing member who shall have paid or given such difference or consideration to any other clearing member prior to such settlement day shall again pay or give the same to the relevant authority for the benefit and on account of the creditor member in the event of the default of such other member.
r. The relevant authority shall at the risk and cost of the creditor members pay all assets received in the course of realisation into such bank and/or keep them with the concerned Segment in such names as the relevant authority may from time to time direct and shall distribute the same in accordance with the Rules, Bye Laws and Regulations.
s. Within such time of the declaration of default as the relevant authority may direct every clearing member carrying on business on the concerned Segment shall, as it may be required to do, either compare with the relevant authority his accounts with the defaulter duly adjusted and made up as provided in the Rules, Bye-Laws and Regulations or furnish a statement of such accounts with the defaulter in such form or forms as the relevant authority may prescribe or render a certificate that he has no such account.
t. Any clearing members failing to compare his accounts or send a statement or certificate relating to a defaulter within the time specified shall be called upon to compare his accounts or send such statement or certificate within such further time as may be specified.
u. The relevant authority may take such action as it may deem fit including levying of fine and suspension on any clearing member who fails to compare his accounts or submit a statement of its account with the defaulter or a certificate that he has no such account within the specified time.
v. The relevant authority may take such action as it may deem fit including levying of fine and suspension, if it is satisfied that any comparison statement or certificate relating to a defaulter sent by such clearing member was false or misleading.
w. The relevant authority shall keep a separate account in respect of all monies, securities and other assets payable to a defaulter which are received by it and shall defray therefrom from all costs, charges and expenses incurred in or about the collection of such assets or in or about any proceedings it takes in connection with the default.
12.4.3 The Relevant Authority shall apply the net assets remaining in its hands after defraying all such costs, charges and expenses as are allowed under the Rules, Byelaws and Regulations to be incurred by the Clearing Corporation, in satisfying the claims in the order of priority provided hereunder:
a. Dues to the Securities and Exchange Board of India, Clearing Corporation and the Concerned Exchange.
The payment of such subscriptions, debts, fines, fees, charges and other money/ies due to Clearing Corporation, the relevant Specified Exchange and Securities and Exchange Board of India on a prorata basis,
b. Dues to Constituents of the defaulter
The payments as may be admitted by the Relevant Authority, as being due to Constituents of the defaulter for debts, liabilities, obligations and claims arising out of any contracts made by the defaulter subject to the Rules, Bye-laws and Regulations of the Clearing Corporation, provided that if the amount is insufficient then the amounts shall be distributed prorata amongst all the Constituents of the defaulter1336 THE GAZETTE OF INDIA, JUNE 17, 2017 (JYAISTHA 27, 1939) [PART IV c. Dues to the Approved Banks and claims of any other persons as approved by the Relevant Authority
After making payments under (b) above, the amounts remaining, if any, shall be utilised to meet the claims of the approved banks and of any other person as may be admitted by the Relevant Authority. The claims of the approved banks should have arisen by virtue of Clearing Corporation or the relevant Specified Exchange invoking any bank guarantee issued by the bank concerned to the Clearing Corporation or the relevant Specified Exchange as the case may be on behalf of the defaulter to fulfill his obligation of submitting bank guarantee, guaranteeing discharge of obligations under the Byelaws, Rules and Regulations of Clearing Corporation / the relevant Specified Exchange. The claims of other persons should have arisen out of or incidental to the clearing and settlement of a deal on the Clearing Corporation or requirements laid down by the Clearing Corporation, provided that if the amount available be insufficient to pay all such claims in full, they shall be paid pro rata.
d. Dues to any other recognised stock exchange/clearing Corporation
After meeting the claims under (c) above, the remaining amounts, if any, shall be disbursed to any other recognised stock exchange / clearing corporation for the purpose of meeting the obligations of the defaulter as a member of that exchange/clearing corporation. If the defaulter is a member of more than one recognised stock exchange/clearing corporation, then the remaining amounts shall be distributed amongst all such recognised stock exchanges / clearing corporations and if the remaining amount is insufficient to meet the claims of all such stock exchanges/clearing corporations, then the remaining amount shall be distributed pro rata among all such stock exchanges/clearing corporations; and
e. Surplus
The surplus amounts, if any, remaining after meeting all the above claims, shall be paid to the Clearing Member and in case where the Clearing Member has expired, the surplus amount shall be paid to his legal heirs / legal representatives.
12.4.4 The relevant authority shall not entertain any claim against a defaulter:
a. which arises out of a contract in securities, dealings in which are not permitted or which are not made subject to Bye Laws, Rules and Regulations or in which the claimant has either not paid himself or colluded with the defaulter in evasion of margin payable on bargains in any security ;
b. which arises out of a contract in respect of which comparison of accounts has not been made in the manner specified in the Rules, Bye Laws and Regulations or when there has been no comparison if a contract note in respect of such deals has not been rendered as provided in the Rules, Bye Laws and Regulations;
c. which arises from any arrangement for settlement of claims in lieu of bonafide money payment in full on the day when such claims become due;
d. which is in respect of a loan with or without security
e. which is not filed with the relevant authority within such time of date of declaration of default as may be specified by the relevant authority
12.4.5 A Clearing member being a creditor of a defaulter shall not sell, assign or pledge the claim on the estate of such defaulter without the consent of the relevant authority.
12.4.6 The Relevant Authority shall be empowered to (a) initiate any proceedings in a court of law either in the name of the Clearing Corporation or in the name of the defaulter against any person for the purpose of recovering any amounts due to the defaulter; (b) initiate any proceedings in a court of law either in the name of Clearing Corporation or in the name of the creditors (who have become creditors of the defaulter as a result of deals cleared and settled subject to Byelaws, Rules and Regulations of the Clearing Corporation) of the defaulter against the defaulter for the purpose of recovering any amounts due from the defaulter. The defaulter as well as the creditors of the defaulter shall be deemed to have appointed the Clearing Corporation as their constituted attorney for the purpose of taking such proceedings.
12.5 Subsequent recovery from the Defaulter Clearing Member
12.5.1 Any amount that the Clearing Corporation may later recover from the Defaulter Clearing Member shall, to the extent of such recovery, reduce the Loss of the Clearing Corporation.
PART IV] THE GAZETTE OF INDIA, JUNE 17, 2017 (JYAISTHA 27, 1939) 133713. CORE SETTLEMENT GUARANTEE FUND
13.1 Establishment of Settlement Guarantee Fund
The Clearing Corporation shall, in accordance with the prescriptions of SEBI, establish and maintain a Settlement Guarantee Fund for each Clearing Segment that it operates.
13.2 The Settlement Guarantee Fund called Core SGF shall be established by the Clearing Corporation for each Clearing Segment it operates to guarantee the settlement of trades executed in the respective Clearing segment of the Concerned Exchange.
13.2.1 The Core Settlement Guarantee Fund shall be used by the Clearing Corporation in accordance with SEBI directives issued from time to time.
13.2.2 The Core Settlement Guarantee Fund shall have a minimum corpus which shall be referred to as the Minimum Required Corpus of Core SGF (MRC). In determining the size or extent of the Corpus of the Core Settlement Guarantee Fund the Relevant Authority shall ensure that:
a. the corpus of the Core Settlement Guarantee Fund shall be adequate to meet all the contingencies arising on account of failure of any Clearing Member(s) in meeting its obligations.
b. the risk or liability to the fund shall relate to or depend on various factors such as trade volume, delivery percentage, maximum settlement liability of the Clearing Members, the history of defaults, capital adequacy of the Clearing Members, the degree of safety measures employed by the Clearing Corporation or the Concerned Exchange with reference to a particular Clearing Segment;
c. in order to assess the fair quantum of the corpus of Core SGF appropriate consideration shall be made to, among others, the following factors:
i. risk management system in force at the Clearing Corporation in respect of each Clearing Segment;
ii. current and projected volume/turnover to be cleared and settled by the Clearing Corporation on a guaranteed basis;
iii. Clearing Segment wise track record of defaults of Clearing Members (number of defaults, amount in default)
13.2.3 The Minimum Required Corpus of Core SGF (MRC) for each Clearing Segment shall be computed by the Relevant Authority separately and shall be subject to the following prescriptions of SEBI and as may be modified by SEBI from time to time:
a. The MRC shall be fixed for a calendar month.
b. By 15th of every preceding month, the Relevant Authority shall review and determine the MRC for each Clearing Segment for the next month based on the results of daily stress tests of the preceding month.
c. The Relevant Authority shall also review and determine by 15th of every month, the adequacy or otherwise of contributions made by various contributors and any further contributions to the Core SGF required to be made by various contributors (as per clause 13.2.4 ) for the next month.
d. For every day of the preceding month, any uncovered loss numbers shall be estimated by the various stress tests for credit risk conducted by the Relevant Authority for each Clearing Segment and highest of such numbers shall be taken as worst case loss number for the day.
e. Average of all the daily worst case loss numbers determined in (d) above shall be calculated.
f. The MRC for each succeeding month shall be higher of the average arrived in at step (e) above and the Clearing segment MRC as per previous review.
