1—120 GI/2017
(1187)
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
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)]
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.
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)]
jftLVªh la- Mh,y¼,u½&04@0007@2003—05
REGISTERED No. DL(N)–04/0007/2003—05
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PUBLISHED BY AUTHORITY
la- 24]
ubZ fnYyh] 'kfuokj] twu 17—twu 23] 2017 ¼T;s"B 27] 1939½
No. 24]
NEW DELHI, SATURDAY, JUNE 17—JUNE 23, 2017 (JYAISTHA 27, 1939)
bl Hkkx esa fHkUu i`"B la[;k nh tkrh gS ftlls fd ;g vyx ladyu ds :i esa j[kk tk lds
(Separate paging is given to this Part in order that it may be filed as a separate compilation)
Hkkx IV
[PART IV]
[xSj-ljdkjh O;fDr;ksa vkSj xSj-ljdkjh laLFkkvksa ds foKkkiu vkSj lwpuk,a]
[Advertisements and Notices issued by Private Individuals and Private Bodies]
——————
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)]
————
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)]
————
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]
————
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)]
————
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)]
————
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)]
————
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)]
————
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)]
————
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)]
————
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)]
————
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)]
————
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]
————
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)]
————
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)]
————
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)]
————
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)]
————
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)
1205
It 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]
————
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1206
THE GAZETTE OF INDIA, JUNE 17, 2017 (JYAISTHA 27, 1939)
[PART IV
मट कमोडट ए सचज ि लयरंग कॉपरेशन ल मटेड
भारतीय ᮧितभूित एवं िविनमय बोडᭅ (सेबी) की मंजूरी के अधीन रहते ᱟए, म᭨टी कमोिडटी एसचᱶज लीयिरंग कॉरपोरेशन िलिमटेड की िनयम बनाने का
ᮧ᭭ताव हैA ᮧ᭭तािवत िनयमᲂ की जानकारी / सावᭅजािनक ट पणी / आलोचना के बारे मᱶ जानने के िलए ᮧकािशत कर रहे हैA िकसी भी ᳞िᲦ को इन
िनयमो पर कोई भी ट पणी / मंत᳞ ᳞Ღ करना हो तो वे उसे िलिखत और अधोह᭭ताᭃािरत ᱨप मᱶ म᭨टी कमोिडटी एसचᱶज लीयिरंग कॉरपोरेशन
िलिमटेड, एसचᱶज ᭭Ფायर, सीटीएस नंबर २५५, सुरेन रोड, अंधेरी (पूवᭅ), मु᭥बई-४०००९३ पर भेज सकते ह# या इस ᮧकाशन की ितिथ से पंᮤह िदनᲂ के
भीतर [email protected] पर ईमेल कर सकते ह# A किथत पंᮤहवᱶ िदन बाद ᮧा᳙ िट᭡पिणयᲂ / मंत᳞ᲂ पर िवचार नहᱭ िकया जाएगा और
मसौदा पंᮤह िदनᲂ की अविध समा᳙ होने के तुरंत बाद िवचार के िलए रख िदया जाएगा A
मट कमोडट ए सचज ि लयरंग कॉपरेशन ल मटेड के $नयम
ᮧितभूित संिवदा (िविनयम) अिधिनयम, 1956 की धारा 9, ᮧितभूित संिवदा (िविनयम) िनयम 1957 के तहत ᮧदᱫ शिᲦयᲂ के अनुᱨप और भारतीय
ᮧितभूित िविनमय बोडᭅ की पूवᭅ मंजूरी के साथ म᭨टी कमोिडटी एसचᱶज िलयिरंग कॉपᲃरेशन िलिमटेड िन᳜िलिखत उप-िनयम का ᮧावधान करता है:
1.
ᮧ᭭तावना
1.1
इन िनयमᲂ को "म᭨टी कमोिडटी एसचᱶज िलयिरंग कॉपᲃरेशन िलिमटेड के िनयमᲂ” के ᱨप मᱶ जाना जाएगा और यहां से आगे इ᭠हᱶ
"िनयमᲂ” या "िलयिरंग कॉपᲃरेशन के िनयमᲂ” के ᱨप मᱶ िलया जाएगा।
1.2
ये िनयम उस ितिथ से ᮧभावी हो जाएंगे िजस पर भारतीय ᮧितभूित एवं िविनमय बोडᭅ अिधिनयम, 1992 (यहां से आगे इसे "सेबी”
अिधिनयम के नाम से जाना जाएगा) के तहत ᭭थािपत भारतीय ᮧितभूित एवं िविनमय बोडᭅ (यहां से आगे इसे "सेबी” के नाम से जाना
जाएगा) या म᭨टी कमोिडटी एसचᱶज िलयिरंग कॉपᲃरेशन िल. (यहां से आगे इसे "िलयिरंग कॉपᲃरेशन” के नाम से जाना जाएगा) इस
आशय के साथ अिधसूिचत करते हᲂ।
1.3
अ᭠य
अ᭠य
अ᭠य
अ᭠य लागू होने वाले
लागू होने वाले
लागू होने वाले
लागू होने वाले कानून
कानून
कानून
कानून
ये िनयम उपरोᲦ िनयमᲂ के अितिरᲦ हᲂगे और ये िनयम ᮧितभूित संिवदा (िविनयम) अिधिनयम, 1956 (िजसे इसके बाद “एससीआरए”
कहा जाएगा), िजनमᱶ समय – समय पर होने वाले संशोधनᲂ को शािमल करने के बाद के अिधिनयम एवं उनके आधार पर बनाए गए
िनयमᲂ और िविनयमᲂ तथा सेबी अिधिनयम एवं उनके आधार पर बनाए गए िनयमᲂ और िविनयमᲂ और भारत सरकार तथा/ या सेबी
᳇ारा समय-समय पर जारी िनदेशᲂ, आदेशᲂ, िदशा िनदᱷशᲂ, मानदंडᲂ, सूचनाᲐ एवं पिरपᮢओ के अधीन हᲂगे।
2.
पिरभाषाएं एवं िववेचना
2.1
पिरभाषा
पिरभाषा
पिरभाषा
पिरभाषा
2.1.1
"आवेदक
आवेदक
आवेदक
आवेदक" का अथᭅ है और िजसमᱶ शािमल है कोई ᳞िᲦ या ᮧित᳧ान जो एक या एकािधक िलयिरंग खंडᲂ के एक िलयिरंग
सद᭭य के ᱨप मᱶ ᮧवेश पाने के िलए एक आवेदन सᲅपता है, जो िलयिरंग कॉपᲃरेशन के इन िनयमᲂ, उप-िनयमᲂ तथा
िविनयमᲂ के अधीन होगा।
2.1.2
"म᭟य᭭थता
म᭟य᭭थता
म᭟य᭭थता
म᭟य᭭थता" वैकि᭨पक िववाद समाधान (एडीआर) के ᱨप मᱶ, अदालतᲂ के बाहर िववादᲂ को सुलझाने का एक तकनीक है और
इन उप-िनयमᲂ तथा िविनयमᲂ मᱶ विणᭅत इसकी ᮧिᮓया को िलयिरंग सद᭭यᲂ तथा िलयिरंग सद᭭य व उनके
लाइंटᲂ/िनवाᭅचकᲂ के बीच उपजे िववादᲂ के समुिचत व ᭜विरत समाधान मᱶ अिनवायᭅ ᱨप से ᮧयुᲦ िकया जाता है।
2.1.3
"आिटᭅक᭨स
आिटᭅक᭨स
आिटᭅक᭨स
आिटᭅक᭨स" (अनु᭒छेद) का अथᭅ है म᭨टी कमोिडटी एसचᱶज िलयिरंग कॉपᲃरेशन िलिमटेड हेतु सं᭭था के अंतिनᭅयम और
इसमᱶ समय-समय पर िकए जाने वाला कोई ᱨपांतरण या बदलाव शािमल रहता है।
2.1.4
"बोडᭅ
बोडᭅ
बोडᭅ
बोडᭅ" " " " का अथᭅ है म᭨टी-कमोिडटी एसचᱶज िलयिरंग कॉपᲃरेशन िलिमटेड के िनदेशक मंडल।
2.1.5
"सकुᭅलर
सकुᭅलर
सकुᭅलर
सकुᭅलर या नोिटस
नोिटस
नोिटस
नोिटस" " " " का अथᭅ है सूचनापरक अिधसूचनाएं या िलयिरंग कॉपᲃरेशन ᳇ारा समय-समय पर अपने सद᭭यᲂ और
माकᱷट को जारी एक बा᭟यकारी संचार, िजसे फैस, ईमेल या िकसी ऐसे मा᭟यम से भेजा जाता हो िजसे िलयिरंग कॉपᲃरेशन
उिचत मान सकता है, िजसमᱶ वेबसाइट के जिरए ᮧकाशन और उसे उसी के अनुᱨप "सकुᭅलर” या "नोिटस” का नाम िदया
जाता हो।
2.1.6
"िलयिरंग
िलयिरंग
िलयिरंग
िलयिरंग (समाशोधन
समाशोधन
समाशोधन
समाशोधन)"
)"
)"
)" के अथᭅ मᱶ शािमल है िलयिरंग कॉपᲃरेशन की ᮧिᮓयाᲐ के जिरए एक अ᭠य िलयिरंग सद᭭य के
एवज मᱶ िकसी एक िलयिरंग सद᭭य के दावᲂ के िनपटारा हेतु अिधकारᲂ व दािय᭜वᲂ के िनधाᭅरण की ᮧिᮓया। िलयिरंग की
ᮧिᮓया बही िलखने जैसी ही होती है, जहां िलयिरंग कॉपᲃरेशन डील/ᮝांजैशन के ᮓेता तथा िवᮓेता के मैिचंग ᳇ारा संब
तथा ᮧासंिगक डेटाबेस को अपडेट करता है, इसिलए एक पᭃ के दािय᭜वᲂ और अ᭠य के अिधकारᲂ की पुि᳥ करता है।
2.1.7
"िलयिरंग
िलयिरंग
िलयिरंग
िलयिरंग समझौते
समझौते
समझौते
समझौते" " " " का अथᭅ है एक िलयिरंग सद᭭य और इसके संघटक के बीच उᲦ एसचᱶज के ᮝेिडंग लेटफॉमᭅ पर उᲦ
संघटक ᳇ारा ᮝेड की गई ᮧितभूितयᲂ से जुड़े सभी समाशोधन तथा िनपटारे कायᭅ को संप᳖ करने के िलए िकया एक बा᭟यकारी
समझौता।
PART IV]
THE GAZETTE OF INDIA, JUNE 17, 2017 (JYAISTHA 27, 1939)
1207
2.1.8
"िलयिरंग
िलयिरंग
िलयिरंग
िलयिरंग और
और
और
और सेटलमᱶट खाते
खाते
खाते
खाते" का अथᭅ है िलयिरंग सद᭭य ᳇ारा संचािलत एक िनधाᭅिरत या ᭭वीकृत िलयिरंग बᱹक मᱶ एक
बᱹक खाता और उसी के अनुᱨप िलयिरंग कॉपᲃरेशन को सूचना दी जाती है, िजसमᱶ से िकसी सद᭭य ᳇ारा िलयिरंग
कॉपᲃरेशन पर बकाए सभी फंड या संब एसचᱶज के ᮝेिडंग ᭢लोर पर सद᭭य या उसके लाइं᭗स या िनवाᭅचकᲂ के सौदᲂ के
संदभᭅ मᱶ िलयिरंग सद᭭य ᳇ारा िकसी सद᭭य पर देय सभी फंडᲂ को िनगᭅत या ᮧा᳙ िकया जाएगा।
2.1.9
"िलयिरंग
िलयिरंग
िलयिरंग
िलयिरंग बᱹस
बᱹस
बᱹस
बᱹस" " " " ऐसे बᱹक होते हᱹ िज᭠हᱶ िलयिरंग कॉपᲃरेशन एक फंड िनपटाने वाली एजᱶसी के तौर पर िनयुᲦ कर सकता
है, जो िलयिरंग कॉपᲃरेशन के जिरए िलयर िकए गए सभी सौदᲂ हेतु मािजᭅन धन का संᮕह करते हᱹ और िलयिरंग सद᭭यᲂ
तथा िलयिरंग कॉपᲃरेशन के बीच और िलयिरंग सद᭭यᲂ के बीच समय-समय पर िलयिरंग कॉपᲃरेशन ᳇ारा िनदᱷिशत फंडᲂ
का संचालन करता है।
2.1.10
"िलयिरंग
िलयिरंग
िलयिरंग
िलयिरंग कॉपᲃरेशन
कॉपᲃरेशन
कॉपᲃरेशन
कॉपᲃरेशन" " " " का अथᭅ म᭨टी-कमोिडटी एसचᱶज िलयिरंग कॉपᲃरेशन िल. तथा इसके उᱫरािधकारी (यिद कोई हो)
होता है।
2.1.11
“िलयिरंग
िलयिरंग
िलयिरंग
िलयिरंग/ / / / समाशोधन
समाशोधन
समाशोधन
समाशोधन सद᭭य
सद᭭य
सद᭭य
सद᭭य या सद᭭य
सद᭭य
सद᭭य
सद᭭य”“
”“
”“
”“ इसका आशय उस ᳞िᲦ से है िजसे िलयिरंग कॉपᲃरेशन की सद᭭यता ᮧा᳙ हो
इन उप िनयमᲂ, एमसीएससीसीएल के िनयमᲂ और िविनयमᲂ के अनुᱨप उसे िलयिरंग सेटलमᱶट के सभी अिधकार ᮧा᳙ हᲂ
और इसके अंतगᭅत वे ᳞िᲦ भी आते हᱹ जो म᭨टी कमोिडटी एसचᱶज ऑफ इंिडया िलिमटेड (एमसीएस) के सद᭭य हᱹ एवं
सेबी (एसईबीआई) के साथ पंजीकृत हᱹ या पंजीकरण के िलए आवेदन कर रखा है। लेिकन इसके अंतगᭅत म᭨टी कमोिडटी
एसचᱶज िलयिरंग कॉपᲃरेशन िलिमटेड के शेयर धारक नहᱭ आते हᱹ।
2.1.12
"समाशोधन
समाशोधन
समाशोधन
समाशोधन खंड
खंड
खंड
खंड" का अथᭅ होता है और उसमᱶ शािमल होता है िकसी माकᱷट सेमᱶट टाइप के भीतर ᮧितभूितयᲂ की िभ᳖
᮰ेिणयां, िजसे संबंिधत एसचᱶज अपने संब ᮝेिडंग सद᭭यᲂ को उनके ᮝेिडंग लेटफॉमᭅ पर डीिलंग करने के िलए उपल᭣ध
कराता है और इन उप-िनयमᲂ के संदभᭅ मᱶ अपने समाशोधन तथा िनपटारे की कायᭅᮧणािलयᲂ की अनुमित देने के िलए
िलयिरंग कॉपᲃरेशन ᳇ारा सहमित दी गई हो और उसी के अनुᱨप ᮰ेणीब िकया गया हो।
2.1.13
“ᮕाहक
ᮕाहक
ᮕाहक
ᮕाहक या संघटक
संघटक
संघटक
संघटक” ” ” ” – इसका अथᭅ यह होता है िक वह ᳞िᲦ िजसके अनुदेश पर िलयिरंग सद᭭य िकसी सौदे को अंितम ᱨप
देता है या जैसा
जैसा
जैसा
जैसा िक
िक
िक
िक िलयिरंग कॉपᲃरेशन ᳇ारा दी गई अनुमित के अनुसार िजसके सौदे को अंितम ᱨप िदया जाता है और इसे
िनवेशक भी कहा जा सकता है।
᭭प᳥ीकरण
᭭प᳥ीकरण
᭭प᳥ीकरण
᭭प᳥ीकरण 1: : : : ᮕाहक और संघटक श᭣द का ᮧयोग उप-िनयमो के अंतगᭅत एक ही अथᭅ मᱶ िकया जाता है और जैसा यहाँ बताया
गया है दोनᲂ का वही अथᭅ होगा जो यहाँ बताया गया है।
᭭प᳥ीकरण
᭭प᳥ीकरण
᭭प᳥ीकरण
᭭प᳥ीकरण 2: : : : संदभᭅ के अनुसार, िकसी ᮝेड के अंतगᭅत, “संघटक” की पिरभाषा मᱶ वह “ᮝेिडंग सद᭭य” भी शािमल होगा, जहां
᭭वािम᭜व ᮝेड सिहत ऐसे ᮝेड को , संबि᭠धत एसचᱶज पर, उसकी ओर से िलयिरंग सद᭭य ᳇ारा समाशोिधत और िनपटान
िकया जाता है।
2.1.14
"लोज
लोज
लोज
लोज-आउट
आउट
आउट
आउट या लोिजंग
लोिजंग
लोिजंग
लोिजंग आउट
आउट
आउट
आउट या ᭭Ფेयर
᭭Ფेयर
᭭Ფेयर
᭭Ფेयर ऑफ
ऑफ
ऑफ
ऑफ" का अथᭅ है एक समान तथा िवपरीत ि᭭थित के साथ एक िदशा मᱶ एक
बकाए खुली ि᭭थित का िनर᭭तीकरण।
2.1.15
"सिमित
सिमित
सिमित
सिमित" का अथᭅ होता है बोडᭅ या संब ᮧािधकार ᳇ारा िनयुᲦ एक समूह या ᳞िᲦयᲂ का एक िनकाय, जो बोडᭅ या संब
ᮧािधकार अथवा ᮧबंध िनदेशक ᳇ारा, जैसी ि᭭थित बने, तथा/या इन उप-िनयमᲂ के तहत अिनवायᭅ विणᭅत कायᲄ या
िज᭥मेदािरयᲂ को संप᳖ करता हो।
2.1.16
"संब
संब
संब
संब एसचᱶज
एसचᱶज
एसचᱶज
एसचᱶज" का अथᭅ है एससीआरए के तहत िविधवत ᱨप से मा᭠यताᮧा᳙ कमोिडटी तथा/या मुᮤा डेिरवेिट᭪स
एसचᱶजेस समेत कोई ᭭टॉक एसचᱶज, िजसने अपने ᮝेिडंग सद᭭यᲂ के बीच अपने ᮝेिडंग लेटफॉमᭅ पर संप᳖ सौदᲂ के
समाशोधन व िनपटाने के िलए िलयिरंग कॉपᲃरेशन के साथ एक ᳞व᭭था बनाई हो, तािक फं᭙स पे-इन, िसयोिरटीज
डेिलवरी तथा ऐसे सौदᲂ से जुड़े पे-आउट उᱫरदािय᭜वᲂ के िनवाᭅह को पूरा िकया जा सके।
2.1.17
“संिवदा
संिवदा
संिवदा
संिवदा या अनुबंध
अनुबंध
अनुबंध
अनुबंध” ” ” ” यह वह ᮧिᮓया है िकसके मा᭟यम से ᮧितभूितयᲂ का ᮓय और िवᮓय संबि᭠धत होता है।
2.1.18
“अिभरᭃक
अिभरᭃक
अिभरᭃक
अिभरᭃक या क᭭टोिडयन
क᭭टोिडयन
क᭭टोिडयन
क᭭टोिडयन” ” ” ” इसका वही अथᭅ होता है जैसा िक भारतीय ᮧितभूित और िविनमय बोडᭅ (क᭭टोिडयन ᮧितभूित)
िविनयम 1996 मᱶ ᳞ायाियत िकया गया है।
2.1.19
"सौदे
सौदे
सौदे
सौदे या ᮝेड
ᮝेड
ᮝेड
ᮝेड" का अथᭅ है एक इलेᮝॉिनक ᮝांजैशन जो समᱨपी कीमतᲂ तथा िकसी ᭭वीकृत ᮧितभूित या संिवदा के संदभᭅ मᱶ
िविश᳥ व एसचᱶज के ᮝेिडंग सद᭭यᲂ ᳇ारा ᭭वीकायᭅ माᮢाᲐ पर ᮧ᭭तुत ᮓय आदेश तथा िवᮓय आदेशᲂ के अनुᱨप उपजते हᲂ
और िकसी एसचᱶज के ᮝेिडंग लेटफॉमᭅ पर मैिचंग से िलयिरंग कॉपᲃरेशन के उप-िनयमᲂ, िनयमᲂ तथा िविनयमᲂ के तहत
संब एसचᱶज के उप-िनयमᲂ, िनयमᲂ तथा िविनयमᲂ के संदभᭅ मᱶ ᮓेता तथा िवᮓेता के ᮧित उᱫरदािय᭜व पैदा करता हो।
2.1.20
“चूककताᭅ
चूककताᭅ
चूककताᭅ
चूककताᭅ की
की
की
की घोषणा
घोषणा
घोषणा
घोषणा” यथे᳥ अिधकारी ᳇ारा िकसी िलयिरंग सद᭭य की चूककताᭅ के ᱨप मᱶ घोषणा।
1208
THE GAZETTE OF INDIA, JUNE 17, 2017 (JYAISTHA 27, 1939)
[PART IV
2.1.21
"िडफॉ᭨ट
िडफॉ᭨ट
िडफॉ᭨ट
िडफॉ᭨ट" " " " का अथᭅ है िकसी िलयिरंग सद᭭य ᳇ारा िकसी कायᭅ को पूरा करने या िकसी उᱫरदािय᭜व को संप᳖ करने मᱶ िवफल
रहना और उसका वही अथᭅ होगा जो उप-िनयमᲂ मᱶ विणᭅत "िडफॉ᭨ट की घटना” का अथᭅ होगा।
2.1.22
"िडफॉ᭨टर
िडफॉ᭨टर
िडफॉ᭨टर
िडफॉ᭨टर" का अथᭅ एक ऐसा िलयिरंग सद᭭य है िजसे िलयिरंग कॉपᲃरेशन के उप-िनयमᲂ तथा िनयमᲂ के अनुᱨप
िडफॉ᭨टर घोिषत कर िदया गया हो ।
2.1.23
“सुपुदᭅगी
सुपुदᭅगी
सुपुदᭅगी
सुपुदᭅगी” ” ” ” से आशय वेयर हाउस रसीदᲂ या समान से संबि᭠धत ᭭व᭜व ᮧमाण पᮢ को, अनुबंध समाधान (डेलीवेरी सेटलमᱶट) मᱶ
सुपुदᭅगी आदेश के मा᭟यम से देना और उ᭠हे ᮧा᳙ करना होता है ।
2.1.24
“िडपॉ
िडपॉ
िडपॉ
िडपॉजीटरी
जीटरी
जीटरी
जीटरी” ” ” ” उस कंपनी को कहते हᱹ िजसका गठन और पंजीकरण, कंपनी अिधिनयम 1956 (1956 का 1) के तहत िकया
जाता है और िजसे 1992 (1992 का 15) के तहत भारतीय ᮧितभूित और िविनमय बोडᭅ के अिधिनयम 12, उप-िनयम (1ए)
का पंजीकरण ᮧमाण पᮢ ᮧदान िकया गया हो।
2.1.25
“चूककताᭅ
चूककताᭅ
चूककताᭅ
चूककताᭅ होने
होने
होने
होने की
की
की
की घटना
घटना
घटना
घटना” ” ” ” यह उस घटना ᮓम को कहते हᱹ जब कोई सᭃम ᮧािधकारी िकसी िलयिरंग सद᭭य को “चूककताᭅ”
घोिषत करता है।
2.1.26
"एसचᱶज
एसचᱶज
एसचᱶज
एसचᱶज" का अथᭅ है संब एसचᱶज या कोई अ᭠य एसचᱶज, िजसे एससीआरए के तहत एससीआरए के संदभᭅ मᱶ िविधवत
ᱨप से मा᭠यता ᮧा᳙ हो, िजसने ऐसे एसचᱶज पर संप᳖ ᮝे᭙स के समाशोधन तथा िनपटारे के िलए िलयिरंग कॉपᲃरेशन के
साथ करार िकया हो जो िलयिरंग कॉपᲃरेशन ᳇ारा तथा एससीआरए के आव᭫यकतानुसार समय-समय पर विणᭅत िनयमᲂ
और शतᲄ के अधीन हो।
2.1.27
"एसचᱶज
एसचᱶज
एसचᱶज
एसचᱶज सद᭭य
सद᭭य
सद᭭य
सद᭭य या ᮝेिडंग
ᮝेिडंग
ᮝेिडंग
ᮝेिडंग सद᭭य
सद᭭य
सद᭭य
सद᭭य" का अथᭅ ᮧितभूितयᲂ या ऐसी संिवदाएं िज᭠हᱶ एसचᱶज मᱶ कारोबार करने की अनुमित
िमली हो, की ᮝेिडंग के िलए संब एसचᱶज की सद᭭यता की अनुमितᮧा᳙ एक ᮧित᳧ान है और ᭭प᳥ ᱨप से विणᭅत न िकए
जाने तक इसके अथᭅ मᱶ उᲦ ᭭टॉक एसचᱶज कंपनी का िकसी शेयरधारक शािमल नहᱭ होगा। इस संदभᭅ मᱶ एसचᱶज की
सद᭭यता का अथᭅ ᭭टॉक एसचᱶज कंपनी मᱶ शेयरधारण नहᱭ होगा।
2.1.28
"एसचᱶज
एसचᱶज
एसचᱶज
एसचᱶज िनयम
िनयम
िनयम
िनयम या एसचᱶज
एसचᱶज
एसचᱶज
एसचᱶज केकेकेके िनयम
िनयम
िनयम
िनयम" का अथᭅ है िकसी भी नाम से ᮧभावी संब एसचᱶज के िनयम और िजसे समय-
समय पर संशोिधत िकया जा सकता है और इसमᱶ ऐसे एसचᱶज के उप-िनयम तथा िविनयमᲂ/᳞वसाय िनयम शािमल होते
हᱹ।
2.1.29
“एससाᭅइज़
एससाᭅइज़
एससाᭅइज़
एससाᭅइज़” ” ” ” िकसी ऑ᭡शन कांᮝेट मᱶ एसचᱶज या िलयिरंग कॉपᲃरेशन ᳇ारा िनधाᭅिरत िनयम, उप-िनयम और िविनयम के
अनुसार तथा इनके अधीन, अिधकार धारक ᳇ारा अपने अिधकार के ᮧयोग को “एससाᭅइज़
एससाᭅइज़
एससाᭅइज़
एससाᭅइज़” ” ” ” कहा जाता है।
2.1.30
"मािजᭅन
मािजᭅन
मािजᭅन
मािजᭅन" का अथᭅ होता है िकसी ᮧितभूित मᱶ एक पोिजशन ᭭थािपत करने या उसे बनाए रखने के िलए एक जमारािश या
समपा᳡ᭅ का भुगतान करना और इसमᱶ अ᭠य इिनिशयल मािजᭅन के बीच शािमल होते हᱹ ऐिडशनल मािजᭅन, वेिरएशन मािजᭅन,
टᱶडर पीिरयड मािजᭅन, ᭭पेशल मािजᭅन, डेिलवरी मािजᭅन, एसᮝीम लॉस मािजᭅन या िकसी अ᭠य ᮧकार का मािजᭅन जो
एसचᱶज तथा/या िलयिरंग कॉपᲃरेशन ᳇ारा समय-समय पर ᮧयो᭔य हो।
2.1.31
"सद᭭यता
सद᭭यता
सद᭭यता
सद᭭यता" का अथᭅ है िलयिरंग कॉपᲃरेशन के िनयमᲂ तथा उप-िनयमᲂ की शतᲄ के अनुᱨप एक सद᭭य के गुण के साथ
िलयिरंग कॉपᲃरेशन के सद᭭यᲂ के समूह का एक िह᭭सा बनना या उससे जुड़ाव रखना।
2.1.32
"सकल
सकल
सकल
सकल पूंजी
पूंजी
पूंजी
पूंजी" का अथᭅ है िकसी सद᭭य के नेट मू᭨य से पिरसंपिᱫयᲂ के िलए नकद मᱶ पूणᭅ मू᭨य पर आसानी से ᱨपांतिरत न होने
वाली कटौितयᲂ का घटाव है।
2.1.33
"सकल
सकल
सकल
सकल मू᭨य
मू᭨य
मू᭨य
मू᭨य" का अथᭅ िकसी सद᭭य की कुल पिरसंपिᱫयᲂ से इसकी कुल बा᳭ पिरसंपिᱫयᲂ की कटौती या िकसी सद᭭य ᳇ारा
धािरत पिरसंपिᱫयᲂ मᱶ से उसपर लगे कजᭅ की कटौती है।
2.1.34
"संब
संब
संब
संब ᮧािधकार
ᮧािधकार
ᮧािधकार
ᮧािधकार" के अथᭅ और उसमᱶ शािमल होते हᱹ िलयिरंग कॉपᲃरेशन का ᮧबंध िनदेशक तथा/या सीईओ और साथ ही
िलयिरंग कॉपᲃरेशन के विर᳧ ᮧबंधन अिधकारी/कायᭅपालक िज᭠हᱶ समुिचत अिधकार सᲅपे गए होते हᱹ और िज᭠हᱶ िलयिरंग
कॉपᲃरेशन के कामकाज के िविभ᳖ ᭃेᮢᲂ के मामलᲂ को संचािलत करने का अिधकार सᲅपा गया होता है।
2.1.35
"िविनयमन
िविनयमन
िविनयमन
िविनयमन" के अथᭅ और उसमᱶ शािमल होते हᱹ समाशोधन तथा िनपटारा ᮧिᮓयाᲐ तथा िलयिरंग कॉपᲃरेशन के ᮧबंधन
तथा ᳞वहार को संचािलत करने तथा उ᭠हᱶ िनयंिᮢत करने वाले सभी पिरचालना᭜मक िसांत, तथा पारामीटर, िज᭠हᱶ
िलयिरंग कॉपᲃरेशन के ᮧबंधन, सभी ᮧितभािगयᲂ व िलयिरंग सद᭭यᲂ ᳇ारा अनुपािलत िकया जाना होता है।
2.1.36
“िनयम
िनयम
िनयम
िनयम” ” ” ” इसके अंतगᭅत एससीआरए के तहत सेबी ᳇ारा अनुमोिदत, म᭨टी कमोिडटी एसचᱶज िलयिरंग कॉपᲃरेशन िलिमटेड
के िनयम तथा उनके आधार पर बने िनयम और िविनयम या/ और सेबी अिधिनयम के अंतगᭅत बने िनयम और िविनयम आते
हᱹ और इ᭠हे िनयम कहा जाता है।
PART IV]
THE GAZETTE OF INDIA, JUNE 17, 2017 (JYAISTHA 27, 1939)
1209
2.1.37
"एससीआरए
एससीआरए
एससीआरए
एससीआरए" " " " ᮧितभूित संिवदा (िविनयम) अिधिनयम 1956 का संिᭃ᳙ ᱨप है।
2.1.38
"एससीआरए
एससीआरए
एससीआरए
एससीआरए" " " " ᮧितभूित संिवदा (िविनयम) अिधिनयम 1956 का संिᭃ᳙ ᱨप है।
2.1.39
"सेबी
सेबी
सेबी
सेबी" " " " भारतीय ᮧितभूित एवं िविनयम बोडᭅ का संिᭃ᳙ ᱨप है।
2.1.40
"एसईसीसी
एसईसीसी
एसईसीसी
एसईसीसी" ᮧितभूित संिवदा (िविनयम) (᭭टॉक एसचᱶज तथा िलयिरंग कॉपᲃरेशन) िविनयम 2012 का संिᭃ᳙ ᱨप है।
2.1.41
“ᮧितभूत
ᮧितभूत
ᮧितभूत
ᮧितभूत या और
और
और
और ᮧितभूितयᲂ
ᮧितभूितयᲂ
ᮧितभूितयᲂ
ᮧितभूितयᲂ” ” ” ” मᱶमᱶमᱶमᱶ िन᳜
िन᳜
िन᳜
िन᳜ शािमल
शािमल
शािमल
शािमल हᱹहᱹहᱹहᱹ -
I.
शेयर, ि᭭ᮓ᭡स, बो᭛᭙स, िडबᱶचर, िडबᱶचर ᭭टॉक या अ᭠य िबᮓी योय एक ही ᮧकार की ᮧितभूितयाँ जो िकसी
िनगिमत कंपनी या िकसी अ᭠य कारपोरेट बॉडी मᱶ हᲂ;
II.
िडरेवेिट᭪ज;
III.
िनवेशकᲂ को सामूिहक िनवेश योजना जैसी योजनाᲐ के तहत जारी इकाइयां या इस ᮧकार के िलखत।
2.1.42
"िनपटारा
िनपटारा
िनपटारा
िनपटारा गारंटी
गारंटी
गारंटी
गारंटी फंड
फंड
फंड
फंड" का अथᭅ वह फंड होता है िजसकी ᭭थापना और संचालन इन उप-िनयमᲂ के अनुᱨप िलयिरंग
कॉपᲃरेशन ᳇ारा िकया जाता है;
2.1.43
इन उप-िनयमᲂ के ᮧयोजन हेतु "लेनदेन
लेनदेन
लेनदेन
लेनदेन या सौदा
सौदा
सौदा
सौदा या ᮝेिडंग
ᮝेिडंग
ᮝेिडंग
ᮝेिडंग तथा ᮝेड
ᮝेड
ᮝेड
ᮝेड" और ऐसे ही समअथᱮ श᭣दᲂ का अथᭅ होगा इन उप-
िनयमᲂ मᱶ विणᭅत सौदे और साथ ही िजसका अथᭅ वे ᮧितभूित लेनदेन भी हᲂगे िज᭠हᱶ िलयिरंग कॉपᲃरेशन के जिरए
समाशोिधत िकए जाते हᲂ व िनपटाए जाते हᲂ।
2.1.44
"वेयरहाउस
वेयरहाउस
वेयरहाउस
वेयरहाउस" " " " के अथᭅ और उसमᱶ शािमल होते हᱹ कोई ऐसा भंडारण ᭭थान, गोदाम, टᱹक, साइलो, भंडारघर, वॉ᭨ट इ᭜यािद जहां
कमोिडटीज को ᮧा᳙ कर उ᭠हᱶ भंडािरत िकए जा सके।
2.2
िववेचना
िववेचना
िववेचना
िववेचना
2.2.1
जबतक िक िवपरीत उे᭫य न ᮧदान िकया जाए:
(a) िकसी भी िलंग के संदभᭅ मᱶ अ᭠य शािमल होगा।
(b) इन िनयमᲂ के एकवचन मᱶ शािमल हᱹ बᱟवचन और बᱟवचन वाले श᭣दᲂ मᱶ शािमल हᱹ एकवचन वाले श᭣द।
(c) ‘समय’ के िलए एक संदभᭅ का अथᭅ है भारत का कोई समय, जबतक िक अ᭠यथा न उ᭨लेख िकया जाए।
(d) जहां इन िनयमᲂ के तहत, एससीआरए या एससीआरआर के ᮧावधानᲂ या सेबी अिधिनयम या कानून या िवधान के
िकसी अ᭠य ᮧावधानᲂ मᱶ कोई संदभᭅ िदया जाए, तो वह समय-समय पर संशोिधत उᲦ ᮧावधान का संदभᭅ होगा।
(e) जहां इन िनयमᲂ मᱶ िकसी वैधािनक ᮧावधान को लेकर कोई संदभᭅ हो, वह भारत के कानूनᲂ का हवाला देगा।
(f) िकसी िवधान या कानून या उसके िकसी ᮧावधान के िकसी संदभᭅ मᱶ शािमल होगा ऐसे िकसी कानून का कोई हवाला
िजसे उस ितिथ के बाद समय-समय पर संशोिधत, संपूिरत या पुनःअिधिनयिमत िकया जा सकता है तथा िकसी
अिधिनयम के संदभᭅ मᱶ शािमल होगा समय-समय पर उसके तहत बना अधीन᭭थ कानून।
2.2.2
शीषᭅक केवल सुिवधा के िलए िदए गए हᱹ और वे इन िनयमᲂ की िववेचना को ᮧभािवत नहᱭ करते।
2.2.3
इन िनयमᲂ के अधीन, िकसी िलयिरंग सद᭭य, उसके िकसी संब लाइं᭗स (को संब एसचᱶज का सद᭭य हो), िलयिरंग
बᱹक, वेयरहाउिसंग ᮧित᳧ान, वेयरहाउस सेवा ᮧदाता, िनᭃेपागार, वॉ᭨᭗स या संब सेवाᲐ तथा संब एसचᱶजᲂ से जुड़े
िकसी तीसरे पᭃ तथा िलयिरंग कॉपᲃरेशन के िवᱧ इन िनयमᲂ की िववेचना के संदभᭅ मᱶ िलयिरंग कॉपᲃरेशन का फैसला
अंितम होगा।
2.2.4
इन िनयमᲂ मᱶ, िकसी िलयिरंग सद᭭य की जानकारी के संदभᭅ मᱶ शािमल होगा उस िलयिरंग सद᭭य का ᮧित᳧ान या एजᱶसी
का कोई िनदेशक, िनयंᮢक, शेयरधारक, अिधकारी, कमᭅचारी या ᮧितिनिध, जो उपजी ᱟई ि᭭थित पर िनभᭅर करेगा।
2.2.5
ऊपर पिरभािषत श᭣दᲂ तथा पदᲂ का अथᭅ इन िनयमᲂ मᱶ ᮧयुᲦ लोअर केस वाला ही होगा, जबतक िक अ᭠यथा सूिचत न
िकया जाए।
2.2.6
इन िनयमᲂ मᱶ ᮧयुᲦ श᭣दᲂ तथा अिभ᳞िᲦ, िज᭠हᱶ यहां पिरभािषत न िकया गया हो, वही अथᭅ हᲂगे जो उ᭠हᱶ संब
अिधिनयमᲂ तथा उनके तहत बने िनयमᲂ या िविनयमᲂ के तहत उ᭠हᱶ िदए गए हᱹ।
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2.2.7
इन िनयमᲂ को संब अिधिनयमᲂ तथा उप-िनयमᲂ व िविनयमᲂ की आव᭫यकताᲐ के साथ अनुपालता के िलए, िलयिरंग
कॉपᲃरेशन के उे᭫यᲂ तथा ᳞वसायᲂ को ᮧभावी करने के िलए तथा यह सुिनि᳟त करने के िलए िक िलयिरंग कॉपᲃरेशन के
कारोबार के संबंध मᱶ सभी पितयᲂ और साथ ही संब एसचᱶजᲂ पर संप᳖ सौदᲂ के समाशोधन तथा िनपटारे की ᮧिᮓया के
कामकाजᲂ को एक िन᭬पᭃ, ᭠यायपूणᭅ, उिचत तरीके से संचािलत िकया जाए, तािक बाजारᲂ की अखंडता को बरकरार रखा
जा सके, संब एसचᱶजᲂ, िलयिरंग कॉपᲃरेशन और उस संब एसचᱶज मᱶ, िजसकी ओर से िलयिरंग तथा िनपटारा के
कामकाजᲂ को पूरा िकया जा रहा हो, िलयिरंग सद᭭यᲂ पर िनवेशकᲂ के ᮝेिडंग की रᭃा की जा सके।
3.
िनयमᲂ का अनुᮧयोग
3.1
ये िनयम सौदᲂ / संिवदा के समाशोधन तथा िनपटारे और संब एसचᱶज (एकािधक) पर ᮝेड की गई ᮧितभूितयᲂ की आपूितᭅ का संचालन
करᱶगे, जो िलयिरंग कॉपᲃरेशन को ऐसे एसचेजᲂ के ᮝेिडंग लेटफॉमᭅ पर संप᳖ सौदᲂ / संिवदाᲐ के समाशोधन तथा िनपटारा हेतु उसके
िलयिरंग व सेटलमᱶट ढांचे और सुिवधाएं ᮧदान करने का िनदᱷश देते हᱹ।
3.2
ये िनयम, िकसी अ᭠य संदभᭅ मᱶ आव᭫यक न होने तक या जबतक िक संब एसचᱶजᲂ ᳇ारा या समय-समय पर िलयिरंग कॉपᲃरेशन से
अ᭠य ᱨप मᱶ िविनदᱷिशत न िकया जाए, संब एसचᱶजᲂ के सभी ᮧकार के बाजार खंडᲂ पर लागू हᲂगे।
3.3
ये िनयम िन᳜िलिखत पर लागू हᲂगे:
a.
िलयिरंग कॉपᲃरेशन के सभी िलयिरंग सद᭭यᲂ पर तथा जहां लागू हᲂ उनके अिधकृत ᮧयोᲦाᲐ पर;
b.
िलयिरंग कॉपᲃरेशन के सभी िलयिरंग सद᭭यᲂ पर पार᭭पिरक ᱨप से;
c.
संब एसचᱶज के सद᭭यᲂ पर जो ᭭वयं को िलयिरंग कॉपᲃरेशन के िलयिरंग सद᭭यᲂ से संब करवाता है, जहां ऐसे एसचᱶज ने
अपने ᮝेिडंग लेटफॉमᭅ पर ऐसे सद᭭यᲂ ᳇ारा संप᳖ सौदᲂ को समाशोिधत करने तथा िनपटारा करने के िलए िलयिरंग कॉपᲃरेशन के
साथ एक बा᭟यकारी समझौता संप᳖ िकया हो;
d.
ऐसे संब एसचᱶजᲂ पर, िजसने अपने ᮝेिडंग ᭡लैटफॉमᭅ पर संप᳖ सौदᲂ / संिवदाᲐ के संबंध मᱶ सभी तथा संब कामकाजᲂ समेत
समाशोधन तथा िनपटारा कायᲄ को सुगम बनाने के िलए िलयिरंग कॉपᲃरेशन के साथ एक बा᭟यकारी ᳞व᭭था तय की हो या
समझौता संप᳖ िकया हो;
e.
ऐसे अ᭠य ᳞िᲦयᲂ या ᮧित᳧ानᲂ पर, िजनमᱶ शािमल हᲂगे एक या एकािधक वेयरहाउस सेवा ᮧदाता, वेयरहाउस ᮧित᳧ान,
िनᭃेपागार तथा/या सुरिᭃत वॉ᭨᭗स, िलयिरंग बᱹस, अिभरᭃक तथा ऐसी अ᭠य एजᱶिसयां जो िलयिरंग कॉपᲃरेशन की समुिचत
सेवाएं ᮧदान करते हᲂ तथा संब एसचᱶजᲂ के ᮝेिडंग लेटफॉमᭅ पर संप᳖ सौदᲂ के िनपटारे का िनवᭅहन करते हᲂ; तथा
f.
कोई अ᭠य ᮧित᳧ान या एजᱶसी िजसे संब ᮧािधकार िविनिद᳥ करता हो या समय-समय पर िजसके बारे मᱶ अिधसूिचत करता हो,
3.4
ये िनयम ᮧितभूित कानूनᲂ के ᮧावधानᲂ के अधीन हᲂगे।
3.5
जब तक िवशेष ᱨप से छूट न ᮧदान की जाए, ये िनयम सभी या िकसी समाशोधन खंड पर लागू हᲂगे जो िलयिरंग कॉपᲃरेशन पर
पिरचािलत हो या उसके ᳇ारा संचािलत हो और जैसा िक समय-समय पर िलयिरंग कॉपᲃरेशन ᳇ारा िविनिदᭅ᳥ हो।
3.6
जब तक िक इन िनयमᲂ मᱶ ᮧदᱫ न हो, िकसी तीसरे पᭃ के पास इन िनयमᲂ के ᮧावधानᲂ या उनके तहत िनिमᭅत िविनयमᲂ के ᮧवतᭅन का
अिधकार नहᱭ है।
4.
िलयिरंग कॉपᲃरेशन का बोडᭅ तथा ᮧबंधन
4.1
ᮧितभूित कानूनᲂ के ᮧावधानᲂ के अनुᱨप तथा म᭨टी कमोिडटी एसचᱶज िलयिरंग कॉपᲃरेशन िलिमटेड के संघ के अंतिनᭅयम तथा संघ के
बिहिनᭅयम मᱶ मौजूद ᮧावधानᲂ के अनुᱨप, िनदेशक मंडल के पास िन᳜ अिधकार होगा:
4.1.1
िलयिरंग कॉपᲃरेशन तथा सभी िलयिरंग सद᭭यᲂ के सभी मामलᲂ को लेकर पूणᭅ तथा परम ᭠यायािधकार होगा और िकसी
सिमित अथवा िलयिरंग कॉपᲃरेशन के कमᭅचारी (एकािधक) से जुड़े मामलᲂ व िवषयᲂ पर पयᭅपेᭃण ᭠यायािधकार मौजूद
होगा और उसके िकसी भी चरण पर उनके कायᲄ तथा कायᭅवािहयᲂ को िनदᱷिशत कर सकता है।
4.1.2
िलयिरंग कॉपᲃरेशन के िनयमᲂ, उप-िनयमᲂ तथा िविनयमᲂ की ᳞ाया करने की पूणᭅ शिᲦ तथा अिधकार होगा तथा
िलयिरंग कॉपᲃरेशन के मामलᲂ तथा उसके ᮧशासन, कायᲄ, कायᭅᮧणािलयᲂ तथा मामलᲂ और िलयिरंग सद᭭यᲂ के आचरण
से जुड़े मामलᲂ से जुड़े सभी िबंदुᲐ, ᮧ᳤ᲂ तथा िववादᲂ पर अपना िनणᭅय देने का अिधकार होगा।
4.1.3
िनदेशक मंडल ᳇ारा िदया गया कोई िववेचना तथा िलया गया कोई िनणᭅय अंितम और पूणᭅ माना जाएगा और वे िनदेशक
मंडल ᳇ारा उस िववेचन या िनणᭅय की समीᭃा, संशोधन, िवलोपन की शिᲦयᲂ के िकसी पूवाᭅᮕह के बगैर संब पᭃᲂ के िलए
बा᭟यकारी माना जाएगा।
PART IV]
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4.2
बोडᭅ के पास िन᳜िलिखत शिᲦयां िनिहत हᲂगी:
4.2.1
संब एसचᱶजᲂ के ᮝेिडंग लेटफॉमᭅ पर कारोबार वाली ᮧितभूितयᲂ तथा संिवदाᲐ के संदभᭅ मᱶ िलयिरंग कॉपᲃरेशन के
िलयिरंग खंड तथा समाशोधन व िनपटारा ᮧिᮓया और सरलीकरण तथा िलयिरंग सद᭭यᲂ की कायᭅᮧणािलयᲂ व कामकाजᲂ
के पिरचालनᲂ के संघटन, अनुरᭃण, िनयंᮢण, ᮧबंधन, िविनयमन की शिᲦयां।
4.2.2
िलयिरंग कॉपᲃरेशन के िविभ᳖ िलयिरंग खंडᲂ तथा उप-खंडᲂ के ᳞वसाय आचरण से जुड़े कोई या सभी मामलᲂ के िलए,
िलयिरंग सद᭭यᲂ के बीच पार᭭पिरक ᱨप से िलयिरंग सद᭭यᲂ के कारोबार तथा लेनदेनᲂ के िलए, और जहां कहᱭ ᮧयो᭔य हो
िलयिरंग सद᭭यᲂ व उन ᳞िᲦयᲂ के बीच लेनदेनᲂ के िलए िनयम बनाने का अिधकार, जो िलयिरंग सद᭭य न हो, तथा
4.2.3
ऐसे सभी लेनदेनᲂ तथा सौदᲂ के िनयंᮢण, उनकी ᳞ाया तथा िविनयम का अिधकार तथा ऐसे कदम उठाना और चीज़ᱶ करना
जो िलयिरंग कॉपᲃरेशन के िविभ᳖ िलयिरंग सद᭭यᲂ के उे᭫यᲂ के िलए आव᭫यक हो।
4.3
पूवᭅवतᱮ की ᳞ापकता को लेकर िकसी पूवाᭅᮕह के बगैर, बोडᭅ के पास िन᳜िलिखत मᱶ से कोई या सभी मामलᲂ के िविनयम बनाने की
शिᲦयां:
a.
िलयिरंग कॉपᲃरेशन के िविभ᳖ िलयिरंग खंडᲂ के ᳞वसाय संचालन;
b.
िलयिरंग कॉपᲃरेशन के िकसी कायᭅ के िलए सिमित या सिमितयᲂ की िनयुिᲦ या उ᭠हᱶ भंग करना;
c.
संब एसचᱶजᲂ, अिभरᭃकᲂ, िनᭃेपागार, वेयरहाउस तथा वेयरहाउस सेवा ᮧदाताᲐ, िलयिरंग बᱹक (बᱹकᲂ) तथा अ᭠य ऐसे ही
सेवा ᮧदाताᲐ के साथ पिरचालन तथा ᳞वहार करना, िज᭠हᱶ िलयिरंग कॉपᲃरेशन संब एसचᱶजᲂ के ᮝेिडंग लेटफॉमᭅ पर ᮝेिडंग
सद᭭यᲂ ᳇ारा संप᳖ सौदᲂ के संदभᭅ मᱶ एक िलयिरंग कॉपᲃरेशन के ᱨप मᱶ उसके कामकाजᲂ के िन᭬पादन के उे᭫यᲂ से िनयुᲦ कर
सकता है अथवा उनके साथ ᳞वहार कर सकता है;
d.
िलयिरंग सद᭭यᲂ की िविभ᳖ ᮰ेिणयᲂ का िनधाᭅरण करना, िज᭠हᱶ िलयिरंग कॉपᲃरेशन की सद᭭यता के िलए ᭭वीकृत िकया जाता हो;
e.
िलयिरंग कॉपᲃरेशन के िविभ᳖ िलयिरंग खंडᲂ की सद᭭यता की अनुमित के िलए मानकᲂ, ᮧिᮓयाᲐ, िनयम और शतᲄ को
िविनदᱷिशत करना;
f.
िलयिरंग कॉपᲃरेशन के िविभ᳖ िलयिरंग खंडᲂ की िलयिरंग सद᭭यता के िलए शतᱸ, ᮧवेश या िनरंतरता हेतु मंजूरी या
स᭣सिᮓ᭡शन तय करना;
g.
िलयिरंग कॉपᲃरेशन के कारोबार के संबंध मᱶ िलयिरंग सद᭭यᲂ के आचरण के िलए मानकᲂ का िनधाᭅरण;
h.
सकल पूंजी आव᭫यकताᲐ या पूंजी पयाᭅ᳙ता या सकल मू᭨य व अ᭠य मानकᲂ का समय-समय पर सुझाव पेश करना, िज᭠हᱶ
िलयिरंग सद᭭यᲂ की िविभ᳖ ᮰ेिणयᲂ ᳇ारा संचािलत िकया जाना होता है;
i.
िलयिरंग कॉपᲃरेशन के िविभ᳖ िलयिरंग खंडᲂ के जिरए िकए गए ᳞वसाय के िलए िलयिरंग सद᭭यᲂ ᳇ारा देय शु᭨क;
j.
समय-समय पर िविनदᱷिशत अनुसार िलयिरंग सद᭭यᲂ ᳇ारा अिभलेखᲂ तथा लेखा-बिहयᲂ का संचालन करना;
k.
िलयिरंग सद᭭यᲂ की िवᱫीय दशा, कारोबारी ᳞वहार तथा पिरचालनᲂ की जांच करना;
l.
समय-समय पर सुझाव पेश करना, तथा जुमाᭅनᲂ, दंड व अ᭠य पिरणामᲂ का उ᭨लेख करना, िजसमᱶ इन िनयमᲂ, उपिनयमᲂ तथा
िविनयमᲂ तथा आचार संिहता के सुझाए व अपेिᭃत मानकᲂ से जुड़ी िकसी आव᭫यकता के उ᭨लंघन के कारण िलयिरंग कॉपᲃरेशन
के िविभ᳖ िलयिरंग खंडᲂ से या िलयिरंग कॉपᲃरेशन की सद᭭यता से िलयिरंग सद᭭यᲂ का िनलंबन/िन᭬कासन;
m. िकसी िलयिरंग सद᭭य के िवᱧ अनुशासना᭜मक कायᭅवाही/ᮧिᮓया अपनाना;
n.
इन िनयमᲂ, उपिनयमᲂ तथा िविनयमᲂ या िलयिरंग कॉपᲃरेशन के िविभ᳖ िलयिरंग खंडᲂ के सामा᭠य अनुशासन के अनुᱨप या
उसके िवपरीत गैर-अनुपालन के िलए जुमाᭅने, िजसमᱶ िलयिरंग सद᭭यᲂ का िन᭬कासन या िनलंबन भी शािमल है;
o.
िकसी िलयिरंग सद᭭य को एक िडफॉ᭨टर या िलयिरंग सद᭭यता से िन᭬कासन या पंजीकरण अथवा िनलंबन की घोषणा करना;
p.
एक या एकािधक िलयिरंग खंडᲂ या िलयिरंग कॉपᲃरेशन की सद᭭यता के पिर᭜याग, ᭜यागपᮢ या वापसी से जुड़े मानकᲂ का
िनधाᭅरण करना और िकसी सद᭭य के पुनᮧᭅवेश के िलए मानकᲂ का उ᭨लेख करना;
q.
उन ᮧितबंधᲂ से जुड़े मानकᲂ का िनधाᭅरण करना, िज᭠हᱶ िकसी िलयिरंग सद᭭य की समाशोधन तथा िनपटारा गितिविधयᲂ के िलए
तय िकया जाता है और उन मानकᲂ का िनधाᭅरण करना जो ऐसे ᮧितबंधᲂ को वापस करने से जुड़े हᲂ।
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[PART IV
r.
वेयरहाउसेज तथा वेयरहाउिसंग सिवᭅस ᮧदाता (िजसे ड᭣᭨यूएसपी) की संबता के िलए मानकᲂ का िनधाᭅरण करना, जो िवᱫीय
ि᭭थित, ड᭣᭨यूएसपी के संचालन, भौितक सुिवधाᲐ तथा ᭭थलᲂ के बुिनयादी ढांचᲂ, आंतिरक ऑिडट का अि᭭त᭜व तथा इसकी
गितिविधयᲂ की िनगरानी, ड᭣᭨यूएसपी के िलए उपल᭣ध बीमा कवर से संब हᲂ;
s.
फंडᲂ की सुरᭃा, शाखा नेटवकᭅ तथा िव᭭तार तथा फंडᲂ के सुगम तथा सरल संचरण के िलए सही ढांचा से जुड़े अ᭠य िवᱫीय दशा के
साथ-साथ िलयिरंग बᱹकᲂ की िनयुिᲦ के िलए मानक;
t.
संिवदाᲐ/सौदᲂ के संदभᭅ मᱶ तथा उससे उपजे या उसके कारण पैदा होने वाले मानक तथा ᮧिᮓयाएं;
u.
िलयिरंग सद᭭यᲂ के बीच या िलयिरंग सद᭭यᲂ व लाइं᭗स के बीच ᮧितभूितयᲂ के लेनदेन से जुड़े िववादᲂ, िशकायतᲂ, दावᲂ के
िनपटारे के िलए मानकᲂ का िनधाᭅरण, िजसमᱶ समझौते या म᭟य᭭थता ᳇ारा िनपटारा करने की ᮧिᮓया शािमल हो तथा उसके मानक
व ᮧिᮓया शािमल हो और म᭟य᭭थता िनणᭅय का कायाᲈवयन भी समािहत हो;
v.
ऐसे अ᭠य मामले जो िलयिरंग कॉपᲃरेशन से जुड़ा हो, जैसा िक संघ के अंतिनᭅयम, इन उप-िनयमᲂ या िनयमᲂ के ᮧावधानᲂ मᱶ
विणᭅत हो अथवा जैसा िक िलयिरंग कॉपᲃरेशन के संघठन, अनुरᭃण, िनयंᮢण, ᮧबंधन, िविनयम तथा सुगमीकरण हेतु आव᭫यक
या उिचत माना जाए।
4.4
बोडᭅ के पास समय-समय पर, िकसी सिमित (सिमितयᲂ) या िलयिरंग कॉपᲃरेशन के ᮧबंध िनदेशक/सीईओ को अथवा िलयिरंग
कॉपᲃरेशन के िकसी विर᳧ ᳞िᲦ को अपने िववेकािधकार से शिᲦ ᮧदान करने का अिधकार िनिहत होगा, जो समय-समय पर िलयिरंग
कॉपᲃरेशन के िविभ᳖ िलयिरंग खंडᲂ के सभी या िकसी मामले को ᮧबंिधत करने से जुड़ी शिᲦ हो सकती है, साथ ही ऐसी शिᲦयᲂ को
र करने, वापस करने, बदलने या पिरवतᭅन करने की भी शिᲦ हो सकती है।
4.5
समय-समय पर बोडᭅ एक या एकािधक सिमितयᲂ का गठन कर सकता है, िजसमᱶ बोडᭅ के सद᭭य या वे सद᭭य शािमल हो सकते हᱹ िज᭠हᱶ
बोडᭅ अपने िववेक से उिचत मानता हो या आव᭫यक मानता हो और ऐसी सिमितयᲂ को बोडᭅ अपने िववेक से शिᲦयां ᮧदान कर सकता है
और समय-समय पर बोडᭅ ऐसे ᮧितिनधायन को र भी कर सकता है।
4.6
बोडᭅ के पास समय-समय पर गिठत सिमितयᲂ मᱶ से िकसी सिमित या िकसी अ᭠य ᳞िᲦ अथवा ऐसे ᳞िᲦयᲂ को िनदᱷश जारी करने का
अिधकार होगा, िज᭠हᱶ बोडᭅ ने शिᲦयां ᮧदान की हो।
इस शिᲦ के इ᭭तेमाल के ᮓम मᱶ ऐसे िदशा-िनदᱷश, जो िकसी नीित की ᮧकृित के हᲂ या उनमᱶ ऐसे िदशा-िनदᱷश शािमल हो सकते हᱹ जो
िकसी खास मामले या िकसी मुे को िनपटाने से जुड़े हᲂ, तो वे संब सिमित (सिमितयᲂ) या अ᭠य ᳞िᲦयᲂ के िलए बा᭟यकारी हᲂगे।
4.7
बोडᭅ के पास सेबी की पूवᭅ अनुमित से अपने ᳇ारा सृिजत उप-िनयमᲂ तथा िनयमᲂ को बदलने, संशोिधत करने, खंडन करने या उसमᱶ
जोड़ने की शिᲦ िनिहत होती है।
4.8
बोडᭅ अपने ᳇ारा सृिजत िविनयमᲂ को बदलने, संशोिधत करने, खंडन करने या उसमᱶ जोड़ने के िलए अिधकृत है। ऐसे पिरवतᭅनᲂ की सूचना
सेबी को दी जाएगी।
4.9
बोडᭅ के सद᭭य तथा ऐसी सिमितयᲂ के सद᭭य िज᭠हᱶ ऐसे पद के िलए िनयुᲦ िकया जाता हो, सेबी ᳇ारा िविनदᱷिशत नैितकता संिहता का
अनुपालन करेगा।
5.
सिमित (सिमितयां)
5.1
संिवधान
िलयिरंग कॉपᲃरेशन के िविभ᳖ िलयिरंग खंडᲂ या उप-खंडᲂ के दैिनक कामकाजᲂ के ᮧबंधन के िलए तथा िलयिरंग कॉपᲃरेशन के
ᮧबंधन के अनुरोध पर िलयिरंग कॉपᲃरेशन के ᮧबंधन को सलाह देने के िलए बोडᭅ ᳇ारा एक या एकािधक सिमितयᲂ का गठन िकया जा
सकता है। बोडᭅ- सिमित (सिमितयᲂ) के संिवधान, अविध तथा शिᲦयᲂ, सिमित (सिमितयᲂ) का नामांकन तथा उनसे नािमितयᲂ की
िरिᲦ तथा पदधारक की िनयुिᲦ तथा सिमित (सिमितयᲂ) के कामकाजᲂ के िलए िनयमᲂ व ᮧिᮓयाᲐ का िनधाᭅरण कर सकता है।
5.2
सिमितयᲂ के सद᭭यᲂ का नामांकन:
5.2.2
गिठत ᮧ᭜येक सिमित, जबतक िक सेबी ᳇ारा अ᭠यथा विणᭅत न िकया जाए, िन᳜िलिखत ᮰ेणी के एक या एकािधक ᳞िᲦयᲂ
को शािमल करेगी:
a.
संब एसचᱶज का ᮧबंध िनदेशक/सीईओ तथा/या एक या एकािधक कमᭅचारी;
b.
िलयिरंग कॉपᲃरेशन के िनदेशक मंडल का एक या एकािधक सद᭭य;
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c.
िवᱫ, अकाउंिटंग, कानून, पूंजी बाजार, जोिखम ᮧबंधन, सूचना ᮧौ᳒ोिगकी, दूरसंचार के ᭃेᮢ से याितᮧा᳙ ᳞िᲦ या
िवशेष कमोिडटी से जुड़े एसपटᭅ या िवशेष᭄; तथा
d.