13.2.4 Contribution to Core SGF:
13.2.4.1 The Relevant Authority shall ensure that at any point of time, the contributions of
various contributors to Core SGF of any segment shall be as follows:
a. Contribution by the Clearing Corporation: The Clearing Corporation's contribution to Core SGF shall be at least 50% of the MRC, which shall be made out of its own funds.
1338 THE GAZETTE OF INDIA, JUNE 17, 2017 (JYAISTHA 27, 1939) [PART IVb. Contribution from the Concerned Exchange: Each of the Concerned Exchange shall contribute to the Core SGF at least 25% of the MRC of each Clearing Segment;
c. Clearing Member primary contribution: Where the Relevant Authority determines, it can seek risk based contribution from Clearing Members (CMs) of the relevant Clearing Segment (including the custodian Clearing Members) to the Core SGF subject to the following conditions:
i. that total contribution from Clearing Members shall not be more than 25%
of the MRC;
ii. that no exposure shall be made available to a Clearing Member on its contribution to the Core SGF (exposure-free collateral, if any of a Clearing Member available with the Clearing Corporation can be considered towards Core SGF contribution of such Clearing Member), and
iii. that required contributions of individual Clearing Members shall be pro-rata
based on the risk they bring to the system.
iv. The Relevant Authority shall have the flexibility to collect a Clearing Members primary contribution to the Core Guarantee Fund either upfront or staggered over a period of time. In case of staggered contribution, the remaining balance shall be met by Clearing Corporation to ensure adequacy of total Core SGF corpus at all times. Such contribution by the Clearing Corporation shall be available for withdrawal by the Clearing Corporation as and when further contributions from Clearing Members are received.
The above quantum or limits of contribution to be made by the Clearing Corporation, the Concerned Exchanges and Clearing Members may be reviewed by Relevant Authority from time to time considering the prevailing market conditions and/or prescriptions of SEBI.
d. Penalties levied and collected by Clearing Corporation (as per Regulation 34 of SECC Regulations) shall be credited to Core SGF corpus of the concerned Clearing Segment.
e. Interest on cash contribution to Core SGF shall also accrue to the Core SGF of the concerned Clearing Segment and pro-rata attributed to the contributors in proportion to their cash contribution.
f. The Clearing Corporation shall ordinarily accept cash collateral for Core SGF contribution. However, it may also accept a Clearing Members contribution in the form of Fixed Deposits issued by banks which are approved by the Relevant Authority for such purposes. The Relevant Authority shall be guided by the directions issued from time to time by SEBI in this regard.
13.3 Management of the Core Settlement Guarantee Funds:
13.3.1 The Relevant Authority shall constitute a committee to conduct and manage the utilization of the Settlement Guarantee Fund which shall,
a. deal with, among others the manner of utilizing the Funds in the event of the Clearing Corporation declaration a Clearing Member as a Defaulter;
b. decide on, among others, the manner of utilizing the Funds in the event of a delay or temporary failure of one or more Clearing Members to discharge their respective obligations and liabilities under each Clearing Segment.
13.3.2 The Relevant Authority shall follow prudential norms of Investment policy for Core SGF corpus and establish and implement policies and procedures to ensure that Core SGF corpus is invested in highly liquid financial instruments with minimal market and credit risk and is capable of being liquidated rapidly with minimal adverse price effect. The Relevant Authority shall also be guided by the investment norms that SEBI may prescribe in this regard from time to time.
13.4 Further contribution to / Recoupment of Core SGF
13.4.1 The requisite contributions to the Core SGF by various contributors (as per clause 13.2.4) under each Clearing Segment for any month shall be made by the contributors before start of the month.
13.4.2 In the event of usage of Core SGF of a particular Clearing Segment during a calendar month, it becomes incumbent upon the respective contributors to, as per usage of their individual contribution, immediately replenish the Core SGF to the MRC.
PART IV] THE GAZETTE OF INDIA, JUNE 17, 2017 (JYAISTHA 27, 1939) 133913.4.3 In case of failure on the part of one or more contributor(s) to replenish its (their) contribution, such contributions shall be immediately met, on a temporary basis during the month, in the following order:
(i) By Clearing Corporation
(ii) By the Concerned Exchange
The Relevant Authority shall, on a monthly basis, place before the Risk Management Committee and the Governing Board of the Clearing Corporation a summary of the affairs of the Settlement Guarantee Fund for a particular month with particular reference or focus on the utilisation and the corpus of the Fund, shortfall if any and the manner of replenishing the required corpus from the Contributors. An exception reporting shall be made to SEBI detailing the outcome of the review by the Governing Board of the Clearing Corporation, especially on matters taken to enhance the Core SGF.
13.5 Default waterfall
13.5.1 The recouping of the corpus of the Clearing Corporation in the event of an emerging shortfall situation in respect of the MRC of a particular Clearing Segment, which is also termed as default waterfall of the Clearing Corporation shall, as per the current directions of SEBI, generally follow the following order:
a. monies of defaulting Clearing Member (including defaulting Clearing Member's primary contribution to Core SGF(s) and excess monies of defaulter in other segments).
b. proceeds of insurance policies, if any.
c. resources of the Clearing Corporation (equal to 5% of the segment MRC).
d. Core SGF of the Clearing Segment in the following order:
i. penalties
ii. contributions of the Clearing Corporation to the extent of at least 25% of the particular Clearing Segment MRC
iii. remaining Core SGF: CC contribution, Concerned Exchange contribution and non- defaulting Clearing Members' primary contribution to Core SGF on pro-rata basis.
e. proportion of remaining Clearing Corporation resources (excluding its contribution to core SGFs of other Clearing Segments and Rs.100 Crore) equal to ratio of Clearing Segment MRC to the MRCs of all the Clearing Segments managed by the Clearing Corporation.
NOTE: SEBI has mandated that the said Rs.100 Crore is to be excluded only when remaining Clearing Corporations resources, excluding the contribution of the Clearing Corporation to the core SGFs of other Clearing segments, are more than Rs. 100 Crore
f. Clearing Corporation's/ Concerned Exchange's contribution to Core SGFs of other Clearing Segments (after meeting obligations of those Clearing Segments) and remaining available resources of the Clearing Corporation to that extent as approved by SEBI.
g. the Capped additional contribution by non-defaulting Clearing Members of the particular Clearing Segment.
NOTE: SEBI has mandated that the Clearing Corporation shall limit the liability of non-defaulting Clearing Members towards the additional contribution requirements to a multiple of their required primary contribution to the Core SGF and the framework regarding the same, as may be decided by the Relevant Authority, be disclosed. Any shortfall in recovery of assessed amounts from non- defaulting Clearing Members, shall be allocated to layer 'f' above with the approval of SEBI.
h. any remaining shortfall or loss shall be covered by way of pro-rata haircut to pay-outs. (NOTE: In case loss allocation is effected through haircut to pay-outs, any subsequent usage of funds by the Clearing Corporation in respect of a particular Clearing Segment shall be with prior approval of SEBI. Further, any exit by Clearing Corporation post exhausting this layer shall be as per the terms as may be decided by SEBI in public interest.)
14. MISCELLENEOUS PROVISIONS
14.1 Emergency Powers
14.1.1 Whenever the Relevant Authority considers that there is an emergency, being without limitation:
14.1.1.1 any threatened or actual market manipulation or cornering including any act of any
government, any major market disturbance which affects the market, or
1340 THE GAZETTE OF INDIA, JUNE 17, 2017 (JYAISTHA 27, 1939) [PART IV14.1.1.2 any undesirable situation or practice that the Clearing Corporation deems to be an emergency, or crisis in the nature of manipulation, squeezes, bear raid, or wherever the Relevant Authority is of the opinion that certain Deals are executed for the purpose of:
a. inducing a false or artificial appearance of activity, or upsetting the price
equilibrium, or
b. the business being conducted in a manner prejudicial to the interests of the
trade or the interests of the Clearing Corporation or
14.1.1.3 in the case of any unusual or unforeseeable events or adverse circumstances or it is expedient in the general interests of the Clearing Corporation to do so, notwithstanding anything to the contrary contained in these Bye-Laws, the Rules, Circulars, Contract Specifications, or the Relevant Acts and/or any applicable laws, the Relevant Authority may:
a. effect alternative settlement or delivery of outstanding securities;
b. Close-out a Security at a price determined by the Relevant Authority and with effect from such date as may be determined by the Relevant Authority;
c. impose Special Margin;
d. amend or delete or add to the Rules and Circulars made there under;
e. take such other measures that the Relevant Authority may from time to time
decide.
14.2 Powers to call for information and statement of accounts
14.2.1 The Relevant Authority shall have power at any time to call upon all or any Clearing Member to submit detailed statement providing information relating to Securities transactions entered into by such Clearing Member in such form and in such manner as may be specified.
14.2.2 In particular and without prejudice to the generality of the foregoing and other powers under these Bye-Laws, such information may relate to the following matters:
a. Deals or transactions entered into by a Member with another Member on its Proprietary Account;
b. Deals cleared by a Clearing Member for its Clients
c. Open Positions of a Clearing Member attributable to its Clients; and
d. Collaterals held by a Clearing Member for its Proprietary Account or Client Account.
14.2.3 The Relevant Authority shall have the power for the purposes of verifying or checking any statement submitted by a Clearing Member under these Bye-Laws to call for production of the books of the Clearing Member and/or call for explanation from any Clearing Member 14.2.4 A Clearing Member failing or neglecting to submit any such statement or to produce any such books or to give any such explanations, shall be subject to disciplinary action under these Bye- Laws.
14.2.5 The Relevant Authority shall notify SEBI of such actions as soon as practicable.
14.3 Nothing in these Bye-Laws shall in any way limit the powers of the Board, the Relevant Authority or any other duly authorised Committee to act in an emergency situation in accordance with these Bye-Laws.
Date : 24.05.2017 Place: Mumbai
NARENDRA KUMAR AHLAWAT Director
——————
NATIONAL SECURITIES CLEARING CORPORATION LIMITED
Registered Office: Exchange Plaza, Plot no. C-1, Block G, Bandra-Kurla Complex, Bandra (East), Mumbai-400 051 The provisions contained in the respective clauses of Articles of Association of National Securities Clearing Corporation Limited are altered as under:
I. Changes in Section numbers, Schedule numbers or reference to the Companies Act, 1956 in light of the
Companies Act, 2013.
PART IV] THE GAZETTE OF INDIA, JUNE 17, 2017 (JYAISTHA 27, 1939) 1341Pursuant to change in the companies act, following references to sections from the Companies Act, 1956 are changed to refer to the respective sections in the Companies Act, 2013 or reference to provisions of Companies Act, 2013:
| Sr. No. | Article Number | Companies Act, 1956 reference | Companies Act, 2013 ("Act") reference |
| 1. | Recital | Table A in the first schedule to the Companies Act, 1956 | Table marked F in Schedule 1 to the Companies Act, 2013 |
| 2. | Article 1(h) | Section 150 | Section 88 |
| 3. | Article 2(d) | Companies Act 1956 | "the Act" |
| 4. | Article 4 | Sections 150, 151 and 152 | Section 88 |
| 5. | Article 5 | Sections 159 and 161 | "..under the Act" |
| 6. | Article 7 | Sections 69, 70 and 75 | Section 39 |
| 7. | Article 15 | Section 77 | Section 67 |
| 8 | Article 15A | Section 77A | Section 68 |
| 9. | Article 34 | Section 205-A | ".. subject to the Act" |
| 10. | Article 45 | Section 108 (1-A) | Section 56 |
| 11. | Article 47 | Sub-section (1), (1-A) and (1B) of Section 108 | Section 56 |
| 12. | Article 68 | Section 81 | Section 62 |
| 13. | Article 68 | Section 79 | Section 53 |
| 14. | Article 73 | Section 58A, 292, 293 | ".. provisions of the Act" |
| 15. | Article 79 | Section 143 | ".. provisions of Act" |
| 16. | Article 105 | Section 187 | Section 113 |
| 17. | Article 112 | Schedule IX | Section 105 |
| 18. | Article 152 | Section 193 | Section 118 |
| 19. | Article 157(19) | Section 293 | Section 181 |
| 20. | Article 157(23) | Sections 292 and 293 | ".. provisions of the Act" |
| 21. | Article 157(24) | Sections 292 and 293 | ".. provisions of the Act" |
| 22. | Article 165 | Section 205 | Section 123 |
| 23. | Article 168 | Section 205 | Section 123 |
| 24. | Article 173 | Section 205A | ".. subject to the Act" |
II. Changes due to additions or deletion to the existing articles.
1. The Article 1(a) is amended as given here under:
"The Act" or "the said Act" shall mean The Companies Act, 2013 and includes all rules made thereunder, clarifications, circulars, notifications and every statutory modification or replacement thereof, for the time being in force, and the relevant provisions of the Companies Act, 1956, to the extent such provisions have not been superseded by the Companies Act, 2013 or de-notified, as the case may be.
2. The Article 6 is amended as given here under:
The Company shall send to any Member, Debenture-holder or other Person on request, a copy of the Register of Members, the Index of Members, the Register and Index of Debenture-holders or any part thereof required to be kept under the Act, on payment of such sum as may be prescribed by the Act. The copy shall be sent within a period of seven days, or such other time as may be prescribed under the Act or rules made thereunder.
3. The Article 8 is amended as given here under:
Subject to the provisions of the Act and these presents, the shares in the Capital of the Company for the time being (including any shares forming part of any increased capital of the Company) shall be under the control of the Directors who may allot or otherwise dispose off the same or any of them to such persons in such proportions and on such terms and conditions and either at a premium or at par or (subject to compliance with the provisions of Section 53 of the Act) at a discount and at such times as they may from time to time think fit and proper with the sanction in the General Meeting to give to any person or persons the option1342 THE GAZETTE OF INDIA, JUNE 17, 2017 (JYAISTHA 27, 1939) [PART IV or right to call for any Shares either at par or premium during such time and for such consideration as the Directors think fit, and may issue and allot Shares in the capital of the Company on payment in full or part of any property sold and transferred or for any services rendered to the Company in the conduct of its business and any Shares which may so be allotted may be issued as fully paid up Shares and if so issued, shall be deemed to be fully paid Shares;
Provided that option or right to call shares shall not be given to any person except with the sanction of the Company in General Meeting.
4. The Article 18(1) is amended as given here under:
The Company may at any time pay a commission to any person for subscribing or agreeing to subscribe (whether absolutely or conditionally) for any shares, debentures or debenture stock or any other security of the Company or for procuring or agreeing to procure subscriptions (whether absolute or conditional) for any share debentures or debenture stock or any other security of the Company but so that if the commission in respect of shares shall be paid or payable out of the proceeds of the respective issue or profit or both the statutory conditions and requirements shall be observed and complied with and the amount or rate of commission shall not exceed the rates prescribed by the Act. The Commission may be paid or satisfied in cash or in shares, debenture or debenture stock of the Company.
5. The Article 19 is amended as given here under:
The certificate of title to securities shall be issued under the Seal of the Company in presence of and bearing the signature of two Directors or persons duly authorised by the Board or its Committee, as the case may be, and the secretary or some other persons appointed by the Board for the purpose. If the composition of the Board permits of it, at least one of the aforementioned two directors shall be a person other than a managing director or a whole-time director. The certificate of such shares shall, subject to provisions of Section 56 of the Act, be delivered in accordance with the procedure laid down in the Act within two months after the allotment in case of allotment of shares or within one month from the date of receipt by the Company of the instrument of transfer in case of transfer or within one month from the date of receipt of intimation of transmission by the Company or in case of allotment of debentures within six months from the date of allotment of such debentures;
Provided always that notwithstanding anything contained in this Articles, the certificate of title to share/debenture may be executed and issued in accordance with such other provisions of the Act or Rules made thereunder, as may be in force for the time being and from time to time. ln respect of a Share or Shares or security or securities held jointly by several persons, the Company shall not be bound to issue more than one certificate and delivery of a certificate of Shares or securities to one of several joint holders shall be sufficient delivery to all such holders. Notwithstanding the above, the certificates of securities shall be issued in accordance with the provisions of the Act, as amended, and any other applicable laws.
6. The Article 19A is amended as given here under:
Notwithstanding anything contained in these Articles, the Company shall be entitled to dematerialise its securities and to offer securities in a dematerialised form pursuant to the Depositories Act, 1996. In respect of the securities so dematerialised, the provisions of the Depositories Act, 1996 and the relevant regulations shall apply. For securities dealt with in a depository, the Company shall intimate the details of allotment of securities to depository immediately on allotment of such securities.
7. The Article 20 is amended as given here under:
Every Member shall be entitled without payment to one certificate for all the shares of each class or denomination registered in his name or, if the Directors so approve (upon paying such fee or fees or at the discretion of the Directors without payment of fees as the Directors may from time to time determine) to several certificates each for one or more shares of each class. Every certificate of shares shall contain such particulars and, shall be in such form as prescribed by the Companies (Share Capital and Debentures) Rules, 2014 as amended or any other Rules in substitution or modification thereof. Where a Member has transferred a part of the shares comprised in his holding, he shall be entitled to a certificate for the balance without charge.