ऐसा कोई ᳞िᲦ िजसे संबंध ᮧािधकार उिचत मानता हो।
5.2.3
जबतक सेबी ᳇ारा मंजूरी न दी जाती हो, िकसी भी गिठत सिमितयᲂ मᱶ िलयिरंग कॉपᲃरेशन या एसचᱶज का कोई िलयिरंग
सद᭭य शािमल नहᱭ होगा।
5.2.4
गिठत सिमित अपने सद᭭यᲂ के साथ एक या एकािधक उप-सिमितयᲂ का गठन कर सकती है, जो इस बारे मᱶ इसके ᭭वयं के
संिवधान के िनयम व शतᲄ के अधीन होगा। ऐसी उप-सिमितयᲂ का संिवधान, शिᲦयां तथा िज᭥मेदािरयां उ᭠हᱶ गिठत करने
वाली सिमित ᳇ारा िनधाᭅिरत िकए जाएंगे।
5.2.5
ᮧबंध िनदेशक/सीईओ भी उस तरीके से एक सिमित या सिमितयᲂ का गठन कर सकता है, जो िनयम 5 के तहत उनके
िववेकानुसार सही माना जाना हो।
5.2.6
ᮧबंध िनदेशक ऐसी सिमितयᲂ का गिठत करेगा िजसका समय-समय पर सेबी ᳇ारा सुझाव िदया जाता हो/आव᭫यक माना
जाता हो। ऐसी सभी सिमितयां इन ᮧावधानᲂ के अनुᱨप उस सीमा तक कायᭅ करᱶगे/पिरचालन करᱶगी, िक ऐसे ᮧावधान समय-
समय पर सेबी/िलयिरंग कॉपᲃरेशनंस ᳇ारा विणᭅत ᮧावधानᲂ के िवपरीत न हᲂ।
5.3
सिमित
सिमित
सिमित
सिमित के सद᭭यᲂ का कायᭅकाल
के सद᭭यᲂ का कायᭅकाल
के सद᭭यᲂ का कायᭅकाल
के सद᭭यᲂ का कायᭅकाल
सिमित के सद᭭यᲂ का कायᭅकाल उस अविध तक होगा िजसका हरेक सिमित की ि᭭थित मᱶ सबं ᮧािधकार ᳇ारा उ᭨लेख िकया जाता हो
और हरेक उप-सिमित की ि᭭थित मᱶ यह उन उप-सिमितयᲂ का गठन करने वाली सिमित ᳇ारा िनधाᭅिरत िकया जाएगा।
5.4
िकसी
िकसी
िकसी
िकसी सद᭭य की अयोयता
सद᭭य की अयोयता
सद᭭य की अयोयता
सद᭭य की अयोयता
िकसी ऐसे ᳞िᲦ को सिमित के सद᭭य के ᱨप मᱶ िनयुᲦ नहᱭ िकया जाएगा या वह आगे सद᭭य के ᱨप मᱶ बना नहᱭ रहेगा, यिद वह
िलयिरंग कॉपᲃरेशन के इन िनयमᲂ, िविनयमᲂ, उप-िनयमᲂ अथवा संघ के अंतिनᭅयमᲂ मᱶ बताए अनुसार अथवा िनदेशक मंडल या सेबी
᳇ारा िविनदᱷिशत अनुसार अथवा िकसी सद᭭य पर लागू होने वाली िकसी अयोयता का अिधकारी हो जाता है, और ऐसा सद᭭य जो
अयोयता का हकदार हो, ᭭वतः अपना पद खाली कर देगा।
5.5
सिमित
सिमित
सिमित
सिमित का अ᭟यᭃ
का अ᭟यᭃ
का अ᭟यᭃ
का अ᭟यᭃ
सिमित के सद᭭य अपने बीच से एक अ᭟यᭃ का चुनाव कर सकते हᱹ।
5.6
सिमित
सिमित
सिमित
सिमित की बैठक तथा कायᭅवाही
की बैठक तथा कायᭅवाही
की बैठक तथा कायᭅवाही
की बैठक तथा कायᭅवाही
5.6.1
सिमित ᭭वयम ᳇ारा िनधाᭅिरत अंतरालᲂ पर बैठक कर सकती है, उसे ᭭थिगत कर सकती है और अपने िनणᭅय के अनुसार बैठक
को िविनयिमत कर सकती है एवं उसकी कायᭅवािहयाँ संचािलत कर सकती है।
5.6.2
कोई सिमित बैठक कर सकती है या ᭭थिगत हो सकती है, जो उसके िववेक पर िनभᭅर करेगा।
5.6.3
िकसी सिमित की बैठक से उपजे िक᭠हᱭ ᮧ᳤ᲂ को उपि᭭थत सद᭭यᲂ के बᱟमत ᳇ारा िनधाᭅिरत िकया जाएगा; ऐसी ि᭭थित मᱶ
जब मत देने वाले सद᭭यᲂ की समानता बन जाए, तब सिमित का अ᭟यᭃ सिमित के सद᭭य के ᱨप मᱶ अपने मद डालने के
अितिरᲦ एक सेकंड वोट या काि᭭टंग वोट का इ᭭तेमाल करेगा।
5.6.4
सिमित की सभी बैठकᲂ मᱶ, आम तौर पर सिमित का अ᭟यᭃ बैठक की अ᭟यᭃता करेगा और उसकी अनुपि᭭थित मᱶ, सिमित के
सद᭭य अपने मᱶ से िकसी एक सद᭭य को उस बैठक हेतु एक अ᭟यᭃ के ᱨप मᱶ चुनाव करेगा, जो सेबी/िलयिरंग कॉपᲃरेशन
᳇ारा विणᭅत िविध के अनुᱨप होगा। सिमित का कोई सद᭭य यिद बैठक से पूवᭅ ᳞वसाय मᱶ ᱧिच ᮧकट करेगा तो वह चचाᭅ,
वोिटंग तथा उᲦ मामले पर िनणᭅयᲂ से बाहर रहेगा। यिद अ᭟यᭃ की ऐसी ᱧिच हो तो वह भी बैठक की अ᭟यᭃता करने से
बाहर रहेगा।
5.6.5
िकसी मामले के संदभᭅ मᱶ सिमित बैठक मᱶ गैर-मौजूदगी या ᮧॉसी वोिटंग की अनुमित दी जाएगी।
5.6.6
सिमित अपनी बैठक मᱶ िजसमᱶ एक कोरम मौजूद हो, सभी या िकसी भी अिधकार के इ᭭तेमाल के योय होगी और उसमᱶ
िनिहत कायᲄ को पूरा करने की शिᲦ का इ᭭तेमाल करेगा।
5.7
सिमित
सिमित
सिमित
सिमित की बैठकᲂ के िलए कोरम
की बैठकᲂ के िलए कोरम
की बैठकᲂ के िलए कोरम
की बैठकᲂ के िलए कोरम
हरेक सिमित बैठक के िलए कोरम उस सिमित की कुल सद᭭य संया के एक-ितहाई या दो (2) होगा, जो भी अिधक हो जाए, केवल
एकल-सद᭭य वाली सिमित की ि᭭थित को छोड़कर।
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[PART IV
5.8
सिमितयᲂ
सिमितयᲂ
सिमितयᲂ
सिमितयᲂ की शिᲦयां
की शिᲦयां
की शिᲦयां
की शिᲦयां
5.8.1
बोडᭅ समय-समय पर, िकसी सिमित (सिमितयᲂ) को ऐसी शिᲦयां सᲅप सकती है, जो उसमᱶ िनिहत हो तथा उन शतᲄ पर
िज᭠हᱶ यह सही मानती हो, तािक िलयिरंग कॉपᲃरेशन के िलयिरंग खंडᲂ के िकसी या सभी मामलᲂ को ᮧबंिधत िकया जा
सके अथवा बोडᭅ समय-समय पर ऐसी शिᲦयᲂ को र कर सकती है, वापस कर सकती है, बदल सकती है या पिरवतᭅन कर
सकती है।
5.8.2
सिमित (सिमितयां) समय-समय पर बोडᭅ ᳇ारा जारी िनदᱷशᲂ को संप᳖ करने तथा कायाᲈिवत करने के िलए बा᭟य या मजबूर
होगा और वे विणᭅत िकए अनुसार सिमित (सिमितयᲂ) के अिधकारᲂ के ᮧितिनिध᭜व तथा सीमाᲐ की सभी शतᲄ का पालन
करेगी।
6.
संब ᮧािधकार की शिᲦयां
6.1
सिमित की पूवᲃᲦ शिᲦयᲂ तथा समय-समय पर ᮧभावी िनयमᲂ, उप-िनयमᲂ तथा िविनयमᲂ ᳇ारा िकसी अ᭠य शिᲦ अथवा ᮧािधकार की
अ᭭प᳥ ᱨप से तथा ᭭प᳥ ᱨप से ᳞ापकता के ᮧित िबना िकसी पूवाᭅᮕह के, संब ᮧािधकार के पास समय-समय पर िलयिरंग कॉपᲃरेशन
᳇ारा विणᭅत नीित के अनुᱨप िन᳜िलिखत कतᭅ᳞ व शिᲦयां हᲂगे:
6.1.1
बाजार िविनयम से जुड़े सभी मामलᲂ तथा िन᳜िलिखत मामलᲂ से जुड़े कदमᲂ की अनुपालनता पर िलयिरंग कॉपᲃरेशन
᳇ारा िलए िनणᭅय तथा िविनदᱷिशत नीितयᲂ के कायाᲈवयन करना तथा गैर-अनुपालनता के िलए जुमाᭅना लगाना, िजसमᱶ संब
ᮧािधकार ᳇ारा िकसी सिमित को सᲅपे िवशेष ᭃेᮢ शािमल नहᱭ हᲂगे:
a.
िलयिरंग कॉपᲃरेशन पर िकसी िलयिरंग सद᭭य के सौदे तथा िनपटारा के सभी आयामᲂ तथा ᮧितभूितयᲂ मᱶ कोई या
उसके सभी ᳞वसाय लेनदेनᲂ के िलहाज से उस िलयिरंग सद᭭य को अनुशािसत करना,
b.
िकसी िलयिरंग सद᭭य ᳇ारा उसके लाइंटᲂ के पास दजᭅ ᮧितभूितयᲂ मᱶ सभी लेनदेनᲂ का िनपटारा,
c.
िवशेष मािजᭅनᲂ समेत िविभ᳖ ᮧकार के मािजᭅनᲂ का आरोपण,
d.
िलयिरंग सद᭭यता, मािजᭅन तथा िनपटारे अथवा सिवᭅलांस कायᲄ से जुड़े उᱫरदािय᭜वᲂ की गैर-पिरपूणᭅता हेतु िकसी
िलयिरंग सद᭭य की िलयिरंग सुिवधा का वापस लेना या ᮧितबंध लगाना,
6.1.2
िनयमᲂ, उप-िनयमᲂ तथा िविनयमᲂ के िलए आव᭫यक रिज᭭टरᲂ, द᭭तावेज़ᲂ तथा िरकॉडᲄ का संचालन करना;
6.1.3
िशकायत लेना और उनका िनपटारा करना और ऐसी पूछताछ करना और ऐसी सूचनाएं एकᮢ करना जो िनयमᲂ, उप-िनयमᲂ
तथा िविनयमᲂ मᱶ ᮧदᱫ के ᱨप मᱶ आव᭫यक हो सकती हᱹ अथवा आव᭫यक कायᭅवाही को ᮧेिरत करती हᲂ।
6.1.4
सेबी ᳇ारा जारी िकसी सकुᭅलरᲂ, िदशा-िनदᱷशᲂ या जांच िरपोटᭅ के अनुᱨप पिरणामी कदम उठाना;
6.1.5
सभी अिधसूचनाᲐ तथा ᮧेस िरलीजᲂ पर ह᭭ताᭃर करना और उ᭠हᱶ जारी करना अथवा उनपर ह᭭ताᭃर करवाना और जारी
करवाना;
6.1.6
समय-समय पर भारत सरकार या सेबी या संब ᮧािधकार ᳇ारा जारी तथा िनयमᲂ, उप-िनयमᲂ व िविनयमᲂ के अंतगᭅत
जारी िदशा-िनदᱷशᲂ, आदेशᲂ, गाइडलाइंस, मानकᲂ तथा सकुᭅलरᲂ को लागू करना;
6.1.7
िलयिरंग सद᭭यᲂ ᳇ारा िलयिरंग कॉपᲃरेशन/सेबी हेतु िविभ᳖ देय तथा भुगतान योय रािशयᲂ की िलयिरंग सद᭭यᲂ के
खातᲂ से डेिबट करते ᱟए वसूली करना;
6.1.8
िलयिरंग सद᭭यता के संदभᭅ मᱶ ᭭टेट या संिवधान मᱶ पिरवतᭅन तथा ह᭭तांतरण को मंजूरी देना;
6.1.9
िकसी उस िलयिरंग सद᭭य से उपि᭭थित तथा सूचना का आ᭮वान करना, िजसमᱶ पु᭭तक, पेपर, द᭭तावेज़ तथा अ᭠य अिभलेख
अथवा सूचना शािमल हᲂगी, जो पहले से िलयिरंग सद᭭यᲂ के ᱨप मᱶ ᭭वीकृत हᱹ या ऐसे सद᭭यᲂ से जो िलयिरंग कॉपᲃरेशन
मᱶ ᮧवेश के इ᭒छुक हᲂ;
6.1.10
िलयिरंग से संबंिधत उपयुᲦ कदम उठाना तािक िलयिरंग कॉपᲃरेशन, िलयिरंग सद᭭यᲂ व उनके लाइं᭗स के िहतᲂ की
रᭃा और बचाव िकया जा सके
6.1.11
िलयिरंग सद᭭यᲂ के ᳞वसाय तथा आचरण व कायᭅ᳞ापारᲂ की जांच करने तथा िनरीᭃण करने का आ᭮वान करना
6.1.12
िलयिरंग कॉपᲃरेशन का सभी मामलᲂ मᱶ उसके आिधकािरक ᮧितिनिध के तौर पर कायᭅ करना
6.1.13
ऐसे अ᭠य कतᭅ᳞ तथा कायᭅ करना, जो उपरोᲦ कतᭅ᳞ᲂ के िन᭬पादन हेतु ᮧासंिगक व सहायक हो तथा ऐसी शिᲦयᲂ का
इ᭭तेमाल करना, जो उसे संब ᮧािधकार ᳇ारा अथवा सेबी ᳇ारा ᮧदान की गई हो
PART IV]
THE GAZETTE OF INDIA, JUNE 17, 2017 (JYAISTHA 27, 1939)
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7.
िलयिरंग सद᭭यता
7.1
िविवध
िविवध
िविवध
िविवध ᮰ेणी
᮰ेणी
᮰ेणी
᮰ेणी
िकसी िलयिरंग सद᭭य के अिधकार, िवशेषािधकार वाले कतᭅ᳞ तथा िज᭥मेदािरयां िनयमᲂ, उप-िनयमᲂ तथा िविनयमᲂ के अनुᱨप और
उससे जुड़े हᱹ। संब ᮧािधकार समान िलयिरंग खंड या िविभ᳖ िलयिरंग खंडᲂ के िलए िलयिरंग सद᭭यᲂ की एक से अिधक ᮰ेणी को
पिरभािषत और ᭭वीकार कर सकता है और िविभ᳖ मानकᲂ का िविनदᱷशक कर सकता है, िजसमᱶ िविभ᳖ खंडᲂ हेतु सद᭭यता की योयता,
᭭वीकृित तथा समाि᳙ तथा सद᭭यता पिर᭜याग भी शािमल है।
7.2
ᮧवेश
ᮧवेश
ᮧवेश
ᮧवेश तथा शु᭨क
तथा शु᭨क
तथा शु᭨क
तथा शु᭨क
7.2.1
संब ᮧािधकार िलयिरंग सद᭭यᲂ की िविभ᳖ ᮰ेिणयᲂ का उ᭨लेख कर सकता है और उनकी योयता, िवᱫीय नेट मू᭨य,
बुिनयादी ढांचा तथा हरेक ऐसी ᮰ेणी तथा/या िलयिरंग खंड के िलए अ᭠य संब मानकᲂ का वणᭅन कर सकता है।
7.2.2
संब ᮧािधकार िलयिरंग कॉपᲃरेशन के सभी या िकसी िलयिरंग खंडᲂ मᱶ िलयिरंग सद᭭यᲂ के ᮧवेश के आवेदन, पुनᮧᭅवेश
की समाि᳙ हेतु पूवᭅ आव᭫यकताएं, दशाएं, ᮧाᱨप तथा ᮧिᮓयाएं विणᭅत कर सकता है। संब ᮧािधकार अपने िववेकािधकार से
िकसी िलयिरंग सद᭭य को िकसी या सभी िलयिरंग खंडᲂ मᱶ ᮧवेश करने के िलए िकसी आवेदक की अनुमित को अ᭭वीकार
कर सकता है।
7.2.3
ऐसे शु᭨क, सुरᭃा जमा, योगदान रािश तथा अ᭠य धन जो संब ᮧािधकार ᳇ारा िविनदᱷिशत हो, िलयिरंग सद᭭य के सद᭭य
के ᱨप मᱶ ᮧवेश तथा उसकी िनरंतर िनयुिᲦ के िलए ᮧवेश पर या ᮧवेश से पूवᭅ देय हᲂगे।
7.3
योयता
योयता
योयता
योयता
िन᳜िलिखत ᳞िᲦ सामा᭠यतः िलयिरंग कॉपᲃरेशन के िलयिरंग सद᭭य बनने के िलए योय हᲂगे:
a.
᳞िᲦ िवशेष;
b.
भारतीय साझेदारी अिधिनयम, 1932 के तहत पंजीकृत फमᭅ;
c.
कंपनी अिधिनयम, 1956 (1956 का 1) के सेशन 4A या कंपनी अिधिनयम 2013 के सेशन 2(72) मᱶ पिरभािषत एक पि᭣लक
िवᱫीय सं᭭थान;
d.
भारतीय िरजवᭅ अिधिनयम, 1934 (1934 का 2) की ि᳇तीय अनुसूची मᱶ उस समय के िलए शािमल कोई बᱹक;
e.
भारतीय िरजवᭅ बᱹक की अनुमित से भारत मᱶ पिरचालन करने वाला एक िवदेशी बᱹक;
f.
रा᭔य िवᱫीय िनगम अिधिनयम 1951 (1951 का 63) के सेशन 3 के ᮧावधानᲂ के तहत ᭭थािपत एक रा᭔य िवᱫीय िनगम;
g.
एक सं᭭थान जो िवᱫीय सेवाएं ᮧदान करने मᱶ शािमल हो और उसे संयुᲦ ᱨप से या गंभीर ᱨप से उपोपबंध (c) से (f) मᱶ विणᭅत
सं᭭थानᲂ ᳇ारा संविधᭅत िकया जाता हो;
h.
ᮧितभूितयᲂ के अिभरᭃक, िज᭠हᱶ सेबी अिधिनयम के सेशन 12 के सब-सेशन (1A) के तहत बोडᭅ ᳇ारा पंजीकरण ᮧमाणपᮢ
᭭वीकृत िकया गया हो;
i.
᭭टॉक ᮩोकर, िज᭠हᱶ सेबी अिधिनयम के सेशन 12 के सब-सेशन (1) के तहत बोडᭅ ᳇ारा पंजीकरण ᮧमाणपᮢ ᭭वीकृत िकया गया हो;
j.
कंपनी अिधिनयम 1956 के तहत विणᭅत एक कंपनी या कोई वैधािनक पिरवतᭅन अथवा उसका पुनᮧᭅवतᭅन;
k.
िकसी इ᭫यू का एक रिज᭭ᮝार या शेयर ᮝांसफर एजᱶट, िज᭠हᱶ सेबी अिधिनयम के सेशन 12 के सब-सेशन (1) के तहत बोडᭅ ᳇ारा
पंजीकरण ᮧमाणपᮢ ᭭वीकृत िकया गया हो;
l.
एक सीिमत उᱫरदािय᭜व वाली िनिमᭅत साझेदारी और िलिमटेड लायिबिलटी पाटᭅनरिशप अिधिनयम, 2008 के तहत पंजीकृत या
कोई वैधािनक पिरवतᭅन या उसका पुनᮧᭅवतᭅन।
m. सेबी ᳇ारा ᭭वीकृत कोई अ᭠य ᮧित᳧ान।
7.3.1
हालांिक, कुछ िवशेष िलयिरंग खंडᲂ या उप-खंडᲂ की ᮧकृित, आव᭫यकताᲐ तथा जिटलता के आधार पर, िज᭠हᱶ िलयिरंग
कॉपᲃरेशन ᳇ारा ᮧ᭭तुत िकया जा सकता है, संब ᮧािधकार एक या एकािधक ᮧित᳧ानᲂ को ऐसे िलयिरंग खंड की सद᭭यता
की ᭭वीकृित को ᮧितबंिधत या इंकार कर सकता है या ऐसे ᮧित᳧ानᲂ की योयता के बारे मᱶ अितिरᲦ शतᭅ आरोिपत कर
सकता है।
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[PART IV
7.3.2
िकसी ᳞िᲦ या ᮧित᳧ान को एक िलयिरंग सद᭭य के ᱨप मᱶ ᭭वीकृत नहᱭ िकया जाएगा यिद ऐसे ᮧ᭭तािवत सद᭭य:
a.
एक ᳞िᲦ िजसने 21 वषᭅ पूरा न िकया हो;
b.
िदवािलया घोिषत कर िदया गया हो या उस ᳞िᲦ के िखलाफ िदवािलयापन का एक आदेश जारी िकया गया हो या
उस ᳞िᲦ को िदवािलया सािबत कर िदया गया हो, भले ही उसने अपना अंितम िड᭭चाजᭅ हािसल कर िलया हो;
c.
अपने ऋणदाताᲐ के साथ उसने कजᭅ के कुल िवमोचन से कम संयोिजत िकया हो;
d.
उसे िकसी जालसाजी या बेइमानी वाले िकसी उ᭨लंघन के िलए आरोिपत िकया गया हो;
e.
एक कॉपᲃरेट िनकाय हो िजसने कुछ ऐसा कायᭅ िकया हो िजससे वह कानून के ᮧावधान के तहत पिरसमा᳙ करने के
योय बनाता हो;
f.
एक कॉपᲃरेट िनकाय हो िजसके पास एक ᮧावधािनक िलिᲤडेटर या िरसीवर हो अथवा ᳞िᲦ के िलए एक आिधकािरक
िलिᲤडेटर िनयुᲦ हो;
g.
िकसी समय िन᭬कािसक िकया गया हो या िकसी ᭭टॉक एसचᱶज या अ᭠य िलयिरंग कॉपᲃरेशन ᳇ारा एक िडफॉ᭨टर
घोिषत िकया गया हो;
h.
पूवᭅ मᱶ िलयिरंग सद᭭यता मᱶ ᮧवेश से इंकार िकया जा चुका हो, जबतक िक अ᭭वीकृित की ितिथ से एक वषᭅ की अविध
न बीत जाता हो;
7.3.3
कोई िलिमटेड लायिबिलटी पाटᭅरिशप िलयिरंग कॉपᲃरेशन की िलयिरंग सद᭭यता ᮧा᳙ नहᱭ करेगा, जबतक िक:
a.
िलिमटेड लायिबिलटी पाटᭅरिशप का गठन िकया जाता हो और उसे िलिमटेड लायिबिलटी पाटᭅरिशप अिधिनयम, 2008
के तहत पंजीकृत न करवा िलया जाता हो।
b.
िलिमटेड लायिबिलटी पाटᭅरिशप ᮧितभूित संिवदा िलिमटेड लायिबिलटी पाटᭅरिशप से संब (िविनयम) िनयम, 1957
के िनयम 8(6) का अनुपालन करेगी।
7.4
अितिरᲦ योयता मानदंड
िकसी ᳞िᲦ के पास िलयिरंग सद᭭यता मᱶ ᮧवेश करने की योयता तबतक नहᱭ हािसल होगी, जबतक िक ऐसा ᳞िᲦ बोडᭅ या संब
ᮧािधकार ᳇ारा समय-समय पर िलयिरंग सद᭭यᲂ की िविभ᳖ ᮰ेिणयᲂ के िलए ᮧ᭭तािवत अितिरᲦ योयता मानदंड को संतु᳥ न कर
लेता हो;
हालांिक संब ᮧािधकार िकसी या सभी ᮧवेश शतᲄ से छूट ᮧदान कर सकता है तथा वह अपने िववेकािधकार पर उपरोᲦ आव᭫यकताᲐ
को हटा सकता है, यिद उसे यह लगता हो िक ᮧवेश की चाह रखने वाले ᳞िᲦ को संब ᮧािधकार ᳇ारा अ᭠य तरीके से एक िलयिरंग
सद᭭य मᱶ शािमल होने के िलए योय माना जाता है, जो िक उस ᳞िᲦ के मा᭟यम, पोिजशन, स᭜यिन᳧ा, ᭄ान तथा ᮧितभूितयᲂ मᱶ
᳞वसाय करने का अनुभव से जुड़ा होगा।
7.5
ᮧवेश
7.5.1
िलयिरंग सद᭭यता के तहत िकसी योय ᮰ेणी के तहत सद᭭यता पाने के इ᭒छुक िकसी ᳞िᲦ या ᮧित᳧ान तथा एक या
एकािधक िलयिरंग खंडᲂ के संदभᭅ मᱶ िजसके िलए ऐसा ᳞िᲦ अथवा ᮧित᳧ान सद᭭यता पाने के योय हो, ऐसे उे᭫यᲂ के
िलए ᮧ᭭तािवत ᭭वᱨप तथा तरीके मᱶ िलयिरंग कॉपᲃरेशन मᱶ आवेदन करेगा। हरेक आवेदन को संब ᮧािधकार ᳇ारा िनपटा
जाएगा, जो अपने िववेकािधकार पर ऐसे आवेदक ᳇ारा सᲅपे आवेदन को एक या एकािधक िलयिरंग सद᭭यᲂ के िलए ᭭वीकृत
करेगा या उसे खािरज कर देगा अथवा चयना᭜मक ᱨप से उसे मंजूरी ᮧदान करेगा।
7.5.2
एक या एकािधक िलयिरंग खंडᲂ के िलए सद᭭यता की िविभ᳖ ᮰ेिणयᲂ के तहत िलयिरंग सद᭭यᲂ के ᮧवेश के िलए आवेदन
उस ᮧाᱨप मᱶ ᮧ᭭तुत िकया जाएगा जो समय-समय पर संब ᮧािधकार ᳇ारा विणᭅत िकया गया हो।
7.5.3
कोई मौजूदा िलयिरंग सद᭭य िकसी भी समय और अपनी योयता के आधार पर, िलयिरंग कॉपᲃरेशन के अितिरᲦ
िलयिरंग खंडᲂ के एक सद᭭य के ᱨप मᱶ दािखला की मंशा जािहर कर सकता है और ऐसे आवेदन को संब ᮧािधकार ᳇ारा
उसी तरीके से िनपटा जाएगा जैसे िक वह िकसी नए आवेदक के मू᭨यांकन के समय करेगा।
7.5.4
आवेदन को ऐसे शु᭨कᲂ, सुरᭃा जमा-रािशयᲂ तथा अ᭠य धनरािशयᲂ के साथ ऐसे तरीके से और ऐसे ᭭वᱨप मᱶ सᲅपा जाएगा,
जो समय-समय पर िलयिरंग खंड तथा सद᭭यता की हरेक ᮰ेणी के संदभᭅ मᱶ संब ᮧािधकार ᳇ारा विणᭅत िकया गया हो।
7.5.5
आवेदक को ऐसी घोषणाएं, वचनपᮢ, ᮧमाणपᮢ, पुि᳥ पᮢ तथा ऐसे अ᭠य द᭭तावेज़ या कागजात सᲅपना होगा, िजसे समय-
समय पर संब ᮧािधकार ᳇ारा िविनदᱷिशत िकया जाता हो।
7.5.6
संब ᮧािधकार के पास आवेदक ᳇ारा ऐसे शु᭨क या ऐसे अितिरᲦ सुरᭃा रािश को नकद या अ᭠य तरीके से भुगतान करने,
समय-समय पर कोर सेटलमᱶट गारंटी फंड के भुगतान हेतु जमा रािशयᲂ तथा अ᭠य योगदानरािशयᲂ का भुगतान करने का
आ᭮वान करेगा, तािक िकसी अितिरᲦ गारंटी ᮧ᭭तुत की जा सके या िकसी अितिरᲦ उस फंड या शु᭨क का योगदान िदया जा
सके जो समय-समय पर संब ᮧािधकार ᳇ारा िविनदᱷिशत िकए जाते हᲂ।
PART IV]
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7.5.7
संब ᮧािधकार अ᭭थायी ᱨप से आवेदक को, ᮰ेणीवार तरीके से तथा िलयिरंग खंडवार तरीके से िलयिरंग सद᭭यता की
अनुमित ᮧदान कर सकता है, बशतᱷ िक आवेदक संब ᮧािधकार ᳇ारा िविनदᱷिशत ऐसे िनयम व शतᲄ के अधीन योयता शतᲄ
तथा अ᭠य ᮧिᮓयाᲐ व आव᭫यकताᲐ की पूितᭅ करता हो। संब ᮧािधकार जब इस बात से संतु᳥ हो जाता है िक िलयिरंग
सद᭭यता के िलए सभी अ᭠य िनयम व शतᲄ तथा अ᭠य आव᭫यकताᲐ की पूितᭅ कर ली गई, तब आवेदक को िकसी अ᭭थायी
आधार पर िकसी िलयिरंग सद᭭य मᱶ शािमल िकया जा सकता है। अ᭭थायी सद᭭यता की मंजूरी के िलए आवेदक को
िलयिरंग सद᭭यता के कोई िवशेषािधकार तथा अिधकार नहᱭ ᮧा᳙ हᲂगे।
7.6
संब ᮧािधकार अपने परम िवशेषािधकार पर िलयिरंग कॉपᲃरेशन या िलयिरंग कॉपᲃरेशन के िकसी िवशेष िलयिरंग खंड
की सद᭭यता हेतु िकसी सद᭭यता आवेदक को ठुकरा सकता है िजसके िलए उसे िकसी ᮧकार के कारण बताने या सूिचत करने
की आव᭫यकता नहᱭ होगी।
7.7
यिद िकसी कारण से आवेदन को ठुकरा िदया जाता है जैसा िक पारा (7.6) मᱶ विणᭅत है, तो यिद कोई आवेदन शु᭨क या ᮧवेश
शु᭨क, जैसी भी ि᭭थित हो, या उसका कोई िह᭭सा हो िजसे संब ᮧािधकार ᳇ारा तय िकया गया हो तो उसके िववेकािधकार
पर उसे आवेदक को िबना ᭣याज भुगतान के वापस िकया जा सकता है।
7.8
संब ᮧािधकार िलयिरंग सद᭭यता के ᮧवेश की ितिथ से समय-समय पर िकसी िलयिरंग सद᭭य या िकसी खास िलयिरंग
खंड से सद᭭यता को वापस कर सकता है तथा/या उसे िन᭬कािसत कर सकता है, यिद उसे उसके आवेदन के समय मᱶ या उस
समय पर या उसके ᮧवेश से पूवᭅ संब ᮧािधकार ᳇ारा की गई पूछताछ के ᮓम मᱶ:
a.
उसने िकसी जानबूझ कर कोई गलतबयानी की हो; या
b.
अपने चिरᮢ या पूवᭅवृᱫ के िलए आव᭫यक िकसी वा᭭तिवक आव᭫यक सूचना को दबाया हो; अथवा
c.
उसने ᮧ᭜यᭃ या अᮧ᭜यᭃ ᱨप से गलत िववरण िदया हो अथवा सूचना दी हो अथवा कोई गलत घोषणा की हो।
7.9
सद᭭यता का ह᭭तांतरण
7.9.1
सद᭭यता मंजूरी िलयिरंग कॉपᲃरेशन के एक सद᭭य के ᱨप मᱶ कोई ᭭वािम᭜व अिधकार ᮧदान नहᱭ करती है और
उपरोᲦ के अलावा ह᭭तांतरणीय या संचरणीय नहᱭ होगा।
7.9.2
संब ᮧािधकार जैसा समय-समय पर विणᭅत कर सकता है उन िनयम व शतᲄ के अधीन तथा संब ᮧािधकार की
पूवᭅ िलिखत मंजूरी के तहत, िलयिरंग सद᭭यता िन᳜िलिखत तरीके से ᮧभािवत हो सकती है:
a.
इन िनयमᲂ के तहत नामांकन ᳇ारा;
b.
िकसी िलयिरंग सद᭭य कंपनी के एकीकरण या िवलय ᳇ारा;
c.
िकसी िलयिरंग सद᭭य कंपनी के अिधᮕहण ᳇ारा;
d.
िलयिरंग सद᭭य फमᭅ की िलयिरंग सद᭭यता को िकसी नए फमᭅ को ह᭭तांतिरत कर, िजसमᱶ सभी मौजूदा
साझेदार साझेदार न हो; तथा
e.
दो या दो से अिधक िलयिरंग सद᭭यᲂ/िलयिरंग सद᭭य फमᭅ के साथ आकर एक नए साझेदारी फमᭅ/कंपनी के
िनमाᭅण ᳇ारा।
7.9.3
एक िलयिरंग सद᭭य या उसका उᱫरािधकार िलयिरंग सद᭭यता के िलए एक नामांकन संप᳖ कर सकता है।
िकसी िलयिरंग सद᭭य या उसके िकसी उᱫरािधकारी (उᱫरािधकािरयᲂ) ᳇ारा ᮧ᭭तुत नामांकन िन᳜िलिखत शतᲄ
के अधीन होगा, जो इस ᮧकार होगा;
a.
नािमित (एकािधक) िकसी भी समय, जब नामांकन ᮧभावी हो जाए, वह ᳞िᲦ बन जाएगा जो िलयिरंग
कॉपᲃरेशन के िलयिरंग सद᭭य (सद᭭यᲂ) के ᱨप मᱶ ᮧवेश पाने के िलए योय होगा;
b.
नािमित (एकािधक) संब ᮧािधकार को अपने/उनके नामांकन की अपनी/उनकी बेशतᭅ तथा अᮧितसंहरणीय
᭭वीकृित देगा;
c.
एक िलयिरंग सद᭭य लागू उᱫरािधकार कानूनᲂ के अनुᱨप अपना एक या एकािधक उᱫरािधकारी
(एकािधक) नािमत करेगा। यिद िलयिरंग सद᭭य का कोई उᱫरािधकार (एकािधक) िलयिरंग सद᭭यता को
जारी रखने की मंशा रखता हो, तब िलयिरंग सद᭭यता उसके उᱫरािधकार (उᱫरािधकािरयᲂ) के अलावा
िकसी ᳞िᲦ (᳞िᲦयᲂ) को नािमत कर सकता है;
d.
यिद िलयिरंग सद᭭य ने िकसी ᳞िᲦ को नािमत न िकया हो तथा शारीिरक िवकलांगता के आधार पर
िलयिरंग कॉपᲃरेशन के िलयिरंग खंड (खंडᲂ) मᱶ कारोबार जारी करने के िलए अयोय हो, तब िलयिरंग
सद᭭य छह महीने की अविध के भीतर, उपरोᲦ उप-बंध (c) के ᮧावधानᲂ के अनुसार एक नामांकन संप᳖
कर सकता है;
e.
यिद िलयिरंग सद᭭य ने िकसी ᳞िᲦ को नािमत न िकया हो, तब िलयिरंग सद᭭य का उᱫरािधकारी
(एकािधक) िलयिरंग सद᭭य की मृ᭜यु की ितिथ से छह महीने के भीतर खुद के बीच से एक या अिधक
᳞िᲦयᲂ को नािमत कर सकता है;
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[PART IV
f.
यिद िलयिरंग सद᭭य का नामांकन ऐसा हो िक उस समय जब नामांकन ᮧभावी हो जाता, इससे संब
ᮧािधकार ᮧभािवत न हो सकता हो, तब ऐसे िलयिरंग सद᭭य का उᱫरािधकारी (एकािधक) नामांकन के
ᮧभािवत हो जाने की ितिथ से छ महीने के भीतर िकसी अ᭠य ᳞िᲦ (᳞िᲦयᲂ) को नािमत कर सकता है;
g.
यिद िलयिरंग सद᭭य या उᱫरािधकारी (एकािधक) ᳇ारा एक ᳞िᲦ (᳞िᲦयᲂ) को नािमत िकया जाता हो,
तब ऐसे नािमत ᳞िᲦ (᳞िᲦयᲂ) को िलयिरंग सद᭭यता को जारी रखने के िलए एक कंपनी का गठन
करना होगा;
h.
िलयिरंग सद᭭य या उᱫरािधकारी (एकािधक) ᳇ारा संप᳖ िकसी नामांकन को संब ᮧािधकार की पूवᭅ
िलिखत ᭭वीकृित के साथ र िकया जा सकता है और यह समय-समय पर संब ᮧािधकार ᳇ारा विणᭅत ऐसे
िनयम व शतᲄ के अधीन होगा। तथा
i.
िकसी िलयिरंग सद᭭य ᳇ारा संप᳖ नामांकन की ि᭭थित मᱶ नामांकन उसकी मृ᭜यु या शारीिरक िवकलांगता
अथवा संब ᮧािधकार ᳇ारा िमली ᭭वीकृित, जो उᱫरवतᱮ हो, की ितिथ से ᮧभावी होगा, और
उᱫरािधकारी (उᱫरािधकािरयᲂ) ᳇ारा िकए नामांकन की ि᭭थित मᱶ ऐसा नामांकन उस ितिथ से ᮧभावी
होगा िजसपर नामांकन िकया गया हो या संब ᮧािधकार ᳇ारा मंजूर ितिथ से ᮧभािवत होगा।
7.9.4
संब ᮧािधकार िन᳜िलिखत पिरि᭭थितयᲂ मᱶ िलयिरंग सद᭭यता के ह᭭तांतरण की भी अनुमित कर सकता है:
a.
िकसी िलयिरंग सद᭭य की मृ᭜यु पर;
b.
यिद संब ᮧािधकार की राय मᱶ शारीिरक िवकलांगता के आधार पर िलयिरंग सद᭭य को िलयिरंग
कॉपᲃरेशन के िलयिरंग खंड (खंडᲂ ) मᱶ कारोबार जारी रखने के िलए अयोय करार िदया जाता हो;
c.
िकसी िलयिरंग सद᭭य कंपनी के एकीकरण या िवलय पर;
d.
िकसी िलयिरंग सद᭭य कंपनी के अिधᮕहण पर; तथा
e.
िकसी िलयिरंग सद᭭य फमᭅ के िकसी साझेदार की मृ᭜यु, उसके ᭜यागपᮢ या उसके ᳇ारा िवघटन और
पुनसᲈरेखन पर, यिद कोई हो, ऐसे फमᭅ मᱶ साझेदारᲂ ᳇ारा या ऐसे फमᭅ मᱶ साझेदारᲂ ᳇ारा तथा िकसी नए फमᭅ
मᱶ बाहर िनकलने वाले साझेदार के नािमित (नािमितयᲂ)/उᱫरािधकारी (उᱫरािधकािरयᲂ) के अलावा, ऐसी
मृ᭜यु या ᭜यागपᮢ या िवघटन की नोिटस की ितिथ से छह महीनᲂ के भीतर।
7.9.5
संब ᮧािधकार, ह᭭तांतरण संप᳖ करने के दौरान, समय-समय पर ऐसे ह᭭तांतरण शु᭨क का सुझाव दे सकता है,
िजसे वह िन᳜िलिखत पिरि᭭थितयᲂ मᱶ उिचत मानता हो,
a.
ᮧयो᭔य कानूनᲂ के तहत उᱫरािधकािरयᲂ के अलावा िकसी ᳞िᲦ के एक िलयिरंग सद᭭य ᳇ारा नामांकन;
b.
िकसी िलयिरंग सद᭭य के उᱫरािधकारी (उᱫरािधकािरयᲂ) ᳇ारा नामांकन, यिद नािमती (एकािधक)
उᱫरािधकािरयᲂ के बीच का नािमित न हो;
c.
िकसी िलयिरंग सद᭭य कंपनी का िकसी नॉन-िलयिरंग सद᭭य कंपनी के साथ एकीकरण या िवलय के
कारण अिधकतर शेयरधारकᲂ को तथा/या िलयिरंग सद᭭य कंपनी के अिधकतर शेयरधारकᲂ ᳇ारा ᮧबंधन के
िनयंᮢण को नुकसान पᱟंचता हो;
d.
िकसी िलयिरंग सद᭭य कंपनी का िकसी नॉन-िलयिरंग सद᭭य (सद᭭यᲂ) ᳇ारा अिधᮕहण के कारण
अिधकतर शेयरधारकᲂ को तथा/या िलयिरंग सद᭭य कंपनी के अिधकतर शेयरधारकᲂ ᳇ारा ᮧबंधन के
िनयंᮢण को नुकसान पᱟंचता हो; तथा
e.
उपबंध (7.9.4) के उपोपबंध (e) की ि᭭थित मᱶ, यिद बाहर िनकलने वाले साझेदार के नािमित
(नािमितयᲂ)/उᱫरािधकारी (उᱫरािधकािरयᲂ) के अलावा अ᭠य ᳞िᲦ (᳞िᲦयᲂ) के पास नए फमᭅ की पूंजी
मᱶ कम से कम 51% की िह᭭सेदारी हो।
᭭प᳥ीकरण I
उपरोᲦ उपोपबंधᲂ (c) तथा (d) के उे᭫य से, "बᱟमत शेयर धारण के नुकसान” का अथᭅ एक ऐसा
शेयरधारक या शेयरधारकᲂ का एक समूह है िजसके पास िलयिरंग सद᭭य कंपनी मᱶ 51% या उससे अिधक
शेयर / िहत हो और िलयिरंग सद᭭य कंपनी या एकीकृत कंपनी मᱶ 51% से कम शेयर हो जाए, जो गैर-
िलयिरंग सद᭭य कंपनी के साथ िलयिरंग सद᭭य कंपनी के एकीकरण पर िलयिरंग सद᭭यता अिधᮕिहत
कर लेगी।
᭭प᳥ीकरण II
उपरोᲦ उपोपबंधᲂ (c) तथा (d) के उे᭫य से, "ᮧबंधन मᱶ िनयंᮢण के नुकसान” का अथᭅ अिधकतर िनदेशकᲂ
की िनयुिᲦ या िजसमᱶ उनके शेयरधारण या ᮧबंधन अिधकारᲂ अथवा शेयरधारण समझौते अथवा वोिटंग
समझौते या िकसी अ᭠य तरीके समेत ᮧबंधन के िनयंᮢण या एकल ᱨप से या समूह मᱶ, ᮧ᭜यᭃ ᱨप से अᮧ᭜यᭃ
ᱨप से काम करने वाले ᳞िᲦ तथा ᳞िᲦयᲂ ᳇ारा इ᭭तेमाल िकए जाने योय नीित फैसला के अिधकार की
हािन।
PART IV]
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7.9.6
7.9.5 के उपबंधᲂ (b) से (e) के उे᭫य से, 'िलयिरंग सद᭭य’ का अथᭅ लागू होने की सीमा तक होगा, िकसी
िलयिरंग सद᭭य फमᭅ का कोई साझेदार या िकसी िलयिरंग सद᭭य कंपनी का िकसी शेयरधारक। उᱫरािधकार
(एकािधक) का अथᭅ होगा ᮧयो᭔य सीमा तक- िकसी िलयिरंग सद᭭य फमᭅ के िकसी साझेदार का उᱫरािधकारी
(एकािधक) या िकसी िलयिरंग सद᭭य कंपनी के िकसी शेयरधारक का कोई उᱫरािधकार।
7.9.7
उपबंधᲂ (7.9.2) से (7.9.6) के उे᭫य से, 'िलयिरंग सद᭭य’ का अथᭅ लागू होने की सीमा तक होगा, िकसी
िलयिरंग सद᭭य फमᭅ का कोई साझेदार या िकसी िलयिरंग सद᭭य कंपनी का िकसी शेयरधारक। उᱫरािधकार
(एकािधक) का अथᭅ होगा ᮧयो᭔य सीमा तक- िकसी िलयिरंग सद᭭य फमᭅ के िकसी साझेदार का उᱫरािधकारी
(एकािधक) या िकसी िलयिरंग सद᭭य कंपनी के िकसी शेयरधारक का कोई उᱫरािधकार।
7.9.8
इन िनयमᲂ के िक᭠हᱭ अ᭠य ᮧावधान के ᮧित पूवाᭅᮕह के िबना, िलयिरंग सद᭭यता को उस अविध तक के िलए
िनलंिबत िकया जा सकता है, िजसे संब ᮧािधकार िन᳜िलिखत पिरि᭭थितयᲂ मᱶ उिचत मान सकता है:
a.
एकल िलयिरंग सद᭭य या िकसी िलयिरंग सद᭭य फमᭅ के िकसी साझेदार या िकसी िलयिरंग सद᭭य
कंपनी के िकसी शेयरधारक को, संब ᮧािधकार की राय मᱶ शारीिरक िवकलांगता के मेनजर अपने
कारोबार को जारी रखने मᱶ अयोय माना जाए;
b.
एकल िलयिरंग सद᭭य या िकसी िलयिरंग सद᭭य फमᭅ के िकसी साझेदार के मानिसक ᱨप से िवकलांग हो
जाने पर, बशतᱷ िक उसके पास साझेदार के लाभ और हािन मᱶ कम से कम 51% का शेयर हो और उसे ऐसे
फमᭅ की पूंजी मᱶ या िकसी िलयिरंग सद᭭य कंपनी के शेयरधारक के ᱨप मᱶ कम से कम 51% की िह᭭सेदारी
हो, बशतᱷ िक वह शेयरधारक ऐसे िलयिरंग सद᭭य कंपनी मᱶ एक बᱟमत शेयरधारक हो;
c.
िकसी एकल िलयिरंग सद᭭य या िकसी िलयिरंग सद᭭य फमᭅ के िकसी साझेदार की मृ᭜यु पर, बशतᱷ िक उस
साझेदार के पास फमᭅ की लाभ और हािन मᱶ कम से कम 51% का शेयर हो और/या उसे ऐसे फमᭅ की पूंजी मᱶ
या िकसी िलयिरंग सद᭭य कंपनी के शेयरधारक के ᱨप मᱶ कम से कम 51% की िह᭭सेदारी हो, बशतᱷ िक
वह शेयरधारक ऐसे िलयिरंग सद᭭य कंपनी मᱶ एक बᱟमत शेयरधारक हो और उस अविध के छह महीने के
भीतर िजसमᱶ ऐसे एकल िलयिरंग सद᭭य साझेदार या शेयरधारक के ऐसे उᱫरािधकारी (एकािधक) ऐसे
मृत एकल िलयिरंग सद᭭य या साझेदार या शेयरधारक की िह᭭सेदारी/शेयरᲂ पर अिधᮕहण करने के िलए
᳞िᲦ (᳞िᲦयᲂ) को नािमत कर सकता है;
d.
िकसी िलयिरंग फमᭅ के िवघटन पर और उपोपबंध (c) मᱶ विणᭅत अनुसार छह महीने की अविध के दौरान;
e.
और िकसी िलयिरंग सद᭭य फमᭅ या िलयिरंग सद᭭य कंपनी के ᮧबंधन मᱶ िकसी गितरोध के उ᭜प᳖ होने
पर, जो संब ᮧािधकार की राय मᱶ अपने कारोबार को जारी रखने की ऐसे िलयिरंग सद᭭य फमᭅ या
िलयिरंग सद᭭य कंपनी की ᭃमता को ᮧभािवत करेगी। इस उपोपबंध के तहत िनलंिबत िकए जाने से पहले
िलयिरंग सद᭭य के पास संब ᮧािधकार के समᭃ ᮧितिनिध के िलए एक अवसर पाने का अिधकार होगा,
पर संब ᮧािधकार का िनणᭅय अंितम माना जाएगा।
᳞ाया I
इस उपोपबंध के उे᭫य से "ᮧबंधन मᱶ गितरोध” का अथᭅ है एक ऐसी ि᭭थित पैदा होना िजसमᱶ िलयिरंग फमᭅ
के साझेदारᲂ के बीच अथवा िकसी िलयिरंग सद᭭य कंपनी के िनदेशकᲂ/शेयरधारकᲂ के बीच भरोसे की कमी
हो जाए, जो संब ᮧािधकार की राय मᱶ िलयिरंग सद᭭य फमᭅ या िलयिरंग सद᭭य कंपनी ᳇ारा कारोबार
संचालन को ᮧभािवत करेगा या ᮧभािवत करने की संभावना हो, या िकसी िलयिरंग सद᭭य कंपनी के
िनदेशकᲂ तथा साझेदारᲂ की बैठक मᱶ वोट समानता की ि᭭थित बन जाए।
7.9.9
इन िनयमᲂ के अ᭠य ᮧावधानᲂ के ᮧित पूवाᭅᮕह के िबना, संब ᮧािधकार ᳇ारा िलयिरंग सद᭭यता को तब समा᳙
िकया जा सकता है, यिद संब ᮧािधकार की संतुि᳥ के अनुᱨप छह महीनᲂ की उᲦ अविध के भीतर, कोई
᭭वीकायᭅ नामांकन या पुनसᲈरेखन न होता हो, जैसी भी ि᭭थित बने।
7.9.10
िकसी िलयिरंग सद᭭य फमᭅ का नािमित (एकािधक), उᱫरािधकारी (एकािधक) साझेदार या कोई अ᭠य ᳞िᲦ,
जैसी भी ि᭭थित बने, के पास उपरोᲦ उपोपबंध (7.9.9) के तहत समा᳙ िकए जाने से पहले संब ᮧािधकार के
समᭃ ᮧितिनिध के िलए एक अवसर पाने का अिधकार होगा, पर संब ᮧािधकार का िनणᭅय अंितम माना
जाएगा।
7.9.11
िलयिरंग सद᭭य की कानूनी दजᱷ का ᱨपांतरण
संब ᮧािधकार जैसा समय-समय पर विणᭅत कर सकता है उन िनयम व शतᲄ के अधीन तथा संब ᮧािधकार की
पूवᭅ िलिखत मंजूरी से पूवᭅ, िकसी िलयिरंग सद᭭य के कानूनी दजᱷ का ᱨपांतरण िन᳜िलिखत तरीके से ᮧभािवत
हो सकती है:
i.
िकसी एकल िलयिरंग सद᭭य का एक साझेदारी फमᭅ/कंपनी मᱶ ᱨपातरण ᳇ारा।
ii.
कंपनी मᱶ िकसी िलयिरंग सद᭭य का एक फमᭅ मᱶ ᱨपांतरण ᳇ारा।
iii.
ऐसा कोई ᱨपांतरण िजसे संब ᮧािधकार उिचत मानता हो।
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[PART IV
7.9.12
संब ᮧािधकार िलयिरंग सद᭭य के कानूनी दजᱷ के ᱨपांतरण की अनुमित िन᳜िलिखत पिरि᭭थितयᲂ मᱶ दे सकता
है:
a.
उपबंध (7.9.11) के उपोपबंध (i) की ि᭭थित मᱶ, एकल िलयिरंग सद᭭य के पास साझेदारी फमᭅ के लाभ और
हािन मᱶ कम से कम 51% का शेयर हो और वह आगे भी जारी हो, उसकी ऐसे फमᭅ की पूंजी मᱶ तथा/या उस
कंपनी मᱶ कम से कम 51% की िह᭭सेदारी/िहत हो, या कंपनी के शेयर धारण/िहत मᱶ 51% की िह᭭सेदारी
हो, जो िलयिरंग कॉपᲃरेशन की िलयिरंग सद᭭यता का अिधᮕहण करेगी।
b.
उपबंध (7.9.11) के उपोपबंध (ii) की ि᭭थित मᱶ, लाभ और हािन मᱶ कम से कम 51% का शेयर रखने वाला
साझेदार और/या उसे िलयिरंग सद᭭य फमᭅ की पूंजी मᱶ कम से कम 51% की िह᭭सेदारी हो, और उस कंपनी
मᱶ आगे भी कम से कम 51% की िह᭭सेदारी/िहत बना रहता हो, जो िलयिरंग कॉपᲃरेशन की िलयिरंग
सद᭭यता का अिधᮕहण करेगी।
7.10
िनयम 7.9 मᱶ मौजूद िकसी िवषय के बावजूद संब ᮧािधकार अपने परम िववेकािधकार मᱶ एक या एकािधक िलयिरंग सद᭭यता का
एक या एकािधक िलयिरंग खंडᲂ मᱶ और उससे िकसी ᳞िᲦ या ᮧित᳧ान मᱶ ह᭭तांतरण की अनुमित दे सकता है, जो संब ᮧािधकार
᳇ारा समय-समय पर विणᭅत िनयम व शतᲄ के अधीन उसके परम िववेकािधकार से संचािलत होगा।
7.11
एक िलयिरंग सद᭭य अपनी सद᭭यता के अिधकारᲂ या िकसी अिधकारᲂ अथवा िवशेषािधकारᲂ को न ही िकसी को सᲅपेगा, बंधक रखेगा,
िगरवी रखेगा, उपᮧाधीयन करेगा अथवा उनकी िज᭥मेदारी सᲅपेगा, न ही उसके पास ऐसे अिधकारᲂ तथा िवशेषािधकारᲂ के संदभᭅ मᱶ
लाइसᱶस देने या मुतारनामा मंजूर करने का अिधकार होगा और ऐसे िकसी सुपुदगी, बंधक रखने, िगरवी रखने, उपᮧाधीयन करने
अथवा उनकी िज᭥मेदारी देने का ᮧयास िलयिरंग कॉपᲃरेशन के िवᱧ िकसी भी उे᭫य से ᮧभावी नहᱭ होगा, न ही िलयिरंग सद᭭य मᱶ
िनिहत िनजी अिधकार या िहत के अलावा िकसी िलयिरंग सद᭭याता मᱶ िकसी अिधकार या िहत को िलयिरंग कॉपᲃरेशन ᳇ारा मा᭠यता
दी जाएगी। संब ᮧािधकार िकसी िलयिरंग कॉपᲃरेशन के उस िलयिरंग सद᭭य को िनलंिबत कर सकता है, जो इस िनयम के उ᭨लंघन
वाला कायᭅ करता है या उसका ᮧयास करता है अथवा उसके िखलाफ संब ᮧािधकार अपने िववेक से कोई अनुशासना᭜मक कायᭅवाही कर
सकता है।
7.12
सद᭭यता का ह᭭तांतरण:
िलयिरंग कॉपᲃरेशन, िविनयमᲂ, के जिरए या तो िलयिरंग सद᭭यता के एक या एकािधक िलयिरंग खंडᲂ से अथवा िकसी िलयिरंग
कॉपᲃरेशन से सद᭭यता के ह᭭तांतरण के पिर᭜याग हेतु िनयम व शतᭅ ᮧदान कर सकता है।
7.13
िलयिरंग कॉपᲃरेशन की सद᭭यता को जारी रखने के िलए शतᲄ का िनधाᭅरण कर सकता है
7.13.1
िलयिरंग सद᭭य िनयमᲂ, उप-िनयमᲂ तथा िविनयमᲂ का अनुपालन करेगा तथा संब ᮧािधकार ᳇ारा जारी पिरचालना᭜मक
मानदंडᲂ, फैसलᲂ, नोिटसᲂ व सकुᭅलरᲂ, िदशा-िनदᱷशᲂ तथा िनदᱷशᲂ का पालन करेगा।
7.13.2
िलयिरंग कॉपᲃरेशन के िलयिरंग खंड के संगत िविभ᳖ ᮝेिडंग सेमᱶ᭗स के संदभᭅ मᱶ संब एसचᱶजᲂ के ᮝेिडंग ᭡लैटफॉमᭅ पर
ᮧितभूितयᲂ मᱶ संप᳖ सभी सौदᲂ को, िलयिरंग कॉपᲃरेशन के िनयमᲂ, उप-िनयमᲂ तथा िविनयमᲂ के अधीन संब एसचᱶजᲂ
को अिधसूिचत िकया जाता है।
7.13.3
िलयिरंग सद᭭य, उन ᭭वᱨपᲂ मᱶ ऐसे मामलᲂ से जुड़ी घोषणाएं, वचनपᮢ, पुि᳥पᮢ तथा ऐसे द᭭तावेज़ व कागजात देगा,
िज᭠हᱶ समय-समय पर संब ᮧािधकार ᳇ारा िनधाᭅिरत िकया जाता हो।
7.13.4
िलयिरंग सद᭭य, िलयिरंग खंडवार तरीके से िनधाᭅिरत समय के भीतर िलयिरंग कॉपᲃरेशन को वािषᭅक लेखापरीᭃक
ᮧमाणपᮢ सᲅपेगा, जो बताएगा िक संब ᮧािधकार ᳇ारा उनके पिरचालनᲂ से जुड़े समय-समय पर विणᭅत आव᭫यकताᲐ का
पालन िकया गया है।
7.13.5
िलयिरंग सद᭭य, अपने पिरचालनᲂ से जुड़ी ऐसी सूचनाएं तथा साविधक िरटनᭅ सᲅपᱶगा िज᭠हᱶ समय-समय पर संब
ᮧािधकार ᳇ारा िनधाᭅिरत िकया जाता हो।
7.13.6
िलयिरंग सद᭭य, िलयिरंग कॉपᲃरेशन को ऐसे लेखापरीिᭃत तथा/या अपरीिᭃत िवᱫीय या गुणा᭜मक सूचना व िववरण
ऐसे तरीके से ᮧदान करेगा, िज᭠हᱶ समय-समय पर संब ᮧािधकार ᳇ारा िनधाᭅिरत िकया जाता हो।
7.13.7
िलयिरंग सद᭭य ऐसी आव᭫यकताᲐ का पालन करेगा िज᭠हᱶ समय-समय पर िलयिरंग सद᭭यᲂ के ᱨप मᱶ उनकी
गितिविधयᲂ के संदभᭅ मᱶ ᭄ापन, पुि᭭तकाᲐ तथा सकुᭅलरᲂ को जारी करने के बारे मᱶ संब ᮧािधकार ᳇ारा िविनदᱷिशत िकया
जाता हो।
7.13.8
िलयिरंग सद᭭य पूणᭅ सहयोग ᮧदान करेगा और ऐसी सूचना व िववेचना को ऐसे तरीके मᱶ ᮧ᭭तुत करेगा जो संब ᮧािधकार
᳇ारा या िलयिरंग कॉपᲃरेशन के अिधकृत सद᭭य ᳇ारा िनरीᭃण या लेखा परीᭃण के िलए या िकसी सौदे, िनपटारे,
अकाउंिटंग तथा/या अ᭠य संब मामलᲂ के िलए विणᭅत िकया जाता हो।
7.14
िलयिरंग सद᭭य का दजाᭅ : साझेदारी फमᭅ
7.14.1
कोई िलयिरंग सद᭭य एक पाटᭅनरिशप िनिमᭅत करेगा या िकसी मौजूदा साझेदारी के साथ एक नए साझेदार को ᭭वीकृत
करेगा या संब ᮧािधकार को िबना सूचना िदए तथा उसकी पूवᭅ अनुमित के िबना िकसी उस तरीके से िकसी मौजूदा
साझेदारी के नाम मᱶ कोई पिरवतᭅन करेगा, िजसे समय-समय पर संब ᮧािधकार िनधाᭅिरत कर सकता है; इन आव᭫यकताᲐ
PART IV]
THE GAZETTE OF INDIA, JUNE 17, 2017 (JYAISTHA 27, 1939)
1221
मᱶ शािमल हᲂगे- जमारािशयां, घोषणापᮢ, गारंटीज तथा अ᭠य शतᱷ िज᭠हᱶ सभी पᭃᲂ ᳇ारा पूरा िकया जाता है और उनके िलए
बा᭟यकारी हᲂगी।
7.14.2
कोई िलयिरंग सद᭭य िकसी भी समय एक से अिधक उस साझेदारी फमᭅ का साझेदार नहᱭ बनेगा जो िलयिरंग कॉपᲃरेशन
का एक िलयिरंग सद᭭य हो।
7.14.3
कोई िलयिरंग सद᭭य जो िकसी साझेदारी फमᭅ मᱶ एक साझेदार हो, ऐसे साझेदार फमᭅ मᱶ अपनी िहत सᲅपेगा या धािरत
करेगा।
7.14.4
साझेदार फमᭅ ऐसे ᮧािधकारᲂ के साथ रिज᭭टर करेगा जो संब कानूनᲂ के तहत आव᭫यक हो और ऐसे पंजीकरण का ᮧमाण
िलयिरंग कॉपᲃरेशन को ᮧ᭭तुत करेगा।
7.14.5
फमᭅ के साझेदार केवल फमᭅ के अकाउंट पर साझेदारी फमᭅ के नाम से संयुᲦ ᱨप से कारोबार करेगा। िकसी एकल या िवशेष
साझेदार या साझेदारᲂ के समूह के पास कोई अिधकार या िवशेषािधकार नहᱭ होगा, जो उनके साझेदारी फमᭅ से ᭭वतंᮢ हो।
7.14.6
साझेदारी फमᭅ के साझेदारᲂ को िलयिरंग कॉपᲃरेशन के साथ सभी साझेदारᲂ या जीिवत साझेदारᲂ के ह᭭ताᭃर के साथ ऐसे
साझेदारी के शतᲄ या िकसी साझेदार अथवा साझेदारᲂ के िवघटन या सेवािनवृिᱫ अथवा मृ᭜यु की सूचना िलिखत मᱶ दी
जाएगी।
7.14.7
िकसी साझेदारी के िवघटन के बारे मᱶ िलयिरंग कॉपᲃरेशन को सूिचत करने मᱶ शािमल होगा, एक िववरण िक िवघिटत
साझेदारी फमᭅ की सभी बकाया संिवदाᲐ तथा देनदािरयᲂ का िनपटारा कौन करेगा, उससे ऐसी बकाया संिवदाᲐ तथा
देनदािरयᲂ के िलए अ᭠य साझेदार या साझेदारᲂ को उसकी या उनकी िज᭥मेदािरयᲂ के िलए दोषमुᲦ नहᱭ माना जाएगा।
7.15
सद᭭यता की समाि᳙
7.15.1
एक िलयिरंग सद᭭य तब सद᭭य नहᱭ रह जाएगा जब िन᳜िलिखत मᱶ से एक या एकािधक लागू होता हो:
a.
᭜यागपᮢ तथा/या पिर᭜याग ᳇ारा;
b.
मृ᭜यु ᳇ारा;
c.
उप-िनयमᲂ, िनयमᲂ तथा िविनयमᲂ मᱶ विणᭅत ᮧावधानᲂ के अनुᱨप िन᭬कासन ᳇ारा;
d.
उप-िनयमᲂ, िनयमᲂ तथा िविनयमᲂ के अनुᱨप िडफॉ᭨टर घोिषत िकए जाने पर;
e.
साझेदारी फमᭅ की ि᭭थित मᱶ िवघटन ᳇ारा;
f.
िकसी िलिमटेड कंपनी की ि᭭थित मᱶ बंद होने या िवघटन होने की ि᭭थित पर;
7.15.2
िलयिरंग सद᭭यता का समापन िकसी भी तरीके से िलयिरंग सद᭭य को ऐसे समापन से पूवᭅ िलयिरंग सद᭭य ᳇ारा िकसी
उᱫरदािय᭜वᲂ तथा देनदािरयᲂ से दोषमुᲦ करेगा।
7.16
᭜यागपᮢ
7.16.1
एक िलयिरंग सद᭭य जो िलयिरंग कॉपᲃरेशन की िलयिरंग सद᭭यता से पूणᭅ ᱨप से या एक या एकािधक िलयिरंग खंडᲂ
से ᭜यागपᮢ देने की मंशा रखता है, तो वह िलयिरंग कॉपᲃरेशन को उस आशय की एक िलिखत नोिटस सᲅपेगा।
7.16.2
कोई अ᭠य िलयिरंग सद᭭य जो ऐसे सद᭭य के ᭜यागपᮢ पर आपिᱫ जताता हो, वह िलिखत ᮧािधकार को उस अविध मᱶ
िलिखत पᮢ ᳇ारा अपनी आपिᱫ का कारण बताएगा िजस अविध का समय-समय पर संब ᮧािधकार ᳇ारा िनधाᭅिरत िकया
जाता हो।
7.16.3
संब ᮧािधकार िलयिरंग कॉपᲃरेशन से िलयिरंग सद᭭य के ᭜यागपᮢ को पूणᭅ ᱨप से या एक या एकािधक िलयिरंग खंडᲂ
से या तो िबनाशतᭅ अथवा ऐसी शतᲄ पर ᭭वीकार कर सकता है, िजसे यह उिचत मानता हो अथवा ऐसे ᭜यागपᮢ को लेने से
अ᭭वीकार भी कर सकता है, तबतक िक इस बात का भरोसा न हो जाए िक ऐसे िलयिरंग सद᭭य के साथ िकए सभी बकाया
ysunsuksa को िनपटा न िलया जाए।
7.17
मृ᭜यु
7.17.1
िलयिरंग सद᭭य की मृ᭜यु पर, उसका कानूनी ᮧितिनिध तथा अिधकृत ᮧितिनिध, यिद कोई हो, ऐसे मामले की सूचना संब
ᮧािधकार को िलिखत मᱶ तुरंत देगा और उस िलयिरंग सद᭭य की सभी आगामी गितिविधयां तुरंत समा᳙ हो जाएंगे, हालांिक
वे दािय᭜व इसका अपवाद हᲂगी िज᭠हᱶ उसे उसकी मृ᭜यु से पूवᭅ सᲅपा गया हो।
7.17.2
िकसी एकल सद᭭य के मृ᭜यु पर िकसी िलयिरंग सद᭭य के िलयिरंग खंड (खंडᲂ) की सद᭭यता की समाि᳙ की ि᭭थित मᱶ,
िलयिरंग कॉपᲃरेशन िजसके साथ सुरᭃा जमा, अ᭠य धनरािशयां, कोई अितिरᲦ जमारािशयां नकद के ᱨप मᱶ, बᱹक गारंटी,
ᮧितभूितयᲂ या अ᭠य ᭭वᱨप मᱶ रखी गई हो, या कोई अ᭠य ᮧितभूितयां िनिहत हᲂ, तो ऐसे मृत सद᭭य के केवल बकाए तथा
देनदािरयᲂ को उसकी जमाᲐ से काट लेगा और इसके िलए ऐसे तरीके का इ᭭तेमाल करेगा िजसका संब ᮧािधकार समय-
समय पर सुझाव दे सकता है।
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[PART IV
7.18
शु᭨कᲂ के भुगतान मᱶ िवफल होना
उप-िनयमᲂ, िनयमᲂ तथा िविनयमᲂ मᱶ अ᭠य तरीके से विणᭅत होने की ि᭭थित मᱶ, यिद कोई सद᭭य अपने वािषᭅक स᭣सिᮓ᭡शन, शु᭨क, जमा
या कोर सेटलमᱶट गारंटी फंड (फंडᲂ), जुमाᭅनᲂ, दंडᲂ, अ᭠य शु᭨कᲂ अथवा अ᭠य धनरािशयᲂ के भुगतान मᱶ िवफल रहता हो, जो िलयिरंग
कॉपᲃरेशन ᳇ारा उसके िलए उस समयाविध मᱶ देय हो िजसका वणᭅन िलयिरंग कॉपᲃरेशन ᳇ारा उसे िलिखत मᱶ एक नोिटस भेज कर
िकया हो तो उसे तबतक संब ᮧािधकार ᳇ारा िनलंिबत िकया जा सकता है, जबतक िक वह भुगतान पूरा न कर दᱶ और समय-समय पर
विणᭅत एक अगली समयाविध के भीतर, वह ऐसे भुगतान मᱶ िवफल रहता है, उसे िडफॉ᭨टर घोिषत िकया जा सकता है, या संब
ᮧािधकार ᳇ारा िलयिरंग कॉपᲃरेशन की सद᭭यता से िन᭬कािसत िकया जा सकता है।
7.19
िनरंतर ᮧवेश
संब ᮧािधकार समय-समय पर िलयिरंग सद᭭यता के िनरंतर ᮧवेश हेतु शतᲄ तथा आव᭫यकताᲐ का सुझाव देगा, िजसमᱶ जमारािशयᲂ
का रखरखाव या कोर सेटलमᱶट गारंटी फंड के िलए योगदान रािश, ᭠यूनतम सकल मू᭨य व पूंजी पयाᭅ᳙ता शािमल हᲂगे। िकसी ऐसे सद᭭य
की िलयिरंग सद᭭यता जो इन आव᭫यकताᲐ को पूरा करने मᱶ िवफल रहता है, समा᳙ होने की पाᮢता रखेगा।
7.20
िडफॉ᭨टसᭅ का पुनᮧᭅवेश
7.20.1
िलयिरंग कॉपᲃरेशन की सद᭭यता का िकसी िलयिरंग सद᭭य के अिधकार को तुरंत समा᳙ और अवᱧ कर िदया जाएगा
यिद उसे एक िडफॉ᭨टर घोिषत िकया जाता है। वह िलयिरंग सद᭭य िजसे एक िडफॉ᭨टर घोिषत िकया जाता है एक
िलयिरंग सद᭭य के ᱨप मᱶ अपने सभी अिधकारᲂ तथा िवशेषािधकारᲂ को खो बैठेगा, िजसमᱶ शािमल होगा इ᭭तेमाल करने
का कोई ऐसा अिधकार या कोई दावा या िकसी संपिᱫ मᱶ िहत अथवा िलयिरंग कॉपᲃरेशन के िलयिरंग खंड के साथ
िलयिरंग सद᭭य के फंड।
7.20.2
संब ᮧािधकार के पास एक िलयिरंग सद᭭य के ᱨप मᱶ एक िडफॉि᭨टंग सद᭭य को पुनᮧᭅवेश िदलाने का अिधकार सुरिᭃत
रहेगा जो समय-समय पर संब ᮧािधकार ᳇ारा सुझाए ᮧावधानᲂ व िनयम और शतᲄ के अधीन रहेगा।
7.20.3
संब ᮧािधकार केवल उसी िडफॉ᭨टर सद᭭य को पुनᮧᭅवेश िदला सकता है, यिद:
a.
िलयिरंग कॉपᲃरेशन, अ᭠य िलयिरंग सद᭭यᲂ, लाइं᭗स तथा संघटकᲂ के सभी बकायᲂ का भुगतान कर िदया हो;
b.
उसके िखलाफ िकसी अदालत मᱶ िकसी िदवािलयापन की कायᭅवाही न की गई हो या उसे िकसी अदालत ᳇ारा
िदवािलया घोिषत कर िदया गया हो;
c.
िᮧंिसप᭨स के िडफॉ᭨ट से जुड़ी अिनयिमतता की हो िजसे उसने अपनी ᮧितबताᲐ के िलए पयाᭅ᳙ ᱨप से अपेिᭃत
माना हो;
d.
उप-िनयमᲂ, िनयमᲂ तथा िविनयमᲂ को लेकर बुरे िव᳡ास या उ᭨लंघन के िलए दोषी करार न िदया गया हो;
e.
अपने सामाय आचरण मᱶ अिनंदनीय रहा हो और 'उपयुᲦ तथा उिचत’ पाया गया हो।
8.
अनुशासना᭜मक कारᭅवाइयां, जुमाᭅने, िनलंबन तथा िन᭬कासन
8.1
अनुशासना᭜मक ᭠यायािधकार
संब ᮧािधकार िलयिरंग सद᭭य को बाहर िनकाल सकता है या िनलंिबत कर सकता है और/या जुमाᭅने लगा सकता है और/या आᭃेप
लगाते ᱟए जुमाᭅने लगा सकता है और/या चेतावनी दे सकता है और/या सभी या कोई भी सद᭭यता अिधकार वापस ले सकता है यिद वह
िकसी भी उप-िनयमᲂ, िनयमᲂ और िविनयमᲂ के ᮧावधानᲂ या िलयिरंग कॉपᲃरेशन या संब ᮧािधकार या िकसी अ᭠य सिमित या इस
संबंध मᱶ िलयिरंग कॉपᲃरेशन के अिधकृत अिधकारी के िकसी ᭭वीकृत ᮧ᭭तावᲂ, आदेशᲂ, नोिटसᲂ, िनदᱷशᲂ या फैसलᲂ, कारᭅवाइयᲂ या
िबजनेस की िविध का उ᭨लंघन, गैर-अनुपालन, अवहेलना करता है या इसे टालमटोल करता है, िजसे संब ᮧािधकार अपने िववेकानुसार
अपमानजनक, शमᭅनाक या अनुपयुᲦ मानता है या ᭠याय और िन᭬पᭃ िसांतᲂ के साथ असंगत है या िलयिरंग कॉपᲃरेशन के िहतᲂ या
क᭨याण के िलए अिहतकर है या इसके िवषयᲂ और उे᭫यᲂ के िलए हािनकारक या िवनाशकारी है।
8.2
िनयमᲂ, उप-िनयमᲂ और िविनयमᲂ के उ᭨लंघन के िलए दंड
हरेक िलयिरंग सद᭭य िनलंबन, बिह᭬करण या अपने सभी या िकसी भी िलयिरंग सद᭭यता अिधकारᲂ की वापसी और/या जुमाᭅने के
भुगतान और/या दोषी ठहराए जाने, ᮧतािड़त िकए जाने या इन िनयमᲂ, उप-िनयमᲂ और िविनयमᲂ या िलयिरंग कॉपᲃरेशन, ᮧितभूित
संिवदा (िविनयम) अिधिनयम, 1956 और/या इसके अंतगᭅत बने िनयमᲂ, भारतीय ᮧितभूित एवं िविनमय बोडᭅ अिधिनयम 1992
और/या इसके अंतगᭅत बने िनयमᲂ, िनदेशक बोडᭅ, सिमित, ᮧब᭠ध िनदेशक या िलयिरंग कॉपᲃरेशन के िकसी भी अिधकारी के ᭭वीकृत
ᮧ᭭तावᲂ, आदेशᲂ, नोिटसᲂ, िनदᱷशᲂ या फैसलᲂ, कारᭅवाइयᲂ या िबजनेस के उ᭨लंघन, गैर-अनुपालन या जानबूझकर टालमटोल करने के
िलए चेतावनी िदए जाने के िलए िज᭥मेदार होगा या िकसी भी बाधाकारी या धोखाधड़ी वाले लेनदेनᲂ या सौदᲂ या िबजनेस के तरीकᲂ के
िलए उᱫरदायी होगा िजसे िनदेशक बोडᭅ या संब ᮧािधकार अपने एकल िववेवािधकार से िलयिरंग कॉपᲃरेशन का अनुिचत िलयिरंग
सद᭭य मानता है या ᭠याय और िन᭬पᭃ िसांतᲂ के साथ असंगत मानता है।
8.3
कदाचार, गैर-᳞ावसाियक आचरण और गैर-पेशेवर आचरण
िलयिरंग सद᭭य िन᭬कासन या िनलंबन या सभी या िकसी सद᭭यता अिधकार की वापसी और/या जुमाᭅने के भुगतान और/या अथᭅदंड
और/या आᭃेिपत होने, ᮧतािड़त होने के िलए िज᭥मेदार होगा या उसे िकसी कदाचार, ᳞वसाय िवरोधी आचरण या गैर-पेशेवर आचरण
के िलए चेतावनी दी जाएगी जैसा िक उस संदभᭅ मᱶ यहां उ᭨लेख िकया गया है:
PART IV]
THE GAZETTE OF INDIA, JUNE 17, 2017 (JYAISTHA 27, 1939)
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8.3.1
कदाचार मᱶ शािमल:
a.
धोखाधड़ी: यह वह िकसी आपरािधक मामले के िलए आरोपी है या कोई धोखाधड़ी करता है या ऐसा कोई काम करता
है जो संब ᮧािधकार की नज़र मᱶ िलयिरंग सद᭭य बनने के िलए उिचत नहᱭ है;
b.
उ᭨लंघन: यिद उसने इस गितिविधयᲂ, िबजनेस और िलयिरंग कॉपᲃरेशन, िलयिरंग सद᭭य और सामा᭠य ᱨप से
ᮧितभूित िबजनेस के पिरचालनᲂ का संचालन करने वाले िकसी संिवधान का उ᭨लंघन िकया है;
c.
अनुिचत आचरण: संब ᮧािधकार की िवचार मᱶ यिद वह िलयिरंग कॉपᲃरेशन पर अपमानजनक, शमᭅनाक या
उ᭒छृंखल या अनुिचत आचरण या जानबूझकर िलयिरंग कॉपᲃरेशन के ᳞ापार मᱶ बाधा डालने के िलए दोषी है;
d.
िनयमᲂ, उप-िनयमᲂ और िविनयमᲂ का उ᭨लंघनः यिद वह िकसी ऐसे िलयिरंग सद᭭य को िरपोटᭅ करने मᱶ बचाव करता
है या उसकी सहायता करता है या चूक करता है िजसके बारे मᱶ वह जानता है िक उसके इन िनयमᲂ, उप-िनयमᲂ और
िविनयमᲂ या िलयिरंग कॉपᲃरेशन, ᮧितभूित संिवदा (िविनयम) अिधिनयम, 1956 और/या इसके अंतगᭅत बने िनयमᲂ,
भारतीय ᮧितभूित एवं िविनमय बोडᭅ अिधिनयम 1992 और/या इसके अंतगᭅत बने िनयमᲂ का उ᭨लंघन िकया है।
e.
᭭वीकृत ᮧ᭭तावᲂ के अनुपालन मᱶ िवफल होना: यिद वह इन उप-िनयमᲂ, िनयमᲂ और ᭭वीकृत ᮧ᭭तावᲂ के अंतगᭅत संब
ᮧािधकार या िकसी सिमित या िलयिरंग कॉपᲃरेशन के अिधकारी या इस संदभᭅ मᱶ अिधकृत कोई अ᭠य ᳞िᲦ के िकसी
ᮧ᭭ताव, आदेश, नोिटस, िनदᱷश, फैसला या िनयम का अनुपालन नहᱭ करता है या उसके ᮧित िन᳧ा नहᱭ रखता है या
इनकार करता है या ऐसा करने मᱶ िवफल होता है;
f.
म᭟य᭭थता सᲅपने या उसका अनुपालन करने मᱶ िवफलता: यिद वह संब ᮧािधकार या सिमित या इस संदभᭅ मᱶ
िलयिरंग कॉपᲃरेशन के अिधकृत अिधकारी को ऐसे बिहयᲂ, पᮢ-᳞वहारᲂ, द᭭तावेज़ᲂ और कागजातᲂ या इसके संदभᭅ मᱶ
आव᭫यक ᱨप से ᮧ᭭तुत करने वाला कोई भाग या सᲅपने या इसका कोई पाटᭅनर, अटॉनᱮ, एजᱶट, अिधकृत ᮧितिनिध या
कमᭅचारी को संब ᮧािधकार या ऐसी सिमित या िलयिरंग कॉपᲃरेशन या इस संदभᭅ मᱶ अिधकृत अ᭠य ᳞िᲦ को समᭃ
ᮧ᭭तुत करने या ᮧमाण ᮧ᭭तुत करने मᱶ लापरवाही करता है या िवफल होता है या ऐसा करने मᱶ इनकार करता है;
g.
ᮧमाण ᮧ᭭तुत करने या सूचना देने मᱶ िवफलता: यिद वह संब ᮧािधकार या सिमित या इस संदभᭅ मᱶ िलयिरंग
कॉपᲃरेशन के अिधकृत अिधकारी को ऐसे बिहयᲂ, पᮢ-᳞वहारᲂ, द᭭तावेज़ᲂ और कागजातᲂ या इसके संदभᭅ मᱶ आव᭫यक
ᱨप से ᮧ᭭तुत करने वाला कोई भाग या सᲅपने या इसका कोई पाटᭅनर, अटॉनᱮ, एजᱶट, अिधकृत ᮧितिनिध या कमᭅचारी
को संब ᮧािधकार या ऐसी सिमित या िलयिरंग कॉपᲃरेशन या इस संदभᭅ मᱶ अिधकृत अ᭠य ᳞िᲦ को समᭃ ᮧ᭭तुत
करने या ᮧमाण ᮧ᭭तुत करने मᱶ लापरवाही करता है या िवफल होता है या ऐसा करने मᱶ इनकार करता है;
h.
िवशेष िववरणी सᲅपने मᱶ िवफलता: यिद वह संब ᮧािधकार को पिरि᭭थित उ᭜प᳖ होने पर संब ᮧािधकार ᳇ारा
समय-समय पर िनधाᭅिरत फॉमᭅ मᱶ संब ᮧािधकार ᳇ारा आव᭫यक मानी जाने वाली सूचना के साथ अिधसूिचत समय-
सीमा मᱶ िवशेष िववरण, िजसे संब ᮧािधकार ऐसे िवशेष िववरण या सूचना िकसी भी िलयिरंग सद᭭य के ᳇ारा िदया
जाना चािहए, लापरवाही करता है या िवफल होता है या इनकार करता है।
i.
लेखापरीिᭃत अकाउंट सᲅपने मᱶ िवफलता: यिद वह संब ᮧािधकार ᳇ारा समय-समय पर िनधाᭅिरत समय-सीमा के
अंदर िलयिरंग कॉपᲃरेशन को लेखापरीिᭃत अकाउंट सᲅपने मᱶ लापरवाही करता है या िवफल होता है या ऐसा करने
से इनकार करता है;
j.
िडफॉ᭨टर वाले अकाउंट की तुलना करने या सᲅपने मᱶ िवफल: यिद वह अपने अकाउंट को संब ᮧािधकार के साथ
तुलना करने मᱶ लापरवाही करता है या िवफल होता है या िडफॉ᭨टर वाले इसके अकाउंट की िववरण या इस बात का
ᮧमाणपᮢ देने मᱶ िवफल होता है िक उसके पास कोई दूसरा अकाउंट नहᱭ है या यिद वह इस संदभᭅ मᱶ कोई झूठा या
᮪ामक िववरण देता है;
k.
झूठी या ᮪ामक िववरण: यिद वह अपना िलयिरंग फॉमᭅ या िरटनᭅ, िजसे इन उप-िनयमᲂ, िनयमᲂ और िविनयमᲂ के
अंतगᭅत िलयिरंग कॉपᲃरेशन को सᲅपा जाना है, उसमᱶ लापरवाही करता है या िवफल होता है या ऐसा करने से इनकार
करता है या इसमᱶ कोई झूठा या ᮪ामक िववरण ᮧ᭭तुत करता है;
l.
अफसोसजनक िशकायतᱶ: यिद वह या उसका एजᱶट संबंध ᮧािधकार या सिमित या िलयिरंग कॉपᲃरेशन का कोई
अिधकारी या इस संदभᭅ मᱶ अिधकृत ᳞िᲦ के समᭃ कोई आरोप, िशकायत या सूट ᮧ᭭तुत करता है िजसे संब
ᮧािधकार अपने िवचार मᱶ तु᭒छ, अफसोसजनक या दुभाᭅवनापूणᭅ मानता है;
m. बकायᲂ और शु᭨कᲂ के भुगतान मᱶ िवफल होना: यिद वह अपनी सद᭭यता शु᭨क, फीस, म᭟य᭭थता ᮧभार या बकाया अ᭠य
िकसी रािश या उसपर लगे िकसी जुमाᭅने या अथᭅदंड के भुगतान मᱶ िवफल होता है।
8.3.2
᳞वसाय ᮧितकूल आचरण:
िलयिरंग सद᭭य िन᳜िलिखत िकसी कायᭅ के िलए या ऐसे ही िकसी कायᭅ के िलए या िकसी चूक के िलए ᳞वसाय ᮧितकूल
आचरण करने के िलए दोषी ठहराया जा सकता है:
a.
नकली नाम: यिद वह अपना िबजनेस या अपने घटक का िबजनेस नकली नाम से चलाता है या वह नकली नामᲂ से
िलयिरंग कॉपᲃरेशन के एक से अिधक समाशोधन खंडᲂ मᱶ िबजनेस करता है;
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b.
अफवाहᱶ फैलाना: यिद वह, िकसी भी तरीके से, कोई अफवाह फैलाता है या इसका कारण बनता है;
c.
गैर-मुनािसब िबजनेस: यिद वह बाजार मᱶ लापरवाह या गैर-मुनािसब या िबजनेस ᮧितकूल सौदा करता है या अपने
घटक के अकाउंट के िलए या िकसी अकाउंट के िलए खरीद या िबᮓी को ᮧभािवत करता है िजसमᱶ वह ᮧ᭜यᭃ या
अᮧ᭜यᭃ ᱨप से इस बात मᱶ ᱧिच लेता है िक कौन सी खरीद या िबᮓी अपने घटक या अपने मायने से और ऐसी ᮧितभूित
के िलए िवᱫीय संसाधन या बाजार की नज़र से अ᭜यिधक है;
d.
समझौता: यिद वह अ᭠य िलयिरंग सद᭭य के साथ िकसी िनजी ᳞व᭭थापन के जिरए अनदेखी करता है या संबंिधत
एसचᱶज के ᮝेिडंग ᭡लेटफॉमᭅ पर िन᭬पािदत ᮧितभूितयᲂ मᱶ िकसी सौदे के कारण उ᭜प᳖ िलयिरंग सद᭭य के बकाए के
िनपटारे मᱶ पूणᭅ से कम और वा᭭तिवक भुगतान ᭭वीकार करता है।
e.
नकारा गया चेक: यिद वह िकसी अ᭠य िलयिरंग सद᭭य या इसके लाइंट या संघटकᲂ या िलयिरंग कॉपᲃरेशन को
ऐसा चेक जारी करता है जो िकसी भी कारण के िलए ᮧ᭭तुितकरण पर नकारा जाता है;
f.
संघटकᲂ के साथ लेनदेन करने मᱶ िवफल होना: यिद वह संब ᮧािधकार के िवचार मᱶ अपने संघटकᲂ के साथ वचनब
लेनदेनᲂ को संप᳖ करने मᱶ िवफल होता है;
8.3.3
गैर-पेशेवर आचरण
िलयिरंग सद᭭य को िन᳜िलिखत िकसी कायᭅ के िलए या ऐसे ही िकसी कायᭅ के िलए या िकसी चूक के िलए गैर-पेशेवर
आचरण करने के िलए दोषी ठहराया जा सकता है:
a.
उन ᮧितभूितयᲂ मᱶ िबजनेस िजसमᱶ लेनदेन की अनुमित नहᱭ होती: यिद वह उन ᮧितभूितयᲂ मᱶ लेनदेन शुᱨ करता है
िजसमᱶ लेनदेन के अनुमित नहᱭ होती;
b.
िडफॉि᭨टंग संघटक के िलए िबजनेस: यिद वह ᮧ᭜यᭃ या अᮧ᭜यᭃ ᱨप से या िकसी ऐसे लाइंट या संघटक के िलए
संबंिधत एसचᱶज के ᮝेिडंग सद᭭य के ᱨप मᱶ अपनी ᭃमता से कोई आदेश जारी करता है जो उसकी जानकारी मᱶ
ᮧितभूितयᲂ से संबंिधत िनयुिᲦयᲂ के िनवाᭅह मᱶ िवफल रहा है और अ᭠य िलयिरंग सद᭭य के ᮧित िडफॉ᭨ट है यिद ऐसा
लाइंट का संघटक ने अपने ᮓेिडटर िलयिरंग सद᭭य के साथ कोई संतोषजनक ᳞व᭭था नहᱭ की है;
c.
िदवािलया के िलए िबजनेस: यिद सबसे पहले संब ᮧािधकार ᳇ारा सहमित हािसल िकए िबना वह ᮧ᭜यᭃ या अᮧ᭜यᭃ
ᱨप से िकसी िबजनेस मᱶ इ᭒छुक है या उससे संबंिधत या िबजनेस या िकसी ᳞िᲦ के िलए लेनदेन करता है जो
िदवािलया हो चुका है या ऋणशोधनाᭃम हो चुका है इसके बावजूद भी िक ऐसे ᳞िᲦ को ऋणशोधनाᭃम ᭠यायालय से
अंितम छुटकारा िमल जाएगा;
d.
िनलंिबत होने की ि᭭थित मᱶ िबना अनुमित िबजनेस: यिद संब ᮧािधकार की अनुमित के िबना वह िलयिरंग
कॉपᲃरेशन पर िबजनेस िनलंिबत करने के िलए संब ᮧािधकार ᳇ारा आव᭫यक अविध के दौरान अपने अकाउंट पर या
ᮧधान अकाउंट पर या अ᭠य िलयिरंग सद᭭य के जिरए िबजनेस करता है;
e.
िनलंिबत, बिह᭬कृत या िडफॉ᭨टर िलयिरंग सद᭭यᲂ के िलए या उसके साथ िबजनेस: यिद वह संब ᮧािधकार की
िवशेष अनुमित के िबना िकसी उस िलयिरंग सद᭭य के साथ ᮩोकरेज साझा करता है या िबजनेस करता है या कोई
सौदा करता है िजसे िनलंिबत, बिह᭬कृत िकया जा चुका है या िडफॉ᭨टर घोिषत िकया जा चुका है;
f.
अ᭠य िलयिरंग सद᭭य के कमᭅचािरयᲂ के िलए िबजनेस: यिद वह ᮧ᭜यᭃ या अᮧ᭜यᭃ ᱨप से िकसी अ᭠य िलयिरंग
सद᭭य के िकसी अिधकृत ᮧितिनिध या कमᭅचारी के िलए या उसके साथ, ऐसे िनयुिᲦ िलयिरंग सद᭭य की िलिखत
अनुमित के िबना कोई िबजनेस लेनदेन करता है;
g.
मािजᭅन अपेᭃाᲐ का अपवंचन: यिद वह इन उप-िनयमᲂ और िविनयमᲂ मᱶ िनधाᭅिरत मािजᭅन अपेᭃाᲐ का जानबूझकर
टाल-मटोल करता है या करने की कोिशश करता है टाल-मटोल करने मᱶ सहायता करता है;
h.
समाशोधन शु᭨क: यिद वह समाशोधन शु᭨कᲂ के संबंध मᱶ इन उप-िनयमᲂ और िविनयमᲂ के ᮧावधानᲂ का जानबूझकर
टाल-मटोल करता है या करने की कोिशश करता है टाल-मटोल करने मᱶ सहायता करता है;
i.
िव᭄ापन: यिद वह उस ᳞िᲦयᲂ के िलए िबजनेस के उे᭫य से िव᭄ापन देता है या िनयिमत सकुᭅलर जारी करता है या
अ᭠य िबजनेस क᭥युिनकेशन करता है उसका खुद का संघटक, एसचᱶज, बᱹक और ᭔वाइंट ᭭टॉक कंपिनयᲂ का ᮝेिडंग
सद᭭य नहᱭ है या पै᭥᭡लेट, सकुᭅलर या अ᭠य दूसरे सािह᭜य या िरपोटᭅ या ᭭टॉक माकᱷट से संबंिधत अ᭠य जानकािरयां
ᮧकािशत करता है, जो िलयिरंग कॉपᲃरेशन की अनुमित के िबना होता है या िलयिरंग कॉपᲃरेशन ᳇ारा िनधाᭅिरत
िव᭄ापन संिहता के उ᭨लंघन मᱶ होता है।
8.3.4
भागीदारᲂ, एजᱶटᲂ और कमᭅचािरयᲂ के िलए िज᭥मेदार िलयिरंग सद᭭य
िलयिरंग सद᭭य अपने अिधकृत अिधकािरयᲂ, अटॉनᱮ, एजᱶटᲂ, अिधकृत ᮧितिनिधयᲂ और कमᭅचािरयᲂ के कृ᭜यᲂ और चूकᲂ के
िलए पूरी तरह से िज᭥मेदार होगा और ऐसे कृ᭜य या चूक को संब ᮧािधकार ᳇ारा ऐसा माना जाता है िक यिद िलयिरंग
सद᭭य ᳇ारा िकया जाता है या छोड़ िदया जाता है तो िलयिरंग सद᭭य उप-िनयमᲂ, िनयमᲂ और िविनयमᲂ के ᮧावधानᲂ के
अनुसार दंड का भागी होगा तब ऐसा िलयिरंग सद᭭य उनके ᳇ारा िकए गए िकसी कृ᭜य या चूक के िलए उसी सीमा तक
समान दंड के िलए िज᭥मेदार होगा।
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8.3.5
कोर सेटलमᱶट गारंटी फंड को मािजᭅन जमा रािश, जमा रािश या अंशदान देने मᱶ या पूंजी पयाᭅ᳙ता िनयमᲂ की पूितᭅ करने मᱶ
िवफल होने पर िनलंबन
संब ᮧािधकार िकसी िलयिरंग सद᭭य को िनलंिबत कर सकता है और/या िलयिरंग सद᭭य को अपना िबजनेस िनलंिबत
करना पड़ सकता है यिद वह मािजᭅन जमा, जमा और कोर सेटलमᱶट गारंटी फंड मᱶ अंशदान देने और/या इन उप-िनयमᲂ,
िनयमᲂ और िविनयमᲂ मᱶ उ᭨लेिखत पूंजी पयाᭅ᳙ता मानदंडᲂ की पूितᭅ मᱶ िवफल होता है और िबजनेस का िनलंबन तब तक
जारी रहेगा जब तक िक िलयिरंग सद᭭य आव᭫यक मािजᭅन जमा, जमा / कोर सेटलमᱶट गारंटी फंड मᱶ अंशदान नहᱭ दे देता
या पूंजी पयाᭅ᳙ता मानदंडᲂ को पूरा नहᱭ करता। संब ᮧािधकार इस ᮧावधान के उ᭨लंघन की गितिविध मᱶ शािमल िलयिरंग
सद᭭य को बाहर भी िनकाल सकता है।
8.3.6
िबजनेस का िनलंबन
संब ᮧािधकार िकसी िलयिरंग सद᭭य को िनलंिबत कर सकता है और/या िलयिरंग सद᭭य को आंिशक ᱨप से या आंिशक
ᱨप से िकसी समाशोधन खंड मᱶ अपने िबजनेस को ᭭थिगत करने के िलए कह सकता है यिद संब ᮧािधकार सद᭭य को
िन᳜िलिखत ि᭭थित मᱶ पाता है:
a.
बंध 8.3.2 मᱶ विणᭅत गितिविधयᲂ मᱶ शािमल है, या
b.
असंतोषजनक िवᱫीय ि᭭थित मᱶ है: जब संब ᮧािधकार के िवचार मᱶ िलयिरंग सद᭭य ऐसी िवᱫीय ि᭭थित मᱶ होता है
िक उसे उसके ᮓेिडटर या िलयिरंग कॉपᲃरेशन की सुरᭃा के िलहाज से िबजनेस करने की अनुमित नहᱭ दी जा सकती।
8.3.7
िनलंबन का िनराकरण
िबजनेस का िनलंबन जैसा िक ऊपर विणᭅत है, तब तक जारी रहेगा जब तक िक िलयिरंग सद᭭य को संब ᮧािधकार की ओर
से, जमा के भुगतान या ऐसे कायᭅ करने और ऐसी चीजᱶ ᮧदान करने के बाद िजसे संब ᮧािधकार आव᭫यक समझ सकता है,
अनुमित नहᱭ िमल जाती।
8.3.8
उ᭨लंघन के िलए जुमाᭅना
वह िलयिरंग सद᭭य जो िनलंिबत है या िजसे अपना िबजनेस या भाग िनलंिबत या ᭭थिगत करना है, उसे िलयिरंग
कॉपᲃरेशन की सद᭭यता से संपूणᭅ ᱨप से या एक या अिधक समाशोधन खंड से संब ᮧािधकार ᳇ारा बिह᭬कृत िकया जा
सकता है, यिद वह ऐसे िनलंबन या संबंिधत अपेᭃाᲐ मᱶ उ᭨लंघन का काम करता है।
8.3.9
ᮧमाण ᮧ᭭तुत करने और सूचना देने के िलए िलयिरंग सद᭭य और अ᭠य
िलयिरंग सद᭭य संब ᮧािधकार या अ᭠य सिमित या इस संदभᭅ मᱶ िलयिरंग कॉपᲃरेशन ᳇ारा अिधकृत िकसी अिधकारी से
समᭃ पेश होकर ᮧमाण ᮧ᭭तुत करेगा और अपने भागीदारᲂ, अटॉनᱮ, एजᱶटᲂ, अिधकृत ᮧितिनिधयᲂ को भी ऐसा करने करने के
िलए राजी करेगा और िलयिरंग सद᭭य संब ᮧािधकार या अ᭠य सिमित या इस संदभᭅ मᱶ िलयिरंग कॉपᲃरेशन ᳇ारा
अिधकृत िकसी अिधकारी के समᭃ ऐसे बिहयᲂ, पᮢᲂ, द᭭तावेज़ᲂ, कागजातᲂ और िरकॉ᭙सᭅ या पᭃ ᮧ᭭तुत करेगा जो इसके
अिधकार मᱶ होता है या िजसे पूछताछ या जांच के तहत िकसी मामले के िलए ᮧासंिगक या आव᭫यक माना जा सकता है।
8.3.10
कानूनी ᮧ᭭तुितकरण के िलए आव᭫यक अनुमित
िकसी भी ᳞िᲦ संब ᮧािधकार या िकसी अ᭠य सिमित के सामने जांच के िलए या सुनवाई के िलए पेशेवर अिधवᲦा,
अटॉनᱮ, वकील ᳇ारा ᮧ᭭तुत िकए जाने के िलए अिधकृत नहᱭ होगा यिद संब ᮧािधकार या अ᭠य सिमित ᳇ारा अनुमित नहᱭ
दी जाती है।
8.3.11
िनलंबन या बिह᭬करण के स᭥मुख ᭭प᳥ीकरण
िलयिरंग सद᭭य को िनलंिबत होने या बिह᭬कृत होने से पहले संब ᮧािधकार के स᭥मुख ᮧ᭭तुत होकर ᭭प᳥ीकरण देने का
अिधकार होगा लेिकन सभी ि᭭थितयᲂ मᱶ संब ᮧािधकार का िनणᭅय अंितम होगा और िनणᭅया᭜मक होगा।
8.3.12
जुमाᭅने का आरोपण
संब ᮧािधकार ᳇ारा िनलंबन, सभी या िकसी भी सद᭭यता अिधकारᲂ की वापसी, जुमाᭅना लगाया जा सकता है, आᭃेप या
चेतावनी दी जा सकती है जो एकल या संयुᲦ ᱨप से हो सकता है। बिह᭬करण की सजा संब ᮧािधकार ᳇ारा दी जा सकती है।
8.3.13
दंड का पूवᭅिनधाᭅरण
संब ᮧािधकार के पास दंड, िनलंबन की अविध, िवशेष सद᭭यता अिधकारᲂ की वापसी और िकसी जुमाᭅने की रािश के
पूवᭅिनधाᭅरण का अिधकार होगा िजसे िकसी भी उप-िनयमᲂ, िनयमᲂ या िविनयमᲂ या िलयिरंग कॉपᲃरेशन, संब ᮧािधकार
या िकसी अ᭠य सिमित या इस संदभᭅ मᱶ िलयिरंग कॉपᲃरेशन ᳇ारा अिधकृत अिधकार के िकसी ᭭वीकृत ᮧ᭭ताव, आदेश,
नोिटस, िनदᱷश, िनणᭅय या िनयमᲂ के उ᭨लंघन, गैर-अनुपालन, अवहेलना, अपमान या अपवंचन की ि᭭थित मᱶ लगाया जा
सकता है।
8.3.14
संवाद
संब ᮧािधकार अपने िववािधकार से िकसी भी ि᭭थित मᱶ िकसी िलयिरंग सद᭭य को बिह᭬करण के दंड के एवज मᱶ िनलंिबत
कर सकता है या सभी या िकसी सद᭭यता अिधकार को वापस ले सकता है या िनलंबन या बिह᭬करण के एवज मᱶ जुमाᭅना लगा
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सकता है और दोषी िलयिरंग सद᭭य को आᭃेिपत करने या चेतावनी देने का िनदᱷश जारी कर सकता है या ऐसे िनयम व
शतᲄ पर ऐसे दंड को कम कर सकता है या िवᮧेिषत कर सकता है िजसे उिचत और ᭠यायसंगत माना जा सकता है।
8.3.15
पुनिवᭅचार / समीᭃा
संब ᮧािधकार अपने िवचार से या संबंिधत िलयिरंग सद᭭य के अपील पर, सद᭭य के िलए संब ᮧािधकार के पुनिवᭅचार
करने और छूट देने, जुमाᭅना लगाने, आरोपी ठहराने, चेतावनी या िलयिरंग सद᭭य की सभी या कोई सद᭭यता अिधकार को
वापस लेने के अपने आदेश को वापस लेने या उसे बदलने पर िवचार इसके िनणᭅय के संवाद की ितिथ से 90 िदनᲂ के भीतर
कर सकता है। इसी तरीके से संब ᮧािधकार िलयिरंग सद᭭य को बाहर करने, िनलंिबत करने के अपने िनणᭅय मᱶ छूट दे
सकता है, वापस ले सकता है या इसे बदल सकता है।
8.3.16
जुमाᭅने और अथᭅदंड के भुगतान मᱶ िवफल होना
यिद कोई िलयिरंग सद᭭य संब ᮧािधकार ᳇ारा समय-समय पर िनधाᭅिरत समय अविध के अंदर उसपर लगे जुमाᭅने या
अथᭅदंड के भुगतान मᱶ िवफल होता है, तो उसे संब ᮧािधकार ᳇ारा तब तक िनलंिबत रखा जा सकता है जब तक िक वह
भुगतान नहᱭ कर देता और यिद ऐसे भुगतान के िलए समय-समय पर िनधाᭅिरत समय सीमा के अंदर भुगतान करने मᱶ िवफल
होता है तो उसे संब ᮧािधकार ᳇ारा बिह᭬कृत िकया जा सकता है।
8.3.17
िनलंबन का पिरणाम
िलयिरंग सद᭭य के िनलंबन के िन᳜िलिखत पिरणाम हᲂगे:
8.3.17.1
सद᭭यता अिधकारᲂ का िनलंबन
िनलंिबत िलयिरंग सद᭭य अपने िनलंबन की अविध के दौरान, अपनी सद᭭यता के सभी अिधकारᲂ और
िवशेषािधकारᲂ से वंिचत होता है और विजᭅत होता है लेिकन उसपर संब ᮧािधकार ᳇ारा, िनलंबन से पहले
अपने िकए गए िकसी अपराध के िलए, अिभयोग चलाया जा सकता है और संब ᮧािधकार अ᭠य िलयिरंग
सद᭭य ᳇ारा उसके िखलाफ िकए गए दावे पर लेनदेन या फैसला देने के पिर᭄ान से िवविजᭅत नहᱭ करेगा।
8.3.17.2
ᮓेिडटसᭅ के अिधकार अᭃु᭛ण होते हᱹ
िनलंबन से उन िलयिरंग सद᭭यᲂ के अिधकार ᮧभािवत नहᱭ होते जो िनलंिबत िलयिरंग सद᭭य के ᮓेिडटसᭅ
होते हᱹ और साथ ही िलयिरंग कॉपᲃरेशन के अिधकार भी ᮧभािवत नहᱭ होते।
8.3.17.3
लेनदेनᲂ और देयताᲐ का िनवाᭅह
िनलंिबत िलयिरंग सद᭭य अपने िनलंबन के समय बकाए देयताᲐ और लेनदेनᲂ को पूरा करने के िलए बा᭟य
होगा।
8.3.17.4
आगे का िबजनेस ᮧितबंिधत होता है
िनलंिबत िलयिरंग सद᭭य अपने िनलंबन की अविध के दौरान कोई िबजनेस नहᱭ करेगा बशतᱷ िक वह संब
ᮧािधकार की अनुमित से अपने िनलंबन के समय बकाए लेनदेनᲂ को समा᳙ करता है।
8.3.18
िन᭬कासन के पिरणाम
िलयिरंग सद᭭य के िन᭬कासन के िन᳜िलिखत पिरणाम हᲂगे:
8.3.18.1 िलयिरंग सद᭭यता अिधकार ज᭣त कर िलए जाते हᱹ
बिह᭬कृत िलयिरंग सद᭭य िलयिरंग कॉपᲃरेशन की अपनी िलयिरंग सद᭭यता से और िलयिरंग सद᭭य के
ᱨप मᱶ अपने सभी सिधकारᲂ और िवशेषािधकारᲂ से वंिचत रहेगा िजसमᱶ िलयिरंग कॉपᲃरेशन की िकसी भी
संपिᱫ या फंड मᱶ िकसी भी दावे या िकसी भी इंटरे᭭ट के इ᭭तेमाल का अिधकार शािमल है लेिकन िलयिरंग
सद᭭य का िलयिरंग कॉपᲃरेशन या िकसी िलयिरंग सद᭭य के ᮧित कोई भी दािय᭜व बना रहेगा और इसके
िन᭬कासन ᳇ारा इसपर कोई ᮧभाव नहᱭ पड़ेगा।
8.3.18.2
कायाᭅलय खाली करना पड़ता है
िन᭬कासन के पिरणाम᭭वᱨप िन᭬कािसत िलयिरंग सद᭭य ᳇ारा धािरत कायाᭅलय या पोिजशन मᱶ एक िरिᲦ
(वैकᱶसी) उ᭜प᳖ होगी।
8.3.18.3 ᮓेिडटसᭅ के अिधकार अᭃु᭛ण होते हᱹ
िनलंबन से उन िलयिरंग सद᭭यᲂ के अिधकार ᮧभािवत नहᱭ होते जो िनलंिबत िलयिरंग सद᭭य के ᮓेिडटसᭅ
होते हᱹ।
8.3.18.4 लेनदेनᲂ और देयताᲐ का िनवाᭅह
िन᭬कािसत िलयिरंग सद᭭य अपने िन᭬कासन के समय बकाया लेनदेनᲂ और देयताᲐ को पूरा करने के िलए
बा᭟य होगा और वह संब ᮧािधकार की अनुमित से ऐसे बकाए लेनदेनᲂ को समा᳙ कर सकता है।
PART IV]
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8.3.18.5 िलयिरंग सद᭭य लेनदेन नहᱭ करेगा
कोई भी िलयिरंग सद᭭य िकसी िन᭬कािसत िलयिरंग सद᭭य के के िलए या उसके साथ िबनजेस लेनदेन
नहᱭ करेगा जब तक िकस उसे संब ᮧािधकार ᳇ारा अनुमित नहᱭ िमल tkrh।
8.4
िडफॉ᭨ट की घोषणा के पिरणाम के संदभᭅ मᱶ उपिनयमᲂ के ᮧावधान, िजसका उ᭨लेख िलयिरंग कॉपᲃरेशन के उपिनयमᲂ के अ᭟याय XII
मᱶ िकया गया है, िन᭬कािसत िलयिरंग सद᭭य के ऊपर लागू हᲂगे यिद िलयिरंग सद᭭य िडफॉ᭨टर घोिषत होता है।
8.5
ᮧयो᭔य िन᭬कासन िनयम
जब िकसी िलयिरंग सद᭭य से इन िनयमᲂ और उप-िनयमᲂ के ᮧावधानᲂ के अंतगᭅत िलयिरंग सद᭭य होने का अिधकार ज᭣त कर िलया
जाता है, जो मृ᭜यु, िडफॉ᭨ट या ᭜यागपᮢ ᳇ारा नहᱭ है, तो यह यिद िलयिरंग सद᭭य संब ᮧािधकार ᳇ारा िन᭬कािसत है और ऐसी
ि᭭थित मᱶ जब िन᭬कासन से संब सभी ᮧावधान इन िनयमᲂ मᱶ शािमल होते हᱹ, ये ऐसे िलयिरंग सद᭭य पर हर तरह से लागू हᲂगे।
9.
दंड और िबजनेस के िनलंबन की नोिटस
9.1
आमतौर पर संबंिधत िलयिरंग सद᭭य और िलयिरंग सद᭭यᲂ को िन᭬कासन या िनलंबन या िडफॉ᭨ट या िबजनेस के िनलंबन या इस पर
इसके िकसी भागीदार या अ᭠य कमᭅचारी पर लगे िकसी अ᭠य जुमाᭅने के बारे मᱶ संब ᮧािधकार ᳇ारा िनधाᭅिरत ᮧाᱨप से नोिटस भेजा
जाएगा। संब ᮧािधकार अपने एकल िववेकािधकार से और उस ᱨप मᱶ िजसे वह उिचत समझता है, िलयिरंग सद᭭य या उस पि᭣लक
को नोिटस भेज सकता है िजसका नाम इस नोिटिफकेशन मᱶ है, वह िन᭬कािसत है, िनलंिबत है या उसपर जुमाᭅना लगाया गया है या उसे
िडफॉ᭨टर घोिषत िकया गया है या उसके िबजनेस को िनलंिबत कर िदया गया है या उसके िलयिरंग सद᭭य का अिधकार ज᭣त कर िलया
गया है। ऐसे ᳞िᲦयᲂ ᳇ारा िलयिरंग कॉपᲃरेशन या िलयिरंग कॉपᲃरेशन के िकसी अिधकारी या कमᭅचारी के िखलाफ ऐसी अिधसूचना
के ᮧकाशन या सकुᭅलेशन के िलए िकसी भी पिरि᭭थित मᱶ कोई भी कारᭅवाई का अ᭠य सुनवाई मा᭠य नहᱭ होगी।
9.2
इसके बावजूद ऐसी चीज़ जो इन ᮧावधानᲂ मᱶ शािमल है, यिद संब ᮧािधकार को ऐसा करना आव᭫यकता लगता है, तो वह, कारणᲂ को
िलिखत ᱨप मᱶ दजᭅ करते ᱟए, अ᭭थायी ᱨप से त᭜काल िलयिरंग सद᭭य को िनलंिबत कर सकता है, संब ᮧािधकार ᳇ारा इस अ᭟याय के
अंतगᭅत िनलंबन के िलए उपयुᲦ कारᭅवाई को लंिबत कर सकता है, और ऐसे अ᭭थायी िनलंबन के िलए कोई सुनवाई अव᭫यक नहᱭ होगी
और ऐसे अ᭭थायी िनलंबन का वही पिरणाम होगा जैसा िक इस अ᭟याय मᱶ विणᭅत है, बशतᱷ िक इस अ᭟याय मᱶ दी गई उपयुᲦ कारᭅवाइयां
एक ऐसे नोिटस के िनगᭅमन ᳇ारा शुᱨ हᲂगी जो ऐसे अ᭭थायी िनलंबन के 10 िदनᲂ के भीतर िलयिरंग कॉपᲃरेशन को कारण दशाᭅएगा।
ऐसे अ᭭थायी िनलंबन को संब ᮧािधकार के िववेकािधकार से वापस िलया जा सकता है, इसके कारणᲂ को िलिखत मᱶ दजᭅ िकया जाता
है, यिद संब ᮧािधकार इस बात को संतु᳥ करता है िक िनलंबन के िलए संब ᮧािधकार के िवचार की पिरि᭭थितयां सही है।
दनांक : 24.05.2017
नर कुमार अहलावत
थान
: मुबई
डायरेटर
————————————
म ट कमो डट एसचज िलय%रंग कॉप)रेशन +ल+मटेड
भारतीय )$तभू$त एवं ,व$नमय बोड. (सेबी) क1 मंजूर के अधीन रहते हुए, मट कमोडट ए सचज ि लयरंग कारपोरेशन ल मटेड
क1 उप,व7धयां बनाने का )8ताव है| )8ता,वत उप,व7धय; को )$तभू$त सं,वदा (,व$नयमन) $नयम; १९५७ के $नयम १८ के तहत
जानकार / साव.जा$नक टपCणी / आलोचना के बारे म जानने के लए )का शत कर रहे है | Eकसी भी FयG को इन उप-$नयमो
पर कोई भी टपCणी / मंतFय FयG करना हो तो वे उसे लKखत और अधोह8ताNारत Oप म मट कमोडट ए सचज लयरंग
कारपोरेशन ल मटेड, ए सचज 8 वायर, सीटएस नंबर २५५, सुरेन रोड, अंधेर (पूव.), मुQबई-४०००९३ पर भेज सकते है या इस
)काशन क1 $त7थ से पंVह दन; के भीतर [email protected] पर ईमेल कर सकते है | क7थत पंVहव दन बाद )ाb
ट पKणय; / मंतFय; पर ,वचार नहं Eकया जाएगा और मसौदा पंVह दन; क1 अव7ध समाb होने के तुरंत बाद ,वचार के लए रख
दया जाएगा |
म ट कमो डट एसचज िलय%रंग कॉप)रेशन +ल+मटेड के उप-.नयम
)$तभू$त सं,वदा (,व$नयम) अ7ध$नयम, 1956 क1 धारा 9 के तहत )दh शGय; के अनुOप और भारतीय )$तभू$त ,व$नमय बोड.
क1 पूव. मंजूर के साथ ि लयरंग कॉपरेशन ल मटेड $नQन लKखत उप-$नयम का )ावधान करता है:
1. /तावना
1.1
इन उप-$नयम; को "मट कमोडट ए सचज ि लयरंग कॉपरेशन ल मटेड के उप-$नयम;” के Oप म जाना जाएगा
और यहां से आगे इlह "उप-$नयम;” या "ि लयरंग कॉपरेशन के उप-$नयम;” के Oप म लया जाएगा।
1.2
ये उप-$नयम उस $त7थ से )भावी हो जाएंगे िजस पर भारतीय )$तभू$त एवं ,व$नमय बोड. अ7ध$नयम, 1992 (यहां से
आगे इसे "सेबी” अ7ध$नयम के नाम से जाना जाएगा) के तहत 8था,पत भारतीय )$तभू$त एवं ,व$नमय बोड. (यहां से
आगे इसे "सेबी” के नाम से जाना जाएगा) या मट कमोडट ए सचज ि लयरंग कॉपरेशन ल. (यहां से आगे इसे
"ि लयरंग कॉपरेशन” के नाम से जाना जाएगा) इस आशय के साथ अ7धसू7चत करते ह;।
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[PART IV
1.3
अ0य /यो1य कानून
ये उप-$नयम, )$तभू$त सं,वदा (,व$नयम) अ7ध$नयम, 1956 (िजसे यहां से आगे "एससीआरए” के नाम से जाना
जाएगा) के )ावधान; के अलावा ह;गे, िजlह समय-समय पर संशो7धत Eकया जा सकता है और उसके तहत बनाए
$नयम व ,व$नयम तथा सेबी अ7ध$नयम व उसके तहत बने $नयम; व ,व$नयम; के अलावा ह;गे।इन उप-$नयम; को
सदैव एससीआरए और सेबी अ7ध$नयम के तहत बने $नयम; व ,व$नयम; के )ावधान; के अधीन माना जाएगा, जो
समय-समय पर संशो7धत तथा भारत सरकार व/या सेबी oारा समय-समय पर जार दशा-$नदpश;, आदेश;, गाइडलाइंस,
मानक; तथा सकु. लर; के अधीन माने जाएंगे।
1.4
3े4ठता 3ेणी:
ऐसी ि8थ$त म जब ि लयरंग कॉपरेशन के इन उप-$नयम;, $नयम; तथा ,व$नयम; के )ावधान; और एससीआरए तथा
उसके तहत बने $नयम; व ,व$नयम; के )ावधान; या सेबी अ7ध$नयम व उसके तहत बने $नयम; व ,व$नयम; के
)ावधान; के बीच अंतर हो या कोई ,ववेचनागत सम8याएं ह; तो:
a.
एससीआरए के )ावधान तथा उसके तहत बनाए गए $नयम-,व$नयम; तथा/या
b.
सेबी अ7ध$नयम तथा के )ावधान तथा उसके तहत बनाए गए $नयम-,व$नयम )भावी हो जाएंगे।
2. प%रभाषाएं एवं ;ववेचना
2.1
प%रभाषा
2.1.1
"आवेदक िलय%रंग सदय" का अथ. है एक $नकाय या एक FयG िजसे इन उप-$नयम; के तहत अनुम$त द
जाती हो, जो ि लयरंग कॉपरेशन के ि लयरंग सद8य के Oप म माlयता )ाb करने क1 इsछा रखता हो।
2.1.2
"म>यथता" वैकिपक ,ववाद समाधान (एडीआर) के Oप म, अदालत; के बाहर ,ववाद; को सुलझाने क1 एक
तकनीक है और इन उप-$नयम; तथा ,व$नयम; म वKण.त अनुसार इसक1 )Evया को ि लयरंग सद8य; के
बीच पार8परक Oप से तथा ि लयरंग सद8य व उनके लाइंट;/$नवा.चक; के बीच उपजे ,ववाद; के समु7चत
व wवरत समाधान म अ$नवाय. Oप से )युG Eकया जाता है।
2.1.3
"आट?क स" (अनुsछेद) का अथ. है मट कमोडट ए सचज ि लयरंग कॉपरेशन ल मटेड हेतु सं8था के
अंत$न.यम और इसम समय-समय पर Eकए जाने वाला कोई Oपांतरण या बदलाव शा मल रहता है।
2.1.4
"अ@धकृत /योता" का अथ. है ि लयरंग सद8य क1 ओर से $नयुG ऐसा उपयुG FयG जो समाशोधन तथा
$नपटारा )णा लय; के परचालन करने तथा ि लयरंग कॉपरेशन oारा ऐसे सद8य; को आवं टत )Evयाओं
को संपlन करने के लए ि लयरंग कॉपरेशन के साथ पंजीकृत हो सकता है या नहं भी हो सकता है।
2.1.5
"बोड?" का अथ. है मट कमोडट ए सचज ि लयरंग कॉपरेशन ल मटेड के $नदेशक मंडल।
2.1.6
“Dयवसाय दवस” इसका अथ. यह होता है Eक सbाह का वह दन जब ि लयरंग कॉपरेशन Fयवसाय के लए
खुला रहता है।
प4ट करण: ि लयरंग कॉपरेशन उन दन; को छोड़कर सभी दन; पर खुला रहता है िजन दन; को सNम
)ा7धकार oारा $नपटान हेतु अवकाश का दन घो,षत Eकया गया है।
2.1.7
"Fय िलय%रंग सदय" का अथ. है एक ि लयरंग सद8य जो Eकसी लाइंट या Eकसी ऐसे संघटक के
समाशोधन और $नपटारा से $नपटता हो, िजसने या िजसके लाइंट ने संब} ए सचज के ~ेडंग •लोर पर
एक )$तभू$त खरद हो, िजसके अनुOप यह सभी )8ता,वत )Evयाओं का पालन करते हुए vय दा$यwव का
सQमान करने के लए बा€य हो।
2.1.8
"सकु? लर या नोटस" का अथ. है सूचनापरक अ7धसूचनाएं या ि लयरंग कॉपरेशन oारा समय-समय पर अपने
सद8य; और माकp ट को जार एक बा€यकार संचार, िजसे फै स, ईमेल या Eकसी ऐसे मा€यम से भेजा जाता
हो िजसे ि लयरंग कॉपरेशन उ7चत मान सकता है, िजसम वेबसाइट के ज़रए )काशन और उसे उसी के
अनुOप "सकु. लर” या "नो टस” का नाम दया जाता हो।
PART IV]
THE GAZETTE OF INDIA, JUNE 17, 2017 (JYAISTHA 27, 1939)
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2.1.9
" िलय%रंग (समाशोधन)" के अथ. म शा मल है ि लयरंग कॉपरेशन क1 )Evयाओं के ज़रए एक अlय
ि लयरंग सद8य के एवज म Eकसी एक ि लयरंग सद8य के दाव; के $नपटारा हेतु अ7धकार; व दा$यwव; के
$नधा.रण क1 )Evया। ि लयरंग क1 )Evया बह लखने जैसी ह होती है, जहां ि लयरंग कॉपरेशन
डील/~ांजै शन के vेता तथा ,वvेता के मै7चंग oारा संब} तथा )ासं7गक डेटाबेस को अपडेट करता है,
इस लए एक पN के दा$यwव; और अlय के अ7धकार; क1 पु,ƒ करता है।
2.1.10
"िलय%रंग समझौते" का अथ. है एक ि लयरंग सद8य और इसके संघटक के बीच उG ए सचज के ~ेडंग
लैटफॉम. पर उG संघटक oारा ~ेड क1 गई )$तभू$तय; से जुड़े सभी समाशोधन तथा $नपटारे काय. को
संपlन करने के लए Eकया एक बा€यकार समझौता।
2.1.11
"िलय%रंग और सेट मट खाते" का अथ. है ि लयरंग सद8य oारा संचा लत एक $नधा.रत या 8वीकृत
ि लयरंग ब#क म एक ब#क खाता और उसी के अनुOप ि लयरंग कॉपरेशन को सूचना द जाती है, िजसम
से Eकसी सद8य oारा ि लयरंग कॉपरेशन पर बकाए सभी फंड या संब} ए सचज के ~ेडंग •लोर पर
सद8य या उसके लाइं„स या $नवा.चक; के सौद; के संदभ. म ि लयरंग सद8य oारा Eकसी सद8य पर देय
सभी फंड; को $नग.त या )ाb Eकया जाएगा।
2.1.12
"िलय%रंग बMस" ऐसे ब#क होते ह# िजlह ि लयरंग कॉपरेशन एक फंड $नपटाने वाल एजसी के तौर पर
$नयुG कर सकता है, जो ि लयरंग कॉपरेशन के ज़रए ि लयर Eकए गए सभी सौद; हेतु मािज.न धन का
सं…ह करते ह# और ि लयरंग सद8य; तथा ि लयरंग कॉपरेशन के बीच और ि लयरंग सद8य; के बीच
समय-समय पर ि लयरंग कॉपरेशन oारा $नदp शत फंड; का संचालन करता है।
2.1.13
"िलय%रंग कॉप)रेशन" का अथ. मट-कमोडट ए सचज ि लयरंग कॉपरेशन ल मटेड तथा इसके
उhरा7धकार (य द कोई हो) होता है।
2.1.14
“िलय%रंग/ समाशोधन सदय या सदय”“ इसका आशय उस FयG से है िजसे ि लयरंग कॉपरेशन क1
सद8यता )ाb हो िजसे इन उप $नयम;, एमसीए ससीसीएल के $नयम; और ,व$नयम; के अनुOप उसे
ि लयरंग सेटलमट के सभी अ7धकार )ाb ह; और इसके अंतग.त वे FयG भी आते ह# जो मट कमोडट
ए सचज ऑफ इंडया ल मटेड (एमसीए स) के सद8य ह# एवं सेबी (एसईबीआई) के साथ पंजीकृत ह# या
पंजीकरण के लए आवेदन कर रखा है। लेEकन इसके अंतग.त मट कमोडट ए सचज ि लयरंग कॉपरेशन
ल मटेड के शेयर धारक नहं आते ह#।
2.1.15
"समाशोधन खंड" का अथ. होता है और उसम शा मल होता है Eकसी माकp ट से‡मट टाइप के भीतर
)$तभू$तय; क1 भlन ˆेKणयां, िजसे संबं7धत ए सचज अपने संब} ~ेडंग सद8य; को उनके ~ेडंग लैटफॉम.
पर डी लंग करने के लए उपल‰ध कराता है और इन उप-$नयम; के संदभ. म अपने समाशोधन तथा $नपटारे
क1 काय.)णा लय; क1 अनुम$त देने के लए ि लयरंग कॉपरेशन oारा सहम$त द गई हो और उसी के
अनुOप ˆेणीब} Eकया गया हो।
2.1.16
"समाशोधन उप-खंड" का अथ. और उसम शा मल होता है समाशोधन खंड के Fयापक मद के तहत आने वाल
)$तभू$तय; क1 ˆेKणयां, पर उlह बाजार क1 8वीकृ$त तथा )चलन के आधार पर या उwपाद अथवा )$तभू$त
)ोफाइल व ऐ ~‰यू„स के आधार पर ,वभे दत Eकया जाता है।
2.1.17
“Oाहक या संघटक” – इसका अथ. यह होता है Eक वह FयG िजसके अनुदेश पर ि लयरंग सद8य Eकसी
सौदे को अं$तम Oप देता है या जैसा Eक ि लयरंग कॉपरेशन oारा द गई अनुम$त के अनुसार िजसके सौदे
को अं$तम Oप दया जाता है। इस …ाहक या संघटक को $नवेशक भी कहा जा सकता है।
प4ट करण 1: …ाहक और संघटक श‰द का )योग उप $नयम; के अंतग.त एक ह अथ. म Eकया जाता है
और जैसा यहाँ बताया गया है दोन; का वह अथ. होगा जो यहाँ बताया गया है।
प4ट करण 2: संदभ. के अनुसार, Eकसी ~ेड के अंतग.त, “संघटक” क1 परभाषा म वह “~ेडंग सद8य” भी
शा मल होगा, जहां 8वा मwव ~ेड स हत ऐसे ~ेड को , संबिlधत ए सचज पर, उसक1 ओर से ि लयरंग
सद8य oारा समाशो7धत और $नपटान Eकया जाता है।
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[PART IV
2.1.18
"लोज-आउट या लोिजंग आउट या वेयर ऑफ" का अथ. है एक समान तथा ,वपरत ि8थ$त के साथ
एक दशा म एक बकाए खुल ि8थ$त का $नर8तीकरण।
2.1.19
"सपाVव?" का अथ. और उसम शा मल होते ह# नकद या ,वhीय )पŒ होते ह# (िजसम अlय के अलावा
Eफ 8ड डपॉिजट रसीद, ब#क गारंटज, सरकार )$तभू$तयां तथा तरल Qयूचुअल फं•स या सरकार
)$तभू$तयां, माlयता)ाb वेयरहाउ संग कॉपरेशंस क1 रसीद भी शा मल होते ह#) तथा/या समय-समय पर
आरं भक मािजŽन के )ावधान या इन उप-$नयम;, इनके तहत बने $नयम; व ,व$नयम; के अनुOप अlय
जमाओं के लए तथा मािज.न; के लए संब} )ा7धकार oारा द गई अ7धसूचनाओं तथा/या सकु. लर; oारा
8वीकृत कमोडटज।
2.1.20
"स+म.त" का अथ. होता है बोड. या संब} )ा7धकार oारा $नयुG एक समूह या FयGय; का एक $नकाय, जो
बोड. oारा तथा/या इन उप-$नयम; के तहत अ$नवाय. वKण.त काय• या िजQमेदारय; को संपlन करता हो।
2.1.21
"संबW एसचज" का अथ. है एससीआरए के तहत ,व7धवत Oप से माlयता)ाb कमोडट तथा/या मुVा
डेरवे टFस ए सचजेस समेत कोई 8टॉक ए सचज, िजसने अपने ~ेडंग सद8य; के बीच अपने ~ेडंग
लैटफॉम. पर संपlन सौद; के समाशोधन व $नपटाने के लए ि लयरंग कॉपरेशन के साथ एक Fयव8था
बनाई हो, ताEक फं•स पे-इन, स योरटज डे लवर तथा ऐसे सौद; से जुड़े पे-आउट उhरदा$यwव; के $नवा.ह
को पूरा Eकया जा सके।
2.1.22
“सं;वदा या अनुबंध” वह )Evया है िजसके मा€यम से )$तभू$तय; का vय और ,वvय संबिlधत होता है।
2.1.23
"सं;वदा मह ना या आपू.त? मह ना" का अथ. वह महना है िजसम डेरवे टFस कॉl~ै ट के संदभ. म सं,वदा के
लए पN; oारा अं$तम $नव.हन हेतु सं,वदाwमक दा$यwव देय होता है।
2.1.24
"सं;वदा ;व.नदXशन" का अथ. होता है Eकसी संब} ए सचज पर ~ेडंग के लए Eकसी 8वीकृत )$तभू$त क1
मानक1कृत Fयापारक व तकनीक1 शत•, िजसम शा मल हो सकते ह#- सं,वदा का आकार, सं,वदा माह, ~ेडंग
के घंटे, अंत$न. हत, lयूनतम मूय उतार-चढ़ाव, अं$तम ~ेडंग दवस, $नपटारा आधार तथा ऐसे ह अlय
,ववरण िजसे ऐसे ए सचज oारा जार तय गए ह; और समाशोधन तथा $नपटारा )Evया को पूरा करने के
लए ि लयरंग कॉपरेशन oारा 8वीकार Eकए गए ह;।
2.1.25
"कॉप)रेट काय?वाह " का अथ. है ऐसी घटना जो Eकसी कंपनी म भौ$तक परवत.न लाती हो और उसके
सामाlय और ,वशेष शेयरधारक; समेत, अlय शेयरधारक; और बाँड धारक; को )भा,वत करती हो। इन
घटनाओं को कंपनी के $नदेश मंडल oारा मंजूर द जाती है; शेयरधारक; को कुछ घटनाओं पर मतदान करने
क1 भी अनुम$त द जा सकती है और सामाlयतः इसम शा मल होते ह#- लाभांश, बोनस, राइ„स शेयस.,
8टॉक ि8पट के परणाम8वOप शेयर; का $नग.मन, 8टॉक एक1करण, ,वलय;/$न,व.लय; क1 योजनाएं,
ि8पनऑ•स, समामेलन, पूंजी पुनर.चना तथा ऐसे ह अlय ,वशेषा7धकार या समान )कृ$त क1 घटनाएं िजlह
समय-समय पर ि लयरंग कॉपरेशन को सू7चत करते हुए संब} ए सचज oारा $न द.ƒ Eकया जा सकता है।
2.1.26
"अ+भरYक /.तभागी" का अथ. है एक ऐसा )$त“ान जो ि लयरंग कॉपरेशन म पंजीकृत हो और संब}
ए सचज पर एक ि लयरंग सद8य के ज़रए उनके सौद; के समाशोधन तथा $नपटारा करता हो।
2.1.27
“अ+भरYक या कटो डयन” इसका वह अथ. होता है जैसा Eक भारतीय )$तभू$त और ,व$नमय बोड.