8. The Article 21(1) is amended as given here under:
A certificate may be renewed or a duplicate of a certificate may be issued within the period prescribed under applicable law if (a) such certificate(s) is proved to have been lost or destroyed to the satisfaction of the Company and on execution of such indemnity as the Company deem adequate, or (b) having been defaced or mutilated or torn or worn out, or (c) has no further space on the back thereof for endorsement or transfer, is produced and surrendered to the Company. Every certificate under this Article shall be issued on payment of fees if the Directors so decide, or on payment of such fees (not exceeding Rs.50/- for each certificate) as the Directors shall prescribe.
PART IV] THE GAZETTE OF INDIA, JUNE 17, 2017 (JYAISTHA 27, 1939) 13439. The Article 21(2) is amended as given here under:
The manner of issue or renewal of a certificate or issue of a duplicate thereof, the form of a certificate (origin or renewed) or of a duplicate thereof, the particulars to be entered in the Register of Members or in the Register of renewed or duplicate certificates, the form of such Registers, the fee on payment of which the terms and conditions on which a certificate may be renewed or a duplicate thereof may be issued, shall be such as prescribed by the Act and rules made thereunder and or any other act or rules applicable in this behalf.
The provisions of the foregoing Articles relating to issue of certificates shall mutatis mutandis apply to issue of certificates for any other securities including Debentures (except where the Act otherwise requires).
10. The Article 27 is amended as given here under:
If by the terms of issue of any share or otherwise any amount is made payable at any fixed time or by instalments at fixed times, whether on account of the nominal value or by way of premium, every such amount or instalments shall be payable as if it were a call duly made by the Directors and of which due notice has been given and all the provisions herein contained in respect of calls shall relate to such amount or instalments accordingly.
11. The Article 28 is amended as given here under:
If the sum payable in respect of any call or instalment be not paid on or before the day appointed for payment thereof, the holders for the time being or allottee of the share in respect of which a call shall have been made or the instalment shall be due shall pay interest on the same at such rate as the Directors shall fix from time to time from the day appointed for the payment thereof to the time of actual payment, but the Directors may waive payments of such interest wholly or in part. A call may be revoked or postponed at the discretion of the Board.
12. The Article 30 is amended as given here under:
The Directors may, if they think fit (subject to the provisions of the Act), agree to and receive from any Member willing to advance the whole or any part of the moneys due upon the shares held by him beyond the sums actually called for, and upon the moneys so paid or satisfied in advance or so much thereof as from time to time exceeds the amount of the calls then made upon the shares in respect of which such advance has been made, the Company may pay interest at such rate as the Member paying such sum in advance and the Directors agree upon and the Directors may at any time repay the amount so advanced upon giving to such Member one month's notice in writing; provided that moneys paid in advance of calls on Shares may carry interest but shall not confer a right to dividend or to participate in profits.
No Member paying any such sum in advance shall be entitled to voting rights in respect of the moneys so paid by him until the same would but for such payment become presently payable. The provisions of this Article shall mutatis mutandis apply to calls on Debentures issued by the Company.
13. The Article 38 is amended as given here under:
Any Member whose share have been forfeited shall, notwithstanding the forfeiture, be liable to pay and shall forthwith pay to the company all calls, instalments, interest, expenses and other monies owing upon or in respect of such shares at the time of the forfeiture together with interest thereon from the time of the forfeiture until payment, at such rates as may be prescribed by the Directors and the Directors may enforce the payment of the whole or a portion thereof if they think fit but shall not be under any obligation to do so. Liability of such Member shall cease if and when the Company shall have received payment in full of all such monies in respect of the shares.
14. The Article 39 is amended as given here under:
The Company shall have no lien on its fully paid shares. In the case of partly paid up shares/debentures, registered in the name of each Member/Debenture holder (whether solely or jointly with another or others) and upon the proceeds of sale thereof, the Company shall have a first and paramount lien only for all monies called or payable (whether presently payable or not) at a fixed time in respect of such shares/debentures and no equitable interest in any share/debenture shall be created except upon the footing and condition that this Article will have fullest effect. Any such lien shall extend to all dividends, from time to time, declared in respect of such shares subject to the provisions of the Act. Unless otherwise agreed, the registration of a transfer of shares/ debentures shall operate as a waiver of the Company's lien, if any, on such shares/debentures; provided that the Board may at any time declare any Share(s)/debenture(s) to be wholly or in part exempt from the provisions of this clause.
15. The Article 48 is amended as given here under:
Every instrument of transfer shall be presented to the Company duly stamped for registration within a period of sixty days from the date of execution, or such period as may be prescribed under the applicable law,1344 THE GAZETTE OF INDIA, JUNE 17, 2017 (JYAISTHA 27, 1939) [PART IV accompanied by the relative share certificates and such evidence as the Board may require to prove the title of the transferor, his right to transfer of shares and generally under and subject to such conditions and regulations as the Board shall from time to time, prescribe and every registered instrument of transfer shall remain in the custody of the Company until destroyed by order of the Board of Directors, subject to the provisions of law.
16. The Article 51 is amended as given here under:
Subject to the provisions of the Act, any person becoming entitled to shares in consequence of death, lunacy, bankruptcy, insolvency or liquidation of any Member, by any lawful means other than by a transfer in accordance with this Articles, may, upon such evidence being produced as may from time to time properly be required by the Board and subject as hereinafter provided, elect, either (a) to be registered himself as holder of the share; or (b) to make such transfer of the share as the deceased or insolvent Member could have made. The Board shall, in either case, have the same right to decline or suspend registration as it would have had, if the deceased or insolvent Member had transferred the share before his death or insolvency.
Provided nevertheless, that the person who shall elect to have his nominee registered shall testify the election by executing in favour of his nominee an instrument of transfer in accordance with the provisions herein contained, and until he does so, he shall not be freed from any liability in respect of the shares.
17. The Article 54 is amended as given here under:
The Board shall have power on giving at least seven days' or such period as may be prescribed under the applicable law, previous notice, in such manner as may be prescribed, by advertisement at least once in a vernacular newspaper in the principal vernacular language of the district and having a wide circulation in the place where the Registered Office of the Company is situated, in English language in an English newspaper circulating in that district and having wide circulation in the place where the Registered Office of the Company is situated and publish the notice on website as may be notified by the Central Government and on the website of the Company, to close the Transfer Books, the Register of Member or Register of Debenture Holders at such time or times and for such period or periods not exceeding thirty days at a time and not exceeding in aggregate forty - five days or such period as may be prescribed under the applicable law, in each year as it may deem expedient.
18. The Article 55 is amended as given here under:
Subject to the provisions of the Act, these Articles, as amended, and any other applicable law, the Board may, at its absolute discretion refuse with cause whether in pursuance of any power of the Company under these Articles or otherwise to register or acknowledge the transfer of, or the transmission by operation of law of the right to, any shares, whether fully paid or not, or interest of a member therein, or debentures of the Company, and the right of refusal, shall not be affected by the circumstances that the proposed transferee is already a Member of the Company but in such cases the Company shall within thirty days or such period as may be prescribed under the applicable law, from the date on which the instrument of transfer, or the intimation of such transmission, as the case may be, was delivered to the Company, send notice of the refusal to the transferee and the transferor or to the person giving intimation of such transmission, as the case may be giving reasons for such refusal;
Provided that the registration of a transfer shall not be refused on the grounds of the transferor being either alone or jointly with any other person or persons indebted to the Company on any account whatsoever except where the Company has a lien on shares. Transfer in whatever lot shall not be refused.
19. The Article 58 is amended as given here under:
Nothing in these presents shall prejudice the powers of the Company to refuse to register the transfer of any shares subject to the provisions of the Act, these Articles, and Securities Contracts (Regulation) (Stock Exchanges and Clearing Corporations) Regulations, 2012, as amended.
20. The Article 64 is amended as given here under:
The Directors with the sanction of a resolution of the Company in General Meeting may convert any paid-up shares into stock and may convert all or any stock into paid-up shares of any denomination. When any shares have been converted into stock, the several holders of such stock may thenceforth transfer their respective interests therein or any part of such interest in the same manner and subject to the same regulations as and subject to which fully paid-up shares in the Company's capital may be transferred or as near thereto as circumstances will admit.
21. The Article 67 is amended as given here under and is renumbered as Article 67(1):
Where at any time the Board or the Members of the Company, as the case may be, proposes to increase the subscribed capital by the issue of further shares then such shares shall be offered, subject to the provisions of section 62 of the Act, and the rules made thereunder.