(क8टोडयन )$तभू$त) ,व$नयम 1996 म Fया”या$यत Eकया गया है।
2.1.28
"दै.नक .नपटारा मू य" का अथ. है ए सचज तथा/या ि लयरंग कॉपरेशन oारा )8ता,वत ,व7धय; के अनुOप
$नधा.रत हरेक )$तभू$त के लए आ7धकारक दै$नक मूय।
2.1.29
".न;वदा के दवस या .न;वदा दवस" का अथ. है वे दन िजनम संब} आपू$त. द8तावेज़ तथा )माKणत
वेयरहाउस रसीद; को ि लयरंग कॉपरेशन म )8तुत करने क1 अनुम$त द जाती है।
2.1.30
"सौदे या [ेड" का अथ. है एक इले ~ॉ$नक ~ांजै शन जो समOपी क1मत; तथा Eकसी 8वीकृत )$तभू$त या
सं,वदा के संदभ. म ,व शƒ व ए सचज के ~ेडंग सद8य; oारा 8वीकाय. माŒाओं पर )8तुत vय आदेश तथा
,वvय आदेश; के अनुOप उपजते ह; और Eकसी ए सचज के ~ेडंग लैटफॉम. पर मै7चंग से ि लयरंग
PART IV]
THE GAZETTE OF INDIA, JUNE 17, 2017 (JYAISTHA 27, 1939)
1231
कॉपरेशन के उप-$नयम;, $नयम; तथा ,व$नयम; के तहत संब} ए सचज के उप-$नयम;, $नयम; तथा
,व$नयम; के संदभ. म vेता तथा ,वvेता के )$त उhरदा$यwव पैदा करता हो।
2.1.31
“चूककता? क\ घोषणा” यथेƒ अ7धकार oारा Eकसी ि लयरंग सद8य क1 चूककता. के Oप म घोषणा।
2.1.32
" डफॉ ट" का वह अथ. होता है जो इन उप-$नयम; म "डफॉट क1 घटना” के पद का है।
2.1.33
" डफॉ टर" का अथ. एक ऐसा ि लयरंग सद8य है िजसे ि लयरंग कॉपरेशन के उप-$नयम; तथा $नयम; के
अनुOप डफॉटर घो,षत कर दया गया हो।
2.1.34
“सुपुद?गी से आशय” वेयर हाउस रसीद; या समान से संबिlधत 8वwव )माण पŒ को, अनुबंध समाधान
(डेलवेर सेटलमट) म सुपुद.गी आदेश के मा€यम से देना और उlह )ाb करना होता है।
2.1.35
"आपू.त? क " ऐसे 8थान या अवि8थ$तयां होते ह#, जहां संब} ए सचज पर ~ेडंग के लए अनुम$त )ाb
)$तभू$तय;/कमोडटज के अंत$न. हत क1 ,वvेता oारा आपू$त. क1 जा सकती है।
2.1.36
" आपू.त? दवस" का अथ. होता है वह दन िजसम Eकसी )$तभू$त या सं,वदा के संदभ. म एक $नपटारा
दा$यwव के एवज म आपू$त. संपlन क1 जाएगी।
2.1.37
" आपू.त? आदेश" का अथ. है वKण.त 8वOप म Eकसी ,वvय सद8य oारा ि लयरंग कॉपरेशन को जार Eकया
गया एक आदेश/अ भ)ाय, जो Eकसी समाb हो रह सं,वदा के एवज म अपने दा$यwव के $नव.हन म एक या
अ7धक 8वीकृत आपू$त. क V; क1 पेशकश करने वाले इसके लाइंट या से संघटक से )ाb $नदpश; के संदभ. म
हो।
2.1.38
“आपू.त? अव@ध” उस अव7ध को कहा जाता है िजस अव7ध के अंदर, काया.िlवत लेन देन; को पूरा करने के
लए, ि लयरंग कॉपरेशन के इन $नयम;, उप $नयम; और ,व$नयम; का अनुपालन करते हुए सं,वदा क1
शत• के अनुसार सामान/ पCय; क1 सुपुद.गी क1 जाती है या इनम से Eकसी म भी $न हत अ7धकार; का
)योग करके सुपुद.गी का आदेश जार Eकया जाता है। इसके अंतग.त ए सचजो/ ि लयरंग कॉपरेशन oारा
,व भlन सं,वदा महन; के लए घो,षत टडर दन भी शा मल होते ह#।
2.1.39
"आपू.त? .नपटारा" एक ऐसी )Evया है जहां vेता ि लयरंग सद8य ,वvेता ि लयरंग सद8य को आव•यक
भुगतान अदा कर अपनी ओर के लेनदेन को पूरा करेगा और इसके एवज म ,वvेता ि लयरंग सद8य
)$तभू$तय; को vेता ि लयरंग सद8य को ह8तांतरत करेगा या उसे अंत$न. हत क1 आपू$त. करेगा। $नपटारा
तब पूरा होगा जब ि लयरंग कॉपरेशन या इसक1 एज सयां vेता को )$तभू$तय; या अंत$न. हत के 8वा मwव
का ह8तांतरण करेगा और फंड; को ,वvेता क1 ओर ह8तांतरत Eकया जाता है।
2.1.40
“ डपॉजीटर ” उस कंपनी को कहते ह# िजसका गठन और पंजीकरण, कंपनी अ7ध$नयम 1956 (1956 का 1)
के तहत Eकया जाता है और िजसे 1992 (1992 का 15) के तहत भारतीय )$तभू$त और ,व$नमय बोड. के
अ7ध$नयम 12, उप $नयम (1ए) का पंजीकरण )माण पŒ )दान Eकया गया हो।
2.1.41
डरेवेटव म $नQन लKखत शा मल ह#—
a.
ऋण )लेख, शेयर, लोन से जुड़ी कोई सुर˜Nत या असुर˜Nत )$तभू$त, अंतर के लए जोKखम )लेख या
सं,वदा या Eकसी अlय )कार क1 )$तभू$त;
b.
एक ऐसी सं,वदा िजसका मूय, मूल पCय/ माल क1 क1मत;, क1मत; के सूचकांक से संचा लत होता है।
c.
कमोडट डेरवे टFस; और
d.
ऐसे अlय )कार के )लेख िजlह क V सरकार oारा डेरवे टFस घो,षत Eकया गया हो/ Eकया जा सकता
हो।
2.1.42
"अनुशासनाcमक काय?वाह स+म.त" का अथ. बोड. या संब} )ा7धकार oारा ग ठत एक स म$त है, जो संब}
)ा7धकार oारा इन उप-$नयम;, समाशोधन या $नपटारा )णाल म ि लयरंग सद8य या Eकसी )$तभागी oारा
$नयम; या ,व$नयम; या एक ि लयरंग सद8य या एक )$तभागी के Oप म अपने Fयवहार म Eकसी
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THE GAZETTE OF INDIA, JUNE 17, 2017 (JYAISTHA 27, 1939)
[PART IV
अ भयोिजत या किपत उलंघन, िजसम संब} )ा7धकार के कानूनी $नदpश; के जानबूझ कर अनुपालन न
करना शा मल है, के संदभ. म मूयांकन, ,वचार तथा/या $नण.य लेती हो।
2.1.43
"देय .त@थ/सं;वदा समािdत दवस/सं;वदा प%रपवता दवस" का अथ. वह परप वता $त7थ है (अं$तम दन)
िजस पर Eकसी ,व शƒ कमोडट डेरवे टव या कोई अlय )$तभू$त समाb होती हो और उसके बाद ~ेडंग के
लए उपल‰ध न रहती हो।
2.1.44
“देय .त@थ दर” Eकसी सं,वदा माह के दौरान देय $त7थ पर, संबिlधत ए सचज या ि लयरंग कॉपरेशन oारा
$नधा.रत ,व7ध के अनुसार, सुपुद.गी करके या Eकसी अlय )कार से, सभी बकाया सं,वदाओं के $नपटान के
लए $नधा.रत क1 गई $नपटान रा श को “देय .त@थ दर” कहा जाता है।
2.1.45
“चूककता? होने क\ घटना” यह उस घटना vम को कहते ह# जब कोई सNम )ा7धकार Eकसी ि लयरंग
सद8य को “चूककता.” घो,षत करता है।
2.1.46
“एसचज” इसका अथ. होता है 8टॉक ए सचज िजसे उिलKखत अव7ध के लए क V सरकार oारा धारा 4 के
अंतग.त माlयता )दान क1 गई है।
2.1.47
"एसचज सदय या [े डंग सदय" का अथ. )$तभू$तय; या ऐसी सं,वदाएं िजlह ए सचज म कारोबार करने
क1 अनुम$त मल हो, क1 ~ेडंग के लए संब} ए सचज क1 सद8यता क1 अनुम$त)ाb एक )$त“ान है और
8पƒ Oप से वKण.त न Eकए जाने तक इसके अथ. म उG 8टॉक ए सचज कंपनी का Eकसी शेयरधारक शा मल
नहं होगा।इस संदभ. म ए सचज क1 सद8यता का अथ. 8टॉक ए सचज कंपनी म शेयरधारण नहं होगा।
2.1.48
"एसचज .नयम या एसचज के .नयम" का अथ. है Eकसी भी नाम से )भावी संब} ए सचज के $नयम
और िजसे समय-समय पर संशो7धत Eकया जा सकता है और इसम ऐसे ए सचज के उप-$नयम तथा
,व$नयम;/Fयवसाय $नयम शा मल होते ह#।
2.1.49
“एससा?इज़” Eकसी ऑ शन कां~े ट म ए सचज या ि लयरंग कॉपरेशन oारा $नधा.रत $नयम, उप $नयम
और ,व$नयम के अनुसार तथा इनके अधीन, अ7धकार धारक oारा अपने अ7धकार के )योग को “एससा?इज़”
कहा जाता है।
2.1.50
"समािdत .त@थ या समापन .त@थ" का अथ. होता है वह $त7थ िजस पर सं,वदा समाb होगी और ऑ शन
कॉl~ै ट क1 ि8थ$त म यह उस $त7थ को देय या िजस $त7थ तक Eकसी ऑ शन का धारक ऑ शन का
इ8तेमाल कर सकता है या इसे मूयहन Oप म समाb होने क1 अनुम$त देगा।
2.1.51
"समापन समय •यूचस. या ऑ शन सं,वदा क1 समापन $त7थ पर Fयवसाय घंट; का समापन होता है या ऐसा
कोई अlय समय होता है िजसे समय-समय पर संब} )ा7धकार oारा ,व$न द.ƒ Eकया जा सकता है।
2.1.52
“अं.तम .नपटान मू य” Eकसी सं,वदा के )संग म इसका आशय, सं,वदा शत• के अनुसार या Eकसी सNम
)ा7धकार oारा $नधा.रत )णाल के अनुसार, सं,वदा के $नपटान के लए ि लयरंग कॉपरेशन oारा $नधा.रत
देय $त7थ दर को “अं$तम $नपटान मूय” कहा जाता है।
2.1.53
"gयूचर कॉ0[ैट" ए सचज के ~ेडंग लैटफॉम. पर उसके सद8य; के बीच Eकसी )$तभू$त या सं,वदा के
समापन $त7थ पर एक पूव.$नधा.रत मूय पर खरद या šबv1 के लए Eकया गया एक समझौता होता है।
2.1.54
"मािज?न" का अथ. होता है Eकसी )$तभू$त म एक पोिजशन 8था,पत करने या उसे बनाए रखने के लए एक
जमारा श या समपा›. का भुगतान करना और इसम अlय इ$न शयल मािज.न के बीच शा मल होते ह#
ऐडशनल मािज.न, वेरएशन मािज.न, टडर पीरयड मािज.न, 8पेशल मािज.न, डे लवर मािज.न, ए स~म लॉस
मािज.न या Eकसी अlय )कार का मािज.न जो ए सचज तथा/या ि लयरंग कॉपरेशन oारा समय-समय पर
)योœय हो।
2.1.55
"माकX ट ऑड?र" का अथ. होता है Eकसी )$तभू$त या सं,वदा क1 एक ,व$न द.ƒ माŒा िजसे सवhम उपल‰ध
ऑड.र मूय पर या ए सचज के ~ेडंग लैटफॉम. पर ,वपरत )कार के ऑड.र क1 एं~ के समय पर ए सचज
के ~ेडंग लैटफॉम. पर )च लत मूय पर खरद या šबv1 क1 जाए।
PART IV]
THE GAZETTE OF INDIA, JUNE 17, 2017 (JYAISTHA 27, 1939)
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2.1.56
"माकX ट सेhमट" का अथ. है संब} ए सचज oारा उसके सद8य; oारा ~ेडंग के लए अपने ~ेडंग लैटफॉम.
पर उपल‰ध कराई गई )$तभू$तय; या सं,वदाओं क1 ˆेणी।
2.1.57
"माकX ट टु माकX ट सेटलमट" का अथ. है Eकसी दै$नक आधार पर संपlन लाइं„स या संघटक; के सभी खुले
पोिजशन; का $नपटारा और इसम शा मल होते ह# वे पोिजशंस जो इं~ा-डे पर लोज आउट होते ह#।
2.1.58
"माह" का अथ. होता है एक महना िजसे Eकसी अlय तरके का उलेख Eकए जाने तक अं…ेजी कैलडर के
अनुOप 7गना जाए।
2.1.59
“नवाचार/ नोवेशन” यह वह ि8थ$त होती है जब ि लयरंग कॉपरेशन अपने $नण.य के अनुसार 8वयम को दो
पN; के बीच सिlन,वƒ करके ह8तNेप करता है और दोन; पN; का वैधा$नक )$तपN बन जाता है।
2.1.60
"ओपन पोिजशन" का अथ. है कोई ऐसी )$तभू$त िजसे Eकसी ऑफसे टंग ~ांजै शन या डे लवर या नकद
$नपटारे oारा लि वडेट Eकया गया हो या िजसका सं,वदा ,व$नदpशन म उलेख हो।
2.1.61
"ऑdशंस कॉ0[ैट" एक vेता तथा ,वvेता के बीच एक समझौता होता है, जो ऑ शन के vेता को एक
अ7धकार देता है न Eक वह Eकसी बाद क1 $त7थ पर Eकसी सहमत मूय पर एक ,वशेष )$तभू$त क1 खरद
करे न Eक इसक1 बा€यता देता है।इसका अथ. वह होता है जो संब} अ7ध$नयम; के तहत "ऑ शंस कॉl~ै ट”
पद का अथ. होता है।
2.1.62
"ऑड?र" का अथ. है ,वशेष )$तभू$तय; या सं,वदाओं के लए संब} ए सचज oारा ~ेडंग लैटफॉम. के ज़रए
8वीकृत Eकसी सं,वदा को खरद आ šबv1 करने का एक ऑफर।
2.1.63
"बकाया दा.यcव" ऐसा दा$यwव होता है िजसे न ह बंद Eकया गया हो और न ह िजसे $नपटाया गया हो।
2.1.64
"/.तभागी" का अथ. और िजसका आशय है समय-समय पर ऐसे उ•े•य के लए इस तरह के $नयम और
,व$नयम; के अनुOप उG )Evयाओं को संपlन करने क1 )Evया को सुगम बनाने हेतु ि लयरंग क1 )Evया
और $नपटान )णाल क1 एक या एका7धक )Evयाओं म भाग लेने क1 एक Fयव8था या समझौते के मा€यम
से ि लयरंग कॉपरेशन oारा माlयता)दh या अनुम$त )दh एक )$त“ान, जो संब} )ा7धकार oारा सुझाए
$नयम-शत• के अधीन हो।
2.1.65
ए सचज म संपlन सौद; या लेनदेन; के संदभ. म "पे-इन" का अथ. होता है संब} ि लयरंग सद8य; oारा
ि लयरंग कॉपरेशन को या इसके माlयता)ाb या माlय एज सय; को हरेक )$तभू$त या सं,वदा के लए
पृथक Oप से ि लयरंग कॉपरेशन oारा अ7धसू7चत )योœय $नपटारा काय.vम के अनुOप फंड / )$तभू$तयां /
अंत$न. हत परसंप,hय; या ऐसी ह अlय परसंप,hय; को उपल‰ध करवाना।
2.1.66
"पे-इन.त@थ" का अथ. होता है हरेक $नपटारे के लए ि लयरंग कॉपरेशन oारा )8ता,वत $त7थ और समय,
िजस $त7थ और समय तक ि लयरंग सद8य; को ि लयरंग कॉपरेशन को फंड; / )$तभू$तय; के ,व)ेषण या
)योœय अंत$न. हत परसंप,hय; क1 आपू$त. के oारा अपने दा$यwव का पालन करना होता है।
2.1.67
संब} ए सचज म संपlन सौद; या लेनदेन; के संदभ. म "पे-आउट" का अथ. होता है ि लयरंग कॉपरेशन
oारा उन ि लयरंग सद8य; को फंड / )$तभू$तयां को जार करना, जो हरेक )$तभू$त या सं,वदा के लए
ि लयरंग कॉपरेशन oारा अ7धसू7चत )योœय $नपटारा काय.vम के अनुOप ि लयरंग कॉपरेशन म अपने
संबं7धत पे-इन दा$यwव; को पूरा करने पर उlह )ाb करने का अ7धकार )ाb कर लेते ह#।
2.1.68
"पे-आउट.त@थ" का अथ. होता है हरेक $नपटारे के लए ि लयरंग कॉपरेशन oारा )8ता,वत $त7थ और
समय, िजस $त7थ और समय तक ि लयरंग कॉपरेशन को ि लयरंग सद8य; तथा/या उनके लाइं„स के
संब} खात; म फंड; / )$तभू$तय; या अंत$न. हत परसंप,hय; को जार करना होता है।
2.1.69
"पोिजशन +ल+मट" का अथ. होता है Eकसी FयG oारा (चाहे )wयN या अ)wयN Oप से, तथा चाहे ऐसे
FयG oारा FयGगत Oप से या ऐसा FयG Eकसी अlय FयG अथवा FयGय; के साथ काय. करता हो) या
संब} ए सचज के Eकसी ~ेडंग सद8य oारा रखे या $नयंšŒत ओपन पोिजशन पर लगी कोई सीमा, िजसे
ए सचज तथा/या ि लयरंग कॉपरेशन समय-समय पर Eकसी )$तभू$त के संदभ. म लगा सकती है।
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THE GAZETTE OF INDIA, JUNE 17, 2017 (JYAISTHA 27, 1939)
[PART IV
2.1.70
"वा+मcव खाता" का अथ. ए सचज के ~ेडंग सद8य क1 बह म एक ऐसा खाता होता है िजसके लए ~ेडंग
सद8य के )ोराइटर पोिजशंस को $नधा.रत Eकया जाता है।
2.1.71
";व.नयमन" के अथ. और उसम शा मल होते ह# समाशोधन तथा $नपटारा )Evयाओं तथा ि लयरंग
कॉपरेशन के )बंधन तथा Fयवहार को संचा लत करने तथा उlह $नयंšŒत करने वाले सभी परचालनाwमक
स}ांत, तथा पारामीटर, िजlह ि लयरंग कॉपरेशन के )बंधन, सभी )$तभा7गय; व ि लयरंग सद8य; oारा
अनुपा लत Eकया जाना होता है।
2.1.72
"संबW /ा@धकार" के अथ. और उसम शा मल होते ह# ि लयरंग कॉपरेशन का )बंध $नदेशक तथा/या सीईओ
और साथ ह ि लयरंग कॉपरेशन के वर“ )बंधन अ7धकार/काय.पालक िजlह समु7चत अ7धकार सžपे गए
होते ह# और िजlह ि लयरंग कॉपरेशन के कामकाज के ,व भlन NेŒ; के मामल; को संचा लत करने का
अ7धकार सžपा गया होता है।
2.1.73
“.नयम” इसके अंतग.त एससीआरए के तहत सेबी oारा अनुमो दत, मट कमोडट ए सचज, ि लयरंग
कॉपरेशन ल मटेड के $नयम तथा उनके आधार पर बने $नयम और ,व$नयम या/ और सेबी अ7ध$नयम के
अंतग.त बने $नयम और ,व$नयम आते ह# और इlह $नयम कहा जाता है।
2.1.74
"एससीआरए" )$तभू$त सं,वदा (,व$नयम) अ7ध$नयम1956 का सं˜Nb Oप है।
2.1.75
"एससीआरआर" )$तभू$त सं,वदा (,व$नयम) $नयम1957 का सं˜Nb Oप है।
2.1.76
"सेबी" भारतीय )$तभू$त एवं ,व$नयम बोड. का सं˜Nb Oप है।
2.1.77
"एसईसीसी" )$तभू$त सं,वदा (,व$नयम) (8टॉक ए सचज तथा ि लयरंग कॉपरेशन) ,व$नयम 2012 का
सं˜Nb Oप है।
2.1.78
“/.तभूत या और /.तभू.तयj” म .नन शा+मल हM -
i.
शेयर, ि8v स, बोC•स, डबचर, डबचर 8टॉक या अlय šबv1 यो‡य एक ह )कार क1 )$तभू$तयाँ जो
Eकसी $नग मत कंपनी या Eकसी अlय कॉरपोरेट बॉडी म ह;।
ii. डरेवे टFज;
iii. $नवेशक; को सामू हक $नवेश योजना जैसी योजनाओं के तहत जार इकाइयां या इस )कार के लखत।
2.1.79
";वFेता" का अथ. है Eकसी )$तभू$त का ,वvेता।
2.1.80
";वFय िलय%रंग सदय" का अथ. है एक ि लयरंग सद8य जो Eकसी लाइंट या Eकसी ऐसे संघटक के
समाशोधन और $नपटारा से $नपटता हो, िजसने या िजसके लाइंट ने संब} ए सचज के ~ेडंग •लोर पर
एक )$तभू$त बेची हो, िजसके अनुOप यह सभी )8ता,वत )Evयाओं का पालन करते हुए ,वvय दा$यwव का
सQमान करने के लए बा€य हो।
2.1.81
".नपटारे" म शा मल होते ह# आपू$त. $नपटारा तथा/या माकp ट टु माकp ट सेटलमट।
2.1.82
".नपटारा दवस" का अथ. होता है वह दन िजसे ि लयरंग कॉपरेशन oारा इन उप-$नयम;, $नयम; तथा/या
,व$नयम; के अनुOप तथा संब} )ा7धकार oारा )8ता,वत या $नदpशानुसार अपने सद8य; के लए, उनके
)$तभू$त लेनदेन दा$यwव; को $नपटाने हेतु $नधा.रत Eकया जाता हो।
2.1.83
".नपटारा गारंट फंड" का अथ. वह फंड होता है िजसक1 8थापना और संचालन इन उप-$नयम; के अनुOप
ि लयरंग कॉपरेशन oारा Eकया जाता है।
2.1.84
"[ाइक /ाइस या एसरसाइज /ाइस" का अथ. वह मूय होता है िजसपर Eकसी ऑ शन कॉl~ै ट के
अंत$न. हत को खरदा या बेचा जा सकता है अथवा वह मूय िजस पर Eकसी ऑ शन कॉl~ै ट को संचा लत
Eकया जाता हो।
PART IV]
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2.1.85
इन उप-$नयम; के )योजन हेतु "लेनदेन या सौदा या [े डंग तथा [ेड" और ऐसे ह समथ¢ श‰द; का अथ.
होगा इन उप-$नयम; म वKण.त सौदे और साथ ह िजसका अथ. वे )$तभू$त लेनदेन भी ह;गे िजlह ि लयरंग
कॉपरेशन के ज़रए समाशो7धत Eकए जाते ह; व $नपटाए जाते ह;।
2.1.86
"अंत.न?हत" (अंडरलाइंग) का अथ. होता है एक परसंप,h िजस पर डेरवे टव कॉl~ै ट का मूय $नभ.र करता
हो।
2.1.87
"वेयरहाउस" के अथ. और उसम शा मल होते ह# कोई ऐसा भंडारण 8थान, गोदाम, ट#क, साइलो, भंडारघर,
वॉट इwया द जहां कमोडटज को )ाb कर उlह भंडारत Eकए जा सके।
2.1.88
"वेयरहाउस / वॉ ट रसीद" का अथ. होता है एक द8तावेज, चाहे वह एक वा8त,वक या इले ~ॉ$नक 8वOप म
हो और Eकसी 8वीकृत या माlयता)ाb वेयरहाउस म रखे जा रहे कमोडट का सा£य )8तुत करते ह;।
2.1.89
"वेयरहाउस सेवा /दाता (WSP)" का अथ. है Eकसी अंत$न. हत परसंप,hय; के भंडारण तथा रNण के लए
ि लयरंग कॉपरेशन oारा 8वीकृत तथा माlयता)दh कोई एजसी।
2.2
;ववेचना
2.2.1
जबतक Eक ,वपरत उ•े•य न )दान Eकया जाए:
(a) Eकसी भी लंग के संदभ. म अlय शा मल होगा।
(b) इन उप-$नयम; के एकवचन म शा मल ह# बहुवचन और बहुवचन वाले श‰द; म शा मल ह# एकवचन वाले
श‰द।
(c) ‘समय’ के लए एक संदभ. का अथ. है भारत का कोई समय, जबतक Eक अlयथा न उलेख Eकया
जाए।
(d) जहां एससीआरए या एससीआरआर के )ावधान; या सेबी अ7ध$नयम या कानून या ,वधान के Eकसी
अlय )ावधान; म कोई संदभ. दया जाए, तो वह समय-समय पर संशो7धत उG )ावधान का संदभ.
होगा।
(e) जहां इन उप-$नयम; म Eकसी वैधा$नक )ावधान को लेकर कोई संदभ. हो, वह भारत के कानून; का
हवाला देगा।
(f) Eकसी ,वधान या कानून या उसके Eकसी )ावधान के Eकसी संदभ. म शा मल होगा ऐसे Eकसी कानून का
कोई हवाला िजसे उस $त7थ के बाद समय-समय पर संशो7धत, संपूरत या पुनःअ7ध$नय मत Eकया जा
सकता है तथा Eकसी अ7ध$नयम के संदभ. म शा मल होगा समय-समय पर उसके तहत बना अधीन8थ
कानून।
2.2.2
शीष.क केवल सु,वधा के लए दए गए ह# और वे इन उप-$नयम; क1 ,ववेचना को )भा,वत नहं करते।
2.2.3
इन उप-$नयम; के अधीन, Eकसी ि लयरंग सद8य, उसके Eकसी संब} लाइं„स (को संब} ए सचज का
सद8य हो), ि लयरंग ब#क, वेयरहाउ संग )$त“ान, वेयरहाउस सेवा )दाता, $नNेपागार, वॉ„स या संब}
सेवाओं तथा संब} ए सचज; से जुड़े Eकसी तीसरे पN तथा ि लयरंग कॉपरेशन के ,व-} इन उप-$नयम;
क1 ,ववेचना के संदभ. म ि लयरंग कॉपरेशन का फैसला अं$तम होगा।
2.2.4
इन उप-$नयम; म, Eकसी ि लयरंग सद8य क1 जानकार के संदभ. म शा मल होगा उस ि लयरंग सद8य
का )$त“ान या एजसी का कोई $नदेशक, $नयंŒक, शेयरधारक, अ7धकार, कम.चार या )$त$न7ध िजसे
उपरोG पारा 2.2.3 म वKण.त Eकया गया हो।
2.2.5
ऊपर परभा,षत श‰द; तथा पद; का अथ. इन उप-$नयम; म )युG लोअर केस वाला ह होगा, जबतक Eक
अlयथा सू7चत न Eकया जाए।
2.2.6
इन उप-$नयम; म )युG श‰द; तथा अ भFयG, िजlह यहां परभा,षत न Eकया गया हो, वह अथ. ह;गे जो
उlह संब} अ7ध$नयम; तथा उनके तहत बने $नयम; या ,व$नयम; के तहत उlह दए गए ह#।
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2.2.7
इन उप-$नयम; को संब} अ7ध$नयम; तथा $नयम; व ,व$नयम; क1 आव•यकताओं के साथ अनुपालना के
लए, ि लयरंग कॉपरेशन के उ•े•य; तथा Fयवसाय; को )भावी करने के लए तथा यह सु$नि°त करने के
लए Eक ि लयरंग कॉपरेशन के कारोबार के संबंध म सभी प}$तय; और साथ ह संब} ए सचज; पर
संपlन सौद; के समाशोधन तथा $नपटारे क1 )Evया के कामकाज; को एक $न±पN, lयायपूण., उ7चत तरके
से संचा लत Eकया जाए, ताEक बाजार; क1 अखंडता को बरकरार रखा जा सके, संब} ए सचज;, ि लयरंग
कॉपरेशन और उस संब} ए सचज म, िजसक1 ओर से ि लयरंग तथा $नपटारा के कामकाज; को पूरा Eकया
जा रहा हो, ि लयरंग सद8य; पर $नवेशक; के ~ेडंग क1 रNा क1 जा सके।
3. उप-.नयमj के अनु/योग
3.1
ये उप-$नयम सौद; / सं,वदा के समाशोधन तथा $नपटारे और संब} ए सचज (एका7धक) पर ~ेड क1 गई )$तभू$तय;
क1 आपू$त. का संचालन करगे, जो ि लयरंग कॉपरेशन को ऐसे ए सचेज; के ~ेडंग लैटफॉम. पर संपlन सौद; /
सं,वदाओं के समाशोधन तथा $नपटारा हेतु उसके ि लयरंग व सेटमट ढांचे और सु,वधाएं )दान करने का $नदpश देते
ह#।
3.2
ये उप-$नयम, Eकसी अlय संदभ. म आव•यक न होने तक या जबतक Eक संब} ए सचज; oारा या समय-समय पर
ि लयरंग कॉपरेशन से अlय Oप म ,व$नदp शत न Eकया जाए, संब} ए सचज; के सभी )कार के बाजार खंड; पर
लागू ह;गे।
3.3
ये उप-$नयम $नQन लKखत पर लागू ह;गे:
a. ि लयरंग कॉपरेशन के सभी ि लयरंग सद8य; पर तथा जहां लागू ह; उनके अ7धकृत )योGाओं पर;
b. ि लयरंग कॉपरेशन के सभी ि लयरंग सद8य; पर पार8परक Oप से;
c.
संब} ए सचज के सद8य; पर जो 8वयं को ि लयरंग कॉपरेशन के ि लयरंग सद8य; से संब} करवाता है, जहां
ऐसे ए सचज ने अपने ~ेडंग लैटफॉम. पर ऐसे सद8य; oारा संपlन सौद; को समाशो7धत करने तथा $नपटारा
करने के लए ि लयरंग कॉपरेशन के साथ एक बा€यकार समझौता संपlन Eकया हो;
d. ऐसे संब} ए सचज; पर, िजसने अपने ~ेडंग लैटफॉम. पर संपlन सौद; / सं,वदाओं के संबंध म सभी तथा संब}
कामकाज; समेत समाशोधन तथा $नपटारा काय• को सुगम बनाने के लए ि लयरंग कॉपरेशन के साथ एक
बा€यकार Fयव8था तय क1 हो या समझौता संपlन Eकया हो;
e. ऐसे अlय FयGय; या )$त“ान; पर, िजनम शा मल ह;गे एक या एका7धक वेयरहाउस सेवा )दाता, वेयरहाउस
)$त“ान, $नNेपागार तथा/या सुर˜Nत वॉ„स, ि लयरंग ब# स, अ भरNक तथा ऐसी अlय एज सयां जो
ि लयरंग कॉपरेशन क1 समु7चत सेवाएं )दान करते ह; तथा संब} ए सचज; के ~ेडंग लैटफॉम. पर संपlन
सौद; के $नपटारे का $नव.हन करते ह;; तथा
f.
कोई अlय )$त“ान या एजसी िजसे संब} )ा7धकार ,व$न दƒ करता हो या समय-समय पर िजसके बारे म
अ7धसू7चत करता हो,
3.4
जब तक ,वशेष Oप से छूट न )दान क1 जाए, ये उप-$नयम सभी या Eकसी समाशोधन खंड पर लागू ह;गे जो
ि लयरंग कॉपरेशन पर परचा लत हो या उसके oारा संचा लत हो और जैसा Eक समय-समय पर ि लयरंग
कॉपरेशन oारा ,व$न द.ƒ हो।
3.5
जब तक Eक इन उप-$नयम; म )दh न हो, Eकसी तीसरे पN के पास इन उप-$नयम; के )ावधान; या उनके तहत
$न म.त ,व$नयम; के )वत.न का अ7धकार नहं है।
4. समाशोधन खंड, उप-खंड तथा उcपाद
4.1
संब} )ा7धकार के पास $नQन लKखत को 8था,पत करने का अ7धकार होगा:
4.1.1
ए सचजवार तरके से समाशोधन खंड;
4.1.2
ऊपर बताए 4.1.1 म ऐसे हरेक ए सचज के संदभ. म सौद; के समाशोधन व $नपटारे के लए समाशोधन
तथा $नपटारे के लए समाशोधन उप-खंड;
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4.1.3
हरेक समाशोधन खंड तथा/या संब} ए सचज (एका7धक) के उप-खंड के संदभ. म समाशोधन तथा/या
$नपटारा )णाल।
4.2
संब} )ा7धकार, एससीआरए के तहत यो‡य ऐसे समाशोधन खंड के तहत सं,वदाओं तथा )$तभू$तय; के समाशोधन व
$नपटारा काय. को संपlन करने के लए सहम$त जता सकता है।
4.3
संब} )ा7धकार $नQन लKखत काय. संपlन करेगा:
4.3.1
बाजार म उwपाद के कामकाज के अपने मूयांकन के आधार पर हरेक समाशोधन खंड, समाशोधन उप-खंड
तथा/या उwपाद के अ भलNण; या )ोफाइल को $नधा.रत करना, परव$त.त करना, बदलाव करना, संशो7धत
करना तथा सुगम समाशोधन तथा $नपटारे क1 )Evया के लए उwपाद; या )$तभू$तय; को पुनना. मत करना
या वग¢कृत करना;
4.3.2
जैसा यह उ7चत समझे, उस अनुOप Eकसी ,वशेष समाशोधन खंड, उप-खंड या सं,वदाओं या )$तभू$त के लए
ि लयरंग तथा/या $नपटारा काय• को र• करना या $नलिQबत करना।
4 . 4 संब} )ा7धकार हरेक ए सचज तथा/या समाशोधन खंड; या उप-खंड;, कृ,ष, मेटल तथा अlय कमोडटज के समूह; या
)$तभू$तय; के लए अलग-अलग ,वभाग ग ठत कर सकता है;
4.5
इन उप-$नयम; के )ावधान; के अधीन, संब} )ा7धकार के पास हरेक समाशोधन खंड तथा/या उप-खंड के संदभ. म
,व$नयम; के $नमा.ण क1 शGयां ह;गी:
4.5.1
उनके दN कामकाज तथा परचालन; के लए;
4.5.2
ि लयरंग कॉपरेशन के ि लयरंग सद8य;, उनके अ7धकृत )$त$न7धय; या FयGय;, 8वीकृत )योGाओं के
कामकाज; तथा ग$त,व7धय; के $नयंšŒत करने के लए;
4.5.3
करेक समाशोधन खंड या उप-खंड के भीतर उन सं,वदाओं के लए $नपटारे तथा आपू$त. ,व$नदpश; का
$नधा.रण करने के लए, िजlह संबं7धत ए सचज के ~ेडंग पर उपल‰ध कराया जाता है;
4.5.4
ि लयरंग कॉपरेशन पर सौद; के संदभ. म $नि°त आकार पाने वाले सभी दा$यwव; के म•ेनजर ि लयरंग
ब# स व वेयरहाउस सेवा )दाताओं के अलावा, िजlह ि लयरंग कॉपरेशन $नयुG कर सकता है, ना मत
एज सय; के ज़रए पे-इन तथा पे आउट )Evया को सुगम बनाना।
4.5.5
ि लयरंग कॉपरेशन या ि लयरंग ब# स के ज़रए या उनके साथ पार8परक कारोबार के तहत या उनके
ज़रए काम करने वाले सभी FयGय;, )$त“ान; या एज सय; के कामकाज का $नवा.ह करना।
5. सामा0य
5.1
अ.त%रत शितयां:
5.1.1
इन उप-$नयम; के तहत बोड. क1 शGयां ि लयरंग कॉपरेशन के संघ के अंत$न.यम; म $न हत )ावधान; के
अ$तरG ह#।
5.1.2
बोड. ि लयरंग कॉपरेशन के परचालन; को संपlन करने, आयोिजत करने, बहाल करने, ,व$नय मत करने,
$नयंšŒत करने तथा सुगम बनाने और ि लयरंग कॉपरेशन के सभी लेनदेन; को सुगम बनाने और इसके
एवज म यह शGयां )दान करेगा और संब} )ा7धकार को अ7धकार सžपेगा।
5.1.3
संब} )ा7धकार को उसी के अनुOप ि लयरंग कॉपरेशन के कारोबार के संचालन करने के लए सशG बनाया
जाता है। šबना Eकसी सीमा के, संब} )ा7धकार को इन उप-$नयम; के ,व भlन )ावधान; के अनुOप या
एससीआरए तथा/या एससीआरआर के )ावधान; के संदभ. म $नQन लKखत काय. के $नव.हन के लए अ7धकृत
है:
a.
Eकसी या सभी बाजार खंड; के संदभ. म उन ए सचज; पसŽपlन समाशोधन तथा $नपटारा सौदे/~े•स
हेतु एक या एका7धक ए सचेज; क1 Fयव8था करने के लए, िजlह ऐसे ए सचेज ~ेडंग के लए
पेश कर सकता है;
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b.
ि लयरंग कॉपरेशन के ि लयरंग सद8य; के )वेश के लए मानक;, )Evयाओं, $नयम और शत•
को ,व$नदp शत करने के लए;
c.
ि लयरंग कॉपरेशन के कारोबार के संबंध म ि लयरंग सद8य; के आचरण के लए मानक; को
,व$नदp शत करने के लए;
d.
ि लयरंग कॉपरेशन के ज़रए Eकए गए कारोबार के लए ि लयरंग सद8य; पर शुक लगाने के
लए ³ेमवक. का $नधा.रण करना;
e.
ि लयरंग कॉपरेशन oारा समाशोधन तथा $नपटारे के लए लेनदेन; क1 8वीकृ$त के लए मानक;,
)Evयाओं, $नयम और शत• को ,व$नदp शत करने के लए;
f.
,व भlन समाशोधन खंड तथा ,व भlन )$तभू$तय; तथा सं,वदाओं के लए जो संब} ए सचज; के
,व भlन समाशोधन खंड; पर आधारत हो, लेनदेन; के समाशोधन तथा $नपटारे क1 8वीकृ$त के
लए मानक;, )Evयाओं, $नयम और शत• को ,व$नदp शत करने के लए;
g.
ि लयरंग सद8य; के बीच या ि लयरंग सद8य; तथा उनके लाइंट; के बीच सौदे संपlन करने के
लए $नयम और शत• को ,व$नदp शत करने तथा उनके बीच )$तभू$तय; के लेनदेन; के समाशोधन
तथा $नपटारे हेतु समय, ,व7ध तथा तरके का $नधा.रण करना;
h.
ि लयरंग कॉपरेशन oारा ,वhीय $नपटारे क1 गारंट हेतु मानक;, )Evयाओं, $नयम और शत• को
,व$नदp शत करना;
i.
डफॉट; के लए ि लयरंग कॉपरेशन से ि लयरंग सद8य; के $नलंबन या $न±कासन समेत
जुमा.न;, दंड; तथा अlय परणाम; को सुझाना तथा संचा लत करना;
j.
समय-समय पर ि लयरंग कॉपरेशन oारा आरो,पत ,व भlन )कार के मािज.न; को लागू करने
तथा संचा लत करने हेतु मानक;, )Evयाओं, $नयम और शत• को ,व$नदp शत करना;
k.
ि लयरंग सद8य; oारा ि लयरंग कॉपरेशन को शुक वसूलने, स8टम उपयोग के शुक;, जमाओं
तथा अlय देय धय के लए ³ेमवक. पर $नण.य लेना तथा समाशोधन व ऐसे अlय शुक; का
$नधा.रण करना जो ि लयरंग सद8य; oारा उनके लाइं„स से एकŒ Eकया जा सकता हो।
l.
समाशोधन परचालन; क1 $नगरानी के लए $नयम; का ,व$नदpशन करना तथा ि लयरंग सद8य;
के लए आचार-सं हता का वण.न करना।
m.
सेटलमट गारंट फंड तथा अlय फंड; क1 रा शय; समेत ि लयरंग कॉपरेशन के फंड; के संचालन,
रखरखाव तथा $नवेश हेतु मानक; का $नधा.रण करना;
n.
डपोिजटर (एका7धक) के ज़रए समाशोधन तथा $नपटारे के लए तथा समाशोधन व $नपटारे के
लए क8टोडयल सेवाएं समेत अlय Fयव8थाओं के लए मानक;, $नयम-शत•, संचालन ,व7ध तथा
)Evया का उलेख करना;
o.
ए सचज;, वेयरहाउस सेवा )दाताओं, वेहरहाउ संग )$त“ान;, क8टोडयंस, डपोिजटर (एका7धक)
तथा समाधोशन ब#क (एका7धक) के साथ मनोनयन, परचालन तथा इंटरफे संग के तरक; का
$नधा.रण करना;
p.
अंत$न. हत कमोडटज क1 वा8त,वक आपू$त. के लए वेयरहाउस व वेयरहाउस सेवा )दाताओं और
सवpयर;, मूयांकन एज सय;, माŒा परNण व )माणन )योगशालाओं/एज सय; और अlय उ7चत
)ा7धकार; व एज सय; से मलने वाल सेवाओं के लए मानक; तथा )Evयाओं का $नधा.रण करना;
q.
ि लयरंग सद8य; के बह-खात; तथा रकॉड• क1 जांच और $नर˜Nण करना;
r.
ि लयरंग सद8य; क1 ,वhीय दशा, कारोबार Fयवहार तथा परचालन; क1 जांच करना;
s.
ि लयरंग कॉपरेशन क1 ,व भlन स म$तय; क1 $नयुG तथा ,वघटन के लए शत• का उलेख
करना;
PART IV]
THE GAZETTE OF INDIA, JUNE 17, 2017 (JYAISTHA 27, 1939)
1239
t.
ि लयरंग सद8य; के बीच तथा ि लयरंग सद8य; व ऐसे FयGय; के बीच जो ि लयरंग सद8य;
से संब} न हो, के बीच समाशो7धत )$तभू$तय; म Eकसी सौदे से जुड़े ,ववाद;, शकायत;, उपजने
वाले दाव; का $नपटारा करना तथा म€य8थता oारा $नपटारा समेत ि लयरंग कॉपरेशन के ज़रए
$नपटारा करना;
u.
म€य8था हेतु मानक;, )Evयाओं, $नयम और शत• को ,व$नदp शत करना;
v.
ि लयरंग कॉपरेशन या सेबी के इन उप-$नयम;, $नयम;, ,व$नयम; व सकु. लर; के गैर-अनुपालनता
या उनके उलंघन पर जुमा.ना लगाने के ³ेमवक. का $नण.य करना;
w.
सौ•ा प का करने के परणाम8वOप या उससे संब} मानक;, )Evयाओं, $नयम और शत• को
,व$नदp शत करना;
x.
ि लयरंग सद8य; के $न±कासन या $नलंबन के लए )Evयाओं का उलेख करना;
y.
Eकसी ि लयरंग सद8य को डफॉटर के Oप म घो,षत करना या उसे ि लयरंग कॉपरेशन क1
ि लयरंग सद8यता से $नलिQबत या $न±का सत करना;
z.
अपने अ7धकार; को ऐसे अlय मामल; म इ8तेमाल करना जो ि लयरंग कॉपरेशन से जुड़ा हो,
जैसा Eक संघ ´ापन पर तथा/या संघ के अंत$न.यम; या इन उप-$नयम; के )ावधान; म वKण.त हो
अथवा जैसा Eक ि लयरंग कॉपरेशन के परचालन; के अनुरNण, $नयंŒण, )बंधन, ,व$नयम तथा
सुगमीकरण हेतु आव•यक या उ7चत माना जाए।
aa.
सूचना )दान करना तथा घोषणाएं करना;
bb.
बोड. oारा $नण¢त कोई अlय मामले को देखना।
5.2
उप-.नयमj के संशोधन क\ शितयां
संब} अ7ध$नयम; के तहत आव•यक या सेबी oारा 8वीकृत आव•यकतानुसार ि लयरंग कॉपरेशन समय-समय परइन
उप-$नयम; को आव•यक तथा उ7चत तरके से संपूण. Oप से या आं शक Oप से संशो7धत कर सकता है।
5.3
नोटस और सकु? लरj को जानी करने क\ शित / सYमकार /ावधानj के सुझाव क\ शित
5.3.1
एक संब} )ा7धकार, समय-समय पर आव•यक होने क1 ि8थ$त म ि लयरंग कॉपरेशन के Eकसी भी उप-
$नयम; के )ावधान; तथा उनके तहत बनाए ,व$नयम; के कायाŽवयन म Eकसी )कार क1 क ठनाइय; या
अ8पƒता को दूर करने के लए 8पƒीकरण / $नदpश / नो टस तथा/या सकु. लर जार कर सकता है, िजनका
वहं )भाव होगा जो इन उप-$नयम; तथा ,व$नयम; का होता है
5.3.2
ऐसे 8पƒीकरण;/$नदpश;/नो टस; तथा/या सकु. लर; क1 गैर-पालनता या उलंघन को इन उप-$नयम; का
उलंघन माना जाएगा।
5.4
बोड? क\ /.त.न@धcव योhय शित
5.4.1
बोड?
5.4.1.1
बोड., इन उप-$नयम; के अनुOप ि लयरंग कॉपरेशन के संचालन के लए िजQमेदार है।
5.4.1.2
बोड. अपनी ऐसी शGय;, )ा7धकार; तथा काय• को ऐसे $नदेशक;, पदा7धकारय;, कम.चारय;,
FयGय; तथा ऐसी स म$तय; को सžप सकता है, िजसे यह समय-समय पर अ7धकृत कर सकता है।
5.4.1.3
)भावी तथा समयब} $नण.य लेने तथा कायाŽवयन क1 )Evया के लए ि लयरंग कॉपरेशन के
संब} )ा7धकार से जुड़े )ावधान 5.1.3 म बोड. एक या एका7धक काय• को सžप सकता है।
5.4.2
स+म.तयां
बोड. या संब} )ा7धकार, एससीआरआर के )ावधान; के अनुOप ि लयरंग कॉपरेशन के परचालन; तथा
,व$नयामक मामल; से जुड़े ,वषय; पर सलाह देने के लए, उ7चत Oप से ऐसी स म$तय; क1 $नयुG कर
सकते ह#।
1240
THE GAZETTE OF INDIA, JUNE 17, 2017 (JYAISTHA 27, 1939)
[PART IV
5.4.3
स+म.तयj क\ शितयां
)wयेक स म$त के पास बोड. oारा क1 गई शGयां ह;गी या वे शGयां ह;गी जो उसे ि लयरंग कॉपरेशन के
उप-$नयम; तथा $नयम; के तहत )दh क1 जाती ह;।
5.5
अ@धकार Yेm तथा संचालक कानून
5.5.1
ये उप-$नयम भारत के कानून; के अनुOप ह संचा लत तथा )भावी ह;गे।बशतp Eक इन उप-$नयम; के तहत
)दh ह; तथा ि लयरंग कॉपरेशन के ि लयरंग सद8य या ि लयरंग कॉपरेशन तथा ि लयरंग सद8य; को
ऊपर 2.1 म वKण.त अनुसार समाशोधन तथा $नपटारा काय• को संपlन करने हेतु कोई सेवा )दान करने
वाले )$त“ान; के 8थान से 8वतंŒ, मुQबई क1 अदालत; के पास ,वशेष lयाया7धकार होगा को वे इन उप-
$नयम; से उपजे या उनसे जुड़े ि लयरंग कॉपरेशन के Eकसी ,ववाद का $नधा.रण करगी।
5.5.2
समाशोधन तथा $नपटारे के लए ि लयरंग कॉपरेशन oारा 8वीकृत सभी सौद; को मुQबई शहर म संपlन
माना जाएगा और मुQबई क1 अदालत; के पास ि लयरंग कॉपरेशन म 8वीकृत ऐसे सौद; के संबंध म ,वशेष
lयाया7धकार होगा।
5.5.3
ि लयरंग सद8य; को ि लयरंग कॉपरेशन के )$त अपने उन उhरदा$यwव; को पूरा करना होगा िजनका
उलेख संब} )ा7धकार oारा Eकया जाए, भले ह ऐसा उhरदा$यwव ि लयरंग सद8य या संघटक के म•ेनजर
हो।
5.5.4
ि लयरंग कॉपरेशन को Eकसी ि लयरंग सद8य के उन उhरदा$यwव; को लागू करने के लए, जो इन उप-
$नयम;, Eकसी $नण.य, Eकसी अवाड. या Eकसी आदेश के तहत या उसके संदभ. म उपजते ह;, उस ि लयरंग
सद8य के ,व-} Eकसी यो‡य lयायNेŒ म कोई काय.वाह करने का अ7धकार होगा।
5.5.5
ि लयरंग कॉपरेशन के ि लयरंग सद8य तथा उसके संघटक; के बीच उपजने वाले Eकसी ,ववाद को उG
लाइंट के 8थान के आधार पर भारत के Eकसी lयायालय म ह8तांतरत Eकया जा सकता है, बशतp Eक
ि लयरंग कॉपरेशन को उस ,ववाद म एक पN न बनाया जा रहा हो।
5.6
संचालन क\ भाषा
ि लयरंग कॉपरेशन के परचालन; तथा कामकाज; से जुड़े इन उप-$नयम; के तहत ि लयरंग कॉपरेशन oारा जार
सभी $नयम;, नो टस, लKखत साम…ी, सकु. लस., $नदpश तथा द8तावेज अं…ेजी भाषा म ह;गे।ि लयरंग सद8य; क1
सु,वधा के लए ि लयरंग कॉपरेशन इन नो टस; तथा/या सकु. लर; को अं…ेजी के साथ-साथ Eकसी अlय भाषा म भी
)का शत कर सकता है।नो टस तथा/या सकु. लर के ,व भlन सं8करण; के बीच Eकसी )कार के अंतर उपजने पर अं…ेजी
सं8करण माlय होगा।
5.7
साpय के अ+भलेख
ि लयरंग कॉपरेशन के अ भलेख; को $नQन लKखत oारा संचा लत Eकया जाएगा:
-
एक क Vय )ोसे संग यू$नट या )ोसे संग यू$नट के एक ल8टर oारा या,
-
कQ यूटर )ोसे संग यू$न„स या,
-
ि लयरंग कॉपरेशन क1 कोई अlय )णाल, या
-
Eकसी रिज8टर म, मै‡ने टक 8टोरेज यू$न„स म, इले ~ॉ$नक 8टोरेज यू$न„स म, ऑि टकल 8टोरेज यू$न„स या,
-
Eकसी अlय तरके से, या,
-
Eकसी 8वीकृत मीडया पर तथा
उसे उG ए सचज के ~ेडंग लैटफॉम. पर संपlन ~े•स के संदभ. म संब} ए सचज oारा संचरत Eकया जाता है,
िजनम समाशोधन तथा $नपटारे क1 )Evया को संपlन करने हेतु इसके ि लयरंग सद8य; के अ7धकार; तथा
उhरदायोwव; के लए सहमत व )माKणत अ भलेख मौजूद होगा।
PART IV]
THE GAZETTE OF INDIA, JUNE 17, 2017 (JYAISTHA 27, 1939)
1241
5.8
उcतरदा.यcव क\ बा>यता
5.8.1
ि लयरंग कॉपरेशन के पास Eकसी ि लयरंग सद8य, उनके Eकसी लाइंट या Eकसी तीसरे पN के )$त
कोई देयता, उhरदा$यwव या कत.Fय नहं होगा, िजसम इनके अलावा $नQन लKखत भी शा मल ह;गे:
a.
कोई )ाकृ$तक आपदा जो ि लयरंग कॉपरेशन के $नयंŒण से बाहर हो:
b.
कोई नुकसान या N$त, िजनम परणामी नुकसान तथा N$तयां शा मल हो या जो ि लयरंग कॉपरेशन
क1 ग$त,व7धय; तथा कामकाज; से )wयN या अ)wयN Oप से उपजते ह;;
c.
ि लयरंग कॉपरेशन क1 ओर से कोई ,वफलता, चूक या Œु ट िजसम ि लयरंग कॉपरेशन के ढांचे के
ज़रए समाशोधन तथा $नपटारा से जुड़ा कोई नुकसान या N$तयां शा मल ह; या $नलंबन, Fयवधान,
$नर8तीकरण अथवा ि लयरंग कॉपरेशन क1 बंद या ि लयरंग कॉपरेशन oारा आपू$त. या )युG कोई
उपकरण, सॉ•टवेयर, कQ यूटर स8टम अथवा कोई अlय परचा लत उwपाद से जुड़ा हो;
d.
अनुशासनाwमक काय.वाह स म$त या डफॉटर स म$त का कोई $नण.य, जो अपनी शGय; या
ि लयरंग कॉपरेशन क1 शGय; का अ7धकार कर Eकसी ि लयरंग सद8य का wयागपŒ 8वीकार करता
हो या Eकसी ि लयरंग सद8य क1 सद8यता को समाb करने का फैसला या Eकसी ि लयरंग सद8य
को डफॉटर सद8य के Oप म घो,षत करना;
e.
ि लयरंग कॉपरेशन oारा इन उप-$नयम; के तहत Eकसी भी ,ववेक या अ7धकार; का )योग करना या
)योग करने म ,वफल रहना।
5.8.2
Eकसी देयता क1 अlय सीमा या ब ह±करण के पूवा.…ह के šबना:
5.8.2.1
घो,षत डफॉट क1 ि8थ$त म, ि लयरंग कॉपरेशन क1 देयता Eकसी ि लयरंग सद8य oारा झेल
जाने वाल सकल हा$नय; तक ह सी मत होगी जो ि लयरंग सद8य; के बीच लेनदेन; के संदभ. म
नवाचार के तरके से ि लयरंग कॉपरेशन के )$त8थापन से उपजे डफॉट से जुड़ा न हो; तथा
5.8.2.2
8पƒ Oप से 5.8.6.1 म )दh के अलावा, ि लयरंग कॉपरेशन का Eकसी ि लयरंग सद8य के
Eकसी लाइंट के )$त या कोई FयG िजसके लए )$त वह लाइंट िजQमेदार हो, के )$त कोई
देयता या उhरदा$यwव नहं होगा, न ह ि लयरंग कॉपरेशन Eकसी FयG (िजसम ि लयरंग
कॉपरेशन का कोई नॉन-ि लयरंग सद8य भी शा मल है) के )$त Eकसी ि लयरंग सद8य के
उhरदा$यwव या देयताओं के लए िजQमेदार नहं होगा, अथवा यह एक क Vय )$तपN के Oप म
ि लयरंग कॉपरेशन क1 देयताओं के अलावा, Eकसी ि लयरंग सद8य के Eकसी अlय दा$यwव के
लए भी िजQमेदार नहं होगा।
5.8.3
उ@चत ;वVवास म संप0न काय?वाहयj के +लए बचाव तथा सुरYा
कोई दावा, वाद, अ भयोजन या Eकसी अlय कानूनी काय.वाह ि लयरंग कॉपरेशन या उसके Eकसी $नदेशक;,
पदा7धकारय;, कम.चारय; या Eकसी अlय ,व7धवत Oप से अ7धकृत FयGय; के लए जो ि लयरंग
कॉपरेशन क1 ओर से काय. करते ह;, के Kखलाफ नहं माना जाएगा, िजसने Eकसी उस काय. के संदभ. म
संपlन Eकया गया हो जो इन उप-$नयम; या उनके तहत बने $नयम;, सकु. लर; और/या नो टस; या Eकसी
अदालत, अ7धकरण, सरकार, सेबी, या Eकसी अlय सNम $नयामक या राज8व )ा7धकरण जो Eकसी भी
कानून या )wयायोिजत ,वधान के तहत शG )दh हो, से ि लयरंग कॉपरेशन oारा )ाb Eकसी आदेश या
Eकसी )कार के लKखत संचार के अनुOप Eकसी शG के इ8तेमाल क1 सह मंशा से जुड़ा हो, संपlन Eकया
गया हो या छोड़ा गया हो।
5.8.4
Y.तपू.त?
5.8.4.1
)wयेक ि लयरंग सद8य ि लयरंग कॉपरेशन को हुए सभी नुकसान;, लागत;, खच•, हा$नय;, चोट;
और देनदारय; के एवज म N$तपू$त. करेगा और करता रहेगा, जहां इस तरह के नुकसान, लागत,
खच., हा$न, चोट; और देनदारयां ि लयरंग सद8य (इसके वत.मान और पूव. $नदेशक;, अ7धकारय;,
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[PART IV
कम.चारय;, एजट;, …ाहक; समेत), oारा इन उप-$नयम; या उनके तहत बनाए ,व$नयम; या Eकसी
)योœय कानून के $नयम; के Eकसी उलंघन से पैदा हुए ह; या Eकसी गैरकानूनी, जानबूझकर Eकए
उलंघन से, लापरवाह या असावधान काय• या ि लयरंग सद8य (इसके वत.मान और पूव.
$नदpशक;, अ7धकारय;, कम.चारय;, एजट; और …ाहक; स हत) के Eकसी चूक से उपजते ह;।
5.8.4.2
)wयेक ि लयरंग सद8य ि लयरंग कॉपरेशन को N$तपू$त. करेगा और उसे Eकसी )योœय कानून
के तथाक7थत उलंघन के परणाम8वOप या ऐसे ि लयरंग सद8य oारा इन उप-$नयम; के तहत
Eकसी उलंघन के कारण या ि लयरंग सद8य oारा ऐसे क7थत उलंघन क1 पहचान करने,
रोकथाम करने म ,वफल रहने या उसके Kखलाफ Eकसी अlय काय. के परणाम8वOप।ि लयरंग
कॉपरेशन के ,व-} Eकए Eकसी कानूनी या )शास$नक काय.वाह के संदभ. म ि लयरंग कॉपरेशन
oारा Eकसी फैसले के तहत, $नपटाए या )दh Eकसी भी रा श क1 हा$न से मुG रखेगा।
5.8.4.3
ि लयरंग कॉपरेशन के लए Eकसी देयता से बचने, रNा करने या छूट पाने या िजन छूट; के लए
ि लयरंग कॉपरेशन इन उप-$नयम; के तहत हकदार है, $नदेशक;, अ7धकारय;, कम.चारय; या
ि लयरंग कॉपरेशन के एजट; क1 रNा के लए उपल‰ध ह;गी।
5.8.5
गोपनीयता
इन उप-$नयम; या उसके अधीन बनाए गए ,व$नयम; के तहत )ाb गोपनीय जानकार का ि लयरंग
कॉपरेशन oारा या उसके $नदेशक;, अ7धकारय;, कम.चारय; या एजट; म से Eकसी के oारा या उस FयG के
oारा िजसके पास ऐसी जानकार मौजूद हो, कहं खुलासा नहं Eकया जाएगा। ि लयरंग कॉपरेशन ऐसी
गोपनीय सूचनाओं को संर˜Nत करने तथा रNा करने के लए सभी आव•यक कदम उठाएगा। हालांEक
ि लयरंग कॉपरेशन के पास ऐसी गोपनीय सूचनाओं $नQन लKखत परि8थ$तय; म )कट करने का अ7धकार
रहेगा:
a.
Eकसी )योœय कानून, $नयम या ,व$नयम क1 अनुपालनता के उ•े•य से;
b.
Eकसी अदालत क1 काय.वाह स हत Eकसी भी अlय काय.वा हय; के संचालन, चालू रखने या बचाव करने
के उ•े•य से; या
c.
इन उप-$नयम; या उसके अधीन बनाए गए ,व$नयम; और ि लयरंग कॉपरेशन के $नयम; के तहत उस
ि लयरंग सद8य के दा$यwव; के )वत.न के संबंध म।
5.8.6
/ाकृ.त आपदा
5.8.6.1
ि लयरंग कॉपरेशन Eकसी भी FयG को हुए Eकसी भी नुकसान, हा$न, N$त या चोट के लए
उhरदायी नहं होगा, जहां इस तरह के नुकसान, हा$न, N$त या चोट उसके $नयंŒण से बाहर क1
दशाओं के कारण पैदा होते ह;। इस तरह क1 घटनाओं या कारण; म शा मल होते ह#- यु}, दंगे,
दैवी घटनाएं, नागरक गड़बड़ी, आतंकवाद, कोई नागरक या सैlय )ा7धकरण के काय., )$तरोध,
आग, ˆम ,ववाद, )ाकृ$तक आपदाएं, बाढ़, चvवात, सुनामी, ,व8फोट, दुघ.टनाएं, यांšŒक खराबी,
कं यूटर या स8टम ,वफलताएं या अlय ,वफलताएं या Eकसी नेटवक. , दूरसंचार उपकरण या
ऑनलाइन स8टम क1 -कावट, šबजल क1 आपू$त. म -कावट, सेवा )दाता क1 उपयो7गता म हुई
कोई ,वफलता, कं यूटर या सॉ•टवेयर स8टम म हुई कोई ,वफलता या उसक1 पहचान न कर
पाना, कानून का परवत.न, Eकसी ब#क, ,वhीय सं8थान, डपॉिजटर या क8टोडयन, बाजार क1
आपात ि8थ$त, Eकसी संब} ए सचज; क1 ओर से, िजसम उसके ओर से ि लयरंग कॉपरेशन oारा
संचा लत ि लयरंग खंड या उप-खंड भी शा मल ह#, oारा Eकसी बाजार क1 बंद या Fयापार क1
समा$b।
5.8.6.2
ऊपर उप-खंड 5.8.10.1 म वKण.त ,वषय; के बावजूद, ि लयरंग कॉपरेशन oारा Eकसी ऐसी
,वफलता से जो उसके $नयंŒण से बाहर क1 ि8थ$त से उपजी हो, ऐसे ि लयरंग सद8य oारा
ि लयरंग कॉपरेशन क1 )णा लय; के ज़रए Eकए गए Eकसी लेनदेन के संदभ. म Eकसी ि लयरंग
सद8य के दा$यwव को कम, परव$त.त, सी मत नहं करेगा या )भा,वत नहं करेगा।
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THE GAZETTE OF INDIA, JUNE 17, 2017 (JYAISTHA 27, 1939)
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5.8.6.3
उपरोG के बावजूद, ि लयरंग कॉपरेशन, अपने दम पर या संब} ए सचज के साथ परामश. कर,
Eकसी भी ि लयरंग सद8य को ऐसे काय. करने क1 िजQमेदार देगा, िजसम अlय के अलावा
शा मल ह#- ि लयरंग सद8य या उस ि लयरंग सद8य से संब} लाइं„स से जुड़े सभी या Eकसी
)$तभू$त लेनदेन को बंद कर देना, जैसा Eक )ाकृ$तक घटना oारा )भा,वत )$तभू$तय; के लेनदेन;
के संदभ. म ि लयरंग कॉपरेशन $नदpश देता हो।
5.8.7
पृथकरणीयता
ऐसी ि8थ$त म जब Eकसी वैधा$नक संशोधन के कारण, पुनः)वत.न, अ7धसूचना या lया$यक $नण.य से या
Eकसी सNम lयायालय, अ7धकरण, $नयामक )ा7धकार या सेबी oारा इन उप-$नयम; का )ावधान अमाlय या
अ)वत.नीय हो जाता हो, तो इस तरह के )ावधान को आव•यक सीमा तक पृथक और अ)भावी कर दया
जाएगा, िजस कारण से इन उप-$नयम; के शेष )ावधान क1 वैधता तथा )वत.नीयता )भा,वत नहं होगी, और
वे पूण. )भाव और 8वOप म लागू रहगे, बशतp Eक ऐसे )ावधान (एका7धक) के तहत पूव. म क1 गई काय.वाह
अ)भा,वत ह;गे।
6. िलय%रंग कॉप)रेशन के िलय%रंग सदयj, अ0य म>यव.त?यj तथा लाइंrस के बीच म>यथता
ि लयरंग सद8य; के बीच पर8पर Oप से और ि लयरंग सद8य; और उनके लाइंट; या उनके संघटक; के बीच इन उप-
$नयम; के अनुOप या उनके तहत बने $नयम; तथा/या ,व$नयम; या उनम मौजूद Eकसी संदभ. या उसके अनुOप या उनक1
वैधता, $नमा.ण, Fया”या, पू$त. या अ7धकार;, दा$यwव; और उन पN; क1 देनदारय; और Eकसी लेनदेन; तथा सं,वदाओं से जुड़े
)¶ समेत इन उप-$नयम; तथा उनके तहत बने $नयम; तथा/या ,व$नयम; के अनुOप ि लयरंग कॉपरेशन oारा अंगीकृत तथा
कायाŽ,वत Eकसी )Evया या Evया,व7धय; के संबंध म या उससे उपजे सभी दाव;, असहम$तय; या ,ववाद; को इन उप-$नयम;
तथा उनके तहत बने ,व$नयम; )ावधान; के और ि लयरंग कॉपरेशन के $नयम; के अनुOप म€य8थता को सžपे
जाएंगे।ि लयरंग कॉपरेशन इन उप$नयम के )ावधान 3.3 म वKण.त पN; के बीच उपजे ऐसे ,ववाद; के लए म€य8थता
)Evया को सुगम बनाने का अ7धकार रखेगा, िजसके लए वह इन उप-$नयम; म, उनके तहत बने $नयम; तथा/या ,व$नयम;
या उसके oारा जार नो टस या सकु. लर; म वKण.त )Evयाओं को अपनाएगा । उस उ•े•य से संब} )ा7धकार या ि लयरंग
कॉपरेशन oारा ग ठत कोई स म$त $नQन लKखत )दान कर सकती है:
a.
म€य8थता क1 फ1स तथा म€य8थता से जुड़े Eकसी अlय फ1स के लए मानक, )Evयाएं, 8वOप, अ7धकार NेŒ,
$नयम, शत. और पैमाने या 8लै‰स, साथ ह उस 8थान का $नधा.रण कर सकता है जहां म€य8थता काय.वाह क1 जा
सकती है;
b.
म€य8थ; के Oप म $नयुG के लए FयGय; के लए अह.ता मानदंड का $नण.य;
c.
म€य8थ; के एक पैनल का गठन करना;
d.
म€य8थता पैनल के सभी सद8य; के लए )भावी आचार-सं हता का $नधा.रण करना।
e.
)ाb हुए ,ववाद के आकार या 8वOप के संदभ. म म€य8थता बच के आकार का $नधा.रण करना;
f.
जैसी भी ि8थ$त उपजे उस अनुOप म€य8थ;, संघठक म€य8थ; तथा अQपायर; क1 $नयुG करना;
g.
ि लयरंग कॉपरेशन क1 म€य8थता )णाल से जुड़े मामल; के लए सीमा अव7ध का $नधा.रण करना;
h.
पN; तथा गवाह; क1 सुनवाई तथा संचार; के लए नो टस भेजने क1 )Evया का $नधा.रण करना;
i.
उपि8थ$त, सुनवाई, सूचना दायर करने तथा काउंटर लेQस दायर करने क1 )Evया तथा मूयांकनकता.ओं और
,वशेष´; क1 गवाह और सा£य लेना;
j.
म€य8थता $नण.य; को जार करने क1 )Evया;
k.
म€य8थता क1 काय.वा हय; के $नण.य; को लागू करने क1 )Evया;
l.
म€य8थता काय.वा हय; या Eकसी $नण.य के ,व-} Eकसी अपील दायर करने क1 )Evया;
m.
द8तावेज; तथा रकॉड• के संरNण के लए )Evयाओं तथा तरके;
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THE GAZETTE OF INDIA, JUNE 17, 2017 (JYAISTHA 27, 1939)
[PART IV
n.
ि लयरंग कॉपरेशन क1 वेबसाइट पर म€य8थता से जुड़े डेटा को )का शत करने का तरका और आवत.ता;
o.
ि लयरंग कॉपरेशन क1 वेबसाइट पर म€य8थता के $नण.य को )का शत करने का तरका;
p.
कोई अlय मामले को देखना या उन मामल; को जो म€य8थता )णाल क1 आव•यकताओं को )भावी Oप से संचा लत
करने के लए आव•यक हो।
संब} )ा7धकार को म€य8थता )Evयाओं के संचालन के तरके के बारे म सेबी oारा दशा-$नदpशन दए जाएंगे।
7. िलय%रंग कॉप)रेशन क\ सदयता
7.1
सदयता क\ योhयता
7.1.1
ि लयरंग कॉपरेशन, ,वशेष )कार के ि लयरंग सद8य के आधार पर अपने ि लयरंग सद8य; का
वग¢करण कर सकता है, िजसम वे भी शा मल हो सकते ह#, जो $नQन लKखत पर संपlन सौद;/कारोबार; को
समाशो7धत करगे या $नपटारा करगे:
a.
संब} ए सचज म उG सद8य oारा Eकसी संब} ए सचज के Eकसी ,वशेष माकp ट खंड म एक ~ेडंग
सद8य के Oप म; तथा
b.
संब} ए सचज म उG सद8य oारा Eकसी संब} ए सचज के Eकसी ,वशेष माकp ट खंड म एक ~ेडंग
सद8य के Oप म, तथा/या संब} ~ेडंग सद8य; oारा;
c.
संब} ए सचज म संब} ~ेडंग सद8य; oारा, िजlह ि लयरंग सद8य का संघटक माना जाता हो।
7.1.2
संब} )ा7धकार, समय-समय पर ि लयरंग कॉपरेशन के ,वशेष समाशोधन खंड म )वेश हेतु अह.ता मानदंड;
का सुझाव तथा $नधा.रण करता है।
7.1.3
इन ि लयरंग कॉपरेशन इन उप-$नयम; तथा उनके तहत बने संब} ,व$नयम; और $नयम; के अधीन,
,व भlन समाशोधन खंड; के लए ि लयरंग सद8यता पाने के लए Eकसी ि लयरंग सद8य को ऐसी
ि लयरंग सद8यता ˆेणी तथा/या ि लयरंग खंड से जुड़े अ7धकार; तथा ,वशेषा7धकार; का इ8तेमाल करना
होगा, जो ि लयरंग सद8य oारा सभी आव•यक शुक;, $न7धय; या धनरा शय; के भुगतान तथा/या ,व)ेषण
पर $नभ.र करेगा िजlह समय-समय पर ि लयरंग कॉपरेशन oारा सुझाया जाता हो।
7.1.4
ि लयरंग कॉपरेशन क1 पूव. अनुम$त के šबना ि लयरंग सद8य के दजp तथा अ7धकार; को ह8तांतरत नहं
Eकया जा सकता है।
7.2
िलय%रंग कॉप)रेशन क\ सदयता का हतांतरण, संचरण, प%रcयाग तथा उससे cयागपm देना
इन उप-$नयम; और सेबी क1 आव•यकताओं के तहत, संब} )ा7धकार समय-समय पर ि लयरंग कॉपरेशन क1
ि लयरंग सद8यता के ह8तांतरण या संचरण, या ि लयरंग सद8य oारा ि लयरंग कॉपरेशन के ि लयरंग सद8यता
के परwयाग या वापसी / wयागपŒ देने के $नण.य से जुड़े मामल; के संदभ. म $नयम व शत• का $नधा.रण करता है;
7.3
िलय%रंग कॉप)रेशन क\ िलय%रंग सदयता का .नलंबन तथा / या समापन करना
इन उप-$नयम;, तथा उनके तहत बने $नयम; तथा ,व$नयम; के अंतग.त ि लयरंग कॉपरेशन या अनुशासनाwमक
काय.वाह स म$त के पूवा.…ह के šबना, Eकसी ि लयरंग सद8य के अ7धकार; तथा ,वशेषा7धकार; को पूण.तः या आं शक
Oप से $नलिQबत Eकया जा सकता है अथवा उसे समाb Eकया जा सकता है, य द ि लयरंग सद8य ने संब} )ा7धकार
oारा समय-समय पर सुझाई आव•यकताओं का उलंघन Eकया हो या उlह पूरा करने म असफल रहा हो और ऐसे
उलंघन, ,वफलता या Œु ट के परणाम8वOप ि लयरंग सद8य क1 सद8यता $नलिQबत हो जाएगी या समाb हो जाएगी।
7.4
शु क तथा सुरYा जमा तथा अ0य भुगतान
7.4.1
ि लयरंग कॉपरेशन म ि लयरंग सद8य; के )वेश पर और उसक1 सद8यता जार रहने के एवज म,
ि लयरंग सद8य समय-समय पर संब} )ा7धकार oारा सुझाए शुक;, सुरNा जमारा शय; तथा अlय
धनरा शय; का भुगतान करेगा।
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7.4.2
ि लयरंग कॉपरेशन को समय-समय पर ि लयरंग सद8य oारा दए गए शुक, सुरNा जमा रा शयां, अlय
धनरा शयां तथा अlय अ$तरG जमा रा शयां, चाहे वे नकद, ब#क गारंट, कमोडट, )$तभू$तय; या अlय
तरके से दए जाएं, ि लयरंग कॉपरेशन के लए Eकसी देय रा श के )$त )थम और सवsच …हणा7धकार
के अधीन ह;गे तथा उप-$नयम;, $नयम; तथा ि लयरंग कॉपरेशन के ,व$नयम; से जुड़े उG ि लयरंग
सद8य से संब} संपlन कोई लेनदेन या ऐ ~‰यूटेबल से उपजे उG ि लयरंग सद8य के दा$यwव तथा
देयताओं को पूरा करने हेतु ि लयरंग सद8य के अlय दाव; के ,व-} ह;गे।
7.4.3
ि लयरंग कॉपरेशन, ि लयरंग सद8य को बताए šबना उG ि लयरंग सद8य के ,व-} अlय दाव; को
छोड़कर, ऐसे शुक;, जमा रा शय; तथा ऐसे बकाय; तथा दाव; हेतु अlय धनरा शय; को समायोिजत या
इ8तेमाल करने का अ7धकार रखेगा।ि लयरंग कॉपरेशन oारा आ¼ान Eकए जाने पर, सुरNा जमारा शय; या
अ$तरG जमाओं के 8थान पर ि लयरंग सद8य oारा संपlन ब#क गारंटज के आ¼ान से उपजे लाभ; को
समय-समय पर संब} )ा7धकार oारा आरो,पत शत• को ि लयरंग सद8य oारा अनुपा लत Eकए जाने तक,
ए सपोजर इwया द के उ•े•य हेतु ि लयरंग सद8य क1 जमाओं का ह8सा नहं माना जाएगा।
7.5
सामा0य तथा /ूड+शयल आवVयकताएं
7.5.1
कोई आवेदक सद8य ि लयरंग सद8यता के अ7धकार; और ,वशेषा7धकार; के इ8तेमाल के लए अ7धकृत
नहं होगा, जब तक Eक उसने:
7.5.1.1 ि लयरंग कॉपरेशन oारा वKण.त नॉन-रफंडेबल ि लयरंग सद8यता शुक;, वा,ष.क शुक; तथा
Eकसी अlय )भार;, जमा-रा शय; या शुक; का पूरा भुगतान न कर देता हो,
7.5.1.2 संब} )ा7धकार oारा जार $नयम; तथा/या सकु. लर; म वKण.त ,वhीय आव•यकताओं तथा lयूनतम
लागू पूंजी क1 अदायगी न कर द हो तथा/या
7.5.1.3 अनुम$त )ाb कर ल हो या दजp के तहत लाइसस रखने / ऑथराइजेशन / रकॉि‡नशन से छूट पा
ल हो।
7.5.2
Eकसी भी समाशोधन खंड का कोई ि लयरंग सद8य Eकसी संब} ए सचज तथा उसके आरो य (ऐ ~‰युटेबल)
पर Eकसी खास समाशोधन खंड से जुड़े ि लयरंग सद8य के Oप म संपlन सौद;/लेनेदेन; को समाशो7धत
तथा $नपटारा करेगा:
a.
अपने अकाउंट म या
b.
अपने लाइं„स तथा/या क1 ओर से
c.
अपने संब} संघटक; क1 ओर से
ऐसे तरके तथा ,व7ध म ि लयरंग सद8य के )योजन के लहाज से और संब} ि लयरंग खंड; हेतु
ि लयरंग सद8य के लए वKण.त ऐसे $नयम व शत• तथा )Evयाओं के अधीन हो।
8. समाशोधन तथा .नपटारा
8.1
सौदj क\ वीकृ.त
8.1.1
ि लयरंग कॉपरेशन उन )$तभू$तय; म सौद; को समाशो7धत करेगा और $नपटाएगा, िजlह संब} ए सचज;
पर ~ेडंग के लए Eकसी खास बाजार खंड के तहत 8वीकृत Eकया जाता हो, बशतp Eक उG )$तभू$तय; को
ि लयरंग कॉपरेशन oारा समाशो7धत तथा $नपटा हुआ माना जाता हो।
8.1.2
)ावधान vमांक 8.1.1 म चाहे जो उिलKखत है उसके बावजूद ि लयरंग कॉपरेशन को यह अ7धकार होगा
Eक वह šबना कारण बताते हुए, Eकसी भी )$तभू$त को, समाशोधन या $नपटान के उ•े•य से, Eकसी भी
समय 8वीकार करने से मना कर सकता है। वह इस )कार के $नण.य; को समाशोधन सद8य; (ि लयरंग
मेQबर) और संबिlधत ए सचज; को अ7धसू7चत कर सकता है।
8.1.3
जबतक Eक इन उप-$नयम; म )दh न हो, एक ि लयरंग सद8य अपने )wयेक लाइंट के )$तभू$तय; म
संपlन सभी सौद; को 8वीकार कर उसे समाशो7धत करेगा।
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8.1.4
संब} )ा7धकार के पास Eकसी भी समय समाशोधन खंड क1 या हरेक ऐसी अव7ध के लए िजसका यह
$नधा.रण कर, समाशोधन तथा $नपटारे के लए Eकसी ि लयरंग खंड के भीतर Eकसी )$तभू$तय; 8वीकृ$त
और से समाशोधन खंड; तथा )$तभू$तय; को Eफर से बहाल करने का अ7धकार होगा, जो उसके oारा उ7चत
समझी जाने वाले शत• के अनुOप होगा।
8.1.5
जहां आव•यक समझे, संब} )ा7धकार ि लयरंग कॉपरेशन क1 Eकसी शत. या आव•यकताओं अथवा गैर अनुपालनता
या उलंघन हेतु ि लयरंग खंड या ए सचज क1 Eकसी )$तभू$तय; क1 8वीकृ$त को वापस कर सकता है।
8.1.6
ि लयरंग कॉपरेशन Eकसी ि लयरंग खंड को Eफर से बहाल कर सकता है अथवा समाशोधन व $नपटारे के
लए )$तभू$तय; को Eफर से 8वीकृत कर सकता है, जो उन शत• के अधीन होगा िजlह वह उ7चत समझे।
8.1.7
ि लयरंग कॉपरेशन समय-समय पर उ7चत मामल; म उन ,वशेष लेनदेन; को )$तभू$तय; क1 ि8थ$त म
ि लयरंग कॉपरेशन के ज़रए समाशो7धत करने और $नपटाने क1 8वीकृ$त दे सकता है, िजlह अनुम$त न
द गई हो अथवा िजlह थोड़े समय के लए )$तबं7धत या $नलिQबत कर दया गया हो।
8.1.8
संब} )ा7धकार संब} ए सचज पर सौदा करने क1 अनुम$त दे सकता है, बशतp Eक संब} )ा7धकार oारा
सुझाई सभी शत• तथा आव•यकताओं समेत सभी अlय शत• तथा आव•यकताओं को संब} पN; oारा पूरा
कर लया जाता हो।
8.2
समाशोधन तथा .नपटारा के +लए Dयवथा
8.2.1
समाशोधन तथा $नपटारे के लए 8वीकृत संब} ए सचज के )wयेक माकp ट से‡मट या )$तभू$तय; के संदभ.
म सौद; का समाशोधन व $नपटारा संब} ि लयरंग सद8य; oारा ऐसी Fयव8थाओं, )णा लय; अथवा
)Evयाओं के इ8तेमाल तथा अंगीकरण तथा उन एज सय; के ज़रए )भा,वत होगा िजlह समय-समय पर
संब} )ा7धकार oारा सुझाया जाता हो।उपरोG Fयापकता के )$त पूवा.…ह के šबना, समाशोधन तथा $नपटारा
Fयव8था या )णाल के सुगम परचालन हेतु ि लयरंग सद8य; तथा उनके संघटक; oारा अपनाए जाने व
इ8तेमाल Eकए जाने के लए संब} )ा7धकार समय-समय पर अ भरNक, $नNेपागार, ि लयरंग ब#क,
वेयरहाउ संग व अlय सेवाओं का सुझाव या ,व$नदpशक कर सकता है।
8.2.2
समाशोधन तथा $नपटारा काय. ि लयरंग कॉपरेशन oारा खुद से संपlन Eकया जाएगा अथवा वह सभी
)Evयाओं क1 पूण.ता को सुगम बनाने के उ•े•य हेतु संब} )ा7धकार oारा 7च½त Eकसी एजसी क1 सहायता
ले सकता है।
8.2.3
जब तक Eक इन उप-$नयम;, $नयम; व ,व$नयम; म 8पƒ Oप से अlयथा )दh न हो, जब फंड व
)$तभू$तयां Eकसी सुझाई हुई Fयव8था के तहत समाशो7धत और/या $नपटाई जाती हो:
8.2.3.1 तब $नपटारा क1 िजQमेदार पूर तरह से सं,वदा तथा/या संब} ि लयरंग सद8य; के )$तपN क1
होगी, जैसी भी ि8थ$त हो, और
8.2.3.2 ि लयरंग कॉपरेशन ि लयरंग सद8य; के एक समान सुगमकता. या एजट क1 भू मका $नभाएगा,
जो )$तभू$तय; क1 )ा$b करेगा और उसे )दान करेगा और जहां लागू हो वहां डेरवे टFस
कॉl~ै „स के तहत आपू$त. दा$यwव के संदभ. म अंत$न. हत परसंप,hय; और फंड; क1 )ा$b करेगा
और उlह )दान करेगा।
8.2.4 ि लयरंग कॉपरेशन संब} ए सचज के ~ेडंग लैटफॉम. पर ,व7धवत Oप से संपlन सभी सौद; के ,वhीय
$नपटारे क1 गारंट देगा, जो संगत ि लयरंग सद8य क1 ओर से या डफॉट करने या दवा लयापन क1
ि8थ$त से 8वतंŒ होगी;
बशतp Eक ि लयरंग कॉपरेशन oारा द गई $नपटारा गारंट केवल $नQन लKखत को शा मल करेगी:
i.
अपने सद8य;, तथा
ii.
उन लेनदेन; तक, िजlह संब} ए सचज oारा 8वीकृत कर देने के बाद ि लयरंग कॉपरेशन oारा
समाशोधन तथा $नपटारा हेतु संपlन, पंजीकृत तथा 8वीकृत Eकया जाता है, तथा
iii.
उन सद8य; तक जो ि लयरंग कॉपरेशन या संब} ए सचज के )$त ,वhीय दा$यwव; म दोषी न ह;;
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बशतp Eक:
a.
ि लयरंग कॉपरेशन Eकसी अंत$न. हत परसंप,hय; या आपू$त. उhरदा$यwव के )दश.न के Oप म
ि लयरंग हाउस के ज़रए Eकसी द8तावेज़ ह8तांतरण, अपने सद8य; के बीच फंड; तथा )$तभू$तय;
या द8तावेज़; के संदभ. म सुगम तथा wवरत आपू$त. व भुगतान को सरल बनाने वाले ि लयरंग
हाउस को बनाए रखने के उ•े•य समेत Eकसी )$तभू$त के टाइटल, 8वा मwव, सwयता, $नय मतता
या वैधता क1 गारंट नहं देगा।
b.
ि लयरंग हाउस oारा गारंट क1 )कृ$त काफ1 ,वhीय होती है, यानी:
i.
,वvेता ि लयरंग सद8य को संब} )ा7धकार oारा, ि लयरंग कॉपरेशन के संतुƒ होने के बाद
Eक आपू$त. पूर कर द गई है, आपू$त./समापन $त7थ पर तय मूय के $नपटारे के भुगतान
का आ›ासन दया जाएगा; तथा
ii.
vेता सद8य को या तो संबिlधत )$तभू$त क1 अ$नवाय. सुपुद.गी के )$त आ›8त Eकया जाएगा
या ,वvेता समाशोधन सद8य oारा )$तभू$त/ पCय अथवा मूल व8तु क1 सुपुद.गी न )दान Eकए
जाने क1 ि8थ$त म उसे मूय म हुए अंतर के साथ, ि लयरंग कॉपरेशन oारा समय समय पर
जार परपŒ; म $नधा.रत दर के अनुसार मौ Vक दंड का भी भुगतान करना होगा।
8.3
िलय%रंग के +लए प%रचालनाcमक मानदंड
8.3.1
ि लयरंग कॉपरेशन समय-समय पर अपने ज़रए )$तभू$तय; के समाशोधन तथा $नपटारे से जुड़े
परचालनाwमक मानदंड का $नधा.रण तथा घोषणा कर सकता है, िजनका पालन ि लयरंग सद8य; को करना
होगा।परचालनाwमक मानदंड; म शा मल हो सकते ह#:
a.
अनुम$त )ाb समाशोधन सीमाएं, िजनम शा मल हो सकता है सकल-मूय तथा/या पूंजी पया.bता
$नयम; के संदभ. म समाशोधन सीमाएं;
b.
समाशोधन माŒा तथा सीमाएं िजनपर ि लयरंग कॉपरेशन को सू7चत करने के लए ि लयरंग सद8य;
के लए यह अवलंबी होगा;
c.
,व भlन $नपटारा )कार; के लए ड लवर लॉ„स का $नधा.रण;
d.
अlय मामले, जो $नवेशक; के बड़े हत को €यान म रखते हुए )$तभू$तय; के समाशोधन तथा $नपटारा
के सुगम परचालन को )भा,वत कर सकते ह;;
e.
Eकसी ि लयरंग सद8य के लए अनुम$त )ाb लेनदेन; के )कार;
f.
स8टम डजाइन, यूजर इं³ा8~ चर तथा स8टम ऑपरेशन समेत समाशोधन तथा $नपटारा )णाल के
काया.wमक ,ववरण; का $नधा.रण करना;
g.
लाइं„स से मािज.न एकŒ करना तथा उसके सं…ह क1 सूचना देना।
8.3.2
Eकसी आपू$त. यो‡य कमोडट डेरवे टFस कॉl~ै „स के मामले म, ि लयरंग कॉपरेशन यह सु$नि°त करेगा
Eक वे सभी मानदंड िजlह Eकसी अंत$न. हत परसंप,hय; के ऐ ~‰यू„स म संब} ए सचज oारा तय Eकए गए
ह#, आपू$त.कता. ि लयरंग सद8य oारा पूरे Eकए जाएंगे, िजनम अlय के अलावा शा मल ह;गे- ,व भlन
कमोडटज के लए ‘बे सस’ वेराइट तथा डे लवरेबस वेराइटज का $नधा.रण, बे सस, कॉl~ै ट (डे लवर)
महने, आपू$त. अव7ध, आपू$त. क V, टडर डेज के अलावा टडरंग वेराइटज के लए “ऑन” व “ऑफ” भhे।
संब} )ा7धकार, समय-समय पर जार ,व$नयम; और सकु. लर; तथा अ7धसूचनाओं के ज़रए $नQनांEकत का
$नधा.रण करेगा:
-
उन आव•यकताओं क1, िजसे Eकसी आपू$त.कता. ि लयरंग सद8य oारा )योœय भhे समेत इस संबंध म
पूरा Eकया जाएगा य द;
-
गुणवhा, मूय तथा आपू$त. से जुड़े ,ववाद; के $नपटारे क1 )Evया हो।
1248
THE GAZETTE OF INDIA, JUNE 17, 2017 (JYAISTHA 27, 1939)
[PART IV
8.4
िलय%रंग बMक
8.4.1
ि लयरंग ब#क (एका7धक ) क1 $नयुG
8.4.1.1 ि लयरंग कॉपरेशन समय-समय पर दै$नक तथा अं$तम $नपटारे के लए, जमारा शय;, मािज.न
तथा ि लयरंग कॉपरेशन के ज़रए संपlन सभी लेनदेन; हेतु सभी रा शय; के सं…ह तथा
ि लयरंग सद8य; तथा ि लयरंग कॉपरेशन के बीच अlय फंड; के ह8तांतरण के लए ि लयरंग
ब#क (एका7धक) क1 $नयुG करेगा।
8.4.1.2 संब} )ा7धकार, समय-समय पर )Evयाओं, अकाउंट के )कार;, Evया,व7धय; तथा परचालन; का
वण.न करेगा, िजlह हरेक ि लयरंग सद8य को ि लयरंग ब#क या ब#क; म खुले उनके खात; के
ज़रए फंड; के $नपटारे के लए पालन करना होगा।ि लयरंग कॉपरेशन के पास समाशोधन व
$नपटारे काय• को संपlन करने के लए Eकसी भी ,वhीय सं8थान; या )$त“ान;, जैसे Eक ब#क; के
साथ आव•यक Fयव8था 8था,पत करने का अ7धकार होगा।
8.5
नवाचार (नोवेशन)
8.5.1
ऐसी ि8थ$त म जहां संब} ए सचज पर संपlन )$तभू$त क1 सूचना उसके समाशोधन तथा $नपटारे के
उ•े•य से ि लयरंग कॉपरेशन को द जा रह हो, वहां संब} सौदे को ि लयरंग कॉपरेशन को ह8तांतरत
कर दया जाएगा।ि लयरंग कॉपरेशन तब ऐसे हरेक सौदे के लए स~ल काउंटरपाट¾ बन जाएगा।
8.5.2
नवाचार दो कॉl~ै „स म परणत होगा, एक ,वvेता ि लयरंग सद8य और ि लयरंग कॉपरेशन के बीच
तथा दूसरा ि लयरंग कॉपरेशन और vेता ि लयरंग सद8य के बीच।हरेक पृथक कॉl~ै ट जो ऐसे नोवेशन
से परणत होता है, वह मूल कॉl~ै ट के समान होगा, सफ. अंतर यह होगा Eक ि लयरंग कॉपरेशन को
)$त8था,पत कर दया जाएगा और वह पोिजशन हा सल कर लेगा और उसी के अनुOप vेता ि लयरंग
सद8य के )$त ,वvेता ि लयरंग सद8य के अ7धकार; व देयताओं, पोिजशन और साथ ह ,वvेता ि लयरंग
सद8य के )$त vेता ि लयरंग सद8य के अ7धकार तथा देयताएं हा सल कर लेगा।
8.5.3
ि लयरंग कॉपरेशन, 8वयं को सžपे या संब} ए सचज क1 ओर से अथवा Eकसी ि लयरंग सद8य क1 ओर
से Eकसी सौदे या लेनदेन से जुड़े कोई तथा/या सभी सूचना तथा डेटा क1 सटकता तथा )ामाKणकता पर
अं$तम Oप से भरोसा करेगा, भले ह कोई ि लयरंग सद8य को ऐसी सžपी गई सूचना या डेटा क1 सुपुद.गी
के लए अ7धकृत Eकया गया हो अथवा न Eकया गया हो।
8.5.4
)wयेक ओपन पोिजशन (चाहे Eकसी 8वा मwव पोिजशन या Eकसी ि लयरंग सद8य के लाइंट पोिजशन के
लए ना मत हो) जब समाशोधन तथा $नपटारे के लए ि लयरंग कॉपरेशन oारा 8वीकृत कर ल जाती है, तब
वह ओपन पोिजशनि लयरंग कॉपरेशन तथा Eकसी ि लयरंग सद8य के बीच (,)ं सपल टु ,)ं सपल) होगा।
8.5.5
Eकसी अlय FयG या Eकसी तीसरे पN के पास, िजसम कोई वह ए सचज सद8य भी शा मल होगा जो
ि लयरंग सद8य का एक लाइंट है या कुछ अlय Oप से जुड़ा है, ि लयरंग सद8य तथा ि लयरंग
कॉपरेशन के बीच Eकसी ओपन पोिजशन के तहत कोई अ7धकार ह;गे।
8.5.6
इन उप-$नयम; म मौजूद Eकसी भी चीज़ को $नQन लKखत के Oप म नहं माना जाएगा, देखा जाएगा या
अlय तरके से वKण.त नहं Eकया जाएगा:
a.
नकल, ¿ासमान, परवत.नकार या अlय तरके से ि लयरंग कॉपरेशन व Eकसी ि लयरंग सद8य के
बीच के संबंध को )भा,वत करने वाला।
b.
ि लयरंग कॉपरेशन को Eकसी तीसरे पN के Eकसी अ7धकार या अ7धकारता को माlयता देने के लए
बा€य करना या अ$नवाय. बनाना।
8.5.7
वे लेनदेन जहां िलय%रंग कॉप)रेशन एक कानूनी /.त-पY के vप म काम नह ं करेगा:
8.5.7.1 य द Eकसी जांच क1 ि8थ$त म, संब} ए सचज का $न±कष. यह होता है Eक अपने ~ेडंग लैटफॉम.
या उसके Eकसी अlय ~ेडंग )णा लय; पर $न±पा दत या तो सभी लेनदेन या उसका कोई ह8सा
PART IV]
THE GAZETTE OF INDIA, JUNE 17, 2017 (JYAISTHA 27, 1939)
1249
एक फज¢ ढंग से Evयािlवत Eकया गया हो और/या उसे ,वhीय लेन-देन या संर7चत सौदे के Oप म
रखा गया हो और/या ि लयरंग कॉपरेशन oारा परचा लत सेटलमट गारंट फंड के ड³ॉड के लए
डजाइन Eकया गया हो, संब} ए सचज से रपोट. )ाb होने पर, इस तरह के सौदे/लेनदेन तथा
उनके समूह; से अपने आप को पूण. अ7धकार और ,ववेक के साथ एक कानूनी काउंटर पाट¾ के Oप
म वापस करने का पूण. अ7धकार होगा।
8.5.7.2 बशतp Eक जहां संब} )ा7धकार ऐसे Eकसी भी तरह के लेनदेन के लए चाहे पूण.त: या आं शक Oप
से, और/या तो दोन; पN; या लेनदेन के एक तरफ से, एक कानूनी काउंटर पाट¾ के Oप म खुद को
वापस लेने के अपने ,ववेका7धकार का इ8तेमाल करने का फैसला लेता है, तो इसे सभी )भा,वत
पN; या इस तरह के $नण.य से )भा,वत होने वाले सभी पN; क1 बात सुनने का अवसर सृिजत
करना होगा।उसके बाद संब} )ा7धकार oारा लया गया $नण.य )भावी हो जाएगा और वह सभी
संब} पN; के लए अं$तम और बा€यकार होगा।
8.6
/.तभू.तयj तथा/या अंत.न?हत प%रसंपिcतयj क\ आपू.त?
8.6.1
उन )$तभू$तय; के समाशोधन, $नपटारे तथा आपू$त. ि लयरंग कॉपरेशन oारा क1 जाएगी, िजसका ~ेड संब}
ए सचज; पर Eकया जाता हो।Eकसी अंत$न. हत परसंप,h िजसे Eकसी )$तभू$त के तहत खरदा या बेचा जाता
हो और उस )$तभू$त का ~ेड संब} ए सचज; म Eकया जाता हो, तो उस अंत$न. हत परसंप,h क1 आपू$त.
उप$नयम;, $नयम; तथा ,व$नयम;, संब} ए सचज; के अ7धसूचनाओं तथा सकु. लर; के अनुOप तथा इन
उप$नयम;, तथा उनके तहत बने $नयम;, ,व$नयम; के )ावधान; के अनुOप क1 जाएगी या $नपटारा Eकया
जाएगा।
8.6.2
सौदे/लेनदेन; को ि लयरंग खंड;, ~ेड;, बे सस, मोड और ,व भlन $नपटारा )कार म $नपटारे के तरके oारा
और ि लयरंग कॉपरेशन oारा चv म $नपटान के तरके के )कार oारा वग¢कृत Eकया जा सकता है और
समय-समय पर सकु. लर के मा€यम से अ7धसू7चत Eकया जाता है।
8.6.3
)$तभू$तय; तथा/या अंत$न. हत परसंप,h क1 आपू$त. तथा फंड; के भुगतान हेतु ि लयरंग सद8य; के
दा$यwव; म ि लयरंग सद8य के $नपटारा दा$यwव मौजूद ह;गे।
8.6.4
जहाँ लागू हो, सौद;/लेनदेन; के $नपटान के दा$यwव के संबंध म )$तभू$तय; या अंत$न. हत संप,hय; क1
आपू$त. डपॉिजटर या वेयरहाउसेज/वाट; के मा€यम से या ऐसे ह अlय )णाल के मा€यम से होगा, जैसा
भी मामला हो सकता है, और यह उस तरके म और ऐसी जगह (जगह;) पर संपlन क1 जाएगी िजसे समय-
समय पर संबं7धत )ा7धकार oारा $नधा.रत Eकया जाता हो।
8.6.5
संब} )ा7धकार, समय-समय पर उन )$तभू$तय;, द8तावेज़; तथा कागजात; का वण.न करेगा िजनक1 वKण.त
तरके से आपू$त. करने पर उhम आपू$त. मानी जाएगी।जहां परि8थ$तयां ऐसी हो जो भरोसा देती ह;, संब}
)ा7धकार $नधा.रत कर सकते ह#, दज. करने के लए उन कारण; को, भले ह Eकसी आपू$त. म एक उhम
आपू$त. हो या न हो, और ये $न±कष. संब} पN; के लए बा€यकार ह;गे।संबं7धत )ा7धकार जहां यह
$नधा.रत करता है Eक Eकई आपू$त. म एक उhम आपू$त. $न हत नहं है, आपू$त. पN को ऐसी आपू$त. को
संब} )ा7धकार के लए वKण.त समय के भीतर 8वीकाय. उhम आपू$त. से )$त8था,पत करने क1 आव•यकता
होगी।
8.6.6
इन उप-$नयम; के तहत आपू$त. संब} सं,वदा ,व$नदpशन; म अधीन होगी, िजसम शा मल ह;गे अंत$न. हत
संप,hय; के कोई टडर और रसीद या अनुमो दत वेयरहाउस/वॉट रसीद या सं,वदा ,व$नदpश; म $नधा.रत
अlय द8तावेज़।
8.6.7
इन उप-$नयम; म कुछ मौजूद होने के बावजूद भी, सं,वदा ,व$नदpश; के अनुसार आपू$त. करने या लेने म
,वफलता को ि लयरंग कॉपरेशन oारा संब} ि लयरंग खंड के संदभ. म बने इन )ावधान; या $नयम; का
उलंघन समझा जाएगा और दोषी ि लयरंग सद8य पर अनुशासनाwमक काय.वाह क1 जा सकती है।
8.6.8
माकp ट लॉट, ऑड लॉट, मी$नमम लॉट, पाट. डे लवर, आं शक Oप से देय )$तभू$तय; क1 डे लवर इwया द के
लए मानदंड तथा )Evयाएं समय-समय पर संब} )ा7धकार oारा ,व$न द.ƒ Eकए जाएंगे।
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8.6.9
,ववादपूण. डे लवरज या दोषपूण. डे लवरज तथा मेजस., )Evयाओं तथा डे लवरज म ,ववाद; या दोष; को
सुलझाने क1 )णाल या ऐसी डे लवरज के परणाम; या उनके समाधान इन उप-$नयम; तथा ,व$नयम; के
अधीन ह;गे, जो समय-समय पर संब} )ा7धकार oारा ,व$न द.ƒ Eकए जाएंगे।
8.6.10
ि लयरंग सद8य के लए सौद;/लेनदेन; के $नपटारा दा$यwव के संदभ. म फंड; का भुगतान ि लयरंग ब#क
(ब#क;) के ज़रए संपlन Eकया जाएगा।
8.7
िलय%रंग दवस, िलय%रंग घंटे तथा .नधा?%रत समय
8.7.1
ि लयरंग दवस तथा $नधा.रत समय
संब} )ा7धकार, समय-समय पर ,व भlन ि लयरंग दवस; को तय करेगा, िजनम पे-इन तथा पे-आउट दन
और साथ ह समाशोधन तथा $नपटारा परचालन के संबंध म $नरNण हेतु समय ता लका शा मल रहते
ह#।ि लयरंग कॉपरेशन समय-समय पर ,व भlन ए सचज; या माकp ट/ि लयरंग खंड; या )$तभू$तय; के लए
,व भlन समय ता लकाओं का उलेख कर सकता है।
8.7.2
ि लयरंग घंटे
ि लयरंग कॉपरेशन के ,व भlन ि लयरंग खंड; म Eकए सौद; के समाशोधन तथा $नपटारे के घंट; को
समय-समय पर संब} )ा7धकार oारा ,व$न द.ƒ Eकया जा सकता है।संब} )ा7धकार, समय-समय पर एक
ि लयरंग खंड तथा/या ,व भlन ि लयरंग खंड; या ,व भlन ए सचज; के लए ि लयरंग घंट; का $नधा.रण
कर सकता है।
8.7.3
ि लयरंग दवस तथा $नधा.रत समय म परवत.न:
8.7.3.1 संब} )ा7धकार समय-समय पर ,व भlन ए सचज; या माकp ट/ि लयरंग खंड; या )$तभू$तय; के
लए समाशोधन दवस; तथा समय ता लकाओं का को समय-समय पर )ी-)ोन करने, ,व8तार
करने, बदलने या र• करने का फैसला ले सकता है।
8.7.3.2 इन उप-$नयम; म $न हत Eकसी चीज़ के ,वरोधाभासी तÀव; के होने के बावजूद, ि लयरंग
कॉपरेशन दज. Eकए जाने हेतु कारण; का पता लगा सकता है;
a. Eकसी भी सौद; म वहां )$तभू$तय; के समाशोधन तथा/या $नपटारा )दश.न के समय को बढ़ाने
या र• करना, जहाँ अपनी राय म ऐसी कार.वाई जनता के हत म अनुभव हो या Fयापार के
lयायपूण. और lयायसंगत स}ांत; के oारा या परि8थ$तयां ऐसी बन जाए जो दोन; म से
Eकसी एक या दोन; सं,वदा पN; के $नयंŒण से बाहर हो जाए तो ऐसी कार.वाई वांछनीय
होगी।
b. Eकसी ,वशेष ि8थ$त म Eकसी एक ि लयरंग श•यूल से आगामी ि लयरंग श•यूल म Eकसी
)$तभू$त के $नपटारा )दश.न के समय को बढ़ा सकता या र• कर सकता है।
c. पड़ने वाल छु Áय; या अlय कारण; से एक ह दन कई $नपटारा करने क1 ि8थ$त म,
लेनदेन; को vमानुसार या Eकसी अlय आधार पर समाशो7धत तथा $नपटारा Eकया जाएगा,
िजसका उलेख ि लयरंग कॉपरेशन oारा Eकया जाता हो।
8.7.3.3 ि लयरंग कॉपरेशन Eकसी कैलडर वष. म छु Áय; क1 एक सूची क1 घोषणा कर सकता है।ि लयरंग
कॉपरेशन समय-समय पर इन )ावधान; के अनुOप Eकlहं तय छु Áय; को बदल सकता है या उlह
र• कर सकता है।दज. Eकए जाने वाले कारण; से, यह Eकसी ि लयरंग खंड म छु Áय; के अलावा
Eकसी दन; पर समाशोधन तथा $नपटारा परचालन; को र• कर सकता है।
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8.8
समाशोधन तथा .नपटारा:
8.8.1
)wयेक समाशोधन खंड के लए संब} ए सचज; पर संपlन सौद; के समाशोधन तथा $नपटारे को नेटेड
आधार पर या Eकसी अlय आधार पर संपlन Eकया जा सकता है, िजसका समय-समय पर संब} )ा7धकार
oारा वKण.त Eकया गया जाए।
8.8.2
“ने टंग” का अथ. होता है ि लयरंग कॉपरेशन oारा हरेक ि लयरंग सद8य का सकल भुगतान या डे लवर
उhरदा$यwव; का $नधा.रण, जो ि लयरंग कॉपरेशन या $नपटारे के लए 8वीकृत लेनदेन; के 8टॉक ए सचज
oारा समापन से उपजे दाव; तथा उhरदा$यwव; समेत )$तभू$तय; क1 खरद या šबv1 से उपजे उhरदा$यwव;
या दाव; के सेट ऑफ या समायोजन oारा Eकया ऐसी परि8थ$तय; म Eकया जाता है, जब ि लयरंग
कॉपरेशन उप-$नयम; म उसका उलेख करे, ताEक केवल एक सकल दावे क1 मांग क1 जाए या एक सकल
उhरदा$यwव देय हो।
8.8.3
.नपटारा तथा .नवल रा+श (नेटंग)
8.8.3.1
संब} ए सचज के ~ेडंग लैटफॉम. पर संपlन सौदे या लेनदेन के संदभ. म भुगतान तथा $नपटान
का $नधा.रण सेबी क1 पूव. मंजूर के साथ संब} ए सचज तथा ि लयरंग कॉपरेशन के संबं7धत
उप-$नयम; म वKण.त ने टंग या सकल )Evया के अनुOप Eकया जाएगा।
8.8.3.2
ऊपर वKण.त पN; के बीच Eकसी लेनदेन के संदभ. म भुगतान तथा $नपटारा अं$तम, अटल तथा
ऐसे पN; के लए बा€यकार होगा।
8.8.3.3
$नपटारा जब अं$तम और अटल बन जाता है, संबं7धत ए सचज या ि लयरंग कॉपरेशन का, जैसी
भी ि8थ$त बने, Eकसी संपाि›.क या जमाओं अथवा संब} संघटक / ~ेडंग सद8य, ि लयरंग
सद8य या लाइंट oारा )दh मािज.न, जो इसके $नपटारे या अlय उhरदा$यwव; के एवज म हो
और संब} ए सचज या ि लयरंग कॉपरेशन के उप-$नयम; के अनुOप हो, उG संब}
संघटक/~ेडंग सद8य, ि लयरंग सद8य या लाइंट, जैसी ि8थ$त बने, के ,व-} उपजे Eकसी अlय
देयता या दावे पर )भावी हो जाएंगे।
Fया”या।– संदेह; को दूर करने के लए, एतदoारा घोषणा क1 जाती है Eक œय;ह धन, )$तभू$तय; या
अlय देय लेनदेन; के ऐसे $नपटारे के परणाम8वOप $नधा.रण कर लया जाता है, चाहे ऐसा धन,
)$तभू$तयां या संब} अंत$न. हत संप,hयां वा8तव म भुगतान क1 गई या आपू$त. संपlन हो अथवा न
हो, $नपटारे को, चाहे यह सकल या नेट हो, इस उप-$नयम म अं$तम व अटल माना जाएगा।
8.8.4
ि लयरंग कॉपरेशन के पास एक या एका7धक ि लयरंग खंड; म इसके Eकसी ि लयरंग सद8य; के बकाय;
को समाशोधन खंड; म ि लयरंग कॉपरेशन के साथ उपल‰ध ऐसे ि लयरंग सद8य के सQपाि›.क, जमाओं
तथा परसंप,hय; से वसूल का अ7धकार होगा और ऐसे अ7धकार का उG ि लयरंग सद8य के ,व-} Eकसी
अlय देयता या दावे के ऊपर अ7धक )भाव रहेगा।
8.8.5
सं;वदा का अं.तम .नपटारा
8.8.5.1
ि लयरंग कॉपरेशन oारा तय सं,वदाओं के संदभ. म अं$तम $नपटारे से जुड़े फंड; को संब}
ि लयरंग सद8य के ि लयरंग तथा सेटलमट अकाउंट से ि लयरंग ब#क oारा डेšबट Eकया जाएगा,
जो ि लयरंग सद8य के पूण. पे-इन दा$यwव; को पूरा करने के एवज म संपlन Eकया जाता है।
8.8.5.2
डे लवरेबल •यूचस. कॉl~ै ट के $नपटारा को जब पूरा माना जाएगा, जब ि लयरंग कॉपरेशन
$नदpश देगा, और ,वvय ि लयरंग सद8य और vय ि लयरंग सद8य vमशः अंत$न. हत संप,h
क1 आपू$त. करेगा और उसे लेगा, जो ओपन कॉl~ै „स के संदभ. म होगा जो ए सचज $नयम;,
ऐसे अंत$न. हत या कॉl~ै ट पर लागू सं,वदा ,व$नदpशन; के अनुOप ड लवरेबल कॉl~ै „स होते ह#।
8.8.6
दै.नक .नपटारा मू य
8.8.6.1
ि लयरंग कॉपरेशन का संब} )ा7धकार संब} ए सचज के परामश. से या उसके šबना, ~ेडंग घंट;
के समाb होने पर, हरेक )$तभू$त के लए दै$नक $नपटारा मूय का $नधा.रण करेगा।
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8.8.6.2
ि लयरंग कॉपरेशन oारा $नधा.रत दै$नक $नपटारा मूय सभी ि लयरंग सद8य; के लए
बा€यकार होगा।
8.8.6.3
इन उप-$नयम; म Eकसी चीज़ के होने के बावजूद, संब} )ा7धकार के पास दै$नक $नपटारा मूय;
के संशोधन म सुधार करने का अ7धकार सुर˜Nत रहेगा।
8.8.7
दै.नक .नपटारा मू य क\ घोषणा क\ असमथ?ता
य द संब} )ा7धकार क1 राय म कोई ि8थ$त या प}$त Eकसी )$तभू$त या )$तभू$तय; के समूह क1 संब}
सं,वदा ,व$नदpश; के अनुOप दै$नक $नपटारा मूय के $नधा.रण को रोक सकती हो अथवा )$तबं7धत कर द
हो, संब} )ा7धकार अपनी राय म उन परि8थ$तय; म आव•यक सुधार करने के लए कदम उठा सकता है,
ताEक दै$नक $नपटारा मूय का $नधा.रण Eकया जा सके और उसक1 घोषणा क1 जा सके और वह उसी के
अनुOप ि लयरंग सद8य; को $नदpश दे सकता है।
8.8.8
दै.नक .नपटारा मू य
अं$तम $नपटारा मूय ऐसा मूय होगा, िजसका $नधा.रण संब} )ा7धकार oारा Eकया जाएगा।
8.8.9
बंद करना (लोिजंग आउट)
8.8.9.1
समाशोधन तथा $नपटारा के लए ि लयरंग कॉपरेशन oारा 8वीकृत संब} ए सचज पर संपlन
Eकसी सौदे को उस ि8थ$त म बंद ( लोज आउट) Eकया जा सकता है जब ि लयरंग सद8य सौद;
के $नपटारे, आपू$त., भुगतान से जुड़े Eकसी )ावधान का अनुपालन करने म ,वफल हो जाता है, या
संपlन Eकए गए सौद; से जुड़े $नयम-शत• को पूरा करने म ,वफल रहता हो अथवा ऐसी कोई
अlय परि8थ$तयां पैदा हो जाती ह#, िजनका संब} )ा7धकार समय-समय पर उलेख करता हो।
8.8.9.2
उG सौदे को ि लयरंग कॉपरेशन oारा उस तरके से लोœड आउट माना जा सकता है, जो
समय-समय पर संब} )ा7धकार oारा ,व$न द.ƒ Eकया गया हो।
8.8.9.3
पूव.वत¢ क1 Fयापकता के )$त Eकसी पूवा.…ह के šबना, संब} )ा7धकार Eकसी ि लयरंग सद8य के
,व-} $नQन लKखत ि8थ$त म खरद या šबv1 कर सौद; को रोक सकता है :
a.
ऐसी ि8थ$त म जब ि लयरंग सद8य देय $त7थ पर ड लवर पूरा करने पर ,वफल रहता हो ;
b.
ऐसी ि8थ$त म जब vेता ि लयरंग सद8य देय $त7थ पर देय रा श के भुगतान म ,वफल
रहता हो ; और
c.
ऐसी ि8थ$त म जब ऐसे लोिजंग आउट से नुकसान, N$त या कमी पैदा होती है, िजसे उन
ि लयरंग सद8य; oारा )दान Eकया जाएगा जो देय आपू$त. म या देय रा श का भुगतान
करने म ,वफल रहा हो।
8.8.10
ओपन पोिजशन का हतांतरण
8.8.10.1
ि लयरंग कॉपरेशन $नQन लKखत काय. संपlन कर सकता है :
a.
ि लयरंग सद8य के अनुरोध पर,
b.
जहां संब} ए सचज; के $नयम; तथा/या ,व$नयम; म )दh हो , उG ए सचज के $नदpश
पर, या
c.
इन उप-$नयम; म मौजूद अनुशासनाwमक )ावधान; के अनुOप,
Eकसी ि लयरंग सद8य (“ह8तांतरणकता. ि लयरंग सद8य") के नाम पर Eकसी ओपन
पोिजशन को अlय ि लयरंग सद8य ("ह8तांतरण )ाbकता. ि लयरंग सद8य") को ह8तांतरण
करना।
8.8.10.2
)ावधान 8.8.10.1 के बावजूद, संब} )ा7धकार šबना कोई कारण बताए Eकसी पोिजशन के
ह8तांतरण को रोक सकता है। कोई ह8तांतरण ि लयरंग कॉपरेशन oारा आरो,पत Eकlहं
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शत• का अनुपालन करने वाले ह8तांतरणकता. ि लयरंग सद8य तथा ह8तांतरण )ाbकता.
ि लयरंग सद8य के अधीन हो सकता है, िजसम Eकसी एक या उपरोG दोन; पN; अथवा
Eकसी अlय पN क1 ओर से मािज.न या संपाि›.क जमा शा मल हो सकती है।
8.8.10.3
ह8तांतरण ऐसे तरके से और ऐसे समय से )भा,वत होगा, जो ि लयरंग कॉपरेशन oारा
$नधा.रत Eकया गया हो, और ह8तांतरणकता. ि लयरंग सद8य oारा द गई 8वीकृ$त के
अधीन हो। ह8तांतरकता. ि लयरंग सद8य oारा ि लयरंग कॉपरेशन oारा वKण.त तरके म
ह8तांतरण को 8वीकाय. करने पर, ह8तांतरकता. ि लयरंग सद8य तथा ि लयरंग कॉपरेशन
के बीच ओपन पोिजशन को र• कर दया जाएगा और ि लयरंग कॉपरेशन तथा ह8तांतरण
)ाbकता. ि लयरंग सद8य के बीच र• ओपन पोिजशन क1 शत• पर नए ओपन पोिजशन
अि8तwव म आएगा।
8.8.11
ओपन पोिजशन
8.8.11.1
सभी पोिजशन ओपन और )भावी रहगे और ि लयरंग सद8य; के लए बा€य ह;गे, जबतक
Eक ये उप-$नयम; के अनुOप पोिजशन ऑफसेट करने oारा लि वडेट Eकया जाता है, या
डे लवर या नकद $नपटारा Eकया जाता हो, बशतp Eक सभी ओपन पोिजशन का उन दवस; पर
समाb सं,वदाओं पर अि8तwव समाb हो जाएगा।
8.8.11.2
समय-समय पर संब} )ा7धकार कॉपरेट ए शन समायोजन; से जुड़े )ावधान; को ,व$नदp शत
कर सकता है, िजसम ओपन पोिजशन म गैर-समायोजन, कोई या सभी )$तभू$तय; का बंद
होना तथा/या संब} )$तभू$तय; के लए $नपटारा ,व7धय; अथवा )Evयाओं का बंद होना
शा मल होगा, जो अंत$न. हत परसंप,hय; म कॉपरेट ए शन से उपजते ह; या उनपर घ टत
होते ह#।
9. िलय%रंग सदयj wवारा xकए जाने वाले सौदे
9.1
ि लयरंग कॉपरेशन अपने ि लयरंग सद8य; के अलावा Eकसी अlय FयGय; को सौदे संपlन करने वाले पN के Oप
म माlयता नहं देगा। )wयेक ि लयरंग सद8य को ि लयरंग कॉपरेशन के )$त अपने उन सौद; को पूरा करना होगा
िजनका उलेख संब} )ा7धकार oारा Eकया जाए, भले ह ऐसा सौदा ि लयरंग सद8य या संघटक के म•ेनजर हो।
9.2
संब} ए सचज तथा ि लयरंग कॉपरेशन के बीच संपlन Fयव8था क1 शत• म ि लयरंग कॉपरेशन oारा 8वीकृत
सभी सौदे ि लयरंग कॉपरेशन के उप-$नयम;, $नयम; तथा ,व$नयम; के अधीन ह;गे और ऐसे उप-$नयम, $नयम,
,व$नयम ऐसे सभी सौद; के $नयम व शत• के अंग के Oप म ह;गे। इन सौद; का ि लयरंग कॉपरेशन के इन उप-
$नयम; तथा $नयम; व ,व$नयम; के तहत )दh के संदभ. म संब} )ा7धकार oारा इ8तेमाल Eकया जाएगा।
9.3
8वीकृत सौद; का अनुलंघनीयता
9.3.1
संब} ए सचज; म )$तभू$तय; म Eकए जाने वाले सभी सौद; को ि लयरंग कॉपरेशन के उप-कानून;,
$नयम; तथा ,व$नयम; के अधीन माना जाएगा।
9.3.2
इन सौद; का ि लयरंग कॉपरेशन के इन उप-$नयम; तथा $नयम; व ,व$नयम; के तहत )दh के संदभ. म
संब} )ा7धकार oारा इ8तेमाल Eकया जाएगा।
9.3.3
ऐसे सभी सौदे अनुलंघनीय ह;गे तथा उनका समाशोधन तथा $नपटान इन उप-$नयम; या उसके अधीन
बनाए गए ,व$नयम; और ि लयरंग कॉपरेशन के $नयम; के तहत Eकया जाएगा।
9.3.4
हालांEक ि लयरंग कॉपरेशन/संब} ए सचज Eकसी ि लयरंग सद8य क1 ओर से आवेदन मलने पर, नो टस
देकर सौदे (सौद;) को र• कर सकता है, य द संब} )ा7धकार सौदे (सौद;) से जुड़े अlय पN/पN; क1 बात
सुनकर संतुƒ हो जाता हो Eक जालसाजी या जानबूझ कर गुमराह करने अथवा संब} ए सचज के साथ
,वचार-,वमश. कर ~ेड म क1 गई वा8त,वक भूल के आधार पर ऐसे सौदे $नर8त Eकए जाने के यो‡य हो/ह;।
9.3.5
उपरोG उपबंध 9.3.4 म मौजूद Eकसी तÀव के बावजूद, संब} ए सचज के साथ परामश. कर ि लयरंग
कॉपरेशन खासकर )$तभू$तय; म $नवेशक; और सामाlय Oप से बाजार के हत क1 रNा करने और )$तभू$त
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THE GAZETTE OF INDIA, JUNE 17, 2017 (JYAISTHA 27, 1939)
[PART IV
बाजार के सह ,व$नयम के लए Eकसी भी समय ऐसे सौदे (सौद;) को 8वैिsछक Oप से र• कर सकता है,
य द संब} )ा7धकार लKखत म दज. Eकए जाने वाले कारण; से संतुƒ हो जाए Eक ऐसे सौदे जालसाजी,
वा8त,वक गलती, Ãामक सूचना या बाजार अथवा मूय जालसाजी या ऐसी ह गलत ,व7ध से जुड़े ह;।
9.3.6
उपरोG उपबंध; 9.3.4 तथा 9.3.5 के अनुOप को $नर8तीकरण अं$तम होगा तथा उसे ~ेड से जुड़े सभी पN;
के लए बा€यकार माना जाएगा। ऐसी Eकसी ि8थ$त म, ि लयरंग सद8य के पास अपने संघटक; के साथ
संब} सौदे (सौद;) को र• करने का अ7धकार होगा।
9.4
)$त$न7ध ि लयरंग सद8य; oारा Eकए जाने वाले सौदे अनुम$त के साथ अपने )$त$न7ध के Oप म काय. करने के लए
अ7धकृत कर सकता है।
9.5
सं,वदाwमक संबंध
9.5.1
यहां मौजूद होने के अलावा, इन उप-$नयम; तथा ,व$नयम; म )दh डे लवर देने या पाने तथा/या भुगतान
करने वाले ि लयरंग सद8य; के बारे म यह मानने के बावजूद Eक उनके बीच सीधा संबंध नहं है, एक-दूसरे
के साथ ,वvेता तथा vेता के Oप म सं,वदा संपlन माना जा सकता है।
9.5.2
उपरोG के होने के बावजूद, )ाbकता. तथा आपू$त.कता. ि लयरंग सद8य के अ7धकार तथा देयताएं $नकटवत¢
सं,वदा पN के संदभ. म )भा,वत नहं ह;गे।
9.5.3
हालांEक ,वvेता ि लयरंग सद8य (जबतक Eक वह खुद आपू$त.कता. ि लयरंग सद8य न बन जाए) को तब
उन द8तावेज़; के टाइटल, 8वा मwव, सsचाई, $नय मतता तथा वैधता से जुड़ी िजQमेदार से मुG माना
जाएगा जब उन द8तवेज़; को )ाbकता. ि लयरंग सद8य oारा )ाb कर लया जाता है और य द उन
द8तावेज़; से )ाbकता. ि लयरंग सद8य को कोई N$त तथा/या नुकसान पहुंचता है, तब उससे उप-$नयम;
तथा ,व$नयम; म )दh )ावधान; के अनुOप $नपटा जाएगा, बशतp Eक :
a.
जहां संब} )ा7धकार या तो सामाlय Oप से अथवा ,वशेष Oप से, इन उप-$नयम; तथा ,व$नयम; म
)दh फंड; को देने या पाने तथा/या भुगतान करने वाले ि लयरंग सद8य; के बारे म यह मानने के
बावजूद Eक उनके बीच सीधा संबंध नहं है, ,वvेता तथा vेता के Oप म यथाथ.ता के ज़रए तथा उनके
बीच आपू$त.कता. तथा )ाbकता. ि लयरंग सद8य; के Oप म एक-दूसरे के साथ ,वvेता तथा vेता के
Oप म कोई सं,वदा संपlन माना जाएगा ;
b.
बशतp Eक ऐसी ि8थ$त म आपू$त.कता. तथा )ाbकता. ि लयरंग सद8य के अ7धकार; तथा देयताओं को
)भा,वत नहं माना जाएगा और ि लयरंग कॉपरेशन को उन द8तावेज़; के टाइटल, 8वा मwव, सsचाई,
$नय मतता तथा वैधता से जुड़ी िजQमेदार से मुG माना जाएगा और य द आपू$त.कता. तथा )ाbकता.