PART IV] THE GAZETTE OF INDIA, JUNE 17, 2017 (JYAISTHA 27, 1939) 134522. The Article 67(A)(i) is amended as given here under:
(A) (i) to the persons who at the date of the offer are holders of the equity shares of the Company in proportion as nearly as circumstances admit to the paid up share capital on those shares by sending a letter of offer subject to the conditions mentioned in (ii) to (iv) below:-
23. The Article 67A(ii) is amended as given here under and is renumbered as Article 67(1)A(ii):
The offer aforesaid shall be made by notice specifying the number of shares offered and limiting a time not being less than fifteen days and not exceeding thirty days from the date of the offer, within which the offer if not accepted, shall be deemed to have been declined;
24. The Article 67A(iv) is amended as given here under and is renumbered as Article 67(1)A(iv):
After the expiry of time specified in the notice aforesaid or on receipt of earlier intimation from the person to whom such notice is given that the person declines to accept the shares offered, the Board of Directors may dispose of them in such manner which is not disadvantageous to the shareholders and the Company;
25. The Article 67(B) is amended as given here under and is renumbered as Article 67(2):
Nothing in sub-clause (iii) of Clause (1) (A) shall be deemed:-
(i) To extend the time within which the offer should be accepted; or
(ii) To authorise any person to exercise the right of renunciation for a second time on the ground that the person in whose favour the renunciation was first made has declined to take the shares comprised in the renunciation.
26. The Article 71(a) is amended as given here under:
The Company may in the General Meeting by Ordinary Resolution alter the conditions of its Memorandum as follows:-
(a) Consolidate and divide all or any of its share capital into shares of larger amount than its existing shares; provided that no consolidation and division which results in changes in the voting percentage of shareholders shall take effect unless it is approved by the National Company Law Tribunal on an application made in the prescribed manner.
27. The Article 76 is amended as given here under:
Any bonds, debentures, debenture stocks or other debt securities may be issued at a discount, premium or otherwise or may be issued on condition that they shall be convertible into shares of any denomination and/or with any special privileges as to redemption, surrender, drawing, allotment of shares, attending at General Meetings of the Company, appointment of Directors and otherwise. Debenture with the right to conversion into or allotment of shares shall be issued only with the consent of the Company in the General Meeting by a special resolution.
28. The Article 80(b) is amended as given here under:
Every Annual General Meeting shall be called for a time during business hours i.e., between 9 a.m. to 6 p.m. on a day that is not a national holiday, and shall be held either at the Registered Office of the Company or at some other place within the city where the registered office is situated and the notices calling the meeting shall specify it as Annual General Meeting.
29. The Article 82(f) is amended as given here under:
If the Board does not, within twenty one days from the date of deposit of a valid requisition in regard to any matters, proceed duly to call a meeting for the consideration of those matters on a day not later than forty-five days from the deposit of the requisition, the meeting may be called and held by the requisitionists as represent either majority in value of the paid-up share capital held by all of them or not less than one-tenth of such of the paid-up share capital of the Company as is referred to in Clause (d) whichever is less, within a period of three months from the date of requisition. However, for the purpose of this Clause the Board shall, in the case of a meeting at which a resolution is to be proposed as a Special Resolution give, such notice thereof as is required by the Act;
30. The Article 83(b) is amended as given here under:
A General Meeting may be called after giving shorter notice than that specified in Clause (a) if consent is accorded thereto in writing or by electronic mode by not less than ninety-five per cent of the Members entitled to vote at such meeting;
Provided that where any Members of the Company are entitled to vote only on some resolution to be moved at a meeting and not on the others, those members shall be taken into account for the purposes of this sub clauses in respect of the former resolution or resolutions and not in respect of the latter.
1346 THE GAZETTE OF INDIA, JUNE 17, 2017 (JYAISTHA 27, 1939) [PART IV31. The Article 84(b) is amended as given here under:
Notice of every meeting of the Company shall be given
(i) to every Member of the Company, legal representative of any deceased Member or the assignee of an insolvent Member;
(ii) to every Director of the Company; and
(iii) to the Auditor or Auditors for the time being of the Company in any manner authorised by Section 20 of the Act in the case of any Member or Members of the Company;
32. The Article 85(a)(i) is amended as given here under:
In the case of an Annual General meeting all business to be transacted at the meeting shall be deemed special, with the exception of business relating to :
(i) the consideration of financial statements and reports of the Board of Directors and Auditors;
33. The Article 85(c) is amended as given here under:
Where any items of business to be transacted at the meeting are deemed to be special as aforesaid, there shall be annexed to the notice of meeting a statement setting out all material facts concerning each such item of business, including in particular the nature of the concern or interest, if any, therein, of every Director, and the Manager, if any, every other key managerial personnel and relatives of such Director, Manager and the key managerial personnel;
Provided that where any item of Special business as aforesaid to be transacted at a meeting of the Company relates to, or affects any other company, the extent of shareholding interest in that other company of every Director, manager, if any, and every other key managerial personnel of the Company shall also be set out in the statement if the extent of such shareholding interest is not less than two percent of the paid-up capital of that other Company.
34. The Article 87 is amended as given here:
(1) Whereby any provisions contained in the Act or in these presents, Special Notice is required of any resolution, notice of the intention to move the resolution shall be given to the Company by such number of Members as prescribed under the Act, not earlier than three months but at least fourteen days before the meeting at which it is to be moved, exclusive of the day on which the notice is served or deemed to be served and the day of the meeting.
(2) The Company shall, immediately after the notice of the intention to move any such resolution has been received by it, give its members notice of the resolution in the same manner as it gives notice of the meeting, or if that is not practicable, shall give them notice thereof, either by advertisement in a newspaper in the manner prescribed under the Act or in any other mode allowed by these presents and such notice shall also be posted on the website, not less than seven days before the meeting.
35. The Article 88 is amended as given here under :
Subject to the provisions of Section 103 of the Act, five Members personally present shall be the quorum for a General Meeting and no business shall be transacted at any general meeting, unless the requisite quorum as provided in the Act, be present at the commencement of the business.
36. The Article 91 is amended as given here under :
If within half an hour after the time appointed for the holding of a General Meeting a quorum be not present the meeting if commenced on the requisition of shareholders shall be dissolved and in any other case shall stand adjourned to the same day in the next week; at the same time and place or to such other day and at such time and place as the Directors may determine. If at such adjourned meeting also a quorum be not present within half an hour from the time appointed for holding the meeting the Members present shall be a quorum and may transact the business for which the meeting was called. However, in case of an adjourned meeting or of a change of day, time or place of meeting, the Company shall give not less than three days' notice to the Members either individually or by publishing an advertisement in the newspaper in the manner as prescribed under the Act.
37. The Article 93 is amended as given here under :
At any General Meeting a resolution put to the vote of the meeting shall be decided on a show of hands unless a poll is (before or on the declaration of the result on the show of hands) demanded in the manner hereinafter mentioned, or the voting is carried out electronically and unless a poll is so demanded, a declaration by the Chairman that a resolution has, on a show of hands, been carried or carried unanimously or by aPART IV] THE GAZETTE OF INDIA, JUNE 17, 2017 (JYAISTHA 27, 1939) 1347 particular majority, or lost and an entry to that effect in the book of the proceedings of the Company shall be conclusive evidence of the fact or against such resolution.
38. The Article 94(a) (ii) is amended as given here under:
on which an aggregate sum of not less than five lakh rupees has been paid-up.
39. The Article 97(a) is amended as given here under:
Where a poll is to be taken, the Chairman of the meeting shall appoint two scrutineers to scrutinise the votes given on the poll and to report thereon to him in the manner as prescribed under the Act;
40. The Article 103 is amended as given here under:
Any Member shall be entitled to be furnished within seven working days after he had made a request in that behalf to the Company with copy of any minutes referred to above at such charges as may be prescribed by the Act.
41. The Article 116 is amended as given here under:
Unless otherwise determined by a General Meeting of the members of the Company, the number of Directors shall not be less than three or more than twelve including Public Interest Directors, Shareholder Directors (including employee Directors) and the Managing Director and the number of Directors may be increased beyond fifteen after passing of special resolution.
42. The Article 116A amended as given here under:
Notwithstanding anything to the contrary contained in these Articles, directives issued by SEBI and/ or provided in the Rules from time to time with regard to composition of the Board, general requirements related to manner of appointment of directors, chief executive, code of conduct and other incidental and consequential matters relating to governance of the Company including certain provisions of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, to the extent applicable, shall be complied with.
43. The Article 120 is amended as given here under:
(i) Subject to Section 161 of the Act, the Board of Directors may appoint an Alternate Director to act for a Director (hereinafter in this Article called "the original Director") at his suggestion or otherwise, during his absence for a period of not less than three months from India in which meetings of the Board are ordinarily held.
(ii) An alternate Director appointed under clause (a) shall not hold office for a period longer than permissible to the original Director in whose place he has been appointed and shall vacate office if and when the original Director returns to India.
(iii) If the term of office of the original Director is determined before he so returns to India any provision for the automatic reappointment of the retiring Directors in default of another appointment shall apply to the original and not to the Alternate Director.