ि लयरंग सद8य; को उनसे कोई N$त तथा/या नुकसान पहुंचता है, तब उससे उप-$नयम; तथा
,व$नयम; तथा $नयम; म )दh )ावधान; के अनुOप $नपटा जाएगा।
10. मािज?न
10.1 ि लयरंग सद8य सभी मािज.न अपेNाओं के )$त ि लयरंग कॉपरेशन के लए िजQमेदार होते ह# और संब} )ा7धकार
oारा समय-समय पर $नधा.रत मािज.न अपेNाओं का पालन करगे।
10.2 संब} )ा7धकार समय-समय पर $नधा.रत मूयांकन ,व7ध के अनुसार मािज.न के लए )दान Eकए गए Eकसी भी
संपाि›.क का मूयांकन करेगा।
10.3 संब} )ा7धकार $नQन लKखत का $नधा.रण करेगा :
10.3.1
उन संपाि›.क; के )कार, )कृ$त और संघटन का $नधा.रण करेगा िजlह मािज.न के Oप म 8वीकार Eकया
जाएगा,
10.3.2
उG मािज.न क1 गणना क1 ,व7ध और फॉमू.ला का $नधा.रण करेगा और,
10.3.3
,व)ेषण या उनके भुगतान क1 ,व7ध का $नधा.रण,
10.3.4
उस समय का $नधा.रण करेगा जब संपाि›.क को मािज.न के Oप म 8वीकार करने यो‡य बनाने के लए और
यहां वKण.त मूयांकन पर ज‰त Eकया जाएगा।
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10.4 )$तभू$तय; के Oप म या ि लयरंग कॉपरेशन oारा अlय 8वीकाय. संपाि›.क Oप; म मािज.न देने या जमा करने वाला
ि लयरंग सद8य, हमेशा इसके मूय को बनाए रखेगा ताEक संपाि›.क का मान मािज.न क1 उस माŒा से नीचे न जाए
िजसे इन ि लयरंग सद8य; oारा जमा Eकए जाने क1 ज़Oरत होती है। ऐसी )$तभू$तय; या अlय 8वीकाय. अवयव; म,
Eकसी भी समय, आव•यक मािज.न के 8तर के नीचे ¿ास होने क1 ि8थ$त म, ि लयरंग सद8य )$तभू$त क1 माŒा क1
परपू$त. करेगा या संब} )ा7धकार क1 संतु,ƒ के लए मािज.न के अlय Oप पेश करेगा।
10.5 संब} )ा7धकार के पास इस ि लयरंग सद8य oारा )दान क1 गई अ$तरG )$तभू$त का मूय $नधा.रत करने का
अ7धकार होगा।
10.6 मािज.न के Oप म ि लयरंग कॉपरेशन को )दान Eकए गए सभी संपाि›.क Eकसी भी ऋण भार से मुG ह;गे और मुG
रहगे।
10.7 संब} )ा7धकार के पास, उ7चत समझते हुए Eकसी भी समय, ि लयरंग कॉपरेशन के पास Eकसी भी जमा मौजूदा
संपाि›.क को नगद के से बदलने के लए ि लयरंग सद8य को कॉल करने का अ7धकार होगा।
10.8 कोई भी ि लयरंग सद8य ()wयN और अ)wयN Oप से) Eकसी भी Fयव8था म )वेश नहं करेगा या ि लयरंग
कॉपरेशन के इन उप-$नयम; या $नयम; के अंतग.त $नधा.रत मािज.न अपेNाओं के टालमटोल करने या इसम सहयोग
करने के उ•े•य से कोई भी )Evया नहं अपनाएगा।
10.9 7गरवी रखे हुए या मािज.न के एवज म ि लयरंग सद8य oारा n`f’Vca/k Eकए हुए संपाि›.क, इन उप-$नयम; या $नयम;
के )ावधान; के अंतग.त ि लयरंग कॉपरेशन के लए देय सभी रा शय; के लए )थम और सवा.7धक धारणा7धकार पर
$नभ.र ह;गे। मािज.न ि लयरंग सद8य के इन उप-$नयम; या $नयम; या इसके दा$यwव; और इसके पालन म Eकए गए
Eकसी भी चीज़ के मुताšबक Eकसी डील से उwपlन या इससे संबं7धत देनदारय; क1 उ7चत पू$त. के एवज म अlय सभी
दाव; के संदभ. म उपल‰ध होगी।
10.10 ि लयरंग कॉपरेशन Eकसी भी समय, ि लयरंग सद8य के ि लयरंग कॉपरेशन के )$त िजQमेदारय; के साथ
ि लयरंग सद8य के एक या एक से अ7धक अकाउंट को संयुG कर सकता है और ि लयरंग कॉपरेशन के )$त
ि लयरंग सद8य के Eकसी भी देनदारय; क1 संतु,ƒ क1 दशा म ऐसे अकाउंट म Eकसी भी फंड को सेट ऑफ और/या
अंतरण और/या लागू कर सकता है।
10.11 मािज.न देनदारय; को पूरा करने म ,वफल :
10.11.1 य द कोई ि लयरंग सद8य इन उप-$नयम; और ,व$नयम; के मुताšबक मािज.न का भुगतान करने म ,वफल
होता है, तो संब} )ा7धकार ऐसे ि लयरंग सद8य पर कार.वाई कर सकता है िजसम ि लयरंग सद8य का
$नलंबन या ि लयरंग सद8य और/या उससे संबं7धत संघटक; और उनके लाइं„स के ओपन पोिजशन का
हसाब चुकता करना/बंद करना शा मल हो सकता है ;
10.11.2 ऐसी ि8थ$त म जहां ि लयरंग सद8य समाशोधन एवं $नपटारे क1 )Evयाओं से ि लयरंग कॉपरेशन के )$त
उwपlन Eकसी भी अlय देयताओं क1 पू$त. म ,वफल होता है, तो ि लयरंग कॉपरेशन को, समाशोधन एवं
$नपटारे के उ•े•य से ि लयरंग सद8य oारा मािज.न के Oप म भुगतान क1 रा श या ि लयरंग कॉपरेशन
oारा )$तधारत अlय भुगतान के इ8तेमाल का अ7धकार होगा।
10.12 ि लयरंग कॉपरेशन के पास जमा मािज.न को, संपाि›.क के Eकसी भी Oप म, पूण. Oप से या आं शक Oप से, एक या
अ7धक अ भरNक;, ब#क; या संब} )ा7धकार oारा $नधा.रत इसी तरह से अlय सं8थान को सžपा या उनके पास रखा
जा सकता है। सभी मािज.न जमा ि लयरंग कॉपरेशन oारा और/या 8वीकृत FयGय; oारा और/या 8वीकृत अ भरNक;
या ब#क; oारा, जमा करने वाले ि लयरंग सद8य या उनक1 ओर से िजनके पास इस ,ववेका7धकार के इ8तेमाल पर
)¶ उठाने का अ7धकार है, Eकसी भी अ7धकार के šबना ि लयरंग सद8य के अकाउंट पर रखा जाएगा। ि लयरंग
कॉपरेशन इस ि लयरंग सद8य के मािज.न के भाग के Oप म सभी संपाि›.क; पर $नयंŒण करेगा।
10.13 ि लयरंग कॉपरेशन का संपाि›.क; या इसके मान; को संर˜Nत करने, सुर˜Nत रखने, वसूलने या भुनाने का दा$यwव
या िजQमेदार नहं होगी, केवल Eकसी सामाlय या )$त$न7ध के लए लागू मान को छोड़कर और Eकसी भी परि8थ$त
म सद8य oारा सžपा गया या जमा संपाि›.क; या जैसा Eक ऊपर सु8था,पत है, के संबंध म ि लयरंग कॉपरेशन मूय
म होने वाल Eकसी हा$न या ¿ास के लए िजQमेदार नहं होगा।
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10.14 ि लयरंग सद8य जो इन उप-$नयम; और $नयम; के मुताšबक संपाि›.क; को सु8था,पत करता है, वह ि लयरंग
कॉपरेशन को Eकसी भी हा$न, N$त, Fयय, )भार और/या Eकसी भी )कार के खच• और Eकसी 8वीकृत अ भरNक के
लए ि लयरंग कॉपरेशन oारा उwपlन (“हा$न”) या Fयय क1 )$तपू$त. करेगा और हा$न र हत रखेगा जो $नQन लKखत
के परणाम8वOप या इसके संबंध म उwपlन हो सकता है :
10.14.1 ऐसे 8वीकृत अ भरNक (ि लयरंग सद8य या ि लयरंग कॉपरेशन oारा) के पास जमा संपाि›.क; के संबंध
म Eकसी भी काय., ,वलंब या चूक या ;
10.14.2 सद8य या Eकसी भी 8वीकृत अ भरNक या ब#क या Eकसी )8तु$त के बीच के समझौता, Eकसी मनोनीत
अ भरNक ब#क को ि लयरंग सद8य oारा द गई गारंट या आ›ासन, ऐसे 8वीकृत अ भरNक या ब#क के
पास जमा संपाि›.क; के संबंध म, बशतp Eक यह N$तपू$त. ि लयरंग कॉपरेशन या इसके Eकसी $नदेशक,
अ7धकार कम.चार या एजट क1 लापरवाह या इिsछत कदाचार के लए आरो,पत या संद भ.त ि लयरंग
कॉपरेशन क1 Eकसी हा$न और/या देनदर को कवर नहं करता हो।
10.15 )wयेक ि लयरंग सद8य ि लयरंग कॉपरेशन को सभी शुक;, Fयय;, )भार; और ि लयरंग कॉपरेशन oारा संब}
)ा7धकार oारा समय-समय पर $नधा.रत ि लयरंग कॉपरेशन के $नयम; के अंतग.त $नयत संपाि›.क; के 8वीकरण या
रखरखाव के संबंध म Eकए गए खच• का भुगतान करेगा और यह मािज.न (ऐसे 8वOप म जो ि लयरंग कॉपरेशन
oारा 8वीकाय. है) जमा करेगा जैसा Eक संपाि›.क; के बाजार मूय म होने वाले ¿ास के कारण ि लयरंग कॉपरेशन
oारा आव•यक माना जा सकता है।
10.16 इन उप-$नयम; या $नयम; के )ावधान; के मुताšबक ि लयरंग कॉपरेशन को अपने दा$यwव; क1 पू$त. करने म
ि लयरंग सद8य के ,वफल होने या डफॉट होने क1 ि8थ$त म, ि लयरंग कॉपरेशन के पास रखे हुए ि लयरंग
सद8य के संपाि›.क; का नो टस दए šबना या ि लयरंग कॉपरेशन oारा उपयुG माने जाने वाले Eकसी भी तरके से
$नपटारा Eकया जा सकता है और ऐसे संपाि›.क; का सरलकरण से )ाb लाभ; को इ8तेमाल एक या अ7धक ि लयरंग
सेगमट के संबंध म ि लयरंग कॉपरेशन के )$त ि लयरंग सद8य के दा$यwव; के एवज म Eकया जाएगा।
11. िलय%रंग सदयj तथा संघटकj के अ@धकार, कत?Dय व उcतरदा.यcव
11.1 संघटक; के मािज.न
11.1.1
)wयेक ि लयरंग सद8य को अपने संघटन से मांग करने का अ7धकार होगा :
a.
ऐसे संघटन के लए इसके oारा उपv मत šबजनेस के संबंध म इन उप-$नयम; और $नयम; और
,व$नयम; के अंतग.त )दान Eकया जाने वाला मािज.न ;
b.
इसके संघटक क1 ओर से लाइंट क1 देयताओं के $नपटारे से पहले नगद म या नगद के ,वकप के
Oप म शु-आती मािज.न और
c.
यह अनुब} करने के लए Eक संघटक मािज.न का भुगतान करेगा या ऐसे अ$तरG मािज.न को )8तुत
करेगा जैसा Eक समय-समय पर तय Eकया जा सकता है।
11.1.2
संघटक को ि लयरंग सद8य के $नदpश; का पालन करने के बा€य होगा जब उसे ऐसा करने के लए कहा
जाएगा, जैसा Eक इन उप-$नयम;, $नयम; और ,व$नयम; के अंतग.त आव•यक होता है।
11.2 डफॉट वाले संघटक
11.2.1
कोई ि लयरंग सद8य उन संघटक के लए )wयN या अ)wयN Oप से कोई šबजनेस का लेनदेन नहं
करेगा, जो उसक1 जानकार म, दूसरे ि लयरंग सद8य ("vेडटर ि लयरंग सद8य") के लए डफॉट है
य द इस संघटक ने ऐसे संघटक के लए काय. का )8ताव देने वाले ि लयरंग सद8य क1 संतु,ƒ के लए
Fयव8था नहं करता है Eक ऐसा संघटक vेडटर ि लयरंग सद8य के दावे का $नपटारा Eकया या करेगा।
11.2.2
“vेडटर ि लयरंग सद8य” के आवेदन पर, िजसने डफॉिटंग संघटक के दावे के एवज म अपने दावे को
म€य8थ को भेजता है या भेजा है जैसा Eक इन उप-$नयम;, $नयम; और ,व$नयम; म )दान Eकया गया है,
संब} )ा7धकार Eकसी ि लयरंग सद8य को डफॉिटंग संघटक Eकसी रा श या )$तभू$त का भुगतान करने
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या देने से रोकने पर इ•यू जार करेगा, डफॉिटंग संघटक oारा )दान क1 जाने वाल यह रा श डीस के
संबंध म डफॉिटंग संघटक के लए भुगतान यो‡य या दए जाने यो‡य vेडटर ि लयरंग सद8य के दावे
अ7धक नहं होगी जो ि लयरंग कॉपरेशन के उप-$नयम;, $नयम; और ,व$नयम; पर आधारत होगा, रा श
और )$तभू$त ि लयरंग कॉपरेशन के पास जमा होगा।
11.2.3 डफॉट वाले सद8य के लए आरो य कोई भी रा श या संपाि›.क डफॉटस. स म$त के $नदpश के अनुसार,
Eकसी म€य8थता के $नण.य या डफॉट वाले उG सद8य के पN म या उसके Kखलाफ lयायालय क1
कार.वाई के अनुसार या डफॉट सद8य के oारा या इसके Kखलाफ म€य8थता से संबं7धत मामल; पर सेबी के
$नदpश; के मुताšबक जमा Eकए जाएंगे, जैसा Eक इस संबंध म ,व$नयम; या नो टस सकु. लेशन के ज़रए संब}
)ा7धकार oारा समय-समय पर जार Eकया जा सकता है या अ7धसू7चत Eकया जा सकता है।
11.3 संघटक के अकाउंट को बंद करना
11.3.1
य द अlय Oप म, संब} )ा7धकार oारा समय-समय पर $नधा.रत नहं होता है, तो Eकसी संघटक के अकाउंट
को बंद करते समय, ि लयरंग सद8य खुले बाजार म पोिजशन को बंद करता है और इससे होने वाल Eकसी
भी हा$न या उwपlन Fयय का वहन संघटक oारा Eकया जाएगा।
11.4 सौदे के $न±पादन म ,वफल होने पर संघटक oारा बंद Eकया जाना
11.4.1
य द कोई ि लयरंग सद8य उप-$नयम;, $नयम; या ,व$नयम; के )ावधान; के मुताšबक डे लवर या भुगतान
oारा सौदे के $नपटारा $न±पादन पूरा करने म ,वफल होता है, तो संघटक ि लयरंग सद8य को लKखत Oप म
सू7चत करने के बाद, दूसरे ि लयरंग सद8य के साथ एक लाइंट अकाउंट खोलेगा। लाइंट ि लयरंग सद8य
को उस दूसरे ि लयरंग सद8य के लए ऐसे पोिजशन; का ह8तांतरण करने के लए ि लयरंग कॉपरेशन के
पास अनुरोध करने के लए कह सकता है िजसके पास उG संघटक ने नया अकाउंट खोला है। इसके बाद
संघटक, िजतनी जद हो सके अlय ि लयरंग सद8य के ज़रए ऐसे सौदे को बंद कर सकता है। य द बंद
करना यहां वKण.त अनुसार संपlन नहं होता है, तो पN; को हुई हा$न/N$त का $नधा.रण उस आधार पर होगा
जैसा Eक संब} )ा7धकार oारा समय-समय पर $नधा.रत करता है और संघटक और ि लयरंग सद8य एक
दूसरे से Kखलाफ आगे के उपाय के सभी अ7धकार; को ज‰त करेगा। ि लयरंग सद8य अपने एकल
,ववेका7धकार से पोिजशन; के एक से दूसरे ि लयरंग सद8य के लए ह8तांतरण को अ8वीकृत करेगा।
11.5 संघटक क1 ओर से शकायत
11.5.1
जब संघटक oारा संब} )ा7धकार को इस बात क1 शकायत क1 जाती है Eक ि लयरंग सद8य उसके $नदpश;
के मुताšबक $न±पादन करने म ,वफल रहा है, तो संब} )ा7धकार शकायत क1 जांच करेगा और य द वह
इस बात से संतुƒ होता है Eक शकायत उ7चत है, तो वह ि लयरंग सद8य के Kखलाफ ऐसी अनुशासनाwमक
कार.वाई कर सकता है िजसे वह उ7चत समझता है।
11.6 संघटक / ~ेडंग सद8य के मृwयु या उसके दवा लया होने पर बंद करना
11.6.1
ि लयरंग सद8य उस संघटक के अकाउंट पर सभी खुले लेनदेन; को बंद कर सकता है जो मृwयु को )ाb
कर चुका है या ऋणशोधनाNम या दवा लया घो,षत Eकया जा चुका है। ि लयरंग सद8य ऐसे संघटन के
अकाउंट पर सभी खुले लेनदेन; को बंद कर सकता है।
11.7 ि लयरंग सद8य oारा कोष; और )$तभू$तय; का $नग.म
11.7.1
ि लयरंग सद8य कोष; और )$तभू$तय; का भुगतान इस )कार करेगा Eक इस संबंध म सभी )ासं7गत
अपेNाओं का पूण. और समयब} अनुपालन सु$नि°त हो सके जैसा Eक सेबी/ि लयरंग कॉपरेशन oारा
$नधा.रय Eकया जा सकता है।
11.8 बनाई रखी जाने वाल गोपनीयता
11.8.1
ि लयरंग सद8य अपने संघटक; के ,ववरण; को गोपनीय बनाए रखेगा और इसे Eकसी भी FयG/सं8था के
समN जा हर नहं करेगा, केवल कानून के अंतग.त या Eकसी )ा7धकार oारा ज़Oरत पड़ने पर ऐसा Eकया जा
सकता है।
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11.9 ि लयरंग सद8य oारा पोिजशन; का ह8तांतरण
11.9.1
ि लयरंग कॉपरेशन 8वयं )ेरत होकर या $नलंšबत या डफॉटर ि लयरंग सद8य के आवेदन पर या ऐसे
$नयम व शत• पर िजसे ि लयरंग कॉपरेशन ि लयरंग सद8य (उसके अपने अकाउंट पर या उसके संघटक
के अकाउंट पर) या उस अlय ि लयरंग सद8य को ह8तांतरत Eकए जाने वाले संघटन, जो ओपन पोिजशन
को 8वीकार करने के लए सहमत होता है, के सभी या Eकसी पोिजशन को अ7धरो,पत करने अनु मत करने
के लए उ7चत समझता है।
11.10 अलग Eकए गए बकाए
11.10.1 ि लयरंग सद8य, उनके लाइंट और उनके सहयोगी संघटक; (जो संबं7धत ए सचज के सद8य होते ह#)
के अकाउं„स, िजसके लए ि लयरंग सद8य उसी Oप म काम करते ह#, एक दूसरे से अलग ह;गे ;
11.10.2 ि लयरंग सद8य, उनके लाइंट और उनके सहयोगी संघटक; क1 धनरा शयां और डेšबट और vेडट क1
8थायी परसंप,hयां एक दूसरे के vेडट और डेšबट के एवज म समायोिजत नहं ह;गी ;
11.10.3 ि लयरंग सद8य के फंड और परसंप,hयां या इसके लाइंट या संबं7धत संघटक; के फंड और
परसंप,hय; का इ8तेमाल दूसरे के बकाय; के भुगतान के लए नहं Eकया जाएगा;
11.10.4 ि लयरंग सद8य oारा खुद के अकाउंट पर भुगतान यो‡य देयताएं का लाइंट या संबं7धत संघटक के फंड;
/ परसंप,hय; के एवज म भुगतान नहं Eकया जाएगा ;
11.10.5 उपरोG के बावजूद भी, ि लयरंग कॉपरेशन oारा Eकसी ि लयरंग सद8य (अपने अकाउंट पर) के लए
भुगतान यो‡य/)देय कोई भी रा श या परसंप,h का इ8तेमाल ि लयरंग कॉपरेशन oारा रा शय; के
भुगतान के लए/भुगतान यो‡य/)देय परसंप,hय; के लए ि लयरंग सद8य या ि लयरंग कॉपरेशन के
Eकसी संघटक oारा या Eकसी संबं7धत ए सचज के Eकसी ~ेडंग सद8य (िजसके ~ेड के $नपटारे के लए
ि लयरंग सद8य सहमत था) oारा Eकया जा सकता है।
12. डफॉ ट क\ घोषणा
12.1 डफॉट क1 घटना
12.1.1
ि लयरंग सद8य के संबंध म $नQन लKखत Eकसी भी घटनाओं क1 उपि8थ$त म डफॉट क1 घटना शा मल
होगी और संब} )ा7धकार oारा इन उप-$नयम; या और ,व$नयम; और/या ि लयरंग कॉपरेशन के $नयम; के
मुताšबक $नपटा जाएगा :
a.
ि लयरंग सद8य (ि लयरंग सद8य का कोई भी अ7धकार, कम.चार, लाइंट, कॉl~ै टर, एजट) Eकसी
भी समाशोधन खंड के संबंध म िजसम ि लयरंग सद8य दाKखल हुआ होता है उलंघन म होता है या
इन उप-$नयम;, ,व$नयम; और $नयम; के अनुसार उलंघन माना जाता है ;
b.
ि लयरंग सद8य इन उप-$नयम;, $नयम; और ,व$नयम; के अतग.त या इसके अनुसार या समय-समय
पर संब} )ा7धकार oारा जार सकु. लर के मुताšबक अपे˜Nत भुगतान करने म ,वफल होता है। भुगतान;
म šबना Eकसी सीमा के कोई भी भुगतान जो ि लयरंग सद8य के ऐसे Eकसी भी समाशोधन खंड के
संबंध म भुगतान यो‡य देयताओं के एवज म हो सकता है िजसके लए इसे दाKखल Eकया गया है,
फ1ज, लेनदेन शुक, जुमा.ना या Eकसी भी समाशोधन खंड; से संबं7धत समाशोधन और $नपटान दा$यwव
शा मल ह;गे िजसम )$तभू$त, )$तभू$त जमा, मािज.न, दै$नक $नपटान रा श, अं$तम $नपटान रा श,
$नपटान गारंट कोष म योगदान से संबं7धत अंत$न. हत रा श, या ि लयरंग कॉपरेशन, सेबी या Eकसी
अlय वैधा$नक एजसी का कोई अlय बकाया शा मल हो सकता है ;
c.
ि लयरंग सद8य संब} )ा7धकार oारा $नधा.रत समय और 8थान पर अंत$न. हत संप,h क1 माlय
आपू$त. म ,वफल होता है या )देय अनुबंध से संबं7धत अंत$न. हत परसंप,h क1 सुपुद.गी करता है, या
ि लयरंग कॉपरेशन के उन समाशोधन खंड के संबंध म इसके समाशोधन और $नपटान देयताओं क1
संतु,ƒ के उ•े•य से )दान करता है िजसके लए ि लयरंग सद8य दाKखल होता है ;
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d.
ि लयरंग सद8य यहां बने इन उप-$नयम; और ,व$नयम; और ि लयरंग कॉपरेशन के $नयम; के
अंतग.त अlय देयताओं पर डफॉट होता है जो, य द उपचारत होने के लए सNम नहं होता है, ऐसे
परशोधन के लए संब} )ा7धकार oारा $नधा.रत समय सीमा के अंदर संब} )ा7धकार क1 संतु,ƒ के
लए उपचारत नहं होता है;
e.
ि लयरंग सद8य Eकसी म€य8थता कार.वाइय; या इन उप $नयम;, ,व$नयम; और $नयम; के अंतग.त
तय $नण.य का पालन करने म ,वफल होता है;
f.
ि लयरंग सद8य अपनी सद8यता वचन को ि लयरंग कॉपरेशन को देने म उलंघन करता है;
g.
Eकसी भी lयाया7धकार म एक आवेदन फाइल Eकया जाता है, या ि लयरंग सद8य के बंद होने,
,वलयन, दवा लयापन, )बंधन या Fयव8थापन के लए दया गया आदेश या इसी तरह क1 घटनाएं या
असाइनमट या कQपोिजशन के आदेश ि लयरंग सद8य oारा अपने vेडटर/vेडटस. के लाभ के लए
दया जाता है;
h.
ि लयरंग सद8य oारा अपनी सद8यता आवेदन म दया गया या सžपी गई कोई )8तु$त, आ›ासन या
द8तावेज़ के बारे म ि लयरंग सद8य को पता था Eक वे गलत थे या झूठे थे या Eकसी आ7थ.क संबंध
म झूठे बन गए ह#;
i.
ि लयरंग सद8य का इसका कोई भी )धान अ7धकार, कम.चार, कॉl~ै टर, एजट, )$त$न7ध या
लाइंट, इसके šबजनेस या कारबार; को संचा लत करने वाले )योœय $नयम या ,व$नयम के उलंघन
क1 ि8थ$त म है;
j.
ि लयरंग सद8य या इसका कोई भी कम.चार या एजट पर भारत के अंदर या बाहर धोखाधड़ी या
बेइमानी म शा मल अपराध के संबंध म Eकसी कोट. म आरोप लगाया जाता है;
k.
ि लयरंग सद8य का इसका कोई )मुख अ7धकार या एजट दवा लया है या दवा लयापन होने क1
दशा म है या उसके Kखलाफ बंद क1 जाती है;
l.
a ऐसी ह कोई समान घटना िजससे ि लयरंग सद8य (ऋण; के भुगतान इसक1 Nमता जब भी ऋण;
को दया जाना होता है) का šबजनेस और ,वhीय ि8थ$त और ि लयरंग कॉपरेशन के साथ इसके
मामले )भा,वत ह;गे, या
m. कोई अlय घटना जो, संब} )ा7धकार के ,वचार म, ि लयरंग सद8य को इन उप-$नयम;, ,व$नयम; और
$नयम; के अंतग.त इसक1 देयताओं को पूरा करने क1 ि8थ$त को महwवपूण. ढंग से )भा,वत करता है।
12.2 सू7चत करने क1 िजQमेदार
12.2.1
Eकसी ि लयरंग सद8य oारा उसक1 देयताओं को पूण. Oप से अदा करने म ,वफल होने क1 संभावना के बारे
म ि लयरंग सद8य ि लयरंग कॉपरेशन को तुरंत सू7चत करने के लए बा€य होगा।
12.3 डफॉट और अ7धसूचना क1 घोषणा
12.3.1
संब} )ा7धकार, अपने ,ववेका7धकार से, यह तय करेगा Eक डफॉट क1 घटना को डफॉट क1 घोषणा माना
जाए या नहं और ऐसे डफॉट क1 घोषणा के लए $त7थ और समय का $नधा.रण करेगा;
12.3.2
संब} )ा7धकार डफॉट सद8य और अlय सद8य; डफॉट क1 घोषणा और इसक1 )भावी $त7थ और समय
के बारे म को लKखत Oप म अ7धसू7चत करेगा।
12.3.3
एक या अ7धक समाशोधन खंड; के संबंध म डफॉट क1 घटना के कारण से ि लयरंग सद8य क1 डफॉट
क1 घोषणा का एक डफॉटर के Oप म खुद ि लयरंग सद8य इकाई क1 घोषणा का )भाव होगा चाहे
ि लयरंग सद8य अlय समाशोधन खंड; म इसक1 सभी देनदारय; को पूरा कर रहा है या कर चुका है।
12.3.4
Eकसी ि लयरंग सद8य के ि लयरंग कॉपरेशन के एक या अ7धक समाशोधन खंड; म अपने परचालन के
संबंध म डफॉटर घो,षत होने क1 ि8थ$त म, संब} )ा7धकार तुरंत इसक1 जानकार संबं7धत ए सचज तथा
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[PART IV
अlय ए सचज, भारतीय ि लयरंग कॉपरेशन और सेबी को देगा ताEक वे बाजार क1 सम…ता को सुर˜Nत
रखने हेतु कदम उठाने म वे सNम हो सक और संबं7धत ए सचज के ~ेडंग सद8य के लाइंट; को सNम
बनाया जा सके और ऐसे ि लयरंग सद8य के संबं7धत संघटक; को संबं7धत ए सचज पर उनक1 डी लंग को
जार रखने के लए अlय ि लयरंग सद8य; के साथ अलाइ$नंग और संब} Eकया जा सके।
12.4 ि लयरंग कॉपरेशन के अ7धकार
12.4.1
डफॉट क1 घटना क1 उपि8थ$त से ि लयरंग सद8य के Kखलाफ ि लयरंग कॉपरेशन क1 कार.वाई के
अ7धकार को, Eकसी दूसर घटना के संबंध म इसके Eकसी भी या सभी शGय; (उ7चत माने जाने के
मुताšबक) को )$तबं7धत नहं करेगा चाहे इसम डफॉट क1 घटना (चाहे अlय घटना डफॉट क1 घटना के
साथ हो, इसके बाद हो इससे पहले हुई हो) शा मल हो या नहं।
12.4.2
डफॉट क1 घोषणा के बाद, संब} )ा7धकार ऐसे कदम उठा सकता है िजसे वह उ7चत समझता हो, िजसम
समाशोधन खंड; के अनुसार डफॉटर के अकाउंट को ³1ज करना और सभी समाशोधन खंड; के संबंध म
ि लयरंग कॉपरेशन के पास डफॉटर के अकाउंट के vेडट के )$त 8थायी Eकसी या सभी संपाि›.क को
बेचना शा मल हो सकता है लेEकन इlहं तक सी मत नहं है। आगे होने वाले क1 सामाlयता क1 पूव.धारणा
के šबना, संब} )ा7धकरण ऐसे सभी समाशोधन के संबंध म कोई भी कार.वाई कर सकता है, जैसे उसे उ7चत
लगता है, िजसके अंतग.त डफॉटर Eकसी ि लयरंग कॉपरेशन का ि लयरंग सद8य है, िजसम šबना Eकसी
सीमा के $नQन लKखत शा मल हो सकता है:
a.
डफॉटर के सभी या Eकसी भी ओपन पोिजशन को बंद करना िजसम इसके लाइंट और/या संब}
संघटक के ओपन पोिजशन शा मल को शा मल करते हुए, और Eकसी अ7धशेष पर क‰जा करना;
b.
डफॉटर oारा मािज.न, )$तभू$त जमा या अlय Oप म जमा Eकसी संपाि›.क को बेचना, )ाb करना,
उपयोग करना और मुआवजा देना और नो टस दए šबना या डफॉटर क1 सहम$त lयायालय का
आदेश हा सल Eकए šबना, अपने खुद के नाम पर Eकसी भी द8तावेज़ को जार करने के पूण. अ7धकार
के साथ या उस उ•े•य के साथ डफॉटर के लए अटन¢ के Oप म आमदनी का इ8तेमाल करना, बशतp
Eक Eकसी लाइंट या संब} संघटक अकाउंट के लए $नयुG ओपन पोिजशन के संबंध म ि लयरंग
कॉपरेशन के पास जमा कोई संपाि›.क का इ8तेमाल केवल लाइंट या संब} संघटक अकाउंट म
देयताओं क1 पू$त. क1 जा सकती है और 8वा मwव अकाउंट म Eकसी देयताओं क1 पू$त. के लए
इ8तेमाल नहं Eकया जाएगा;
c.
डफॉटर ि लयरंग सद8य के Eकसी लाइंट अथवा संब} संघटन पर Eकसी कमी के लए डफॉटर
ि लयरंग सद8य के समाशोध एवं $नपटान अकाउंट म अ7धशेष लागू करना;
d.
डफॉटर के संघटक के सभी या Eकसी ओपन पोिजशन को Eकसी मािज.न के साथ दूसरे ि लयरंग
सद8य को ह8तांतरण करना, जो ि लयरंग कॉपरेशन के ,वचार से ऐसे ओपन पोिजशन के संबंध म
इसके oारा )$तधारत Eकया जाता है;
e.
डफॉटर के Eकसी ऑ शन कॉl~ै ट का उपयोग या परwयाग करना या ि लयरंग सद8य oारा ऐसे
इ8तेमाल या परwयाग को )भा,वत समझा जाएगा जो ऑ शंस कॉl~ै ट का भाग होता है, डफॉटर के
$नपटान देयताओं के $न8पादन के लए इसके अकाउंट दे भुगतान करने के लए या डे लवर करने के
लए;
f.
ए सचज पर या Eकसी उपल‰ध •यूचस., वायद;, नगद या हािजर बाजार पर ~ेडंग oारा डफॉटर के
खुले पोिजशन को बंद करना या संब} )ा7धकार oारा $नधा.रत मूय पर नगद $नपटारे क1 ,व7ध से
ओपन पोिजशन को अ$नवाय. Oप से बंद करना;
g.
अlय सभी ऐसे आव•यक काय. या चीज करना जो संब} )ा7धकार के ,वचार म डफॉटर के या अlय
Oप से म ओपन पोिजशन के अंतग.त ि लयरंग कॉपरेशन के ए सपोजर या डफॉट क1 घोषणा के
परणाम8वOप उwपlन ए सपोजर को कम करने का $नयत करने के लए आव•यक है, या
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h.
ऐसे उपाय करना िजसम डफॉट क1 घोषना क1 ि8थ$त म पोिजशन को बंद करना, वैकिपक डे लवर
)Evया को )भावी बनाना शा मल है Eकंतु इlहं तक सी मत नहं, ताEक समाशोधन एवं $नपटान
)णाल क1 ,वhीय सुरNा और सम…ता सु$नि°त क1 जा सके।नॉन-डफॉिटंग ि लयरंग सद8य संब}
)ा7धकार के $नण.य को 8वीकार करेगा और इस संबंध म जार $नदpश; का पालन करेगा।
i.
जब Eकसी ि लयरंग सद8य को चूककता. घो,षत कर दया जाता है तो ऐसी दशा म सNम )ा7धकार
उसके Fयवसाय क1 ि8थ$त क1 समीNा करने के लए उसके खाता बह, )लेख;, कागजात और वाउचर
को अपने क‰जे म ले लेगा और चूककता. सद8य उG सNम )ा7धकार को खाता बह, )लेख;, कागजात
और वाउचर को )दान कर देगा।
j.
सNम )ा7धकार, चूककता. ि लयरंग सद8य से यह अपेNा करेगा Eक चूककता. ि लयरंग सद8य,
सNम )ा7धकार oारा $नधा.रत समय सीमा के अंदर, लKखत ,ववरण के मा€यम से यह घो,षत करे
और इस आशय क1 सूची )8तुत करे Eक Eकन Eकन का उधार उस पर बाक1 है और Eकन Eकन को
उसने उधार दया है और उसके पास वत.मान समय म धारत $न7ध Eकतनी है।
k.
ि लयरंग कॉपरेशन एक सूचना )का शत करेगा िजसके मा€यम से सभी कानूनी दावेदार; को यह
बताने के लए आमंšŒत Eकया जाएगा Eक चूककता. सद8य पर उनके बकाए क1 ि8थ$त या है और वे
उस रा श के लए चूककता. सद8य के ,व-} 90 दन; क1 अव7ध म या सNम )ा7धकार oारा $नधा.रत
अव7ध के अंतग.त अपना दावा )8तुत कर।
l.
ि लयरंग कॉपरेशन oारा Eकसी ) स} और Fयापक Oप से पढे जाने वाले अं…ेज़ी अखबार के सभी
सं8करण; म तथा NेŒीय भाषा के Eकसी ) स} और Fयापक Oप से पढ़े जाने वाले अखबार के उन
सं8करण; म जहां चूककता. सद8य क1 सEvयता रह हो, इस आशय क1 सूचना )का शत क1 जाएगी
और यह सूचना ए सचज; क1 वेब साइट पर भी $नधा.रत अव7ध तक )द श.त क1 जाएगी।.
m. िजस सूचना से दाव; को आमंšŒत Eकया जाएगा उसम वह दावा भी होना चा हए जो सबसे बड़ी रा श का
हो तथा इसके अ$तरG सभी )ासं7गक सूचनाएँ होनी चा हए।
n.
चूककता. सद8य, सNम )ा7धकार oारा मांगे जाने पर अपना लेखा-खाता ,ववरण, अपनी ग$त,व7धय; के
,वषय म सूचना और अlय सूचनाएँ सNम )ा7धकार को समय-समय पर )8तुत करेगा और य द
आव•यकता हुई तो बुलाए जाने पर वह, उG चूक के संबंध म वह सNम )ा7धकार oारा बुलाई गई
बैठक; म भी उपि8थत होगा,
o.
सNम )ा7धकार, चूककता. सद8य के बाज़ार संबंधी बह खात; और लेन देन; म गहन जांच का आदेश
दे सकता है और य द इस जांच से कुछ भी असंगत, Fयवसाय ,व-} या अशोभनीय )कट होता है तो
उस सूचना क1 वह रपोट. करेगा। .
p.
चूककता. क1 घोषणा के बाद, सNम )ा7धकार oारा $नधा.रत समय सीमा के अंतग.त चूककता. को देय,
भुगतान Eकया जाने वाला या सुपुद. Eकया जाने वाला धन, )$तभू$त तथा अlय आि8तयां, सNम
)ा7धकार के पास जमा क1 जाएंगी
q.
Eकसी सद8य के चूककता. घो,षत Eकए जाने के बाद य द Eकसी ि लयरंग सद8य ने उससे कुछ
“डफ़ेरेlस” या Eकसी सौदे के संबंध म कोई रा श )ाb Eकया है तो )ाb करने वाला सद8य उस रा श या
“डफ़ेरेlस” को, ऋण देने वाले सद8य; के लाभ तथा उनके पN म संबिlधत सNम )ा7धकार को वापस
कर देगा। य द Eकसी ि लयरंग सद8य ने उG $नपटान $त7थ के पूव. “डफ़ेरेlस” या Eकसी सौदे के
संबंध म कोई रा श का भुगतान Eकया है तो वह ऋण देने वाले सद8य; के लाभ तथा उनके पN म
संबिlधत सNम )ा7धकार को पुन: उसका भुगतान करेगा।
r.
सNम )ा7धकार, ऋणदाता सद8य; क1 जोKखम और उनक1 लागत पर चूककता. सद8य से वसूल गई
सभी आि8तय; को Eकसी ब#क म और या संबिlधत खंड (सेजमट) म सNम )ा7धकार oारा समय समय
पर $नदे शत Eकए गए नाम से रखेगा और इनका ,वतरण $नयम, ,व$नयम और उप $नयम; के अनुसार
करेगा।
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THE GAZETTE OF INDIA, JUNE 17, 2017 (JYAISTHA 27, 1939)
[PART IV
s.
चूककता. क1 घोषणा के बाद, सNम )ा7धकार oारा $नधा.रत समयाव7ध के अंतग.त, चूककता. सद8य के
खंड से संबिlधत खंड म काम करने वाले सद8य; को सNम )ा7धकार oारा यह $नदेश दया जा सकता
है Eक वे या तो सNम )ा7धकार के पास उपल‰ध चूककता. अ भलेख से अपने अ भलेख; का $नयम,
,व$नयम और उप$नयम म द गई Fयव8था के अनुसार मलान या समायोजन कर ले या सNम
)ा7धकार के 8तर से उपल‰ध कराए गए फोरम पर यथेƒ घोषणा )8तुत कर या इस आशय का )माण
पŒ )8तुत कर Eक उनके पास ऐसा कोई खाता नहं है।
t.
य द कोई ि लयरंग सद8य, सNम )ा7धकार oारा $नधा.रत समय सीमा म, चूककता. के खाते के साथ
अपने खात; का तुलनाwमक मलान नहं करता है या कोई ,ववरण नहं भेजता है या $न द.ƒ )माण पŒ
नहं )8तुत करता है उसे अगल $नधा.रत समय अव7ध के भीतर उG का अनुपालन करने के लए कहा
जाएगा।
u.
जो ि लयरंग सद8य $नधा.रत समय सीमा म, चूककता. के खाते के साथ अपने खात; का तुलनाwमक
मलान नहं करता है या कोई ,ववरण नहं भेजता है या $न द.ƒ )माण पŒ नह )8तुत करता है; उसके
,व-} सNम )ा7धकार oारा उ7चत कार.वाई क1 जाएगी िजसके तहत फ़ाइन लगाना और $नलंबन आ द
शा मल है।
v.
सNम )ा7धकार को य द ऐसा )कट होता है Eक Eकसी ि लयरंग सद8य oारा चूककता. के खाते से
संबिlधत तुलनाwमक मलान, ,ववरण या $न द.ƒ )माण पŒ असwय है या Ãामक है तो सNम
)ा7धकार oारा उ7चत कार.वाई क1 जाएगी िजसके तहत फ़ाइन लगाना और $नलंबन आ द शा मल है।.
w. सNम )ा7धकार, चूककता. को भुगतान Eकए जाने वाल सभी रा शय;, )$तभू$तय; और अlय आि8तय;
का एक अलग खाता रखेगा जो उसे )ाb ह;गी और इस खाते से, इन आि8तय; क1 वसूल पर होने वाले
Fयय या चूक से संबिlधत काय.वा हय;, सभी लागत;, )भार; और Fयय; का भुगतान करेगा।
12.4.3
ि लयरंग कॉपरेशन के $नयम;, ,व$नयम; और उप $नयम; oारा सं8तुत उपरोG सभी लागत;, )भार; और
Fयय; का भुगतान करने के बाद, सNम अ7धकार के पास जो रा श बचेगी उसका ,वतरण $नQन )ाथ मकता
के आधार पर सु$नि°त करेगा:
a.
भारतीय )$तभू$त और ,व$नमय बोड., ि लयरंग कॉपरेशन और संबिlधत ए सचज; क1 बकाया रा शयाँ।
ऐसे चंद;, ऋण;, दंडाwमक शुक;, फ1स, )भार और रा शयाँ जो ि लयरंग कॉपरेशन, संबिlधत और
)ासं7गक $न द.ƒ ए सचज;, भारतीय )$तभू$त और ,व$नमय बोड. को समानुपा$तक आधार पर भुगतान
Eकया जाएगा,
b.
चूककता. के घटक; को द जाने वाल बकाया रा शयाँ
ि लयरंग कॉपरेशन के $नयम;, ,व$नयम; और उप $नयम; oारा सं8तुत $नयम; के अधीन, सNम
)ा7धकार oारा 8वीकाय., चूककता. के घटक; के उन ऋण;, देयताओं, दा$यwव; और दाव; का भुगतान
िजlहे चूककता. oारा Eकए गए अनुबंध के अनुसार दया जाना है। इस )संग म उलेखनीय है Eक य द
उपल‰ध रा श अपया.b है तो रा श का ,वतरण चूककता. के ,व भlन घटक; म समानुपा$तक आधार पर
Eकया जाएगा।
c.
अनुमो दत ब#क; को द जाने वाल बकाया रा शयाँ और सNम अ7धकार oारा अनुमो दत अlय लोग; को
द जाने वाल बकाया रा शयाँ
उपरोG (बी) के तहत वKण.त मद का भुगतान करने के बाद, य द कोई रा श बचती है तो उसका उपयोग
अनुमो दत ब#क; को द जाने वाल बकाया रा शय; और सNम अ7धकार oारा अनुमो दत अlय लोग; को
द जाने वाल बकाया रा शय; के भुगतान के लए Eकया जाएगा। अनुमो दत ब#क; को द जाने वाल
बकाया रा शय; से संबिlधत दावा इस लए उठ सकता है Eक संबिlधत ब#क oारा ि लयरंग कॉपरेशन
या $न द.ƒ ए सचज को )दान क1 गयी ब#क गारंट को चूककता. सद8य क1 ओर से अपनी देयता को
पूरा करने के लए उG ब#क oारा द गई ब#क गारंट का )योग Eकया होगा, िजसके मा€यम से
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THE GAZETTE OF INDIA, JUNE 17, 2017 (JYAISTHA 27, 1939)
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ि लयरंग कॉपरेशन या $न द.ƒ ए सचज के उप $नयम;, $नयम; और ,व$नयम; के अनुसार, दा$यwव;
को पूरा करने के लए )दान Eकया गया होगा। अlय FयGय; से संबिlधत दावा ि लयरंग कॉपरेशन
पर Eकसी समायोजन या समाधान के संदभ. म उठ सकता है या ि लयरंग कॉपरेशन क1 Eकसी अपेNा
के कारण उठ सकता है। इस संबंध म यह Fयव8था क1 जानी चा हए Eक य द उपल‰ध रा श अपया.b है
तो उसका ,वभाजन समानुपा$तक आधार पर Eकया जाएगा।
d.
Eकसी अlय माlयता )ाb 8टॉक ए सचज/ ि लयरंग कॉपरेशन के बकाया रा शयाँ
उपरोG (सी) के तहत वKण.त मद का भुगतान करने के बाद, य द कोई रा श बचती है तो उसका
उपयोग Eकसी अlय माlयता )ाb 8टॉक ए सचज/ि लयरंग कॉपरेशन म चूककता. सद8य क1
सद8यता क1 मद म बकाया रा शय; के भुगतान के लए Eकया जाएगा। य द चूककता. सद8य एक से
अ7धक ए सचज/ि लयरंग कॉपरेशन का सद8य रहा है तो बची हुई रा श को ऐसे सभी 8टॉक
ए सचज/ि लयरंग कॉपरेशन के बीच Eकया जाएगा। इस संबंध म यह Fयव8था क1 जानी चा हए Eक
य द उपल‰ध रा श अपया.b है तो उसका ,वभाजन सभी 8टॉक ए सचज/ि लयरंग कॉपरेशन के बीच
समानुपा$तक आधार पर Eकया जाएगा। और
e.
अ7धशेष/सर लस
य द उपरोG दाव; को पूरा करने के बाद, कोई रा श अ7धशेष/सर लस बच जाती है तो बची हुई रा श का
भुगतान ि लयरंग सद8य को लया जा सकता है। य द ि लयरंग सद8य क1 मृwयु हो गई हो तो उG
रा श का भुगतान ि लयरंग सद8य के कानूनी वारस;/कानूनी )$त$न7धय; को Eकया जाएगा।
12.4.4
सNम )ा7धकार, चूककता. सद8य के ,व-} $नQन दाव; को नहं 8वीकार करेगा:
a.
ऐसे सौदे जो ऐसी )$तभू$तय; के अनुबंध के कारण )कट हुए ह# जो उप $नयम;, $नयम;, और ,व$नयम;
का अनुपालन करके नहं Eकए गए ह# या िजसम सद8य oारा भुगतान नहं Eकया गया है या चूककता.
के साथ मल भगत करके मािज.न रा श को बचाने के लए Eकया गया हो;
b.
ऐसे अनुबंध िजनके संबंध म लेख; और खात; का उप $नयम;, $नयम;, और ,व$नयम; का अनुपालन
करते हुए, तुलनाwमक आधार पर मलान नहं Eकया गया है या तुलनाwमक आधार पर मलान नहं
Eकया गया है या उप $नयम;, $नयम;, और ,व$नयम; का अनुपालन करते हुए सं,वदा नोट नहं )8तुत
Eकया गया हो;
c.
जब Eकसी दावे के $नपटान के लए वैध धन का पूरा भुगतान करके िजस दन ऐसे दावे देय होते ह#
उस दन अपे˜Nत रा श का भुगतान;
d.
जो )$तभू$त या šबना )$तभू$त के Eकसी ऋण से संबिlधत हो।
e.
सद8य को चूककता. घो,षत Eकए जाने के बाद, सNम अ7धकार oारा दाव; को फ़ाइल करने के लए
$नधा.रत क1 गई समय सीमा के अंदर जो दावे नहं )8तुत Eकए गए ह#।
12.4.5
चूककता. सद8य से अपना दया हुआ ऋण )ाb करने वाला कोई भी ि लयरंग सद8य सNम )ा7धकार के
अनुमोदन के šबना चूककता. सद8य क1 संप,h को न तो बेचेगा, न उस पर वारस बनेगा और न ह उसे
7गरवी रखेगा।
12.4.6
सNम )ा7धकार को यह अ7धकार होगा Eक वह चूककता. सद8य पर बकाया रा श क1 वसूल के लए (क)
वह ि लयरंग कॉपरेशन के नाम से या चूककता. के नाम से या Eकसी अlय FयG के नाम से Eकसी भी
,व7ध सQमत lयायालय म जाए; (ख) ि लयरंग कॉपरेशन के नाम से या ऋणदाताओं (जो चूककता. के
इस लए ऋणदाता हो गए ह# य;Eक उlहोने ि लयरंग कॉपरेशन के $नयम;, उप $नयम; और ,व$नयम; के
अनुसार चूककता. सद8य के साथ सौदे Eकए ह#) के नाम से या Eकसी अlय FयG के नाम से Eकसी भी ,व7ध
सQमत lयायालय म चूककता. पर बकाया रा श क1 वसूल के लए जाए। ऐसी काय.वा हय; म यह माना
जाएगा Eक चूककता. सद8य तथा चूककता. सद8य से बकाया रा श )ा य करने वाले ऋणदाताओं ने ि लयरंग
कॉपरेशन को अपना “एटॉन¢” $नयुG Eकया है।
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THE GAZETTE OF INDIA, JUNE 17, 2017 (JYAISTHA 27, 1939)
[PART IV
12.5 डफॉटर ि लयरंग सद8य से आगे क1 रकवर
12.5.1
ऐसी कोई रा श िजसे ि लयरंग कॉपरेशन डफॉटर ि लयरंग सद8य से बाद म वसूलता है, ऐसी रकवर
क1 सीमा तक, ि लयरंग कॉपरेशन क1 हा$न को कम करेगा।
13. कोर सेटलमट गारंट फंड
13.1 सेटलमट गारंट फंड क\ थापना
ि लयरंग कॉपरेशन सेबी के $नदेश के अनुसार, )wयेक समाशोधन खंड के लए िजसका यह परचालन करता है, एक
सेटलमट गारंट फंड का गठन करेगा और उसे सुचाO रखेगा।
13.2 सेटलमट गारंट फंड िजसे कोर एसजीएफ कहा जाता है क1 8थापना ि लयरंग कॉपरेशन oारा )wयेक समाशोधन खंड
के लए Eकया जाएगा िजसका यह परचालन करता है, ताEक जुड़े ए सचज के संगत समाशोधन खंड म $न±पा दत
Fयापार; के समाशोधन क1 गारंट द जा सके।
13.2.1
“कोर सेटलमट गारंट फंड” का उपयोग ि लयरंग कॉपरेशन oारा सेबी के मा€यम से समय समय पर जार
अनुदेश; के अनुसार Eकया जाएगा।
13.2.2
कोर सेटलमट गारंट फंड एक lयूनतम मूल धनरा श होगी िजसे कोर एसजीएफ (एमआरसी) के lयूनतम
आव•यक रा श माना जाएगा। कोर सेटलमट गारंट फंड क1 मूल धनरा श क1 माŒा और सीमा के $नधा.रण
म संब} )ा7धकार $नQन लKखत को सु$नि°त करेगा:
a.
कोर सेटलमट गारंट फंड क1 मूल धनरा श इतनी पया.b होगी िजससे Eकसी ि लयरंग सद8य oारा
अपनी देयताओं को पूरा करने म ,वफल होने के परणाम8वOप उwपlन सभी आकि8मक Fयय; का
वहन Eकया जा सके।
b.
फंड का जोKखम या इसक1 िजQमेदार ,व भlन कारक; से संब} है या इन पर $नभ.र करती है, जैसे
Fयापार क1 माŒा, आपू$त. )$तशत, ि लयरंग सद8य; क1 lयूनतम समाशोधन देनदार, डफॉ„स का
पूव. ,ववरण, ि लयरंग सद8य क1 पूंजी पया.bता, ,वशेष समाशोधन खंड के संदभ. म संबं7धत ि लयरंग
कॉपरेशन या ए सचज oारा $नयुG सुरNा उपाय का 8तर;
c.
कोर एसजीएफ क1 मूल धनरा श क1 उ7चत माŒा के मूयांकन के लए $नQन लKखत हेतु अlय के
साथ-साथ उ7चत )$तफल तैयार Eकया जाएगा:
i.
)wयेक समाशोधन खंड के संबंध म ि लयरंग कॉपरेशन पर लागू जोKखम )बंधन;
ii.
ि लयरंग कॉपरेशन oारा गारंट आधार पर समाशो7धत या $नपटान Eकए जाने वाले वत.मान और
पूवा.नुमा$नत माŒा/टन.ओवर;
iii.
ि लयरंग सद8य के डफॉ„स के समाशोधन खंड अनुसार ~ैक रकॉड. (डफॉट क1 सं”या,
डफॉट म रा श)
13.2.3
)wयेक समाशोधन खंड के लए कोर एसजीएफ (एमआरसी) का lयूनतम आव•यक मूल धनरा श क1 गणना
संब} )ा7धकार oारा अलग से Eकया जाएगा और सेबी के $नQन लKखत $नदpश; पर आधारत होगा और सेबी
oारा समय-समय पर संशोधन पर $नभ.र करेगा:
a.
एमआरसी एक कैलडर महने के लए $नधा.रत होगा।
b.
)wयेक ,पछले महने के 15 तारख तक, ,पछले महने के दै$नक 8~ेस टे8ट के परणाम के आधार पर
)wयेक समाशोधन खंड के लए संब} )ा7धकार अगले महने के लए एमआरसी क1 समीNा और
$नधा.रण करेगा।
c.
संब} )ा7धकार )wयेक महने के 15 तारख तक पया.bता या ,व भlन अंशदाताओं oारा Eकए गए अlय
Oप के अंशदान; और Eकसी अlय अंशदाताओं oारा कोर एसजीएफ को अगले महने के लए आव•यक
Oप से Eकए जाने वाले अंशदान; (उपबंध 13.2.4 के अनुसार) क1 समीNा करेगा।
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d.
,पछले महने के )wयेक दन के लए, संब} )ा7धकार oारा संचा लत vेडट जोKखम के ,व भlन 8~ेस
टे8ट oारा Eकसी अ)$तभू$त र हत सं”याओं का आकलन Eकया जाएगा और इसक1 उsचतम सं”या को
दन क1 सबसे बुर ि8थ$त हा$न सं”या माना जाएगा।
e.
ऊपरोG (d) म $नधा.रत सभी दै$नक बुर ि8थ$त हा$न सं”या के औसत क1 गणना क1 जाएगी।
f.
)wयेक आगामी महने का एमआरसी ,पछल समीNा के अनुसार उपरोG चरण (e) म )ाb और
समाशोधन खंड एमआरसी औसत से ऊंचा होगा।
13.2.4
कोर एसजीएफ के लए योगदान:
13.2.4.1 संब} )ा7धकार इस बात को सु$नि°त करेगा Eक समय के Eकसी šबंदु पर, ,व भlन अंशदाताओं के
Eकसी भी खंड के कोर एसजीएफ को Eकए गए अंशदान $नQन लKखत ह;गे:
a.
ि लयरंग कॉपरेशन oारा योगदान :कोर एसजीएफ के )$त ि लयरंग कॉपरेशन का अंशदान
कम से कम एमआरसी का 50% होगा, िजसे इसके अपने फंड से Eकया जाएगा।
b.
संबं7धत ए सचज क1 ओर से अंशदान: )wयेक संबं7धत ए सचज कोर एसजीएफ को )wयेक
समाशोधन खंड के एमआरसी का कम से कम 25% का अंशदान देगा;
c.
ि लयरंग सद8य का )ाथ मक अंशदान: जहां संब} )ा7धकार $नधा.रण करता है, यह
$नQन लKखत शत• के आधार पर कोर एसजीएफ के लए संब} समाशोधन खंड (अ भरNक
समाशोधन सद8य स हत) के ि लयरंग सद8य (सीएम) क1 ओर से जोKखम आधारत
अंशदान क1 मांग कर सकता है:
i.
Eक ि लयरंग सद8य क1 ओर से कुल अंशदान एमआरसी के 25% से अ7धक नहं
होना चा हए;
ii.
Eक कोई भी ऐ सपोजर कोर एसजीएफ के लए ि लयरंग सद8य के अंशदान के
लए उपल‰ध नहं होगा (ए सपोजर-³1 संपाि›.क, ि लयरंग कॉपरेशन के पास
ि लयरंग सद8य का य द कोई है, तो उसे ऐसे ि लयरंग सद8य का कोर
एसजीएफ के एवज म अंशदान माना जा सकता है), और
iii.
Eक एकल ि लयरंग सद8य; के आव•यक अंशदान उन जोKखम पर यथानुपात
आधार पर ह;गे िजसे वे स8टम पर लाते ह#।
iv.
संब} )ा7धकार के पास इस बात का लचीलापन होगा Eक वह कोर गारंट फंड के
लए ि लयरंग सद8य के )ाथ मक अंशदान को या तो )ारं भक Oप से या एक
समय अव7ध तक vमब} तरके से वसूल सकता है। vमब} अंशदान क1 ि8थ$त
म, शेष रा श का भुगतान ि लयरंग कॉपरेशन oारा Eकया जाएगा ताEक हर समय
कुल कोर एसजीएफ मूल धनरा श क1 पया.bता सु$नि°त हो सके। ि लयरंग
कॉपरेशन oारा Eकया जाने वाला ऐसा अंशदान, ि लयरंग सद8य क1 ओर से Eकए
गए आगे के अंशदान; के )ाb होने के आधार पर ि लयरंग कॉपरेशन oारा $नकासी
के लए उपल‰ध होगा।
ि लयरंग कॉपरेशन, संबं7धत ए सचज और ि लयरंग सद8य; oारा Eकए जाने वाले अंशदान
क1 उपरोG माŒा या सीमा क1 समीNा संब} )ा7धकार oारा बाजार क1 Fयाb ि8थ$तय; और/या
सेबी क1 ओर से )ाb $नदpश; पर ,वचार करते हुए क1 जा सकती है।
d.
ि लयरंग कॉपरेशन oारा लगाया गया और वसूला गया अथ.दंड (एसईसीसी के ,व$नयम 34
के अनुसार), संबं7धत समाशोधन खंड के कोर एसजीएफ मूल धनरा श म जमा Eकया जाएगा।
e.
कोर एसजीएफ को दए गए नगद अंशदान पर उwपlन ‰याज भी संबं7धत समाशोधन खंड के
कोर एसजीएफ को )ाb होगा और अंशदाता को उनके नगद अंशदान के अनुपात म यथानुसार
दया जाएगा।
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[PART IV
f.
ि लयरंग कॉपरेशन साधारणतया कोर एसजीएफ अंशदान के लए नगद संपाि›.क 8वीकार
करेगा। हालांEक, ि लयरंग सद8य के अंशदान को ब#क oारा जार साव7ध जमाओं के Oप म
भी 8वीकार कर सकता है जो ऐसे उ•े•य के लए संब} )ा7धकार oारा अनुमो दत Eकया जाता
है। संब} )ा7धकार इस संबंध म समय-समय पर जार सेबी के $नदpश; oारा $नदp शत होगा।
13.3 कोर सेटलमट गारंट फंड का /बंधन:
13.3.1
संब} )ा7धकार सेटलमट गारंट फंड के )बंधन और इ8तेमाल के लए एक स म$त का गठन करेगा, जो
a.
ि लयरंग सद8य को ि लयरंग कॉपरेशन oारा डफॉटर घो,षत Eकए जाने क1 ि8थ$त म अlय के
साथ-साथ फंड; क1 उपयो7गता के तरके से $नपटेगी;
b.
एक या अ7धक ि लयरंग सद8य oारा )wयेक समाशोधन खंड के अंतग.त अपनी संब} देयताओं और
िजQमेदारय; को अदा करने म ,वलंब करने या अ8थायी Oप से ,वफल होने क1 ि8थ$त म अlय के
साथ-साथ फंड; के इ8तेमाल के तरके पर फैसला लेगी।
13.3.2
संब} )ा7धकार कोर एसजीएफ के लए $नवेश पॉ लसी के ,ववेकपूण. मानदंड का पालन करेगा और पॉ लसीज
और )Evया 8था,पत करेगा और Evयािlवत करेगा ताEक यह सु$नि°त Eकया जा सके Eक कोर एसजीएफ
मूल धनरा श का $नवेश lयूनतम बाजार और vेडट जोKखम के साथ उsच Oप से तरल ,वhीय लKखत; म
होता है और lयूनतम )$तकूल मूय )भाव के साथ wवरत Oप से तरल होने म सNम है। संब} )ा7धकार
उन $नवेश मानदंड; oारा भी $नदp शत होगा िजसे सेबी oारा समय-समय पर इस संबंध म तय Eकया जाता
है।
13.4 कोर एसजीएफ के +लए आगे का अंशदान / Y.तपू.त?
13.4.1
Eकसी भी महने के लए )wयेक समाशोधन खंड के अंतग.त ,व भlन अंशदानकता.ओं (उपबंध 13.2.4 के
अनुसार) oारा कोर एसजीएफ के )$त आव•यक अंशदान, महने के आरंभ होने से पहले अंशदानकता.ओं oारा
Eकया जाएगा।
13.4.2
Eकसी कैलडर महने के दौरान Eकसी ,वशेष समाशोधन खंड के कोर एसजीएफ के इ8तेमाल क1 ि8थ$त म,
संबं7धत अंशदानकता.ओं के लए एमआरसी के तwकाल एसजीएफ पर, उनके एकल अंशदान के इ8तेमाल के
अनुसार पदधार बन जाता है।
13.4.3
एक या अ7धक के इसके (अपने) )$तपू$त. क1 योगदान म ,वफल होने क1 ि8थ$त म, ऐसे अंशदान महने के
दौरान एक अ8थायी आधार पर, $नQन लKखत vम म, तwकाल )दान Eकया जाएगा:
(i)
ि लयरंग कॉपरेशन oारा
(ii) संबं7धत ए सचज oारा
संब} )ा7धकार, मा सक आधार पर, जोKखम )बंधन स म$त और ि लयरंग कॉपरेशन के गव$नŽग बोड. के
समN उपयो7गता और फंड क1 मूलरा श के संदभ. म या इस पर फोकस करते हुए, इसम होने वाल Eकसी
कमी और अंशदानकता.ओं क1 ओर से आव•यक मूल धनरा श क1 )$तपू$त. के तरक; के लए Eकसी ,वशेष
महन के लए सेटलमट गारंट फंड के मामल; का सारांश )8तुत करेगा। ि लयरंग कॉपरेशन के )शास$नक
बोड. oारा, ,वशेषकर कोर एसजीएफ को बढ़ाने के मामले पर क1 गई समीNा के परणाम का ,ववरण देते हुए
सेबी को एक अपवाद )$त,वदेन दया जाएगा।
13.5 डफॉ ट वाटरफॉल
13.5.1
Eकसी ,वशेष समाशोधन खंड के एमआरसी के संबंध म Eकसी उभरती कमी क1 परि8थ$त क1 ि8थ$त म
ि लयरंग कॉपरेशन क1 मूल धनरा श क1 N$तपू$त., िजसे ि लयरंग कॉपरेशन का डफॉट वाटरफॉल भी
कहा जाता है, सेबी के मौजूद दशा$नदpश; के अनुसार, आमतौर पर $नQन लKखत आदेश का पालन करेगा:
a.
डफॉिटंग ि लयरंग सद8य क1 धनरा शयां (कोर एसजीएफ के लए डफॉिटंग ि लयरंग सद8य के
)ाथ मक अंशदान और अlय खंड; म डफॉटर के अwय7धक धनरा शय; स हत)।
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b.
बीमा पॉ ल सय;, य द है तो, के लाभांश।
c.
ि लयरंग कॉपरेशन के संसाधन (खंड एमआरसी के 5% से बराबर)।
d.
$नQन लKखत vम म समाशोधन खंड के कोर एसजीएफ:
i.
अथ.दंड
ii.
,वशेष समाशोधन खंड एमआरसी के कम से कम 25% क1 सीमा तक ि लयरंग कॉपरेशन
के योगदान
iii. शेष बचा कोर एसजीएफ: सीसी अंशदान, संबं7धत ए सचज अंशदान और गैर-डफॉिटंग
ि लयरंग सद8य का यथानुपा$तक आधार पर कोर एसजीएफ के लए )ाथ मक अंशदान।
e.
शेष बचे ि लयरंग कॉपरेशन संसाधन; का अनुपात (अlय समाशोधन खंड और -. 100 करोड़
एसजीएफ के लए योगदान) ि लयरंग कॉपरेशन oारा )बं7धत सभी समाशोधन खंड; के एमआरसी के
लए समाशोधन खंड एमआरसी के अनुपात के बराबर।
नोट: सेबी ने अ7धसूचना जार Eकया है Eक उG 100 करोड़ -. को केवल तभी बाहर रखा जाएगा जब
शेष बचे ि लयरंग कॉपरेशन संसाधन, अlय समाशोधन खंड के कोर एसजीएफ के लए ि लयरंग
कॉपरेशन के अंशदान को छोड़कर, 100 करोड़ -. से अ7धक होता है।
f.
ि लयरंग कॉपरेशन/संबं7धत ए सचज का अlय समाशोधन खंड के कोर एसजीएफ के लए अंशदान
(इन समाशोधन खंड; क1 देयताओं क1 पू$त. करने के बाद) और सेबी oारा 8वीकृत सीमा तक ि लयरंग
कॉपरेशन के शेष बचे उपल‰ध संसाधन।
g.