44. The Article 127(1) is amended as given here under:
Subject to the provision of Section 164 of the Act, the office of a Director shall become vacant if:
(a) he is of unsound mind and stands so declared by a Court of competent jurisdiction;
(b) he has applied to be adjudicated an insolvent and his application is pending; or
(c) he is an undischarged insolvent; or
(d) he is convicted by a court of any offence whether involving moral turpitude or otherwise and sentenced in respect thereof to imprisonment for not less than six months and a period of five years has not elapsed from the date of expiry of the sentence; or
(e) an order disqualifying him for appointment as a director has been passed by a court or Tribunal and the order is in force;
(f) he has not paid any calls in respect of shares of the Company held by him whether alone or jointly with others and six months has elapsed from the last date fixed for the payment of such calls; or
(g) he has been convicted of the offence dealing with related party transactions under Section 188 of the Act at any time during the last preceding five years; or
(h) he has not complied with sub-section (3) of section 152 of the Act.
1348 THE GAZETTE OF INDIA, JUNE 17, 2017 (JYAISTHA 27, 1939) [PART IV45. The Article 127(2) is amended as given here under:
Notwithstanding anything contained in clauses (d), (e) and (g) of sub-article (l), the disqualification referred to in those clauses shall not take effect-
(a) for thirty days from the date of conviction or order of disqualification;
(b) where any appeal or petition is preferred within thirty days as aforesaid against the conviction resulting in the sentence or order, until the expiry of seven days from the date on which such appeal or petitions disposed of; or
(c) where any further appeal or petition is preferred against order or sentence within seven days, until such further appeal or petition is disposes off.
46. The Article 128(c) (ii) is amended as given here under:
Any such general notice shall expire at the end of the financial year in which it is given, but may be renewed for further period of one financial year by giving a fresh notice at the first meeting of the Board held in every financial year.
47. The Article 137(1) is amended as given here under:
No person, not being a retiring Director, shall be eligible for election to the office of Director at any General Meeting, unless he or some other Member intending to propose him has at least fourteen days before the meeting, left at the office a notice in writing under his hand signifying his candidature for the office of Director or the intention of such Member to propose him, as a candidate for that office along with a deposit of one lakh rupees which shall be refunded to such person or as the case may be to such member, if the person succeeds in getting elected as a Director.
48. The Article 137(2) is amended as given here under:
The Company shall inform its Members of the candidature of a person for the office of Director or the intention of a Member to propose such person as a candidate for that office for serving individual notices on the Members not less than seven days before the Meeting. Provided that it shall not be necessary for the Company to serve individual notices upon the Members as aforesaid if the Company advertises such candidature or intention not less than seven days before the Meeting, in at least two newspapers circulating in the place where the Registered Office of the Company is located, of which one is published in the English language and the other in the vernacular language of that place.
49. The Article 140 is amended as given here under:
The Board of Directors may meet for conduct of business adjourn and otherwise regulate their meetings and proceedings as they think fit provided however that there shall be a minimum of four such meetings of the Board every year in such a manner that not more than 120 (one hundred and twenty) days shall intervene between two consecutive meetings of the Board.
50. The Article 142 is amended as given here under:
Notice of every meeting of the Board of the Company shall be given in writing to every Director at his address registered with the Company by giving not less than seven days' notice.
51. The Article 145 is amended as given here under:
The quorum for meeting of the Board of Directors of the Company shall be one-third of its total strength (any fraction contained in that one-third being rounded off as one) or two Directors whichever is higher and the participation of the directors by video conferencing or by other audio visual means shall also be counted for the purposes of quorum provided that when at any meeting the number of interested Directors exceeds or is equal to two-third of the total strength, the Directors who are not interested, present at the meeting being not less than two shall be the quorum during such time and provided further that the aforesaid proviso shall not be applicable when any contract or arrangement is entered in to by or on behalf of the company with a Director or with any firm of which a Director is Member or with any private company of which a Director or member for
(a) the underwriting or subscription of shares or debentures of the company; or
(b) the purchase or sale of shares or debentures of any other Company; or
(c) a loan by the Company.
For the purpose of this Article :-
(i) "total strength" means the total strength of the Directors of the Company as determined in pursuance of the Act after deducting there from the number of the Directors, if any, whose place may be vacant at the time.
PART IV] THE GAZETTE OF INDIA, JUNE 17, 2017 (JYAISTHA 27, 1939) 1349(ii) "Interested Director" shall mean a director within the meaning of Section 184(2) for the purposes of this Article.
52. The Article 146( a) is amended as given here under:
If a meeting of the Board could not be held for want of quorum, then unless the Directors present at each meeting otherwise decide, the meeting shall automatically stand adjourned till the same day in the next week at the same time and place or if that day is a national holiday till the next succeeding day which is not a national holiday at the same time and place.
53. The Article 150 is amended as given here under:
No resolution shall be deemed to have been duly passed by the Board or by a Committee thereof by circulation unless the resolution has been circulated in draft together with the necessary papers, if any, to all the Directors or to all the Members of the Committee then in India (not being less in number that the quorum fixed for a meeting of a Board or Committee as the case may be) and to all other Directors or Members at their usual address in India and has been approved by such of the directors as are then in India or by majority of such of them as are entitled to vote on the resolution. Where not less than one-third of the total number of directors of the Company for the time being require that any resolution under circulation must be decided at a meeting, the chairperson shall put the resolution to be decided at a meeting of the Board.
54. The Article 153 is amended as given here under:
The Directors shall comply with the provisions of Sections 92, 170, 184, 185,188 of the Act which pertain to annual return, register of directors and key managerial personnel and their shareholding, disclosure of interest by director, loan to directors, etc., and related party transactions, to the extent applicable.
55. The Article 155 is amended as given here under:
The Board shall exercise the powers in respect of the matters covered in the section 179(3) of the Act and the rules made thereunder, only by means of resolution passed at its Meetings;
Provided that the Board may, by a resolution passed at a meeting delegate to any Committee of Directors, the Managing Director, the Manager or any other principal officer of the Company or in the case of a branch office, the principal officer of the branch office, the powers specified in Section 179(3)(d) to (f) of the Act on such conditions as the Board may prescribe.
56. The Article 156 is amended as given here under:
The Board shall exercise the following powers only with the consent of the Company in the General Meetings by a special resolution:-
(a) to sell, lease or otherwise dispose of the whole or substantially the whole of the undertaking of the Company, or where the Company owns more than one undertaking, of the whole, or substantially the whole, of any such undertaking;
(b) to remit or give time for the re-payment of, any debt due from a Director;
(c) to invest, otherwise than in trust securities, the amount of compensation received by the Company as a result of any merger or amalgamation;
(d) to borrow moneys where the moneys to be borrowed together with the money already borrowed by the Company, (apart from temporary loans obtained from the Company's bankers in the ordinary course of business) will exceed the aggregate of the paid up capital of the Company and its free reserves;
(e) to contribute to charitable and other funds, in case any amounts the aggregate of which all, in any financial year, exceed five percent of its average net profits for three immediately preceding financial years.
57. The Article 159 is amended as given here under:
The Board shall provide a Common Seal for the purpose of the Company and shall have power from time to time to destroy the same and substitute a new seal in lieu thereof, and the Board shall provide for the safe custody of the Seal for the time being and the Seal shall never be used except by or under the authority of the Board or a Committee of Directors, except the presence of one Director or of the Secretary or any other person who may be authorised in this regard at the least, who shall sign every instrument to which the Seal is affixed provided that certificates of shares may be under the signatures of such persons as provided by the Companies (Share Capital and Debentures) Rules, 2014 as amended in force from time to time. Save as otherwise expressly provided by the Act, a document or proceeding, requiring authentication by the1350 THE GAZETTE OF INDIA, JUNE 17, 2017 (JYAISTHA 27, 1939) [PART IV Company may be signed by a Director, or the Secretary or any other officer authorised in that behalf by the Board and need not be under its Seal.
58. The Article 175 is amended as given here under:
The Board shall cause to be kept in accordance with Section 128 of the Act proper books of account (with respect to : (a) all sums of money received, expended by the Company and the matters in respect of which such receipt and expenditure take place (b) all sales and purchases of goods and services by the Company and (c) the assets credits and liabilities of the Company and generally of all its commercial financial and other affairs, transaction and engagement and of all other matters, necessary for showing the true financial state and condition of the Company, and the accounts shall be kept in English and in the manner provided in Section 128 of the Act and the books of accounts shall be kept at the Registered Office or such place or places in India subject to compliance of the provisions of the Act as the Board think fit where such a decision is taken, the Company shall, within seven days thereof, file with the Registrar a notice in writing giving the full address of that other place) and shall be open to inspection by any Directors during business hours.
59. The Article 177 is amended as given here under:
Financial Statements and Reports to be furnished at every Annual General Meeting
At every Annual General Meeting of the Company, the Board of the Company shall lay before such meeting the financial statements for the financial year and shall as required by Section 134 of the Act, be accompanied by a Report (to be attached thereto) of the Directors as to the state and condition of the Company.