,वशेष समाशोधन खंड के गैर-डफॉिटंग ि लयरंग सद8य oारा कै ड अ$तरG अंशदान।
नोट: सेबी ने यह अ$नवाय. कर दया है Eक ि लयरंग कॉपरेशन, अ$तरG अंशदान के लए गैर-
डफॉिटंग सद8य क1 देयता को कोर एसजीएफ के लए उनके आव•यक )ाथ मक अंशदान के गुणक
तक सी मत करेगा और इसके संबंध म Oपरेखा, जैसा Eक संब} )ा7धकार oारा $नण¢त हो सकता है,
साव.ज$नक Eकया जाएगा। गैर-डफॉिटंग ि लयरंग सद8य से मूयांEकत रा श क1 रकवर म आई
कोई कमी, सेबी के अनुमोदन के साथ उपरोG लेयर 'एफ’ के लए आवं टत Eकया जाएगा।
h.
कोई शेष बचा मूय¿ास या हा$न भुगतान; के यथानुपात हेयरकट oारा कवर क1 जाएगी। (नोट: ऐसी
ि8थ$त म जहां आवंटन भुगतान; म हेयरकट के ज़रए )भा,वत होता है, Eकसी ,वशेष समाशोधन खंड
के संदभ. म ि लयरंग कॉपरेशन oारा फंड; का अनुवत¢ इ8तेमाल सेबी के पूवा.नुमोदन पर Eकया
जाएगा। इसके अ$तरG, इस 8तर के समापन के बाद ि लयरंग कॉपरेशन oारा Eकया गया कोई
$नकास जैसा Eक सेबी oारा जन हत म $नण.य लया जा सकता है।)
14. ;व;वध /ावधान
14.1 आपाती शGयां
14.1.1 जब कभी भी संब} )ा7धकार को यह लगता है Eक यह आपात ि8थ$त है, šबना Eकसी सीमा के:
14.1.1.1
कोई संकट म या वा8त,वक बाजार परचालन या Eकसी सरकार के काय., कोई )मुख बाजार
,वNोभ स हत िजससे बाजार )भा,वत होता है, या
14.1.1.2
कोई ऐसी अवां$छत ि8थ$त या काय. Fयवहार िजसे ि लयरंग सद8य आपात ि8थ$त, या
मे$नपुलेशन क1 )कृ$त म संकट, क ठन परि8थ$त, बाजार भाव 7गरना या मान सकता है या
जहां संब} )ा7धकार के ,वचार से Eकसी $नि°त सौदे को $नQन लKखत के उ•े•य से
$न±पा दत करना है:
a.
ग$त,व7ध का गलत या कृšŒम )कटकरण )8तुत करना, या क1मत संतुलन का
अपसे टंग, या
1268
THE GAZETTE OF INDIA, JUNE 17, 2017 (JYAISTHA 27, 1939)
[PART IV
b.
ऐसे तरके से šबजनेस करना जो Fयापार के हत म या ि लयरंग कॉपरेशन के हत म
हा$नकारक है या
14.1.1.3
Eकसी असामाlय या आकि8मक घटनाओं या )$तकूल )$ति8थ$तय; क1 ि8थ$त म या ऐसा
करने के लए ि लयरंग कॉपरेशन के सामाlय हत म फायदेमंद है, तथा,प इन उप-$नयम;,
$नयम;, सकु. लर;, अनुबंध ,ववरण, या संबं7धत अ7ध$नयम और/या कोई )योœय $नयम के
अनुसार ,वरोधाभाषी है, संब} )ा7धकार:
a. वैकिपक $नपटान या बकाए )$तभू$तय; क1 आपू$त. को )भा,वत कर सकता है;
b. संब} )ा7धकार oारा $नधा.रत मूय पर )$तभू$त क1 नीलामी कर सकता है और संब}
)ा7धकार oारा $नधा.रत $त7थ से यह )भावी हो सकता है;
c.
,वशेष मािज.न लगा सकता है;
d. इसके अंतग.त बने $नयम; और सकु. लर; म संशोधन, ,वलोपन या समावेश कर सकता है;
e. समय-समय पर संब} )ा7धकार oारा फैसला लए गए कदम उठा सकता है।
14.2 सूचना के आ¼ान और अकाउंट के $नपटारे क1 शGयां
14.2.1
संब} )ा7धकार के पास Eकसी भी समय सभी या Eकसी ि लयरंग सद8य को ,व8तृत ,ववरण सžपने के लए
कह सकता है िजसम ऐसे ि लयरंग सद8य oारा $नधा.रत फॉम. और तरके से शुO Eकए गए )$तभू$त
लेनदेन; से संबं7धत जानकार शा मल ह;गे।
14.2.2
,वशेष और इन उप-$नयम; के अंतग.त अनुवत¢ और अlय शGय; क1 सामाlयता के लए नुकसानदेह हुए
šबना, ऐसी सूचना $नQन लKखत मामल; से संबं7धत हो सकती है:
a.
Eकसी ि लयरंग सद8य oारा अlय सद8य के साथ इसके 8वा मwव वाले अकाउंट पर शुO Eकए गए
सौदे या लेनदेन;
b.
ि लयरंग सद8य oारा इसके लाइंट के लए समाशो7धत सौदे
c.
ि लयरंग सद8य के इसके लाइंट से संबं7धत ओपन पोिजशन; और
d.
ि लयरंग सद8य oारा इसके 8वा मwव वाले अकाउंट या लाइंट अकाउंट के लए धारत संपाि›.क।
14.2.3
संब} )ा7धकार के पास, इन उप-$नयम; के अंतग.त Eकसी ि लयरंग सद8य oारा सžपे गए Eकसी ,ववरण के
सwयापन या जांच के उ•े•य से, ि लयरंग सद8य के ब हय; के $नमा.ण के लए और/या ि लयरंग सद8य
क1 ओर से 8पƒीकरण के लए कहने का अ7धकार होगा
14.2.4
वह ि लयरंग सद8य जो ऐसे ,ववरण को सžपने म या ऐसे ब हय; के $नमा.ण म या ऐसे 8पƒीकरण देने म
,वफल होता है या इसे नजरअंदाज करता है, उस पर इस उप-$नयम; के तहत अनुशासनाwमक कार.वाई क1
जाएगी।
14.2.5
संब} )ा7धकार जद से जद इस कार.वाई क1 सूचना सेबी को देगा।
14.3 इन उप-$नयम; म ऐसा कोई )ावधान नहं है जो Eकसी भी तरके से बोड., संब} )ा7धकार या उ7चत Oप से अ7धकृत
Eकसी अlय स म$त को इन उप-$नयम; के अनुसार Eकसी आपात ि8थ$त म कदम उठाने से रोकेगा।
दनांक
: 24.05.2017
नर कुमार अहलावत
थान
: मुबई
डायरेटर
PART IV]
THE GAZETTE OF INDIA, JUNE 17, 2017 (JYAISTHA 27, 1939)
1269
Uks”kuy flD;ksfjVht fDy;fjax dkiksZjs”ku fyfeVsM
iath—r dk;kZy;%,Dlpsat Iyktk] Iy‚V ua- lh@1] Cy‚dth] ckaæk&dqykZ d‚EIysDl] ckaæk ¼iwoZ½] eqacbZ 400 051
us'kuy flD;ksfjVht fDy;fjax d‚iksZjs'ku fyfeVsM ds vkfVZdYl v‚Q vkVZ~l ds lacaf/kr /kkjkvksa esa fufgr çko/kkuksa dks fuEukuqlkj
la”kksf/kr fd;k x;k gS%
I.
daiuh vf/kfu;e] 2013 ds vkyksd esa /kkjk la[;k] vuqlwph la[;k ;k daiuh vf/kfu;e] 1956 ds lanHkZ esa ifjorZuA
daiuh vf/kfu;e esa ifjorZu ds vuqlkj]daiuh vf/kfu;e 1956 dh /kkjkvksa ds izfr fuEufyf[kr lanHkZ daiuh vf/kfu;e]
2013 esa lacaf/kr /kkjkvksa ;k daiuh vf/kfu;e] 2013 ds çko/kkuksa ds izfr lanHkZ dk mYys[k djus ds fy, ifjofrZr fd,
tkus gsrq izLrkfor gaS%
Ø-
la-
vuqPNsn la[;k
daiuh vf/kfu;e] 1956 dk lanHkZ
daiuh vf/kfu;e] 2013 ¼^vf/kfu;e*½ dk lanHkZ
1.
fooj.k
daiuh vf/kfu;e]1956 dh igyh vuqlwph esa
rkfydk d
daiuh vf/kfu;e] 2013 dh vuqlwph 1 esa fpfàr
rkfydk p
2.
vuqPNsn
1¼,p½
/kkjk 150
/kkjk 88
3.
vuqPNsn 2¼Mh½
daiuh vf/kfu;e 1956
^^vf/kfu;e**
4.
vuqPNsn 4
/kkjk 150] 151 vkSj 152
/kkjk 88
5.
vuqPNsn 5
/kkjk 159 vkSj 161
^^--------vf/kfu;e ds v/khu**
6.
vuqPNsn 7
/kkjk 69] 70 vkSj 75
/kkjk 39
7.
vuqPNsn
15
/kkjk 77
/kkjk 67
8.
vuqPNsn
15,
/kkjk 77,
/kkjk 68
9.
vuqPNsn 34
/kkjk 205&,
^^-----vf/kfu;e ds fo’k;k/khu**
10.
vuqPNsn 45
/kkjk 108 ¼1&,½
/kkjk 56
11.
vuqPNsn 47
/kkjk 108 dh mi&/kkjk ¼1½] ¼1&,½ vkSj
¼1&ch½
/kkjk 56
12.
vuqPNsn 68
/kkjk 81
/kkjk 62
13.
vuqPNsn 68
/kkjk 79
/kkjk 53
14.
vuqPNsn 73
/kkjk 58,] 292] 293
^^------bl vf/kfu;e ds çko/kku**
15.
vuqPNsn 79
/kkjk 143
^^------vf/kfu;e ds çko/kku**
16.
vuqPNsn 105
/kkjk 187
/kkjk 113
17.
vuqPNsn 112
vuqlwph IX
/kkjk 105
18.
vuqPNsn 152
/kkjk 193
/kkjk 118
19.
vuqPNsn
157¼19½
/kkjk 293
/kkjk 181
20.
vuqPNsn
157¼23½
/kkjk 292 vkSj 293
^^-------bl vf/kfu;e ds çko/kku**
21.
vuqPNsn
157¼24½
/kkjk 292 vkSj 293
^^------bl v/kfu;e ds çko/kku**
22.
vuqPNsn 165
/kkjk 205
/kkjk 123
23.
vuqPNsn 168
/kkjk 205
/kkjk 123
24.
vuqPNsn 173
/kkjk 205,
^^------bl vf/kfu;e ds fo’k;k/khu**
1270
THE GAZETTE OF INDIA, JUNE 17, 2017 (JYAISTHA 27, 1939)
[PART IV
I.
ekStwnk vuqPNsnksa esa la;kstu ;k foyksiu dh otg ls ifjorZuA
1.
tSlkfd blds varxZr fn;k x;k gS] vuqPNsn 1¼,½ la”kksf/kr fd, tkus gsrq çLrkfor gS%
^bl vf/kfu;e** ;k ^^mDr vf/kfu;e** ls vk”k; daiuh vf/kfu;e] 2013 ls gS vkSj blesa rRle; izo`Rr blds
v/khu cuk, x, lHkh fu;e] Li"Vhdj.k] ifji=] vf/klwpuk,a vkSj bldk izR;sd lkafof/kd la'kks/ku ;k izfrLFkkiu]
vkSj ml gn rd daiuh vf/kfu;e] 1956 ds çklafxd çko/kku “kkfey gksaxs fd bl izdkj ds çko/kku daiuh
vf/kfu;e] 2013 }kjk izfrLFkkfir ;k vuf/klwfpr] tSlh Hkh fLFkfr gks] u fd, x, gksaA
2.
vuqPNsn 6 esa uhps fn, x, vuqlkj la'kks/ku fd;k x;k gS%
daiuh ,slh jkf”k ds Hkqxrku ij tSlk fd bl vf/kfu;e }kjk fu/kkZfjr fd;k tk ldrk gS fdlh Hkh lnL;]
_.ki=&/kkjd ;k vU; O;fä dks vuqjks/k ij bl vf/kfu;e ds varxZr j[ks tkus gsrq visf{kr lnL;ksa ds jftLVj]
lnL;ksa ds lwpdkad] _.ki= /kkjdksa dsjftLVj vkSj lwpdkad ;k mlds fdlh Hkh Hkkx dh çfrfyfi HkstsxhA
çfrfyfi]lkr fnukas dh vof/k ;k ,sls vU; le; ds Hkhrj Hksth tk,xh tSlk fd bl vf/kfu;e ;k blds v/khu
cuk, x, fu;eksa ds varxZr fu/kkZfjr fd;k tk ldrk gSA
3.
vuqPNsn 8 esa uhps fn, x, vuqlkj la'kks/ku fd;k x;k gS%
bl vf/kfu;e ds çko/kkuksa vkSj bu çLrqfr;ksa ds v/;/khu rRle; ds fy, daiuh dh iwath esa 'ks;j ¼daiuh dh
fdlh Hkh of/kZr iwath ds fgLls dk xBu djus okys fdUgha Hkh 'ks;jksa lfgr½ funs'kdksa ds fu;a=.k ds v/khu gksaxs] tks
,sls le; ds nkSjku ;k ,sls fopkj.k ds fy, tSlk fd funs”kd mfpr le>sa ;k rks leewY; ;k izhfe;e ij fdUgha
Hkh “ks;jksa ds fy, ekax djus dk fdlh Hkh O;fä ;k O;fä;ksa dks fodYi ;k vf/kdkj nsus ds fy, vke cSBd esa
eatwjh ds lkFk ,sls vuqikr esa vkSj ,sls fu;eksa vkSj 'krksaZ ij vkSj ;k rks izhfe;e ij ;k leewY; ij ;k ¼bl
vf/kfu;e dh /kkjk 53 ds çko/kkuksa ds vuqikyu ds v/;/khu½ NwV ij ;k ,sls le; ij tSlkfd os le;≤ ij
mfpr vkSj mi;qDr le>sa ,sls O;fä;ksa ds fy, budk ;k buesa ls fdlh dk vkoaVu ;k vU;Fkk fuiVku dj ldrs
gaS] vkSj daiuh ds O;kikj ds lapkyu esa daiuh dks csph vkSj gLrkarfjr dh xbZ fdlh Hkh laifÙk ds ;k çnku dh
xbZ fdUgha Hkh lsokvksa ds fy, iw.kZ ;k va”k esa Hkqxrku ij daiuh dh iwath esa ls 'ks;j tkjh vkSj vkoafVr dj ldrs
gSa vkSj dksbZ Hkh 'ks;j]ftls bl izdkj vkoafVr fd;k tk ldrk gS]iwjh rjg ls pqdrk 'ks;jksa ds :i esa tkjh fd;k
tk ldrk gS vkSj ;fn bl izdkj tkjh fd;k tkrk gS] rks iwjh rjg ls pqdrk 'ks;j le>k tk,xkA
c'krsZ fd “ks;jksa dh ekax djus dk fodYi ;k vf/kdkj] vke cSBd esa daiuh dh eatwjh ls NksM+dj] fdlh Hkh O;fä
dks ugha fn;k tk,xkA
4.
vuqPNsn 18¼1½ esa uhps fn, x, vuqlkj la'kks/ku fd;k x;k gS%
daiuh] daiuh ds fdUgha Hkh 'ks;jksa] _.ki=ksa ;k _.ki= LVkWd ;k daiuh dh dksbZ Hkh vU; izfrHkwfr ysus ds fy, ;k
ysus ds fy, lger gksus ds fy, ¼pkgs iw.kZr;k ;k l'krZ½ ;k daiuh ds fdlh Hkh 'ks;j] _.ki=ksa ;k _.ki= LVkWd
;k daiuh dh dksbZ Hkh vU; izfrHkwfr [kjhnus ds fy, ;k [kjhnus ds fy, lger gksus ds fy, ¼pkgs iw.kZr;k ;k
l'krZ½ fdlh Hkh O;fä dks fdlh Hkh le; deh”ku dk Hkqxrku dj ldrh gS ysfdu bruk gS fd ;fn 'ks;jksa ds
laca/k esa deh”ku dk Hkqxrku lacaf/kr fuxZeu ;k ykHk ;k nksuksa dh vk; ls fd;k tk,xk ;k ns; gksxk]rks lkafof/kd
“krksZa vkSj vis{kkvksasa dk ikyu vkSj vuqikyu fd;k tk,xk vkSj deh'ku dh jkf'k ;k nj bl vf/kfu;e }kjk
fu/kkZfjr njksa ls vf/kd ugha gksxhA deh”ku udnh esa ;k daiuh ds 'ks;jksa] _.ki= ;k _.ki= LV‚d esa Hkqxrku ;k
rq"V fd;k tk ldrk gSA
5.
vuqPNsn 19 esa uhps fn, x, vuqlkj la'kks/ku fd;k x;k gS%
çfrHkwfr;ksa dk gd çek.k i= nks funs'kdksa ;k cksMZ ;k mldh lfefr tSlh Hkh fLFkfr gks ldrh gS }kjk fof/kor
vf/k—r O;fDr;ksa vkSj;k bl ç;kstu ds fy, cksMZ }kjk fu;qä dqN vU; O;fä;ksa dh mifLFkfr esa vkSj ds gLrk{kj
;qDr daiuh dh eqgj ds varxZr tkjh fd;k tk,xkA ;fn cksMZ dh lajpuk bldh vuqefr nsrh gS] rks Åi;ZqDr nks
funs'kdksa esa ls de ls de ,d funs”kd çca/k funs'kd ;k iw.kZdkfyd funs'kd ls fHkUu O;fDr gksxkA ,sls 'ks;jksa dk
çek.k i= tSlh Hkh fLFkfr gks] 'ks;jksa ds vkoaVu ds ekeys esa vkoaVu ds ckn nks eghus ds Hkhrj ;k varj.k ds
ekeys esa varj.k ds foys[k dh daiuh }kjk çkfIr dh frfFk ls ,d eghus ds Hkhrj ;k daiuh }kjk ikjs’k.k dh lwpuk
dh çkfIr dh frfFk ls ,d eghus ds Hkhrj ;k _.ki=ksa ds vkoaVu ds ekeys esa ,sls _.ki=ksa dh vkoaVu dh frfFk
ls Ng eghus ds Hkhrj bl vf/kfu;e esa fu/kkZfjr izfdz;k ds vuqlkj lqiqnZ bl vf/kfu;e dh /kkjk 56 ds çko/kkuksa
ds v/khu gksaxsA
c”krsZ ges'kk fd bl vuqPNsn esa fdlh ckr ds gksrs gq, Hkh] “ks;j@_.ki= ds gd dk çek.k i= bl vf/kfu;e ;k
blds varxZr cuk, x, fu;eksa ds ,sls vU; çko/kkuksa ds vuqlkj fu’ikfnr vkSj tkjh fd, tk ldrs gaS tSlk fd
rRle; vkSj le;≤ ij izo`Rr gks ldrs gaSA dbZ O;fä;ksa }kjk la;qä :i ls /kkfjr “ks;j ;k “ks;jksa ;k
izfrHkwfr ;k izfrHkwfr;ksa ds laca/k esa] daiuh ,d ls vf/kd çek.k i= tkjh djus ds fy, ck/; ugha gksxh vkSj dbZ
la;qä/kkjdksa esa ls ,d dks “ks;jksa;k izfrHkwfr;ksa ds çek.k i= dh lqiqnZxh bl izdkj ds lHkh /kkjdksa ds fy, i;kZIr
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lqiqnZxh gksxhA mijksDr ds gksrs gq, Hkh] çfrHkwfr;ksa dk çek.k i= ;Fkk lalksf/kr bl vf/kfu;e vkSj fdUgha Hkh vU;
ykxw dkuwuksa ds çko/kkuksa ds vuqlkj tkjh fd;k tk,xkA
6.
vuqPNsn 19A esa uhps fn, x, vuqlkj la'kks/ku fd;k x;k gS%
bu vuqPNsnksa esa fufgr fdlh ckr ds gksrs gq, Hkh] daiuh viuh çfrHkwfr;k MheSV djus vkSj fu{ksikxkj vf/kfu;e]
1996 ds vuqlkj MheSV :i esa çfrHkwfr;ksa dh is'kd'k djus ds fy, gdnkj gksxhA bl izdkj ls MheSV dh xbZ
çfrHkwfr;ksa ds laca/k esa fu{ksikxkj vf/kfu;e] 1996 ds çko/kku vkSj çklafxd fofu;e ykxw gkasxsA fu{ksikxkj esa
ysunsu dh xbZ çfrHkwfr;ksa ds fy,] daiuh ,slh çfrHkwfr;ksa ds vkoaVu ij rqjar fu{ksikxkj dks çfrHkwfr;ksa ds vkoaVu
dh tkudkjh nsxhA
7.
vuqPNsn 20 esa uhps fn, x, vuqlkj la'kks/ku fd;k x;k gS%
izR;sd lnL; Hkqxrku ds fcuk vius uke ij iath—r izR;sd oxZ ;k ewY;oxZ ds lHkh 'ks;jksa ds fy, ,d izek.ki=
ds fy, ;k] ;fn funs'kd bl izdkj vuqeksfnr djrs gSa ¼,sls 'kqYd ;k 'kqYdksa dk Hkqxrku djus ij ;k “kqYdksa ds
Hkqxrku ds fcuk funs'kd ds foosd ij tSlk fd funs”kd le;≤ ij fu/kkZfjr dj ldrs gSa½ rks dbZ çek.k i=ksa
ds fy, gdnkj gksxk tks çR;sd oxZ ds ,d ;k ,d ls vf/kd 'ks;jksa ds fy, gksaxsA 'ks;jksa ds izR;sd çek.k i= esa
,sls C;kSjs gksaxs vkSj ,sls :i esa gksaxs tSlk fd ;Fkk lalksf/kr daifu;ka ¼'ks;j iwath vkSj _.ki=½ fu;e] 2014 ;k
mlds çfrLFkkiu ;k la'kks/ku esa cuk, x, fdlh Hkh vU; fu;e }kjk fu/kkZfjr gSA tgka lnL; us viuh gksfYMax esa
'kkfey “ks;jkas dk ,d fgLlk gLrkarfjr dj fn;k gS] og fcuk izHkkj ds “ks’k ds fy, çek.k i= dk gdnkj gksxkA
8.
vuqPNsn 21¼1½ esa uhps fn, x, vuqlkj la'kks/ku fd;k x;k gS%
ykxw dkuwu ds varxZr fu/kkZfjr vof/k ds Hkhrj çek.k i= dk uohdj.k fd;k tk ldrk gS ;k çek.k i= dh
çfrfyfi tkjh dh tk ldrh gS ;fn ¼v½ daiuh dh larqf"V ds fy, vkSj ,slh {kfriwfrZ ds fu"iknu ij tSlk fd
daiuh i;kZIr le>s bl izdkj dk@ds çek.k i= [kks x;k@x, ;k u"V gks x;k@x, fl) gks tkrs gSa] ;k ¼c½
fo:fir gks tkus ;k fo—r gks tkus ;k QV tkus ;k f?klfiV tkus ij ;k mlds ihNs dh vksj cspku ;k gLrkarj.k
ds fy,] vkSj txg u jg tkus ij daiuh ds le{k izLrqr fd;k tkrk gS vkSj daiuh dks lefiZr dj fn;k tkrk gSA
bl vuqPNsn ds varxZr izR;sd çek.k i= “kqYd ds Hkqxrku ij ;fn funs'kd ,slk fu.kZ; djrs gaS] ;k ,sls “kqYd ds
Hkqxrku ij ¼çR;sd çek.k i= ds fy, 50 #i;s ls vf/kd u gks½ tSlkfd funs'kd fu/kkZfjr djasxs] tkjh fd;k
tk,xkA
9.
vuqPNsn 21¼2½ esa uhps fn, x, vuqlkj la'kks/ku fd;k x;k gS%
çek.k i= ds fuxZeu ;k uohdj.k ;k mldh izfrfyfi ds fuxZeu dk rjhdk] çek.k i= ¼ewy ;k uohd`r½ ;k
mldh izfrfyfi dk :i] lnL;ksa ds jftLVj esa ;k jftLVj ;k uohd`r çek.k i=;k çek.k i= dh udy esa ntZ
fd, tkus okys fooj.k] ,sls jftLVjksa dk :i] og “kqYd ftlds Hkqxrku ij] fu;e vkSj 'krsaZ ftl ij çek.k i=
dk uohdj.k fd;k tk ldrk gS ;k mldh izfrfyfi tkjh dh tk ldrh gS] os ,slh gksaxh tSlkfd vf/kfu;e vkSj
mlds v/khu cuk, x, fu;e vkSj ;k bl laca/k esa ykxw fdlh vU; vf/kfu;e ;k fu;e }kjk fu/kkZfjr gSA
çek.k i= tkjh djus ls lacaf/kr iwoZxkeh vuqPNsnksa ds çko/kku _.ki= ¼flok; tgka vf/kfu;e vU;Fkk vis{kk djrk
gS½ lfgr fdUgha Hkh vU; çfrHkwfr;ksa ds fy, çek.k i= tkjh djus ds fy, vko';d ifjorZuksa lfgr ykxw gkasxsA
10. vuqPNsn 27esa uhps fn, x, vuqlkj la'kks/ku fd;k x;k gS%
;fn fdlh Hkh 'ks;j ds fuxZeu dh “krksZa ;k vU;Fkk }kjk dksbZ Hkh jkf'k fdlh Hkh fuf'pr le; ij ;k fuf”pr
le; ij fdLrksa }kjk ns; cukbZ tkrh gS] pkgs ukeek= ds ewY; ds vk/kkj ij ;k çhfe;e ds ek/;e ls] ,slh izR;sd
jkf'k ;k fd”r ns; gksxh tSls fd ;g funs'kdksa }kjk fof/kor dh xbZ ekax gks vkSj ftldh mfpr lwpuk nh tk
pqdh gS vkSj ekax ds laca/k esa blesa fufgr lHkh çko/kku rnuqlkj ,slh jkf'k ;k fd'rksa ls lacaf/kr gkasxsA
11. vuqPNsn 28 esa uhps fn, x, vuqlkj la'kks/ku fd;k x;k gS%
;fn fdlh Hkh ekax ;k fdLr ds laca/k esa ns; jkf”k dk mlds Hkqxrku ds fy, fu;r fnu dks ;k ls igys Hkqxrku
ugha fd;k tkrk gS rks rRle; ds “ks;j /kkjd ;k vkoaVh ftlds laca/k esa ekax dh xbZ gksxh ;k fdLr ns; gksxh]
,slh nj ij bl ij C;kt dk Hkqxrku djasxs tSlk fd funs'kd blds Hkqxrku ds fy, fu;r fnu ls ysdj
okLrfod Hkqxrku ds le; rd le;≤ ij r; djsaxs] ysfdu funs'kd iw.kZ ;k va”k esa bl izdkj ds C;kt dk
Hkqxrku ekQ dj ldrs gSaA cksMZ ds foosdk/khu ekax jí ;k LFkfxr dh tk ldrh gSA
12. vuqPNsn 30 esa uhps fn, x, vuqlkj la'kks/ku fd;k x;k gS%
funs'kd] ;fn mUgsa mi;qDr yxrk gS ¼bl vf/kfu;e ds çko/kkuksa ds v/khu½ vfxze Hkqxrku djus ds fy, rS;kj
fdlh Hkh lnL; ls okLro esa dkWy dh xbZ jkf”k ls ijs mlds }kjk /kkfjr 'ks;jksa ij ns; laiw.kZ/ku ;k mlds fdlh
Hkh fgLls ds fy, lger gks ldrs gSa vkSj bls çkIr dj ldrs gSa vkSj vfxze esa bl izdkj Hkqxrku ;k rq"V fd,
x, /ku ;k mlds mrus Hkkx ij tSlk fd le;≤ ij 'ks;jksa ij ml le; dh xbZ ekax dh jkf'k ls vf/kd
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[PART IV
gksrh gS ftlds laca/k esa bl izdkj dk vfxze Hkqxrku fd;k x;k gS daiuh ,slh nj ij C;kt dk Hkqxrku dj
ldrh gS ftl ij vfxze esa ,slh jkf'k dk Hkqxrku djus okyk lnL; vkSj funs'kd lger gkasa vkSj funs'kd ,sls
lnL; dks fyf[kr esa ,d eghus dh lwpuk nsdj fdlh Hkh le; bl izdkj vfxze esa nh xbZ jkf'k dk iquZHkqxrku
dj ldrs gSa( c'krsZ fd 'ks;jksa ij ekax ds vfxze esa Hkqxrku dh /kujkf'k ij C;kt gks ldrk gS ysfdu ykHkka'k ;k
equkQs esa Hkkxhnkjh djus dk vf/kdkj ugha çnku djsxhA
vfxze esa bl izdkj dh jkf'k dk Hkqxrku djus okyk dksbZ Hkh lnL; rc rd mlds }kjk bl izdkj Hkqxrku dh
xbZ /kujkf”k;ksa ds laca/k esa erkf/kdkj dk gdnkj ugha gksxk tc rd ;g] ysfdu bl izdkj ds Hkqxrku ds fy,]
orZeku esa ns; ugha gks tkrkA bl vuqPNsn ds çko/kku daiuh }kjk tkjh fd, x, _.ki=ksa ij ekax ds fy,
vko';d ifjorZuksa lfgr ykxw gkasxsA
13. vuqPNsn 38 esa uhps fn, x, vuqlkj la'kks/ku fd;k x;k gS%
dksbZ Hkh lnL; ftldk 'ks;j tCr dj fy;k x;k gS] tCrh ds gksrs gq, Hkh] daiuh dks tCrh ds le; ,sls 'ks;jksa ij
cdk;k ;k ds laca/k esa lHkh ekaxksa] fd'rksa] C;kt] [kpZ vkSj vU; /kujkf”k;ksa dk tCrh ds le; ls ysdj Hkqxrku rd
,slh njksa ij ml ij C;kt ds lkFk Hkqxrku djus ds fy, mÙkjnk;h gksxk vkSj rqjar Hkqxrku djsxk tSlkfd
funs'kdksa }kjk fu/kkZfjr fd;k tk ldrk gS vkSj funs'kd laiw.kZ;k mlds fgLls dk Hkqxrku ykxw dj ldrs gSa ;fn
mUgsa mi;qDr yxrk gS] ysfdu ,slk djus ds fy, fdlh Hkh ck/;rk ds v/khu ugha gksaxsA ,sls O;fä dk nkf;Ro
lekIr gks tk;sxk ;fn vkSj tc daiuh bu 'ks;jksa ds laca/k esa bl izdkj dh leLr /kujkf”k dk iwjk Hkqxrku çkIr
dj ysxhA
14. vuqPNsn 39 esa uhps fn, x, vuqlkj la'kks/ku fd;k x;k gS%
daiuh dk vius iwjh rjg ls Hkqxrku fd, x, 'ks;jksa ij dksbZ xzg.kkf/kdkj ugha gksxkA çR;sd lnL; ds uke ij
iath—r ¼pkgs iwjh rjg ls ;k fdlh vU; ;k nwljksa ds lkFk la;qä :i ls gks½vkaf'kd :i ls pqdrk
'ks;jksa@_.ki= ds ekeys esa vkSj mldh fcØh dh izkfIr;ksa ij] ,sls 'ks;jksa@_.ki=ksa ds laca/k esa fuf'pr le; ij
ekaxs x, ;k ns; ¼pkgs orZeku esa ns; gks ;k ugha½ lHkh /kujkf”k;ksa ds fy, dsoy daiuh dk igyk vkSj loksZifj
xzg.kkf/kdkj gksxk vkSj fdlh Hkh “ks;j esa dksbZ Hkh lerk ;ksX; C;kt l`ftr ugha gksxk flok; bl QqfVax vkSj “krZ
ij fd bl vuqPNsn dk iwjk çHkko gksxkA ,slh dksbZ Hkh xzg.kkf/kdkj bl vf/kfu;e ds izko/kkuksa ds v/khu ,sls 'ks;jksa
ds laca/k esa le;≤ ij ?kksf"kr lHkh ykHkka'kksrd foLrkfjr gksxkA tc rd vU;Fkk Lohd`r u gks]
'ks;jksa@_.ki=ksa ds gLrkarj.k dk iathdj.k ,sls 'ks;jksa@_.ki=ksa ij daiuh ds xzg.kkf/kdkj] ;fn dksbZ gks] dh
ekQh ds :i esa dke djsxk c”krsZ fd cksMZ fdlh Hkh le; fdUgha Hkh 'ks;jksa@_.ki=ksa dks bl /kkjk ds çko/kkuksa ls
iwjh rjg ls ;k vkaf'kd :i ls eqä ?kksf"kr dj ldrk gSA
15. vuqPNsn 48 esa uhps fn, x, vuqlkj la'kks/ku fd;k x;k gS%
iathdj.k ds fy, fof/kor eksgj ;qDr gLrkarj.k dk izR;sd foys[k lacaf/kr 'ks;j çek.ki=ksa vkSj bl izdkj ds lk{;
ds lkFk tSlkfd cksMZ varj.kdrkZ dh gdnkjh] 'ks;jksa dk gLrkarj.k djus dk mldk vf/kdkj fl) djus ds fy,
vis{kk dj ldrk gS vkSj vke rkSj ij ,slh “krksZa vkSj fofu;eksa ds varxZr vkSj v/khu tSlkfd cksMZ le; le; ij
fu/kkZfjr djsxk] fu"iknu dh frfFk ls lkB fnuksa dh vof/k ;k ,slh de vof/k ds Hkhrj tSlk fd ykxw dkuwu ds
varxZr fu/kkZfjr fd;k tk ldrk gS] daiuh ds le{k çLrqr fd;k tk,xk] vkSj gLrkarj.k dk izR;sd iath—r foys[k
dkuwu ds çko/kkuksa ds v/khu funs'kd eaMy ds vkns'k ls u"V fd, tkus rd daiuh dh vfHkj{kk esa cuk jgsxkA
16. vuqPNsn 51 esa uhps fn, x, vuqlkj la'kks/ku fd;k x;k gS%
bl vf/kfu;e ds çko/kkuksa ds v/khu] bl vuqPNsn ds vuqlkj gLrkarj.k ls fHkUu fdlh vU; dkuwuh rjhds ls
fdlh lnL; dh e`R;q] ikxyiu] fnokyk] fnokfy;kiu ;k ifjfu/kkZj.k ds ifj.kke:o:i 'ks;jksa ds fy, gdnkj
cuus okyk dksbZ Hkh O;fDr ,slk lk{; izLrqr fd, tkus ij tSlk fd le;≤ ij mfpr :i ls cksMZ }kjk
visf{kr gks ldrk gS vkSj tSlk fd blds vkxs izko/kku fd;k x;k gS fo’k;k/khu ;k rks ¼v½ 'ks;j /kkjd ds :i esa
[kqn dks iath—r djkus gsrq( ;k ¼c½ “ks;j dk ,slk gLrkarj.k djus ds fy, tSlk fd e`rd ;k fnokfy;k lnL; us
fd;k gksrk] pquko dj ldrk gSA cksMZ ds ikl] nksuksa gh ekeys esa] iathdj.k Bqdjkus ;k fuyafcr djus dk ogh
vf/kdkj gksxk] tSlkfd mlds ikl gksrk ;fn e`rd ;k fnokfy;k lnL; us viuh e`R;q ;k fnokfy,iu ls igys
'ks;j gLrkarfjr fd;k gksrkA
c”krsZ fQj Hkh] tks O;fä vius ukfefr iath—r djokus dk pquko djsxk vius ukfefr ds i{k esa blesa fufgr
çko/kkuksa ds vuqlkj gLrkarj.k dk foys[k fu"ikfnr djds pquko dh xokgh nsxk] vkSj tc rd og ,slk ugh djsxk]
og 'ks;jksa ds laca/k esa fdlh Hkh nkf;Ro ls eqä ugha gksxkA
17. vuqPNsn 54 esa uhps fn, x, vuqlkj la'kks/ku fd;k x;k gS%
cksMZ ds ikl çR;sd o"kZ esa] ,d ckj esa rhl fnu ls vuf/kd vkSj dqy iSarkyhl fnu ls vuf/kd ;k ,slh vis{kd`r
de vof/k ds@dh] tSlkfd ykxw dkuwu ds varxZr fu/kkZfjr fd;k tk ldrk gS],sls le; ;k le;ksa ij vkSj ,slh
PART IV]
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vof/k ;k vof/k;ksa ds fy, gLrkarj.k cgh] lnL; dk jftLVj ;k _.ki= /kkjdksa dk jftLVj can djus ds fy,
ftys ds izeq[k LFkkuh; Hkk"kk esa vkSj ml LFkku ij O;kid izlkj j[kus okys Hkk’kkbZ lekpkj i= esa tgka daiuh dk
iath—r dk;kZy; fLFkr gS] ml ftys esa forfjr gksus okys vkSj ml LFkku esa O;kid izlkj j[kus okys tgka daiuh
dk iath—r dk;kZy; fLFkr gS] vaxzsth lekpkj i= esa vaxzsth Hkk"kk esa] de ls de ,d ckj foKkiu }kjk ,sls <ax
ls tSlkfd fu/kkZfjr fd;k tk ldrk gS] de ls de lkr fnu dh ;k ,slh vis{kkd`r de vof/k dh] tSlkfd ykxw
dkuwu ds varxZr fu/kkZfjr fd;k tk ldrk gS iwoZ lwpuk nsus dh vkSj osclkbV ij tSlk fd dsaæ ljdkj }kjk
vf/klwfpr fd;k tk ldrk gS vkSj daiuh dh osclkbV ij lwpuk çdkf'kr djus dh “kfDr gksxhA
18. vuqPNsn 55 esa uhps fn, x, vuqlkj la'kks/ku fd;k x;k gS%
;Fkk la”kksf/kr bl vf/kfu;e] bu vuqPNsnksa vkSj fdlh vU; ykxw dkuwu ds çko/kkuksa ds v/khu] cksMZ] vius iw.kZ
foosd ij daiuh ds fdUgha Hkh 'ks;jksa] pkgs iwjh rjg ls pqdrkgkas ;k ugha] ;k blesa lnL; ds fgr ;k _.ki=ksa ds
vf/kdkj dk gLrkarj.k ;k dkuwu dh lafdz;k }kjk ikjs’k.k iathd`r djus ;k Lohdkj djus lsbu vuqPNsnksa ds
varxZr ;k vU;Fkk daiuh dh fdlh Hkh “kfDr ds vuqlkj dkj.k lfgr euk dj ldrk gS] vkSj vLohdkj djus dk
vf/kdkj bu ifjfLFkfr;ksa ls çHkkfor ugha gksxk fd çLrkfor varfjrh igys ls gh daiuh dk lnL; gS ysfdu bl
izdkj ds ekeyksasa eas] daiuh ml frfFk ls ftl frfFk dks gLrkarj.k ds foys[k] ;k bl izdkj ds ikjs’k.k] tSlh Hkh
fLFkfr gks] dh lwpuk daiuh dks nh xbZ Fkh rhl fnuksa ;k ,slh vof/k ds Hkhrj tSlkfd ykxw dkuwu ds varxZr
fu/kkZfjr fd;k tk ldrk gS] varfjrh vkSj varj.kdrkZ dks ;k ,sls ikjs’k.k dh lwpuk nsus okys O;fä dks tSlh Hkh
fLFkfr gks] bl izdkj dh vLohd`fr ds fy, dkj.k nsrs gq, vLohd`fr dh lwpuk HkstsxhA
c”krsZ fd gLrkarj.k dk iathdj.k] flok; tgka daiuh dk “ks;jksa ij xzg.kkf/kdkj gS] fdlh Hkh vk/kkj ij pkgs tks
Hkh gks daiuh ds izfr varj.kdrkZ ds vdsys ;k fdlh@fdUgha vU; O;fä@O;fä;ksa ds lkFk la;qä :i ls _.kh gksus
ds vk/kkj ij budkj ugha fd;k tk,xkA gLrkarj.k pkgs ftl Hkh ykWV esa gks euk ugha fd;k tk,xkA
19. vuqPNsn 58 esa uhps fn, x, vuqlkj la'kks/ku fd;k x;k gS%
bu çLrqfr;ksaesa dqN dk Hkh ;Fkk la”kksf/kr bl vf/kfu;e ds çko/kkuksa] bu vuqPNsnksa vkSj çfrHkwfr vuqca/k ¼fofue;½
¼LVkWd ,Dlpsat vkSj fDy;fjax dkiksZjs”ku½ fofu;e] 2012 ds v/khu fdUgha Hkh 'ks;jksa dk iathdj.k euk djus dh
daiuh dh 'kfä;ksa ij çfrdwy ugha çHkko gksxkA
20. vuqPNsn 64 esa uhps fn, x, vuqlkj la'kks/ku fd;k x;k gS%
vke cSBd esa daiuh ds izLrko dh eatwjh ds lkFk funs'kd fdUgha Hkh pqdrk 'ks;jksa dks LVkWd esa ifjofrZr dj ldrs
gSa vkSj fdlh Hkh ewY;oxZ ds pqdrk 'ks;jksa esa lHkh ;k fdlh Hkh LVkWd dks ifjofrZr dj ldrs gSaA dksbZ Hkh 'ks;j
LVkWd esa ifjofrZr dj fn, tkus ij bl izdkj ds LVkWd ds dbZ /kkjd mlds ckn ls viuk lacaf/kr fgr mlesa ;k
mlh rjhds ls vkSj mUgha fofu;eksa ds v/khu bl izdkj ds fgr dk dksbZ Hkkx gLrkarfjr dj ldrs gSa vkSj ftlds
v/khu daiuh dh iwath esa iwjh rjg ls pqdrk 'ks;j gLrkarfjr ;k ;Fkk mlds fudV fd, tk ldrs gSa tSlk fd
ifjfLFkfr;ka Lohdkj djsaA
21. vuqPNsn 67 esa uhps fn, x, vuqlkj la'kks/ku fd;k x;k gS%
tgka fdlh Hkh le; cksMZ ;k daiuh ds lnL;] tSlh Hkh fLFkfr gks ldrh gS] vkxs vkSj 'ks;jksa ds fuxZeu}kjk
lnL;rk iwath c<+kus ds fy, çLrko dj ldrs gSa rc ,sls 'ks;jksa dh bl vf/kfu;e dh /kkjk 62 vkSj mlds varxZr
cuk, x, fu;eksa ds izko/kkuksa ds v/khu is'kd'k dh tk,xhA
22. vuqPNsn 67¼v½¼i½ esa uhps fn, x, vuqlkj la'kks/ku fd;k x;k gS%
¼,½¼i½ ,sls O;fä;ksa dks tks izLrko dh frfFk dks uhps ¼ii½ ls ¼iv½ esa mYyf[kr 'krksaZ ds v/khu çLrko dk i= Hkst
dj mu 'ks;jksa ij pqdrk 'ks;j iwath ds yxHkx mrus vuqikr esa ftruk ifjfLFkfr;ka Lohdkj djrh gS daiuh ds
bfDoVh 'ks;jksa ds /kkjd gSa%&
23. vuqPNsn 67¼,½¼ii½ esa uhps fn, x, vuqlkj la”kks/ku fd;k x;k gS vkSj 67 ¼1½,¼ii½ ds :Ik esa iquZla[;kafadr fd;k
x;k gS%
mi;qZDr çLrko izLrko fd, x, 'ks;jksa dh la[;k fufnZ"V djus okyh vkSj izLrko dh frfFk ls iaæg fnu ls de
ugha vkSj rhl fnu ls vf/kd ugha le; ij lhfer djus okyh lwpuk }kjk fd, tk,axs] ftlds Hkhrj ;fn izLrko
Lohdkj ugha fd;k tkrk gS]rks euk dj fn;k x;k le>k tk,xk(
24. vuqPNsn 67,¼iv½ esa uhps fn, x, vuqlkj la”kks/ku fd;k x;k gS vkSj 67¼1½,¼iv½ ds :Ik esa iquZla[;kafdr fd;k x;k
gS%
iwoksZä lwpuk esa fu/kkZfjr le; dh lekfIr ds ckn ;k ftl O;fDr dks bl izdkj dh lwpuk nh xbZ gS mlls iwoZ
lwpuk feyus ij fd og O;fä izLrko fd, x, “ks;j vLohdkj djrk gS] funs'kd eaMy mudk ,sls <ax ls fuiVku
dj ldrs gSa fd tks 'ks;j/kkjdksa vkSj daiuh ds fy, gkfudj u gks(
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THE GAZETTE OF INDIA, JUNE 17, 2017 (JYAISTHA 27, 1939)
[PART IV
25. vuqPNsn 67¼ch½ esa uhps fn, x, vuqlkj la”kks/ku fd;k x;k gS vkSj 67¼2½ ds :Ik esa iquZla[;kafdr fd;k x;k gS%
/kkjk ¼1½¼,½ dh mi/kkjk ¼iii½ esa dqN Hkh dks ugha le>k tk,xk% &
¼i½
le; dk foLrkj djus okyk ftlds Hkhrj çLrko Lohdkj fd;k tkuk pkfg,( ;k
¼ii½ bl vk/kkj ij nwljh ckj ifjR;kx ds vf/kdkj dk ç;ksx djus ds fy, fdlh Hkh O;fä dks vf/k—r djus
okyk fd og O;fä ftlds i{k esa igyh ckj ifjR;kx fd;k x;k Fkk us ifjR;kx esa le>kSrk fd, x, ”ks;jksa
dks ysus ls euk dj fn;k gSA
26. vuqPNsn 71¼,½ esa uhps fn, x, vuqlkj la”kks/ku fd;k x;k gS%
daiuh vke cSBd esa lk/kkj.k ladYi }kjk vius Kkiu dh 'krksaZ esa bl izdkj cnyko dj ldrh gS% &
¼v½ vius ekStwnk 'ks;jksa dh rqyuk esa cM+h jkf'k ds 'ks;jksa esa viuh lkjk ;k dksbZ “ks;j iwath lesfdr vkSj
foHkkftr djuk( c'krsZ fd dksbZ Hkh lesdu vkSj foHkktu ftldk ifj.kke 'ks;j/kkjdksa ds ernku çfr'kr esa
ifjorZu gksrk gS] rc rd ugha çHkkoh gksxk tc rd fu/kkZfjr rjhds ls fd, x, vkosnu ij jk"Vªh; daiuh
dkuwu U;k;kf/kdj.k }kjk bls eatwjh ugha nh tkrh gSA
27. vuqPNsn 76 esa uhps fn, x, vuqlkj la”kks/ku fd;k x;k gS%
dksbZ Hkh ca/ki=] _.ki=] _.ki= LV‚d ;k vU; _.k çfrHkwfr;ka NwV] izhfe;e ;k vU;Fkk ij fuxZfer dh tk
ldrh gSa vkSj bl 'krZ ij fuxZfer dh tk ldrh gSa fd os fdlh Hkh ewY;oxZ ds 'ks;jksa esa vkSj@;k foekspu]
leiZ.k] vkgj.k] “ks;jksa ds vkoaVu] daiuh dh vke cSBd esa Hkkx ysus] funs'kdksa dh fu;qfä vkSj vU;Fkk ds laca/k esa
fdlh fo'ks"k fo'ks"kkf/kdkj ds lkFk ifjorZuh; gksaxs] dsoy fo'ks"k izLrko }kjk vke cSBd esa daiuh dh lgefr ls gh
'ks;jksa esa :ikarj.k ds vf/kdkj ds lkFk _.ki= tkjh fd, tk,axs ;k “ks;jksa dk vkoaVu tkjh fd;k tk,xkA
28. vuqPNsn 80¼ch½ esa uhps fn, x, vuqlkj la”kks/ku fd;k x;k gS%
izR;sd okf"kZd vke cSBd ml fnu dks tks jk’Vªh; vodk'k ugha gksxk O;kikfjd ?kaVkas ds nkSjku ;kuh 9 cts lqcg ls
ysdj 6 cts “kke ds chp ds le; ds fy, cqykbZ tk,xh] vkSj ;k rks daiuh ds iath—r dk;kZy; esa ;k 'kgj ds
Hkhrj dqN vU; LFkkuksa ij tgka iath—r dk;kZy; fLFkr gS vk;ksftr dh tk,xh vkSj cSBd cqykus okyh lwpuk bls
okf"kZd vke cSBd ds :i esa fufnZ"V djsxhA
29. vuqPNsn 82¼,Q½ esa uhps fn, x, vuqlkj la”kks/ku fd;k x;k gS%
;fn cksMZ] fdlh Hkh izdj.k ds laca/k esa oS/k vuqjks/k tek gksus dh frfFk ls bDdhl fnuksa ds Hkhrj] vuqjks/k ds tek
gksus ls iSarkfyl fnuksa ls ckn ugha fnu dks mu izdj.kksa ds fopkj.k ds fy, cSBd cqykus ds fy, fof/kor vkxs ugha
c<+rk gS rks] vuqjks/k dh frfFk ls rhu eghus dh vof/k ds Hkhrj vuqjks/kdrkZvksa }kjk cSBd cqykbZ vkSj vk;ksftr dh
tk ldrh gS tks ;k rks mu lHkh ds }kjk /kkfjr pqdrk 'ks;j iwath ds ewY; esa cgqer dk ;k daiuh dh ,slh pqdrk
'ks;j iwath ds nlosa Hkkx ls de ugha tSlkfd /kkjk ¼Mh½ esa lanfHkZr gS tks Hkh de gks] dk çfrfuf/kRo djrs gSaA
gkykafd] bl /kkjk ds ç;kstu ds fy, cksMZ cSBd dh fLFkfr esa ftlesa çLrko fo'ks"k izLrko ds :i esa j[ks tkus gsrq
izLrkfor gSa] bldh ,slh lwpuk nsxk tSlk fd bl vf/kfu;e }kjk visf{kr gS(
30. vuqPNsn 83¼ch½ esa uhps fn, x, vuqlkj la”kks/ku fd;k x;k gS%
/kkjk ¼,½ esa fufnZ"V vof/k dh rqyuk esa laf{kIr lwpuk nsdj vke cSBd cqykbZ tk ldrh gS ;fn ,slh cSBd esa
ernku djus ds fy, gdnkj iapkucs çfr'kr lnL;ksa ls de ugha }kjk fyf[kr :i esa ;k bysDVª‚fud eksM ls
bldh lgefr nh tkrh gS(
c'krsZ fd tgka daiuh dk dksbZ Hkh lnL; cSBd esa yk, tkus okys dsoy dqN gh izLrkoksa ij u fd nwljksa ij
ernku djus dk gdnkj gSa] mu lnL;ksa dk iwoZ izLrko ;k çLrkoksa ds laca/k esa u fd vojkSDr ds laca/k esa bl
mi/kkjk ds ç;kstuksa ds fy, /;ku j[k tk,xkA
31. vuqPNsn 84¼ch½ esa uhps fn, x, vuqlkj la”kks/ku fd;k x;k gS%
daiuh dh izR;sd cSBd dh lwpuk nh tk,xh
¼i½
daiuh ds izR;sd lnL;] fdlh Hkh e`rd lnL; ds dkuwuh çfrfuf/k ;k fnokfy;k lnL; ds leuqnsf'krh dks
¼ii½ daiuh ds izR;sd funs'kd dks]
¼iii½ daiuh ds fdlh Hkh lnL; ;k lnL;ksa ds ekeys esa bl vf/kfu;e dh /kkjk 20 }kjk vf/k—r fdlh Hkh rjhds
ls daiuh ds rRle; ys[kk ijh{kd ;k ys[kk ijh{kdksa dks(
PART IV]
THE GAZETTE OF INDIA, JUNE 17, 2017 (JYAISTHA 27, 1939)
1275
32. vuqPNsn 85¼,½¼i½ esa uhps fn, x, vuqlkj la”kks/ku fd;k x;k gS%
okf"kZd vke cSBd ds ekeys esa fuEuksDr ls lacaf/kr dkjZokbZ;ksa ds viokn ds lkFk cSBd esa laO;ogkj dh tkus okyh
lHkh dkjZokbZ;ka fo'ks"k le>h tk,axh%
foÙkh; fooj.k vkSj funs'kd eaMy vkSj ys[kk ijh{kdksa ds izfrosnu dk fopkj.k(
33. vuqPNsn 85¼lh½ esa uhps fn, vuqlkj la”kks/ku fd;k x;k gS%
tgka cSBd esa laO;ogkj dh tkus okyh lHkh dkjZokbZ dh dksbZ Hkh en mijksäkuqlkj fo'ks"k ekuh tkrh gS] ogk¡ cSBd
dh lwpuk ls mlesa izR;sd funs'kd vkSj çca/kd] ;fn dksbZ gks] izR;sd vU; çeq[k çca/kdh; dehZ vkSj bl izdkj ds
funs'kd ds fj'rsnkj] çca/kd vkSj çeq[k çca/kdh; dehZ ds fo'ks"k :i ls laca/k ;k fgr dh ç—fr lfgr dkjZokbZ dh
bl izdkj dh çR;sd en ls lacaf/kr lHkh rF; LFkkfir djus] okyk fooj.k layXu gksxkA
c'krsZ fd tgka daiuh dh cSBd esa laO;ogkj dh tkus okyh mijksäkuqlkj fo'ks"k dkjZokbZ dh dksbZ Hkh en fdlh
vU; daiuh ls lacaf/kr gS] ;k izHkkfor djrh gS] ogka daiuh ds izR;sd funs'kd çca/kd] ;fn dksbZ gks] vkSj izR;sd
vU; çeq[k çca/kdh; dehZ dk mDr nwljh daiuh esa 'ks;j/kkfjrk fgr dh gn dks Hkh fooj.k esa fu/kkZfjr fd;k
tk,xk ;fn bl izdkj ds 'ks;j/kkfjrk dh gn mDr nwljh daiuh dh pqdrk iwath ds nks çfr'kr ls de ugha gSA
34. vuqPNsn 87 esa uhps fn, x, vuqlkj la”kks/ku fd;k x;k gS%
¼1½ tgka bl vf/kfu;e esa ;k bu çLrqfr;ksa esa fufgr fdlh Hkh çko/kku }kjk] fdlh Hkh çLrko dh fo'ks"k lwpuk
visf{kr gS] izLrko ykus ds bjkns dh lwpuk ml cSBd ftlesa bls yk;k tkuk gS] ml fnu ftl fnu
lwpuknh tkrh gS ;k nh xbZ le>h tkrh gS vkSj cSBd ds fnu dks NksM+dj] ls rhu eghus igys ugha] ysfdu
de ls de pkSng fnu igys lnL;ksa dh ,slh la[;k }kjk daiuh dks nh tk,xh tSlk fd bl vf/kfu;e ds
varxZr fu/kkZfjr gSA
¼2½ daiuh }kjk bl izdkj dk dksbZ izLrko yk, tkus ds bjkns dh lwpuk çkIr fd, tkus ds rqjar ckn daiuh
vius lnL;ksa dks mlh rjhds ls izLrko dh lwpuk nsxh tSls og cSBd dh lwpuk nsrh gS] ;k ;fn ;g lk/;
ugha gS] rks cSBd ls lkr fnu ls de ugha igys ;k rks bl vf/kfu;e ds varxZr fu/kkZfjr rjhds ls ;k bu
çLrqfr;ksa }kjk vuqer fdlh vU; fo/kk ls lekpkj i= esa foKkiu }kjk mUgsa bldh lwpuk nsxh vkSj bl
izdkj dh lwpuk osclkbV ij Hkh Mkyh tk,xhA
35. vuqPNsn 88 esa uhps fn, vuqlkj la”kks/ku fd;k x;k gS%
bl vf/kfu;e dh /kkjk 103 ds çko/kkuksa ds v/khu] O;fäxr :i ls mifLFkr ikap lnL; vke cSBd ds fy, dksje
gkasxs vkSj rc rd fdlh Hkh vke cSBd esa dksbZ dk;Zokgh ugha dh tk,xh tc rd fd dkjZokbZ ds çkjaHk esa visf{kr
dksje]tSlkfd bl vf/kfu;e esa izko/kku fd;k x;k gS] mifLFkr ugha gksxkA
36. vuqPNsn 91 esa uhps fn, vuqlkj la”kks/ku fd;k x;k gS%
;fn vke cSBd ds vk;kstu ds fy, fu;r le; ds ckn vk/ks ?kaVs ds Hkhrj dksje mifLFkr ugha gksrk gS rks cSBd
;fn 'ks;j/kkjdksa dh ek¡x ij 'kq: dh xbZ% Hkax dj nh tk,xh vkSj fdlh Hkh vU; ekeys esavxys lIrkg mlh fnu
ds fy,( mlh le; vkSj LFkku ij ;k bl izdkj ds nwljs fnu ds fy, vkSj ,sls le; vkSj LFkkuksa ij tSlkfd
funs'kd fu/kkZfjr dj ldrs gSa LFkfxr cuh jgsxhA ;fn ,slh LFkfxr cSBd esa Hkh dksje cSBd vk;ksftr djus ds
fy, fu;r le; ls vk/ks ?kaVs ds Hkhrj mifLFkr ugha gksrk gS rks mifLFkr lnL; dksje gkasxs vkSj og dk;Zokgh dj
ldrs gSa ftlds fy, cSBd cqykbZ xbZ FkhA gkykafd] LFkfxr cSBd ;k fnu] le; ;k cSBd dh txg ds ifjorZu ds
ekeys esa daiuh;k rks O;fäxr :i ls ;k bl <ax ls lekpkj i= esa foKkiu çdkf'kr djds tSlk fd bl
vf/kfu;e ds varxZr fu/kkZfjr gS lnL;ksa dks rhu fnuksa ls de ugha dh lwpuk nsxhA
37. vuqPNsn 93 esa uhps fn, vuqlkj la”kks/ku fd;k x;k gS%
fdlh Hkh vke cSBd esa cSBd ds ernku ds fy, j[kk x;k çLrko gkFk fn[kkdj fu.khZr gksxk] tc rd fd blds
vkxs of.kZr rjhds ls ernku ¼gkFk fn[kkus ij ifj.kke dh ?kks"k.kk ls igys ;k ij½ dh ekax ugha dh tkrh gS ;k
ernku bysDVª‚fud :i ls ugha lapkfyr fd;k tkrk gS] vkSj tc rd bl izdkj ds ernku dh ekax ugha dh
tkrh gS] v/;{k }kjk ?kks"k.kk fd izLrko] gkFkksa ds izn”kZu ij] lapkfyr fd;k x;k gS ;k loZlEefr ls ;k fo'ks"k
cgqer ls lapkfyr fd;k x;k] ;k fxj x;k gS vkSj daiuh dh dk;Zokgh dh fdrkc esa mDr çHkko ds fy,
çfof’Vbl rF; ;k bl izdkj ds çLrko ds fo:) fu.kkZ;d lk{; gksxhA
38. vuqPNsn 94¼,½¼ii½ esa uhps fn, x, vuqlkj la”kksf/kr fd;k x;k gS%
ftl ij ikap yk[k #i;s ls de ugha dh dqy jkf'k pqdrk dh xbZ gSA
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THE GAZETTE OF INDIA, JUNE 17, 2017 (JYAISTHA 27, 1939)
[PART IV
39. vuqPNsn 97¼,½ esa uhps fn, x, vuqlkj la”kksf/kr fd;k x;k gS%
tgka ernku fy;k tkuk gS] cSBd dk v/;{k bl <ax ls ernku esa fn, x, erksa dh tkap djus ds fy, vkSj ml
ij mls izfrosnu nsus ds fy, nks tkapdrkZ fu;qä djsxk tSlkfd bl vf/kfu;e ds varxZr fu/kkZfjr fd;k x;k gSA
40. vuqPNsn 103 esa uhps fn, x, vuqlkj la”kksf/kr fd;k x;k gS%
dksbZ Hkh lnL; daiuh ls bl fufeÙk mlds }kjk vuqjks/k fd, tkus ds lkr dk;Zfnolksa ds Hkhrj bl izdkj ds
izHkkjksa ij tSlkfd bl vf/kfu;e ds varxZr fu/kkZfjr fd;k tk ldrk gS mi;ZqDr fdlh Hkh fooj.k dh çfr çLrqr
fd, tkus ds fy, gdnkj gksxkA
41. vuqPNsn 116 esa uhps fn, x, vuqlkj la”kks/ku fd;k x;k gS%
tc rd daiuh ds lnL;ksa dh lekU; oSBd }kjk vU;Fkk ugha fu/kkZfjr fd;k tkrk gS] funs”kdksa dh la[;k yksdfgr
funs”kdksa] “ks;j/kkjd funs”kdksa ¼deZpkjh fun”kdksa lfgr½ vkSj izca/k funs”kd dks “kkfey djrs gq, rhu ls de vkSj
ckjg ls vf/kd ugha gksxh vkSj funs”kdksa dh la[;k fo”ks’k izLrko ikfjr djus ds ckn ianzg ls ijs c<+kbZ tk ldrh
gSA
42. vuqPNsn 116, esa uhps fn, x, vuqlkj la”kks/ku fd;k x;k gS%
bu vuqPNsnksa esa fufgr ckrksa ds foijhr dqN gksrs gq, Hkh ykxw lhek rd Hkkjrh; çfrHkwfr ,oa fofue; cksMZ
¼lwphc)rk nkf;RovkSj çdVhdj.k vis{kk,a½ fofu;e] 2015 ds dqN çko/kkuksa lfgr cksMZ dh lajpuk] funs'kdksa] eq[;
dk;Zdkjh vf/kdkjh dh fu;qfä ds rjhds ls lacaf/kr lkekU; vis{kkvksa] vkpkj lafgrk vkSj daiuh ds 'kklu ls
lacaf/kr vU; vkuq"kafxd vkSj ikfj.kkfed ekeyksa ds laca/k esa le;≤ ij lsch }kjk tkjh fd, x, vkSj@;k
fu;eksa esa izko/kku fd, x, funsZ”kksa dk ikyu fd;k tk,xkA
43. vuqPNsn 120 esa uhps fn, x, vuqlkj la”kks/ku fd;k x;k gS%
¼i½
bl vf/kfu;e dh /kkjk 161ds v/khu] funs'kd eaMy Hkkjr ftlesa cksMZ dh cSBdsa vkerkSj ij vk;ksftr dh
tkrh gS ls rhu eghus ls de ugha dh vof/k ds fy, funs”kd dh vuqifLFkfr ds nkSjku mlds lq>ko ij ;k
vU;Fkk funs'kd ¼blds vkxs ls bl vuqPNsn esa ^ewy funs'kd* dgk tk,xk½ ds fy, dk;Z djus ds fy,
oSdfYid funs'kd fu;qä dj ldrk gSA
¼ii½ /kkjk ¼,½ ds varxZr fu;qä oSdfYid funs'kd ml ewy funs'kd ds fy, vuqer vof/k dh rqyuk esa yach
vof/k ds fy, in /kkj.k ugha djsxk ftldh txg ij mls fu;qä fd;k x;k gS vkSj in NksM+ nsxk ;fn vkSj
tc Hkh ewy funs'kd Hkkjr ykSVsxkA
¼iii½ ;fn ewy funs'kd dk dk;Zdky mlds Hkkjr esa bl izdkj okil ykSVus ls igys fu/kkZfjr fd;k x;k gS rks
,d vkSj fu;qfä ds pwd esa vodk'k xzg.k djus okys funs'kdksa dh Lor% iqufuZ;qfä ds fy, dksbZ Hkh çko/kku
ewy funs”kd u fd oSdfYid funs'kd ds fy, ykxw gksxkA
44. vuqPNsn 127¼1½ esa uhps fn, x, vuqlkj la”kks/ku fd;k x;k gS%
bl vf/kfu;e dh /kkjk 164 ds çko/kku ds v/khu] funs'kd dk in [kkyh gks tk,xk ;fn%
¼v½ og vLoLFk fpRr dk gS vkSj l{ke {ks=kf/kdkj dh vnkyr }kjk ,slk ?kksf"kr cuk gqvk gS(
¼c½ mlus fnokfy;k Bgjk, tkus ds fy, vkosnu fd;k gS vkSj mldk vkosnu yafcr gS( ;k
¼l½ og vuqUeksfpr fnokfy;k gS] ;k
¼x½ mls fdlh Hkh vijk/k dk vnkyr us nks"kh Bgjk;k gS]pkgs uSfrd v/kerk ;kvU;Fkk 'kkfey gksa( vkSj blds
laca/k esa Ng eghus ls de ugha ds dkjkokl ls nf.Mr fd;k x;k gSvkSj ltk dh lekfIr dh frfFk ls ikap
lky dh vof/k ugha chrh gS(;k
¼d½ vnkyr ;k U;k;kf/kdj.k }kjk funs”kd ds :Ik esa fu;qfä ds fy, mls v;ksX; Bgjkus okyk vkns”kikfjr
fd;k x;k gS vkSj izo`Rr gS(
¼[k½ mlus pkgs vdsys ;k la;qä :i ls nwljksa ds lkFk vius }kjk /kkfjr daiuh ds 'ks;jksa ds laca/k esa fdlh Hkh
ekax dk Hkqxrku ugha fd;k gS] vkSj bl izdkj dh ekax ds Hkqxrku ds fy, fuf”pr vafre frfFk ls Ng eghus
chr x, gaSA
¼x½ mls fiNys ikap iwoZorhZ o"kksaZ ds nkSjku fdlh Hkh le; bl vf/kfu;e dh /kkjk 188 ds varxZr lacaf/kr i{k
laO;ogkj ls lacaf/kr vijk/k dk nks"kh Bgjk;k x;k gS( ;k
¼?k½ mlus bl vf/kfu;e dh /kkjk 152 dh mi/kkjk ¼3½ dk ikyu ugha fd;k gSA
PART IV]
THE GAZETTE OF INDIA, JUNE 17, 2017 (JYAISTHA 27, 1939)
1277
45. vuqPNsn 127¼2½ esa uhps fn, x, vuqlkj la”kks/ku fd;k x;k gS%
mi&vuqPNsn ¼vkbZ½ dh /kkjk¼Mh½]¼bZ½ vkSj ¼th½esa fufgr fdlh ckr ds gksrs gq, Hkhmu /kkjkvksa esa lanfHkZr v;ksX;rk
çHkkoh ugha gksxh%
¼v½ nks’kflf) ;k v;ksX;rk ds vkns'k dh frfFkls rhl fnuksa ds fy,(
¼c½ ¼c½ tgka n.M ;k vkns'k es ifj.kr gkus okys;k nks’kflf) ds fo:) mijksDrkuqlkjrhl fnuksa ds Hkhrj dksbZ
vihy ;k ;kfpdk vf/kekfur dh tkrh gSA ml frfFk ls lkr fnu dh lekfIr rd ftl frfFk dks ,slh
vihy ;k ;kfpdk dk fuiVkjk fd;k tkrk gS( ;k
¼l½ tgka lkr fnuksa ds Hkhrj vkns'k ;k n.M ds fo:) iqu% vihy ;k ;kfpdk vf/kefur dh tkrh gS] ,slh iqu%
vihy ;k ;kfpdk dk fuiVkjk gksus rdA
46. vuqPNsn 128¼lh½¼ii½ esa uhps fn, x, vuqlkj la”kks/ku fd;k x;k gS%
,slk dksbZ Hkh lkekU; uksfVl ml for o’kZ ds var esa lekIr gks tk,xk ftlesa mls fn;k x;k gS] ysfdu izR;sd
fofRr; o’kZ esa vk;ksftr cksMZ dh cSBd esa u;k uksfVl nsdj ,d for o’kZ dh vfrfjDr vof/k ds fy, uohd`r
fd;k tk ldrk gSA
47. vuqPNsn 137¼1½ esa uhps fn, x, vuqlkj la”kks/ku fd;k x;k gS%
dksbZ Hkh O;fä] vodk'k xzg.k djus okys funs'kd ugha] fdlh Hkh vke cSBd esa funs'kd ds in ds fy, pquko ds
fy, ik= ugh gksaxk] tc rd fd mlus ;k mls çLrkfor djus ds fy, bPNqd dqN vU; lnL;ksa us cSBd ls de
ls de pkSng fnu igys funs”kd ds in ds fy, viuh mEehnokjh;k,d yk[k #i;s dh jkf'k dh tek ds lkFk
mDr in ds fy, mEehnokj ds :i esa mls çLrkfor djus okys ,sls lnL; dk bjknkn”kkZus okyh lwpuk viuh
gLrfyfi esa dk;kZy; esa NksM+ ugha fn;k gSftls ,sls O;fä dks ;k tSlh fLFkfr gks ldrh gS ,sls lnL; dks okil
ykSVk fn;k tk,xk] ;fn og O;fä funs'kd ds :i esa fuokZfpr gksus esa lQy gksrk gSA
48. vuqPNsn 137¼2½ esa uhps fn, x, vuqlkj la”kks/ku fd;k x;k gS%
daiuh cSBd ls lkr fnuksa ls de ugha igyslnL;ksa dks vyx&vyx lwpuk nsus ds fy,funs'kd ds inds fy,
O;fä dh mEehnokjh dh ;k mDr in ds fy, mEehnokj ds :i esa ,sls O;fä dk çLrko djus okys lnL; ds
bjkns dh vius lnL;ksa dks lwpuk nsxhA c'krsZ fd mijksäkuqlkj lnL;ksa dks vyx&vyx lwpuk nsuk daiuh ds
fy, vko';d ugha gksxk ;fn daiuh ml LFkku ij tgka daiuh dk iath—r dk;kZy; fLFkr gS] forfjr gksus okys