60. The Article 178 is amended as given here under:
Form and contents of Financial Statements
178. Every financial statements of the Company shall give a true and fair view of the state of affairs of the Company and shall, subject to the provisions of Section 129 and 133 of the Act, be in the Forms set out in Parts I and II respectively of Schedule III of the Act, or as near thereto as circumstances admit.
61. The Article 179 is amended as given here under:
Authentication of Financial Statements and other documents: copies thereof to be sent to Members
179. (i) The Financial Statements of the Company shall be signed by chairperson of the company where he is authorised by the Board or by two directors out of which one shall be Managing Director and the Chief Executive Officer, if he is a director in the company, the Chief Financial Officer and the Company Secretary of the Company, wherever they are appointed. Financial Statements shall be approved by the Board before they are signed on behalf of the Board in accordance with the provisions of this Article and before they are submitted to the Auditor for their report thereon. The Auditor's report shall be attached to the Financial Statements or there shall be inserted at the foot of the Financial Statements a reference to the Report.
(ii) A copy of such Financial Statements together with a copy of the Auditor's Report shall at least twenty- one days before the meeting at which the same are to be laid before the Members of the Company, subject to the provisions of Section 101 of the Act, be sent to every Member of the Company, to every trustee for the holders of any debentures issued by the Company, whether such member or trustee is or is not entitled to notices of General Meeting of the Company to be sent to him and to all other persons other than such members or trustees, being persons so entitled and a copy of the same shall be made available at the Office for inspection by the Members of the Company during a period of at least twenty one days before that meeting.
62. The Article 180 is amended as given here under:
Copies of financial statements and Auditor's Report to be filed
After the financial statements have been laid before the Company at a General Meeting, copies thereof signed in accordance with provisions of Section 134 shall, as required by Section 137 of the Act, together with the requisite Returns in accordance with the requirements of Section 92 of the Act be filed with the Registrar of Companies within the time specified in Section 137 of the Act.
63. The Article 181 is amended as given here under:
Once at least in every year the accounts of the Company shall be balanced and audited and the correctness of the Financial Statements ascertained by one or more Auditor or Auditors.
PART IV] THE GAZETTE OF INDIA, JUNE 17, 2017 (JYAISTHA 27, 1939) 135164. The Article 184 is amended as given here under:
(1) Every Auditor of the Company shall have a right of access at all the times to the books and accounts and vouchers of the Company and shall be entitled to require from the Directors and officers of the Company, such information and explanations as may be necessary for the performance of the duties of the Auditors and the Auditors shall make report to the Shareholders on the accounts examined by them and on every financial statements which are required by and under the Act are laid before the Company in General Meeting and the report shall state whether in their opinion and to the best of their information and knowledge, the said Accounts, give a true and fair view the state of Company's affairs as at the end of its financial year and profit and loss and cash flow for the year and such other matters as may be prescribed.
(2) The Auditors Report shall also state the matters prescribed under the Section 143 of the Act.
65. The Article 185 is amended as given here under:
All notices of and other communications relating to any General Meeting of the Company which any Member of the Company is entitled to have sent to him shall also be forwarded to the Auditors of the Company and the Auditors shall be entitled to attend either by himself or through his authorised representative, who shall also be qualified to be an auditor, and to be heard at any General Meeting which they attend or any part of the business which concerns them as Auditors.
66. The Article 187 is amended as given here under:
(1) A document (which includes any summons, notice, requisition, order, declaration, form and register) may be served on any Member by sending it to him by post or by registered post or by speed post or by courier or by delivering at his office or address, or by electronic mode or any other modes as prescribed under the Act.
(2) Such service shall be deemed to have been effected in the case of a notice of a Meeting at the expiry of forty-eight hours after the letter containing the same is posted, and in any other case, at the time at which the letter would have been delivered in the ordinary course of post. The Member may request for delivery of any document through a particular mode, for which he shall pay such fees as may be determined in accordance with the Act.
67. The Article 189 is amended as given here under:
Notice of every General Meeting shall be given in the same manner hereinbefore authorised to (a) every member of the company (including bearers of share warrants), (b) legal representative of any deceased Member or the assignee of an insolvent Member and also to (c) the Auditor or Auditors of the company and also to (d) every director of the Company.
68. The Article 194 is amended as given here under:
(1) Subject to the provisions of the Act, the Board of Directors, Managing Director, Managers, Secretary and other officers or other employees for the time being of the company, Auditor and the Trustees, if any, for the time being acting in relation to any of the affairs of the company and every one of them and every one of their heirs, executors and administrators shall be indemnified and secured harmless out of the assets and profits of the company from and against all actions, costs, charges, losses, damages and expenses which they or any of them, their heirs, executors or administrators shall or may incur or sustain by or reason of any act done, concurred in or omitted in or about the execution of their duty, or supposed duty in their respective officers or trusts except such, if any, as they shall incur or sustain through or by their own willful neglect or default respectively.
(2) Save and except so far as the provisions of this Article shall be avoided by the Act, none of them shall be answerable for the acts, receipts, neglects or defaults of the other or other of them, or for joining in any receipt for the sake of conformity, or for insolvency of any bankers or other persons with whom any money's or effects belonging to the company shall or may be lodged or deposited for safe custody or for the insufficiency or deficiency of any security upon which any monies belonging to the company shall be placed out or invested or for any other loss, misfortune or damage which may happen in the execution of their respective offices or trusts or in relation thereto, except when the same shall happen by or though their own willful neglect or default respectively.
(3) Subject to the provisions of the Act, no Director or other officer of the company shall be liable for the acts, receipts, neglect or default of any other Director or officer of the company or for joining in any receipt or other act for conformity for any loss or expenses happening to the company through the insufficiency or deficiency to title to any property acquired by the order of the Director for or on behalf of the company or for the insufficiency or deficiency of any security in or upon which any of the moneys of the company shall be invested or for any loss or damage arising from the bankruptcy,1352 THE GAZETTE OF INDIA, JUNE 17, 2017 (JYAISTHA 27, 1939) [PART IV insolvency or tortuous act or any person with whom any moneys, securities or effects shall be deposited or for any loss occasioned by any error of judgment or oversight on his part, or for any other loss, or damage whatsoever, which shall happen in the execution of the duties of his office or in relation thereto unless the same happens through his own negligence or dishonesty.
(4) Subject to the provisions of the Act (including Section 197 read with Section 196 and Schedule V) and rules made thereunder, if the Company has obtained an insurance on behalf of its Managing Director, Whole-time Director, Manager, Chief Executive Officer, Chief Financial Officer or Company Secretary for indemnifying any of them against any liability in respect of any negligence, default, misfeasance, breach of duty or breach of trust for which they may be guilty in relation to the Company, the premium paid on such insurance shall not be treated as part of the remuneration payable to any such personnel; Provided that if such person is proved to be guilty, the premium paid on such insurance shall be treated as part of the remuneration.
III. Changes pursuant to substitution of articles.
1. The existing Article 17 is substituted with the following article:
Except as required by law, no person shall be recognised by the company as holding any share upon any trust, and the company shall not be bound by, or be compelled in any way to recognise (even when having notice thereof) any equitable, contingent, future or partial interest in any share, or any interest in any fractional part of a share, or (except only as by these regulations or by law otherwise provided) any other rights in respect of any share except an absolute right to the entirety thereof in the registered holder.
2. The existing Article 138(a) is substituted with the following Article:
The Company may, subject to the Article 116AA, the provisions of the Securities Contracts (Regulation) (Stock Exchanges and Clearing Corporations) Regulations, 2012 or any modification thereto and the provisions of Section 169(1) of the Act, by ordinary resolution of which special notice according to Section 169(2) of the Act has been given remove any Director before the expiry of his period of office and may by ordinary resolution of which special notice has been given, appoint another person instead of the removed Director. A Director so appointed shall hold office until the date up to which his predecessor would have held office if he had not been so removed. If the vacancy created by the removal of a Director under the provisions of this Article is not so filled by the meeting at which he is removed, the Board may at any time thereafter fill such vacancy under the provisions of these Articles.
3. The existing Article 169 is substituted with the following Article:
Right to Dividend pending registration of transfer of shares
169. Where any instrument of transfer of shares has been delivered to the Company for registration and the transfer of such shares has not been registered by the Company, it shall, notwithstanding anything contained in these Articles transfer the dividend in relation to such shares to the Unpaid Dividend Account unless the Company is authorised by the registered holder of such shares in writing to pay such dividend to the transferee specified in such instrument of transfer.
4. The existing Article 171 is substituted with the following article:
171. Any dividend, interest or other monies payable in cash in respect of Shares may be paid by electronic mode or by cheque or warrant sent through the post directed to the registered address of the holder or, in the case of joint holders, to the registered address of that one of the joint holders who is first named on the register of Members, or to such person and to such address as the holder or joint holders may in writing direct.
5. The existing Article 172 is substituted with the following Article:
No dividend shall bear interest against the Company
172 (1) Where the Company has declared a dividend but which has not been paid or the dividend warrant in respect thereof has not been posted within 30 (thirty) days from the date of declaration to any Shareholder entitled to the payment of the dividend, the Company shall within 7 (seven) days from the date of expiry of the said period of 30 (thirty) days, open a special account in that behalf in any scheduled bank called "Unpaid dividend Account of National Securities Clearing Corporation Limited" and transfer to the said account, the total amount of dividend which remains unpaid or in relation to which no dividend warrant has been posted.
(2) Subject to the provisions of Section 124(5) of the Companies Act, 2013, any money transferred to the Unpaid dividend Account of the Company which remains unpaid or unclaimed for a period of seven years from the date of such transfer, shall be transferred by the Company to the Investor Education and Protection Fund (the "Fund").
PART IV] THE GAZETTE OF INDIA, JUNE 17, 2017 (JYAISTHA 27, 1939) 1353(3) No unclaimed or unpaid dividend shall be forfeited by the Board before the claim becomes barred by law provided that a recognised stock exchange may provisionally admit to dealing the securities of a company which undertakes to amend articles of association at its next General Meeting so as to fulfill the foregoing requirements and agrees to act in the meantime strictly in accordance with the provisions of this clause. All unclaimed and unpaid dividends shall be dealt with as per Section 125 of the Companies Act, 2013 and the rules made thereunder.
(4) The Company shall not be responsible for the loss of any cheque, dividend warrant or postal order sent by post in respect of dividends, whether by request or otherwise, at the registered address or the address communicated to the office before hand by the Member or for any dividend lost to the Member or person entitled thereto by the forged endorsement of any cheque or warrant or the fraudulent recovery thereof by any other means.
6. The existing Article 174 is substituted with the following Article 174:
174 (A) The Company in general meeting may, upon the recommendation of the Board, resolve—
(i) that it is desirable to capitalise any part of the amount for the time being standing to the credit of any of the Company's reserve accounts, or to the credit of the profit and loss account, or otherwise available for distribution; and
(ii) that such sum be accordingly set free for distribution in the manner specified in clause (B) below amongst the Members who would have been entitled thereto, if distributed by way of dividend and in the same proportions.
(B) The sum aforesaid shall not be paid in cash but shall be applied, subject to the provision contained in clause (3) below, either in or towards:
(a) paying up any amounts for the time being unpaid on any Shares held by such Members respectively;
(b) paying up in full, unissued Shares or other securities of the Company to be allotted and distributed, credited as fully paid-up, to and amongst such Members in the proportions aforesaid;
(c) partly in the way specified in sub-clause (A) and partly in that specified in sub-clause (B);
(d) issuing fully paid-up bonus Shares; and
(C) A securities premium account and a capital redemption reserve account or any other permissible reserve account may, for the purposes of these Articles, be applied in the paying up of unissued Shares to be issued to Members as fully paid bonus Shares.
7. The existing Article 182 is substituted with the following Article:
Appointment, Qualifications and remuneration of Auditors
182. Appointment, re-appointment, rotation, removal, resignation, eligibility, qualification, disqualification, remuneration, powers and duties, etc. of the Statutory Auditors shall be in accordance with the provisions of the Act and rules made thereunder.
IV. Following Articles are added to the existing articles.
1. (a) The following clauses are inserted as Article 1(i) and Article 1(j):-
(i) "SCR Act" shall mean the Securities Contracts (Regulation) Act, 1956 and include any statutory modification or re-enactment thereof for the time being in force.
(j) "SEBI Act" shall mean the Securities and Exchange Board of India Act, 1992 and include any statutory modification or re-enactment thereof for the time being in force.
(b) As a consequence of the above, the existing Articles 1(i) and 1(j) are renumbered as Articles 1 (k) and 1(l) respectively
2. The following Article is inserted as Article 67(1)(B) after Article 67(1)(A) as follows:
(B) subject to the provisions of the Securities Contracts (Regulation) (Stock Exchanges and Clearing Corporations) Regulations, 2012 or any modification thereto, to employees under any scheme of1354 THE GAZETTE OF INDIA, JUNE 17, 2017 (JYAISTHA 27, 1939) [PART IV employees' stock option subject to special resolution passed by the Company and subject to the rules and such other conditions, as may be prescribed under applicable law; or
3. The following Article is inserted as Article 67(1)(C) after the above inserted Article 67(1)(B) as follows:
(C) to any person(s), if it is authorised by a special resolution, whether or not those persons include the persons referred to in clause (A) or clause (B) above either for cash or for a consideration other than cash, if the price of such shares is determined by the valuation report of a registered valuer subject to such conditions as may be prescribed under the Act and the rules made thereunder.
4. The following Article is inserted as Article 67(3) after the renumbered Article 67(2) as follows:
Nothing in this Article shall apply to the increase of the subscribed capital of the Company caused by the exercise of an option as a term attached to the Debentures issued or loan raised by the Company to convert such Debentures or loans into Shares in the Company or to subscribe for Shares of the Company:
Provided that the terms of issue of such Debentures or loan containing such an option have been approved before the issue of such Debentures or the raising of loan by a special resolution passed by the Company in a General Meeting.
5. The following Article is inserted as Article 67(4) after the above inserted Article 67(3) as follows:
Notwithstanding anything contained in Article 67(3) hereof, where any debentures have been issued, or loan has been obtained from any Government by the Company, and if that Government considers it necessary in the public interest so to do, it may, by order, direct that such debentures or loans or any part thereof shall be converted into Shares in the Company on such terms and conditions as appear to the Government to be reasonable in the circumstances of the case even if terms of the issue of such debentures or the raising of such loans do not include a term for providing for an option for such conversion:
Provided that where the terms and conditions of such conversion are not acceptable to the company, it may, within sixty days from the date of communication of such order, appeal to the National Company Law Tribunal which shall after hearing the Company and the Government pass such order as it deems fit.
6. The following Article is inserted as Article 116(AA) after Article 116A as follows:
Securities and Exchange Board of India (SEBI) may from time to time, generally after taking into consideration the names of the persons forwarded by the Board of Directors of the Company, nominate on the Board of Directors of the Company such persons as "Public Interest Directors" who shall be 'independent directors' as per the provisions of the Act from amongst the persons of integrity having necessary professional competence and experience in the areas related to securities markets. SEBI shall, however, have the right to nominate persons, whose names have not been forwarded by the Board of Directors of the Company.
7. After Article 171, the following Articles are be inserted:-
171(A) Every such cheque or warrant shall be made payable to the order of the person to whom it is sent. Payment in any way whatsoever shall be made at the risk of the person entitled to the money paid or to be paid. The Company will not be responsible for a payment which is lost or delayed. The Company will be deemed to having made a payment and received a good discharge for it if a payment using any of the foregoing permissible means is made.
171(B) Any one of two or more joint holders of a Share may give effective receipts for any dividends, bonuses or other monies payable in respect of such Share.
8. After Article 195, following Articles are inserted:
GENERAL POWER
196 A. Wherever in the Act, it has been provided that the Company shall have any right, privilege or authority or that the Company could carry out any transaction only if the Company is so authorised by its Articles, then and in that case this Article authorises and empowers the Company to have such rights, privileges or authorities and to carry such transactions as have been permitted by the Act, without there being any specific Article in that behalf herein provided.
196B Further, where the Act or rules empowers the Board to exercise any powers for and on behalf of the Company, the Board shall be entitled to exercise the same, irrespective of whether the same is contained in this Articles or not.
PART IV] THE GAZETTE OF INDIA, JUNE 17, 2017 (JYAISTHA 27, 1939) 1355196C The provisions of the Act shall have effect notwithstanding anything to the contrary contained in these Articles. Any provision contained in these Articles shall, to the extent to which it is repugnant to the provisions of the Act, become or be void, and the same shall be without affecting other provisions contained in these Articles.
196D The provisions of these Articles must be read in conjunction with the Securities Contracts (Regulation) (Stock Exchanges and Clearing Corporations) Regulations, 2012 as amended, and other rules, regulations, circulars, notifications, orders or directions issued by SEBI from time to time (each to the extent applicable).
V. Articles 160 (Seal abroad), 183 (Remuneration of Auditors), 186 (Accounts when audited and approved to be conclusive except as to errors discovered within 3 months) and 188 (Notice of Members having no registered address) are deleted.
For National Securities Clearing Corporation Limited
R. JAYAKUMAR
Company Secy.
मुद्रण निदेशालय द्वारा, भारत सरकार मुद्रणालय, एन.आई.टी. फरीदाबाद में अपलोड एवं प्रकाशन नियंत्रक, दिल्ली द्वारा ई-प्रकाशित, 2017
UPLOADED BY DIRECTORATE OF PRINTING AT GOVERNMENT OF INDIA PRESS, N.I.T. FARIDABAD AND E-PUBLISHED BY THE CONTROLLER OF PUBLICATIONS, DELHI, 2017
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DOPGIPF—[PART IV]