de ls de nks lekpkj i=ksa esa] ftuesa ls ,d vaxzsth Hkk"kk esa vkSj nwljk ml txg dh LFkkuh; Hkk"kk esa çdkf'kr
gksrk gS cSBd ls lkr fnuksa ls de ugha igys bl izdkj dh mEehnokjh ;k bjkns dk foKkiu nsrh gSA
49. vuqPNsn 140 esa uhps fn, x, vuqlkj la”kks/ku fd;k x;k gS%
funs”kd e.Mydk;Zokgh ds lapkyuds fy,cSBd dj ldrk gS] viuh cSBdsa vkSj dk;Zokfg;ka LFkfxr ;k vU;Fkk
fofu;fer dj ldrk gSa]tSlk os mfpr le>sa] gkykafd c”krsZ fd izfro’kZ funs”kd e.My dh bl <ax ls bl rjg
dh U;qure pkj cSBds gksaxh fd cksMZ dh yxkrkj nks cSBdks ds chp 120 ¼,d lkS chl½ ls vf/kd ugha fnuksa dk
varj ugh gksxkA
50. vuqPNsn 142 esa uhps fn, x, vuqlkj la”kks/ku fd;k x;k gS%
dEiuh ds cksMZ dh izR;sd cSBd dk uksfVl dEiuh ds ikl ntZ mlds irs ij lkr fnu ls de ugha dk
uksfVlnsdj fyf[kr esa fn;k tk,xkA
51. vuqPNsn 145 esa uhps fn, x, vuqlkj la”kks/ku fd;k x;k gS%
dEiuh ds funs”kdksa dh cSBd ds fy, dksje mldh dqy lnL; la[;k dk ,d frgkbZ gksxk ¼mDr ,d frgkbZ esa
fufgr dksbZ Hkh fHkUukRed la[;k jkmaM vkWQ djds ,d ekuh tk,xk½ ;k nks funs”kd gksaxs] tks Hkh vf/kd gks] vkSj
fofM;ks dkWUÝsfalax ;k vU; n`”;&JO; ek/;eksa }kjk funs”kdksa dh Hkkxhnkjh dks Hkh dksje ds iz;kstu ds fy, fxuk
tk,xk] c”krsZ fd tc fdlh Hkh cSBd esa :ph ysus okys funs”kdksa dh la[;k dqy la[;k ds nks frgkbZ ls vf/kd ;k
cjkcjgksxh rks ,sls fLFkfr esa :fp u j[kus okys funs”kd tks nks ls de ugha la[;k esa cSBd esa mifLFkr gksaxs ,sls
le; ds nkSjku dksje gksaxs] vkSj c”krsZ fd tc funs”kd ds lkFk ;k fdlh QeZ ds lkFk ftldk funs”kd lnL; gS
;k fdlh futh dEiuh ds lkFk ftldk fuEuksDr ds fy, funs”kd lnL; gS] dEiuh }kjk ;k dEiuh dh vksj ls
dksbZ vuqca/k ;k O;oLFkk dh tk,xk] rks mi;qZDr ijarq ykxw ugha gksxkA
d½ dEiuh ds “ks;jksa ;k _.ki=ksa dk chekadu ;k lClfØI”ku( ;k
[k½ fdlh vU; dEiuh ds “ks;jksa ;k _.ki=ksa dh [kjhn ;k fcØh( ;k
1278
THE GAZETTE OF INDIA, JUNE 17, 2017 (JYAISTHA 27, 1939)
[PART IV
x½
dEiuh }kjk _.kA
bl vuqPNsn ds iz;kstu ds fy, %&
¼i½
ßdqy la[;kÞ ls vk”k; funs”kdksa dh dqy la[;k ls ,sls funs”kdksa dh la[;k ?kVkus ds ckn ftudk
LFkku rRle; fjDr gks ldrk gS bl vf/kfu;e ds vuqlkj ;Fkk fu/kkZfjr dEiuh ds funs”kdksa dh dqy
la[;k ls gSA
¼ii½ ß:fp ysus okys funs”kdksaÞ ls vk”k; bl vuqPNsn ds fy, /kkjk 184¼2½ ds vFkkZ/khu funs”kd ls gSA
52. vuqPNsn 146¼,½ esa uhps fn, x, vuqlkj la”kks/ku fd, x, gSa%
;fn dksje ds vHkko esa cksMZ dh cSBd ugha vk;ksftr gks ldrh gS] rks tc rd fd izR;sd cSBd esa mifLFkr
funs”kd vU;Fkk fu.kZ; ugha djrs gSa rks cSBd Lor% mlh le; vkSj LFkku ij vxys lIrkg mlh fnurd vkSj ;fn
ml fnu jk’Vªh; vodk”k gS rks mlh le; vkSj LFkku ij dzfed :i ls vxys fnu rd LFkfxr cuh jgsxh ftl
fnu jk’Vªh; vodk”k ugha gksxkA
53. vuqPNsn 150 esa uhps fn, x, vuqlkj la”kks/ku fd;k x;k gS%
dksbZ Hkh izLrko ifji= }kjk cksMZ }kjk ;k mldh lfefr }kjk rc rd fof/kor ikfjr fd;k x;k ugha ekuk tk,xk
tc rd fdog izLrko vfuok;Z nLrkostksa ds lkFk] ;fn dksbZ gks] izk:i ds :i esa Hkkjr esa rRle; ekStwnlHkh
funs”kdksa ;k lfefr ds lHkh lnL;ksa dks ¼la[;k esa de u gksa ftruk cksMZ ;k lfefr dh cSBd ds fy, dksje fu;r
gS tSlh Hkh fLFkfr gks½ vkSj vU; lHkh funs”kdksa ;k lnL;ksa dks Hkkjr esa muds lkekU; irs ij Hkstk ugha tkrk gS ;k
,sls funs”kdksa }kjk tks ml le; Hkkjr esa ekStwn gksa ;k muesa ls ,sls cgqer }kjk vuqeksfnr u fd;k x;k gks tks
izLrko ij ernku djus ds gdnkj gSaA tgka rRle; ekStwn dEiuh ds funs”kdksa dh dqy la[;k ds ,d frgkbZ ls
de ugha ;g pkgrk gS fd ifji=ds varxZr dksbZ Hkh izLrko cSBd esa r; fd;k tk,] rks ,slh fLFkfr esa v/;{k
izLrko dks cksMZ dh cSBd esa fu.khZr fd, tkus gsrq j[ksxkA
54. vuqPNsn 153 esa uhps fn, x, vuqlkj la”kks/ku fd;k x;k gS%
funs”kd bl vf/kfu;e dh /kkjk92] 170] 184] 185]188 ds izko/kkuksa dk ikyu djsaxs tks ykxw lhek rdokf’kZd vk;]
funs”kdksa vkSj eq[; izca/kdh; deZpkfj;ksa ds jftLVj vkSj mudh “ks;j/kkfjrk] funs”kdksa }kjk fgr dh ?kks’k.kk]
funs”kdksa dks fn, x, _.kksa vkfn vkSj lacaf/kr i{k ysunsuksa ls lacaf/kr gSaA
55. vuqPNsn 155 esa uhps fn, x, vuqlkj la”kks/ku fd;k x;k gS%
cksMZbl vf/kfu;e dh /kkjk 179¼3½ vkSj mlds varxZr cuk, x, fu;eksa esa lfEefyr ekeyksa ds laca/k esa “kfDr;ksa dk
iz;ksx dsoy viuh cSBdksa esa ikfjr fd, x, izLrko ds ek/;e ls djsxkA
c”krsZ fd cksMZ cSBd esa ikfjr fd, x, izLrko }kjk ,slh “krksZa ij tSlkfd cksMZ fu/kkZfjr dj ldrk gS bl
vf/kfu;edh/kkjk 179¼3½¼Mh½ ls ¼,Q½ esa fofufnZ’V “kfDr;ka dEiuh ds funs”kdksa dh fdlh Hkh lfefr] izca/k funs”kd]
izca/kd ;k fdlh vU; iz/kku vf/kdkjh ;k “kk[kk dk;kZy; ds ekeys esa “kk[kk dk;kZy; ds iz/kku vf/kdkjh dks lkSai
ldrk gSA
56. vuqPNsn 156 esa uhps fn, x, vuqlkj la”kks/ku fd;k x;k gS%
cksMZ fo”ks’k izLrko }kjklkekU; cSBdksa esa dsoydEiuh dh lgefr ls fuEufyf[kr “kfDr;ksa dk iz;ksx djsxk%
¼v½ dEiuh dk lEiw.kZ ;k yxHkx laiw.kZ miØe cspus] iV+Vs ij nsus ;k vU;Fkk fuiVkjk djus ds fy,];k tgka
dEiuh laiw.kZ ds ,d ls vf/kd miØe ;k yxHkx ,sls fdlh lEiw.kZ midze dh Lokeh gS
¼c½ funs”kd dh vksj ls ns; fdlh Hkh _.k ds iquZHkqxrku ds fy, NwV nsus ;kle; nsus dsfy,
¼l½ foy; ;k lekesyu ds ifj.kkeLo:Ik daiuh }kjk izkIr {kfriwfrZ dh jkf”k VªLV izfrHkwfr;ksa ls fHkUu esa fuos”k
djus ds fy,]
¼x½ /kujkf”km/kkj ysus ds fy,tgka m/kkj yh tkus okyh /kujkf”k dEiuh }kjk igys ls m/kkj yh xbZ /kujkf”k
¼O;kikj ds lkekU; dze esa dEiuh ds cSadlZa ls vLFkk;h :i ls izkIr _.kksa ds vfrfjDr½ ds lkFk feydj
dEiuh dh dqy pqdrk iwath vkSj mldh Lora= vkjf{kr iwath ls vf/kd gksxh(
¼d½ ;fn fdlh Hkh foRrh; o’kZ esa dksbZ Hkh jkf”k ftldk ldy ;ksx rhurRdky dzekxr foRrh; o’kksZads fy,]daiuh
ds vkSlr “kq) ykHk lsikap izfr”kr vf/kd gksrk gS rks /kekZFkZ vkSj vU; fuf/k;ksasa esa vka”knku djus ds fy,A
57. vuqPNsn 159 esa uhps fn, x, vuqlkj la”kks/ku fd;k x;k gS%
cksMZ dEiuh ds mn~ns”; ds fy, ,d lkekU; eqgj miyC/k djk,xk vkSj mlds ikl le;≤ ij bls u’V djus
vkSj blds LFkku ij ubZ eqgj izfrLFkkfir djus dh “kfDr gksxh] vkSj cksMZ rRle; ekStwn eqgj dh lqjf{kr vfHkj{kk
iznku djsxk vkSj dsoy cksMZ ;k funs”kd lfefr ds izkf/kdkj ls ;k ds varxZr ,d funs”kd ;k lfpo ;k fdlh
PART IV]
THE GAZETTE OF INDIA, JUNE 17, 2017 (JYAISTHA 27, 1939)
1279
vU; O;fDr dh mifLFkfr esa ftls blds fy, de ls de izkf/kÑr fd;k tk ldrk gSds vykokbl eqgj dk iz;ksx
ugha fd;k tk,xk] tks ml izR;sd nLrkost ij gLrk{kj djsxk ftl ij eqgj yxh gksxh c”krsZ fd “ks;j izek.ki=ksa
ij ,sls O;fDr ds gLrk{kj gksaxs tSlk fd le;≤ ij ykxw ;Fkk la”kksf/krdEiuh¼”ks;j iwath vkSj _.ki=½
fu;ekoyh] 2014 esa izko/kku gksxkA vxj vf/kfu;e esa vU;Fkk izko/kku ugha fd;k x;k gS] rks dEiuh ds lR;kiudh
ekax djus okyk nLrkost ;k dk;Zokgh ij funs”kd] ;k lfpo ;k cksMZ }kjk bl laca/k esa izkf/kÑr fdlh vU;
vf/kdkjh }kjk gLrk{kj fd;k tk ldrk gSa bls mldh eqgj dh t:jr ugha gSA
58. vuqPNsn 175 esa uhps fn, x, vuqlkj la”kks/ku fd;k x;k gS%
bl vf/kfu;e dh /kkjk 128 ds vuqlkj cksMZ¼v½ dEiuh }kjk izkIr dh xbZ] O;; dh xbZ lHkh /kujkf”k;ksa vkSj os
ekeys ftuds laca/k esa bl izdkj dh izkfIr vkSj O;; gksrk gS( ¼c½ dEiuh }kjk oLrqvksa vkSj lsokvksa dh lHkh fcfØ;ksa
vkSj [kjhn vkSj ¼l½ dEiuh dh ifjlEifRr;ka] lk[k vkSj nsunkfj;ksads laca/k esavkSj lkekU;r% vius lHkh okf.kfT;d]
foRrh; vkSj vU; ekeyksa dhmfpr [kkrkcfg;ka j[kok,xk] tks dEiuh dh lgh foRrh; fLFkfr vkSj n”kk n”kkZus ds
fy, vko”;d gSa] vkSj [kkrs vaxzsth Hkk’kk esa vkSj bl vf/kfu;e dh /kkjk 128esa fd, x, izko/kku ds vuqlkj j[ks
tk,axs] vkSj [kkrkcfg;ka vf/kfu;eds izko/kkuksa ds vuqikyuk/khu iathÑr dk;kZy; esa ;k Hkkjr esa ,sls LFkku ;k
LFkkuksa ij j[khtk,axhtSlkfd cksMZ mfpr le>s ¼tgka bl izdkj dk fu.kZ; fy;k tkrk gS] rks dEiuh blds lkr
fnuksa ds vanj fyf[kr esa mDr nwljs LFkku dk iwjk irk nsusokyh lwpuk jftLVªkj ds ikl nkf[ky djsxh½ vkSj
O;kikfjd ?k.Vksa ds nkSjku fdUgha Hkh funs”kdksa }kjk tkap fd, tkus gsrq miyC/k jgsaxhA
59. vuqPNsn 177 esa uhps fn, x, vuqlkj la”kks/ku fd;k x;k gS%
ßizR;sd okf’kZd lkekU; cSBd esa izLrqr fd, tkus okys fofRR; fooj.k vkSj izfrosnuÞ
dEiuh dh izR;sd okf’kZd cSBd esa dEiuh dk cksMZ ,slh cSBd ds le{k foRrh; o’kZ ds fy, foRrh; fooj.k j[ksxk
tSlkfd bl vf/kfu;e /kkjk 134}kjk visf{kr gS dEiuh dh fLFkfr vkSj n”kk ds laca/k esa funs”kdksa dk izfrosnu
¼mlds lkFk layXufd, tkus gsrq½ Hkh layXu gksxkA
60. vuqPNsn 178 esa uhps fn, x, vuqlkj la”kks/ku fd;k x;k gS%
foRrh; fooj.k dk Lo:i vkSj fo’k;oLrq
178- dEiuh dk izR;sdfoRrh; fooj.k dEiuh ds ekeyksa dh okLrfod vkSj Li’V fLFkfr n”kkZ,xk vkSj bl
vf/kfu;e dh /kkjk129 vkSj 133 ds izko/kkuksa ds v/khubl vf/kfu;e dh vuqlwph IIIds Hkkx Øe”k% I vkSj II
esa fu/kkZfjr Lo:i esa gksxk] ;k ifjfLFkfr;ksa ds vuqlkj blds vf/kdre leku gksxkA
61. vuqPNsn 179 esa uhps fn, x, vuqlkj la”kks/ku fd;k x;k gS%
lnL;ksa dks Hksth tkus okys foRrh; fooj.k vkSj vU; nLrkostksa(mudh izfr;ksa dk lR;kiu
179- ¼i½
dEiuh dkfoRrh; fooj.k dEiuh ds v/;{k tgka mls cksMZ izkf/kÑr fd;k x;k gS }kjk ;k nks funs”kdksa
ftuesa ls ,d funs”kd izca/kfuns”kd vkSj eq[; dk;Zdkjh vf/kdkjh gksxk] ;fn og dEiuh esa funs”kd gS]
vkSj daiuh dseq[; fofRr; vf/kdkjh vkSj dEiuh lfpo] pkgs tgka Hkh os fu;qDr gksaxs }kjkgLrk{kfjr
gksxkAbl vuqPNsn ds izko/kkuksa ds vuqlkj cksMZ dh vksj lsgLrk{kfjr gksusvkSj izfrosnu ds
fy,ys[kkijh{kd ds le{k izLrqr fd, tkus ls igysfoRrh; fooj.k cksMZ }kjk eatwj fd;k tk,xkA
ys[kkijh{kd dk izfrosnufoRrh; fooj.k ds lkFk layXu fd;k tk,xk ;k foRrh; fooj.k ds uhps i`’B
ij izfrosnu ds lanHkZ ds :i esa Mkyk tk,xkA
¼ii½ ys[kkijh{kd ds izfrosnu dh izfr ds lkFk bl izdkj ds foRrh; fooj.kdh izfr cSBd] ftlesa bl
vf/kfu;e dh /kkjk101 ds izko/kkuksa ds v/khu dEiuh ds lnL;ksa ds lEeq[k bls j[kk tkuk gS] ls de
ls de bDdhl fnu igys dEiuh ds izR;sd lnL; dks] dEiuh }kjk tkjh fdlh Hkh _.ki= /kkjd ds
fy, izR;sd U;klh dks] pkgs bl izdkj ds lnL; ;k fu{ksi/kkjh mUgsa Hksth tkus okyh dEiuh dh
lkekU; cSBd dh lwpukvksas ds vf/kdkjh gks ;k ugha] vkSj ,sls lnL;ksa vkSj U;kfl;ksasa ls fHkUu mu lHkh
vU; O;fDr;ksasa dks Hksth tk,xh tks bl izdkj gdnkj O;fDr gSa vkSj bldh ,d izfr mDr cSBd ls
igys de ls de bDdhl fnu dh vof/k ds nkSjku dk;kZy; esa dEiuh ds lnL;ksa }kjk fujh{k.k ds
fy, miyC/k djkbZ tk,xhA
62. vuqPNsn 180 esa uhps fn, x, vuqlkj la”kks/ku fd;k x;k gS%
nkf[ky dh tkus okyh foRrh; fooj.k vkSj ys[kkijh{kd ds izfrosnu dh izfr;ka
lkekU; cSBd esa dEiuh ds le{k foRrh; fooj.k j[ks tkus ds ckn izca/kd ;k lfpo }kjk /kkjk 134 ds izko/kkuksa ds
vuqlkj] tSlk fd bl vf/kfu;e dh /kkjk 137 }kjk visf{kr gS gLrk{kfjr mldh izfr;ka bl vf/kfu;e dh /kkjk 92
dh vis{kkvksa ds vuqlkj vko”;d fjVuZ ds lkFk bl vf/kfu;e dh /kkjk 137 esa fofufnZ’V le;kof/k ds Hkhrj
dEiuh jftLVªkj ds ikl nkf[ky dh tk,axhA
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THE GAZETTE OF INDIA, JUNE 17, 2017 (JYAISTHA 27, 1939)
[PART IV
63. vuqPNsn 181 esa uhps fn, x, vuqlkj la”kks/ku fd;k x;k gS%
o’kZ esa de ls de ,d ckj dEiuh ds [kkrksa dk rqyu vkSj ys[kkifj{k.k fd;k tk,xk vkSj foRrh; fooj.kksa dh
“kq)rk ,d ;k vf/kd ys[kkijh{kdksa }kjk lqfuf”pr dh tk,xhA
64. vuqPNsn 184 esa uhps fn, x, vuqlkj la”kks/ku fd;k x;k gS%
¼1½ dEiuh ds izR;sd ys[kkijh{kd dks dEiuh dh cfg;ksa vkSj [kkrksa vkSj okmplZ dksgj le; ns[kus dk vf/kdkj
gksxk vkSj dEiuh ds funs”kdksa vkSj vf/kdkfj;ksa ls ,slh tkudkjh ,oa Li’Vhdj.k ekaxus dk vf/kdkj gksxk
tSlkfd ys[kkijh{kd ds drZO;ksa ds fuoZgu ds fy, vko”;d gks vkSj ys[kkijh{kd vius }kjk ijhf{kr [kkrksa
vkSj mu lHkh foRrh; fooj.kksa ij “ks;j/kkjdksa dks izfrosnu nsaxs ftUgsa bl vf/kfu;e }kjk vkSj ds varxZr
lkekU; cSBd esa dEiuh ds le{k j[kuk visf{kr gS] vkSj izfrosnu ;g crk,xk fd D;k mudh jk; esa vkSj
muds loksZRre Kku ds vuqlkjmDr [kkrs daiuh ds foRr o’kZ ds var esa dEiuh ds ekeyksa vkSj ykHk vkSj
gkfu vkSj o’kZ ds fy, udnh izokg vkSj ,sls vU; ekeyksa dh] tSlkfd fu/kkZfjr fd;k tk ldrk gS]lgh vkSj
fu’i{k rLohj nsrs gaSA
¼2½ ys[kkijh{kdksa dk izfrosnu bl vf/kfu;e dh /kkjk 143 ds varxZr fu/kkZfjr ekeyksa dk fooj.k Hkh nsxkA
65. vuqPNsn 185 esa uhps fn, x, vuqlkj la”kks/ku fd;k x;k gS%
dEiuh dh lkekU; cSBd dh lHkh lwpuk,a vkSj ds laca/k esa vU; lEizs’k.k ftUgsa izkIr djus dk daiuh dk dksbZ Hkh
lnL; gdnkj gS] dEiuh ds ys[kkijh{kdksa dks Hkh vxzsf’kr fd;k tk,xk vkSj ys[kkijh{kd ;k rks Lo;a ls ;k
viusvf/kÑr izfrfuf/k tks ys[kkijh{kd gksus dh ;ksX;rk j[krkk gksxk] ds ek/;e ls fdlh Hkh lkekU; cSBd esa Hkkx
ysus vkSj lkeU; cSB ftlesa os Hkkx ysaxs ;k dkjZokbZ dk dksbZ Hkh Hkkx tks muls ys[kkijh{kd ds :i esa lacaf/kr
gksxk esa lqus tkus ds vf/kdkjh gkasxsA
66. vuqPNsn 187 esa uhps fn, x, vuqlkj la”kks/ku fd;k x;k gS%
nLrkost ¼ftlesa dksbZ Hkh cqykok] uksfVl] vf/k;kpu] vkns”k] ?kks’k.kk] izi= vkSj jftLVj “kkfey gSa½ fdlh Hkh
lnL; dks mls Mkd }kjk ;k iathÑr Mkd }kjk ;k LihM iksLV }kjk ;k dwfj;j }kjk Hkstdj ;k mlds
dk;kZy; ;k irs ij lqiqnZ djds] ;k bySDVªkWfud fo/kk ;k fdlh vU; fo/kk }kjk Hkstdj igqapk;k tk ldrk
gStSlkfd bl vf/kfu;e ds varxZr fu/kkZfjr gSA
¼2½ uksfVl ;qDr i= Hksts tkus ds ckn vM+rkyhl ?k.Vs dh lekfIr ij cSBd ds uksfVl ds ekeys esa] vkSj fdlh
vU; ekeys esa ml le; bl izdkj dh lsok izHkkoh gksuk ekuh tk,xh ftl le; i= lk/kkj.k Mkd izfdz;k
ds ek/;e ls igqap x;k gksrkA lnL; fdlh fo”ks’k fo/kk ds ek/;e ls nLrkost Hkstus dk vujks/k dj ldrk
gS] ftlds fy, og ,sls “kqYd dk Hkqxrku djsxk tSlkfd vf/kfu;e ds vuqlkj fu/kkZfjr fd;k tk ldrk gSA
67. vuqPNsn 189 esa uhps fn, x, vuqlkj la”kks/ku fd;k x;k gS%
izR;sd lkekU; cSBd dk uksfVl blesas igys vf/kd`r <ax ls fuEufyf[kr dks fn;k tk,xk ¼v½ dEiuh ds izR;sd
lnL; dks ¼ftuesa “ks;j vf/ki= ds /kkjd “kkfey gSa½] ¼c½ fdlh Hkh fnoaxr lnL; ds dkuwuh izfrfuf/k ;k
fnokfy;k lnL; ds vkoafVrh ¼l½ dEiuh ds ys[kkijh{kd ;k ys[kkijh{kdksa vkSj lkFk gh ¼n½ dEiuh ds izR;sd
funs”kd dksA
68. vuqPNsn 194 eas uhps fn, x, vuqlkj la”kks/ku fd;k x;k gS%
¼1½ bl vf/kfu;e ds izko/kkuksa ds vuqlkj dEiuh dk rRle; funs”kd e.My] izca/k funs”kd] izca/kd] lfpo vkSj
vU; vf/kdkjh ;k vU; deZpkjh] ys[kkijh{kd vkSj U;klh] ;fn dksbZ gS] tks ml le; dEiuh ds fdlh Hkh
ekeys ds laca/k esa dk;Z dj jgs gksaxs vkSj muesa ls izR;sd vkSj muds mRrjkf/kdkfj;ksa esa ls izR;sd] dk;Zdkjh
vf/kdkjh vkSj iz”kkld lHkh dk;Zokfg;ksa] ykxrksa] izHkkjksasa] gkfu;ksa] {kfr;ksa vkSj O;;kas ls vkSj ds fo:) dEiuh
dh ifjlEifRr;ksa vkSj ykHkksa ls {kfriwfjr vkSj vgkfudj j[ksa tk,axs ftls mUgsa ;k muesa ls fdlh dks] muds
mRrjkf/kdkfj;ksa] dk;Zdkjh vf/kdkfj;ksa ;k iz”kkldksa dks vius lacaf/kr inksa vkSj U;klksasa esa vius drZO; ;k ekus
x, drZO; ds fu’iknu esa ;k ds laca/k esa fd, x,] leorhZ ;k foyksfir fdlh dk;Z ls ;k fdlh dkj.ko”k
ogu djuk ;k laHkkyuk iM+sxk ;k iM+ ldrk gSa]s flok;] ,slk] ;fn dksbZ gks] tSlk fd mUgsa viuh Lo;a dh
tkucw>dj ykijokgh ;k pwd ds ek/;e ls ;k }kjk ogu djuk ;k laHkkyuk iM+sxkA
¼2½ tgka rd bl vuqPNsn ds izko/kku bl vf/kfu;e esa “kkfey ugha fd, tk,axs dks NksM+dj] muesa ls dksbZ Hkh
vU; yksxksa ;k muls fHkUu yksxksa ds dk;ksZa] izkfIr;ksa] ykijokfg;ksa ;k pwdksa ds fy,] ;k vuqikyu ds fy, fdlh
Hkh izkfIr esa Hkkx ysus ds fy,] ;k fdlh Hkh ,sls cSadj ;k vU; O;fDr;ksa ds fnokfy,iu ds fy, tokcnsg ugha
gksxk] ftuds ikl dEiuh ls lacaf/kr dksbZ Hkh /kujkf”k ;k laifRr lqjf{kr vfHkj{kk ds fy, lkSaih ;k tek
djkbZ tk,xh ;k tk ldrh gS] ;k fdlh Hkh izfrHkwfr dh vi;kZIrrk ;k deh ds fy, ftl ij dEiuh ls
PART IV]
THE GAZETTE OF INDIA, JUNE 17, 2017 (JYAISTHA 27, 1939)
1281
lacaf/kr dksbZ Hkh /kujkf”k fdlh Hkh vU; gkfu] nqHkkZX; ;k {kfr ds fy, j[kh tk,xh ;k fuos”k dh tk,xh tks
muds lacaf/kr inksasa ;k U;klksasa ;k muds laca/k esa fu’iknu esa gks ldrh gSa] flok; fd tc ,slk mudh
tkucw>dj ykijokgh ;k pwd ls ;k ds ek/;e ls gksxkA
¼3½ bl vf/kfu;e ds izko/kkuksa ds vuqlkj dEiuh dk dksbZ Hkh funs”kd ;k vU; vf/kdkjh fdlh nwljs funs”kd ;k
vf/kdkjh ds dk;ksZa] izkfIr;ksa] ykijokgh ;k pwd ds fy, ;k dEiuh ds fy, ;k dEiuh dh vksj ls funs”kd ds
vkns”k }kjk vf/kxzghr fdlh lEifRr ds gd esa vi;kZIrrk ;k deh ds ek/;e ls daiuh dks gksus okyh fdlh
Hkh gkfu ;k O;; ds fy, ;k fdlh Hkh ,slh izfrHkwfr dh vi;kZIrrk ;k deh ds fy, ftlesa ;k ftlds vk/kkj
ij dEiuh dh dksbZ Hkh /kujkf”k fuos”k dh tk,xh] ;k fdlh ,sls O;fDr ds fnokfy,iu] vuqekspu ;k
diViw.kZ dk;Z ls gksus okyh gkfu {kfr ds fy, ftlds ikl dksbZ Hkh /kujkf”k] izfrHkwfr;ka ;k laifRr tek
djkbZ tk,xha] ;k mldh vksj ls fu.kZ; ;k fujh{k.k dh fdlh Hkh =qfV ls gksus okyh gkfu ;k fdlh vU; gkfu
;k {kfr] pkgs tks Hkh gks] ds fy, mRrjnk;h ugha gksxk tks vius in ds drZO;ksa ;k mlds laca/k esa drZO;ksZa ds
fu’iknu esa ?kfVr gkasxh] tc rd fd ,slk mldh Lo;a dh ykijokgh ;k csbZekuh ds dkj.k u gqvk gksA
¼4½ vf/kfu;e ds izko/kkuksa ¼/kkjk 196 vkSj vuqlwph V ds lkFk ifBr /kkjk 197 lfgr½ vkSj mlds varxZr cuk,
x, fu;eksa ds v/khu ;fn dEiuh us vius izca/k funs”kd] iw.kZ&dkfyd funs”kd] izca/kd] eq[; dk;Zdkjh
vf/kdkjh] eq[; fofRr; vf/kdkjh ;k dEiuh lfpo dh vksj ls fdlh dh Hkh ykijokgh] pwd] izkf/kdkj ds
xyr iz;ksx] dk;Z esa dksrkgh ;k fo”okl rksM+us ds laca/k esa fdlh Hkh nsunkjh ds fo:) muesa ls fdlh dh
Hkh {kfriwfrZ djus ds fy, chek izkIr fd;k gS ftlds fy, os ,sls fdlh Hkh dehZ dks ns; ikfjJfedksa ds Hkkx
ds :Ik esa O;ogkj djus ds lc/k esa nks’kh gks ldrs gSaA c”krsZ fd ;fn bl izdkj dk O;fDr vijk/kh fl) gks
tkrk gS] rks bl izdkj ds ches ij Hkqxrku fd, x, izhfe;e dks ikfjJfed dk fgLlk ekuk tk,xkA
III.
vuqPNsnksa ds izfrLFkkiu ds vuqlkj ifjorZu
1.
orZeku vuqPNsn 17 dks fuEufyf[kr vuqPNsn }kjk izfrLFkkfir fd;k x;k gS %
ßtSlk fd dkuwu }kjk visf{kr gS dks NksM+dj dEiuh }kjk fdlh Hkh O;fDr dks fdlh Hkh VªLV ij fdlh Hkh “ks;j
dks /kkj.k djus okys ds :i esa ekU;rk iznku ugha dh tk,xh] vkSj daiuh fdlh Hkh “ks;j esa fdlh Hkh lerk ;ksX;]
vkdfLed] Hkkoh ;k vkaf”kd fgr] “ks;j ds vkaf”kd Hkkx esa fdlh Hkh fgr] ;k ¼dsoy tSlk fd bu fofu;euksa }kjk
;k dkuwu }kjk vU;Fkk izko/kku fd;k tkrk gS dks NksM+dj½ fdlh Hkh “ks;j ds laca/k esa flok; iathÑr /kkjd esa
mldh lEiw.kZrk esa iw.kZ vf/kdkj ds vU; vf/kdkjksa dks ekU;rk iznku djus ds fy, fdlh Hkh rjg ls ¼pkgs bldk
uksfVl izkIr gqvk gS½] ck/; ugha gksxh ;k dks foo”k ugha fd;k tk,xkAÞ
2.
orZeku vuqPNsn 138¼,½ dks fuEufyf[kr vuqPNsn }kjk izfrLFkkfir fd;k x;k gS%
ßvuqPNsn 116,,] izfrHkwfr vuqca/k ¼fofu;eu½ ¼LVkWd ,Dlpsat ,oa Dyh;fjax dkWiksZjs”kUl½ fofu;e] 2012 ds izko/kkuksa
;k mlesa fdlh Hkh ifjorZu vkSj bl vf/kfu;e dh /kkjk 169¼1½ ds izko/kkuksa ds v/khu daiuh] lk/kkj.k izLrko }kjk
ftldk bl vf/kfu;e dh /kkjk 169¼2½ ds vuqlkj fo”ks’k uksfVl fn;k x;k gS fdlh Hkh funs”kd dks mldh inkof/k
lekIr gksus ls igys gVk ldrh gS vkSj lk/kkj.k izLrko }kjk ftldk fo”ks’k uksfVl fn;k x;k gS] gVk, x,
funs”kd ds LFkku ij fdlh nwljs O;fDr dks fu;qDr dj ldrh gSA bl izdkj ls fu;qDr funs”kd ml frfFk rd
in /kkj.k djsxk tc rd fd gVk;k x;k funs”kd djrk ;fn mls bl izdkj ugha gVk;k tkrkA ;fn bl vuqPNsn
ds izko/kkuksa ds varxZr funs”kd dks gVkus ij l`ftr fjDrh cSBd }kjk bl izdkj ugha Hkjh tkrh gS ftl ij ls
mls gVk;k x;k gS] cksMZ fdlh Hkh le; mlds ckn bu vuqPNsnksasa ds izko/kkuksa ds varxZr bl izdkj dh fjDrh Hkj
ldrk gSAÞ
3.
orZeku vuqPNsn 169 dks fuEufyf[kr vuqPNsn }kjk izfrLFkkfir fd;k x;k gS %
ß”ks;jksa ds varj.k dk ykHkka”k yafcr iathdj.k dk vf/kdkj
169- tgka “ks;jksa ds varj.k dk foys[k iathdj.k ds fy, daiuh ds ikl Hkst fn;k x;k gS vkSj bl izdkj ds “ks;jksa
dk varj.k dEiuh }kjk iathd`r ugha fd;k x;k gS] bu vuqPNsnksa esa vU;Fkk izko/kku gksus ds ckotwn ;g bl izdkj
ds “ks;jksa ds laca/k esa xSj pqdrk YkkHkka”k [kkrs esa ykHkka”k varfjr gksxk tc rd fd dEiuh bl izdkj ds foys[k esa
fufnZ’V varfjrh dks bl izdkj ds ykHkka”k dk Hkqxrku djus ds fy, bl izdkj ds “ks;j ds iathÑr /kkjd }kjk
fyf[kr esa vf/kÑr ugha dh tkrh gSAÞ
4.
orZeku vuqPNsn 171 dks fuEufyf[kr vuqPNsn }kjk izfrLFkkfir fd;k x;k gS %
171 “ks;jksa ds laca/k esa udn esa ns; fdlh Hkh ykHkka”k] C;kt ;k vU; /kujkf”k;kas dk Hkqxrku bySDVªksfud fo/kk ls ;k
/kkjd ds iathÑr irs ij ;k la;qDr /kkjdksa ds ekeys esa la;qDr /kkjdksa esa ls ml ,d /kkjd ds iathd`r irs ij
ftldk uke lnL;ksa ds jftLVj esa igys ntZ gS] ;k ,sls yksxksa dks vkSj ,sls yksxksa ds irs ij funsZf”kr Mkd ds
ek/;e ls psd ;k okjaV Hkstdj fd;k tk ldrk gS] tSlk fd /kkjd ;k la;qDr /kkjd fyf[kr esa funsZ”k nsaA
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THE GAZETTE OF INDIA, JUNE 17, 2017 (JYAISTHA 27, 1939)
[PART IV
5.
orZeku vuqPNsn 172 dks fuEufyf[kr vuqPNsn }kjk izfrLFkkfir fd, tkus gsrq izLrkfor gS %
ßdEiuh ds izfr fdlh Hkh ykHkka”k ij dksbZ Hkh C;kt ugha gksxkA
172 ¼1½ tgka dEiuh us ykHkka”k dh ?kks’k.kk dh gS ysfdu ftldk Hkqxrku ugha fd;k x;k gS ;k mlds laca/k esa
ykHkka”k okjaV fdlh ,sls “ks;j/kkjd dks ?kks’k.kk dh frfFk ls 30 ¼rhl½ fnuksa ds vanj ugha Hkstk x;k gS tks ykHkka”k
ds Hkqxrku dk vf/kdkjh gS] dEiuh mDr 30 ¼rhl½ fnuksa dh vof/k dh lekfIr dh frfFk ls 7 ¼lkr½ fnuksa ds vanj
fdlh Hkh vuqlwfpr cSad esa bl laca/k esa ßuS”kuy flD;ksfjVht fDy;fjax dkiksZjs”ku fyfeVsM* dk Hkqxrku jfgr
ykHkka”k [kkrkÞ uked ,d fo”ks’k [kkrk [kksysxh vkSj mDr [kkrs esa ykHkka”k dh dqy jkf”k tks Hkqxrkujfgr cuh jgrh
gS ;k ftlds laca/k esa dksbZ ykHkka”k okjaV ugha Hkstk x;k gS]a LFkkukarfjr djsxhA
¼2½ dEiuh vf/kfu;e] 2013 dh /kkjk 124 ¼5½ ds izko/kkuksa ds v/khu] dEiuh ds Hkqxrku jfgr ykHkka”k [kkrs esa
LFkkukarfjr dksbZ Hkh /kujkf”k tks ,sls varj.k dh frfFk ls lkr o’kksaZ rd Hkqxrku jfgr ;k nkok jfgr cuh jgrh gS]
dEiuh }kjk fuos”kd f”k{kk ,oa lqj{kk fuf/k ¼^^fuf/k**½ esa varfjr dj nh tk,xhA
¼3½ dkuwu }kjk nkok izfrcaf/kr gksus ls igys dEiuh }kjk dksbZ Hkh nkok jfgr ;k Hkqxrku jfgr ykHkka”k tCr ugha
fd;k tk,xk] c”krsZ fd ekU;rk izkIr LVkWd ,Dlpsat vLFkk;h :i ls ,slh dEiuh dh izfrHkwfr;ksa dk ysu nsu
Lohdkj dj ldrk gS tks iwoZxkeh vis{kkvksa dks iwjk djus ds fy, viuh vxyh lkekU; cSBd esa vius varfuZ;eksa esa
la”kks/ku djus dk mRrjnkf;Ro ysrh gS vkSj bl chp bl /kkjk ds izko/kkuksa ds vuqlkj dk;Z djus ds fy, lger
gksrh gSA lHkh Hkqxrku jfgr vkSj nkok jfgr ykHkka”kksa dk fuiVkjk daiuh vf/kfu;e] 2013 dh /kkjk 125 vkSj blds
varxZr cuk, x, fu;eksa ds vuqlkj fd;k tk,xkA
¼4½ dEiuh iathÑr irs ij ;k lnL; }kjk igys ls gh dk;kZy; dks fn, x, irs ij ykHkka”kksa ds laca/k esa Mkd ls
Hksts x,] pkgs vuqjks/k ij ;k vU;Fkk fdlh Hkh psd] ykHkka”k okjaV ;k iksLVy vkWMZj ds [kks tkus ds fy, ;k ykHkka”k
ds vf/kdkjh lnL; ;k O;fDr dks dksbZ ykHkka”k fdlh psd ;k okjaV ds tkyh leFkZu ;k fdlh vU; lk/kuksa }kjk
mldh tkylkth Hkjh olwyh ds dkj.k u feyus ij mRrjnk;h ugha gksxhAÞ
6.
orZeku vuqPNsn 174 dks fuEufyf[kr vuqPNsn }kjk izfrLFkkfir fd;k x;k gS %
174¼,½ dEiuh cksMZ dh flQkfj”k ij lkekU; cSBd esa fu.kZ; dj ldrh gS &
¼i½
fd dEiuh ds fdlh Hkh vkjf{kr [kkrs dh tek ds izfr] ;k ykHk vkSj gkfu [kkrs esa tek ds izfr
ml le; cdk;k ;k vU;Fkk forj.k ds fy, miyC/k jkf”k dk dksbZ fgLlk iwathd`r djuk okafNr
gS( vkSj
¼ii½ fd bl izdkj dh jkf”k ,sls lnL;ksa ds chp forfjr djus ds fy, uhps /kkjk ¼ch½ esa fu/kkZfjr <ax ls
eqDr j[kh tk, tks blds vf/kdkjh gksrs ;fn ykHkka”k ds :i esa vkSj mlh vuqikr esa forfjr fd;k
tkrkA
¼ch½
mi;qZDr jkf”k dk Hkqxrku udn ugha fd;k tk,xk cfYd ;k rks fuEufyf[kr esa ;k ds izfr uhps /kkjk ¼3½
esa fufgr izko/kkuksa ds v/khu ykxw gksxk %
¼v½ bl izdkj ds lnL;ksa }kjk /kkfjr fdUgha Hkh “ks;jksa ij ml le; Hkqxrku jfgr jkf”k dk Hkqxrku
djuk (
¼c½ mi;qZDr vuqikr esa ,sls lnL;ksa dks vkSj ds chp iwjh rjg ls pqdrk :i esa vkcafVr vkSj forfjr
fd, tkus okysdEiuh ds tkjh u fd, x, “ks;jksa ;k vU; izfrHkwfr;ksa dk iw.kZ Hkqxrku djuk (
¼l½ va”kr% mi&/kkjk ¼,½ vkSj va”kr% mi&/kkjk ¼ch½ ds izko/kkuksa ds vuqlkj
¼n½ iwjh rjg ls pqdrk cksul “ks;jksa dks tkjh djuk( vkSj
¼lh½
izfrHkwfr izhfe;e [kkrk vkSj iwath “kks/ku fjtoZ [kkrk ;k dksbZ vU; vuqefr izkIr fjtoZ [kkrk bl vuqPNsn
ds iz;kstuksa ds fy, daiuh ds lnL;ksa dks iw.kZ :i ls pqdrk cksul “ks;j ds :i esa tkjh fd, tkus okys
vfuxZfer “ks;jksa dk Hkqxrku djus esa ykxw fd;k tk ldrk gSaA
7.
orZeku vuqPNsn 182 fuEufyf[kr vuqPNsn }kjk izfrLFkkfir fd, tkus gsrq izLrkfor gS %
ßys[kk ijh{kdksa dh fu;qfDr] ;ksX;rk vkSj ikfjJfed
182 oS|kfud ys[kk ijh{kdksa dh fu;qfDr] iqu% fu;qfDr] pØkuqØe] ineqfDr] R;kxi=] ik=rk] “kS{kf.kd ;ksX;rk]
v;ksX;rk] ikfjJfed] “kfDr;ka vkSj drZO; vkfn bl vf/kfu;e ds izko/kkuksa vkSj blds varxZr cuk, x, fu;eksa ds
vuqlkj gksaxsA
PART IV]
THE GAZETTE OF INDIA, JUNE 17, 2017 (JYAISTHA 27, 1939)
1283
IV. fuEufyf[kr vuqPNsnksa dks orZeku vuqPNsnksasa esa tksM+k x;k gSA
1.
¼,½ vuqPNsn 1¼i½ vkSj vuqPNsn 1¼j½ dks varfoZ’V x;k gS %
¼i½ ^^,llhvkj vf/kfu;e** ls vk”k; izfrHkwfr;ka vuqca/k ¼fofu;e½ vf/kfu;e] 1956 ls gksxk vkSj rRle;
izo`Rr bldk dksbZ Hkh lkafof/kd la”kks/ku vkSj iquvf/kfu;eu “kkfey gksxkA
¼j½ ^^lsch vf/kfu;e** ls vk”k; flD;ksfjVht ,aM ,Dlpsat cksMZ vkWQ bafM;k ,DV] 1992 ls gksxk vkSj rRle;
izo`Rr bldk dksbZ Hkh lkafof/kd la”kks/ku vkSj iquvZf/kfu;eu “kkfey gksxkA
¼ch½ mijksDr ds ifj.kkeLo:Ik orZeku vuqPNsn 1¼i½ vkSj vuqPNsn 1¼j½vuqPNsn 1¼k½ vkSj vuqPNsn 1¼l½ ds :Ik esa
iqul±[;kafdr fd, x, gSaA
2.
vuqPNsn 67¼1½¼,½ ds ckn vuqPNsn 67¼1½¼ch½ ds :Ik esa fuEufyf[kr vuqPNsn varfoZ’V fd, x, gSa%
¼ch½ izfrHkwfr vuqca/k ¼fofu;eu½¼LVkWd ,Dlpsat ,oa Dyh;fjax dkWiksZjs”kUl½ fofu;e] 2012 ;k muesa fd, x, fdlh
ifjorZu ds v/khu daiuh }kjk ikfjr fo”ks’k izLrko ds v/khu ;k fu;eksa ;k ,sls vU; “krksaZa ds v/khu tSlk fd
ykxw dkuwu ds varxZr fu/kkZfjr fd;k tk ldrk gS deZpkfj;ksa ds LVkWd fodYi dh fdlh Hkh ;kstuk ds
v/khu deZpkfj;ksa dks] ;k
3.
mijksDr varfoZ’V vuqPNsn 67¼1½¼ch½ ds ckn vuqPNsn 67¼1½¼lh½ ds :Ik esa bl izdkj fuEufyf[kr vuqPNsn varfoZ’V
fd;k x;k gS %
¼lh½ fdlh Hkh O;fDr dks] ;fn ;g fof”k’V izLrko }kjk izkf/kÑr gS] pkgs mu O;fDr;ksa esa mijksDr /kkjk ¼,½ ;k
/kkjk ¼ch½ esa of.kZr O;fDr “kkfey gksa ;k ugha] ;k rks udn ;k udn ls fHkUu foospu ds fy,] ;fn bl izdkj
ds “ks;jksa dh dherksa dk fu/kkZj.k ,slh “krksZa ds v/khu iathÑr ewY;kadudrkZ ds ewY;kadu izfrosnu }kjk fd;k
tkrk gS tSlk fd bl vf/kfu;e vkSj mlds varxZr cuk,x, fu;eks ds varxZr fu/kkZfjr fd;k tk ldrk gSA
4.
iqul±[;kc) vuqPNsn 67¼2½ ds ckn vuqPNsn 67¼3½ ds :Ik esa bl izdkj fuEufyf[kr vuqPNsn varfoZ’V fd, tkus
gsrq izLrkfor gS %
bl vuqPNsn esa dqN Hkh dEiuh }kjk fuxZfer _.ki=ksa ;k fy, x, _.k ls lyaXu fu;e ds :i esa bl izdkj ds
_.ki=ksa ;k _.kksa dks dEiuh esa “ks;jksa ds :i esa cnyus ds fy, ;k dEiuh ds “ks;jksa dk vfHknku djus ds fy,
fodYi dk iz;ksx djus ls dEiuh dh vfHknRr iwath dh o`f) ds izfr ykxw ugha gksxk %
c”krsZ fd bl izdkj ds _.ki=ksa ds fuxZeu ;k bl izdkj ds fodYi ;qDr _.k dh “krksZa dk lkekU; cSBd esa
dEiuh }kjk ikfjr fo”ks’k izLrko }kjk bl izdkj ds _.ki= tkjh djus ;k _.k ysus ls igys vuqeksnu fd;k x;k
gksA
5.
mijksDr varfoZ’V vuqPNsn 67¼3½ ds ckn vuqPNsn 67¼4½ ds :Ik esa bl izdkj fuEufyf[kr vuqPNsn varfoZ’V fd;k
x;k gS %
;gka vuqPNsn 67 ¼3½ esa fufgr fdlh ckr ds gksrs gq, Hkh] tgka dEiuh }kjk dksbZ Hkh _.ki= tkjh fd;k x;k gS]
;k fdlh Hkh ljdkj ls _.k fy;k x;k gS] vkSj ;fn og ljdkj lkoZtfud fgr esa ,slk djuk vko”;d le>rh
gS] rks og vkns”k }kjk funsZ”k ns ldrh gS fd bl izdkj ds _.ki= ;k _.k ;k mudk dksbZ Hkkx ,sls fu;eksa vkSj
“krksZa ij dEiuh ds “ks;jksa esa ifjofrZr fd, tk,a tSlk fd ekeys dh ifjfLFkfr;ksa ds vuqlkj ljdkj dks mfpr ,oa
U;k;laxr izrhr gks] pkgs bl izdkj ds _.ki=ksa ds fuxZeu ;k bl izdkj ds _.kksa ds mnxzg.k dh “krksZa esa bl
izdkj ds ifjorZu djus fodYi miyC/k djkus dk fu;e u “kkfey gks %
c”krsZ fd tgka bl izdkj ds ifjorZu ds fu;e ,oa “krsZa dEiuh dks Lohdk;Z ugha gSa] rks bl izdkj ds vkns”k ds
feyus dh frfFk ls lkB fnuksa ds vanj og jk’Vªh; dEiuh ykW fVªC;wuy esas vihy dj ldrh gS tks dEiuh vkSj
ljdkj dh lquokbZ ds ckn ,slk fu.kZ; ikfjr djsxk] tSlkfd og mfpr le>sA
6.
vuqPNsn 116, ds ckn vuqPNsn 116¼,,½ ds :Ik esa fuEufyf[kr vuqPNsn varfoZ’V fd, x, gSa%
daiuh ds funs”kd eaMy }kjk vxzsf’kr ukeksa ij fopkj djus ds ckn flD;ksfjVh ,aM ,Dlpsat cksMZ vkWQ bafM;k
¼lsch½ le;≤ ij daiuh ds funs”kd eaMy esa ,sls O;fDr;ksa dks ^^yksd fgr funs”kdksa** dh :Ik esa ukfer dj
ldrk gS tks izfrHkwfr cktkj ls lacaf/kr {ks=ksa esa vko”;d O;kolkf;d ;ksX;rk vkSj vuqHko j[kus okys lR;fu’Bk
okys O;fDr;ksa esa ls bl vf/kfu;e ds izko/kkuksa ds vuqlkj Lora= funs”kd gkasxsA gkykafd lsch ds ikl ,sls yksxksa dks
Hkh ukfer djus dk vf/kdkj gksxk ftudk uke daiuh ds funs”kd eaMy }kjk ugha vxzsf’kr fd;k x;k gSA
7.
vuqPNsn 171 ds ckn fuEufyf[kr vuqPNsn varfoZ’V fd, x, gSa%
171¼,½ ,slk izR;sd psd ;k okjaV mlh O;fDr ds vkns”k ij ns; gksxk ftls ;g Hkstk tk,xkA Hkqxrku dh xbZ ;k
Hkqxrku dh tkus okyh /kujkf”k ds gdnkj O;fDr ds tksf[ke ij ,sls fdlh Hkh rjhds ls pkgs tks Hkh gks
Hkqxrku fd;k tk,xkA [kks x, ;k foyfEcr Hkqxrku ds fy, dEiuh mRrjnk;h ugha gksxhA dEiuh dks
1284
THE GAZETTE OF INDIA, JUNE 17, 2017 (JYAISTHA 27, 1939)
[PART IV
bldk Hkqxrku djus okyk vkSj lgh vnk;xh izkIr djus okyk ekuk tk,xk ;fn fdUgha Hkh iwoZxkeh
Lohdk;Z ek/;eksa dk Ikz;ksx dj Hkqxrku fd;k x;k gSA
171¼ch½ “ks;j ds nks ;k nks ls vf/kd la;qDr /kkjdksa esa ls dksbZ ,d /kkjd bl izdkj ds “ks;j ds laca/k esa fdlh
Hkh ykHkka”k] cksul ;k vU; /kujkf”k;kas ds Hkqxrku ds fy, izHkkoh ikorh ns ldrk gSA
8.
vuqPNsn 195 ds ckn fuEufyf[kr vuqPNsn varfoZ’V fd, x, gSa %
lkekU; “kfDr
196 ,- vf/kfu;e esa tgka Hkh ;g izko/kku fd;k x;k gS fd dEiuh ds ikl dksbZ Hkh vf/kdkj] fo”ks’kkkf/kdkj ;k
izkf/kdkj gksxk ;k dEiuh dksbZ Hkh ysu nsu dsoy rHkh dj ldrh gS ;fn dEiuh vius vuPNsnksasa }kjk ,slk djus ds
fy, izkf/kÑr gS] rc vkSj mDr ekeys esa mDr ds i{k esa ablesa izko/kku fd, x, fdlh fof”k’V vuqPNsn ds gksus ds
fcuk ;g vuqPNsn dEiuh dks bl izdkj ds vf/kdkjksa] fo”ks’kkf/kdkjksa ;k izkf/kdkjksa dks j[kus ds fy, vkSj ,sls ysu
nsu djus ds fy, tSlkfd bl vf/kfu;e }kjk vuqefr nh xbZ gS izkf/kÑr djrk vkSj leFkZ cukrk gSA
196 ch- blds vykok tgka vf/kfu;e ;k fu;e cksMZ dks dEiuh ds fy, vkSj dEiuh dh vksj ls dk;Z djus ds fy,
fdlh Hkh “kfDr dk iz;ksx djus ds fy, leFkZ cukrk gS] cksMZ mldk iz;ksx djus dk vf/kdkjh gksxk] pkgs og
“kfDr bl vuqPNsn esa fufgr gks ;k ughaA
196 lh- bu vuqPNsnksasa esa dqN Hkh fojks/kkHkklh gksus ds ckotwn Hkh bl vf/kfu;e ds izko/kku izHkkoh jgsaxsA bu
vuqPNsnksasa esa fufgr dksbZ Hkh izko/kku ml lhek rd vekU; gksaxs tgka rd os vf/kfu;e ds izko/kkuksa ds fo#) gSa]
vkSj bu vuqPNsnksasa esa fufgr vU; izko/kkuksa ij dksbZ Hkh izHkko ugha MkysaxsA
196 Mh- bu vuqPNsnksa ds izko/kkuksa dks ;Fkkla”kksf/kr izfrHkwfr vuqca/k ¼fofu;eu½ ¼LVkWd ,Dlpsat vkSj Dyh;fjax
dkWiksZjs”kUl½ fofu;e] 2012 vkSj le;≤ ij Hkkjrh; izfrHkwfr ,oa fofue; cksMZ }kjk fuxZfer vU; fu;eksa]
fofu;eksa] ifji=ksasa] vf/klwpukvksa] vkns”kksa ;k funsZ”kksa ds lkFk i<+k tk+uk pkfg, ¼izR;sd ml lhek rd tgka rd og
ykxw gksrk gS½A
V.
vuqPNsn 160 ¼fons”kksa esa eksgj½] 183 ¼ys[kkijh{kdksa dk ikfjJfed½] 186 ¼fu.kkZ;d gksus ds fy, ys[kk ijhf{kr vkSj
vuqeksfnr gksus ij [kkrs flok; 3 eghus ds Hkhrj [kksth xbZ =qfV;ksa ds½ vkSj 188 ¼lnL;ksa dks uksfVl ftudk dksbZ
iathd`r irk ugha gS½ foyksfir fd, tkus gsrq çLrkfor gaSA
us”kuy flD;ksfjVht fDy;fjax dkWiksZjs”ku fyfeVsM ds fy,
vkj- t;dqekj
daiuh lfpo
fVIi.kh % fgUnh ikB esa fHkUurk dh fLFkfr vaxszth ikB vfHkHkkoh gksxkA
&&&&&&&&&&
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
Liquidator
PART 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 due
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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.
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THE GAZETTE OF INDIA, JUNE 17, 2017 (JYAISTHA 27, 1939)
1287
2.1.22
“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.
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THE GAZETTE OF INDIA, JUNE 17, 2017 (JYAISTHA 27, 1939)
[PART IV
2.1.41
“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)
1289
3.
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 of
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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;
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t.
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 to 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).
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5.2.4
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, the
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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 the
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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;
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h.
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 form and manner prescribed
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.
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7.7
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 the
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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.
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7.9.8
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.
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b.
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 the 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,
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[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, other
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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 Clearing
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[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 a
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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 through 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 ;
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[PART IV
f.
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.
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8.3.10
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.
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8.3.18 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
NARENDRA KUMAR AHLAWAT
Place: Mumbai
Director
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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.
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[PART IV
Explanation: 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.
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2.1.18
“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.
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2.1.35
“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.
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2.1.49
“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 to
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[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.
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2.1.86
“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.
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3.2
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 among
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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);
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p.
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.
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5.4.3
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;
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d.
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;
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b. 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, jurisdiction, terms, conditions and scale or slabs of
arbitration fees and other charges for reference to arbitration, places where arbitration proceedings
may be facilitated;
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b.
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 a
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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.
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8.1.2
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 on its
own 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, the
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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 the
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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 Deals/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 through
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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.
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8.7.3.3 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.
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8.8.7
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.
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8.8.11
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 receiving
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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 remittance 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 one or mor e c le ar 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;
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10.11.2 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.
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11.2
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.
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11.9
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,
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1333
g.
an application, in 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 known to the Clearing Member to be wrong or false or has
become false in any material respect;
i.
the Clearing Member or 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 within 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 opinion of the 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:
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[PART IV
a.
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 an 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.
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1335
o. 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 defaulter
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[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.
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13. 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.
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b. 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.
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1339
13.4.3
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
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[PART IV
14.1.1.2
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
NARENDRA KUMAR AHLAWAT
Place: Mumbai
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.
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1341
Pursuant 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 option
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[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]
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1343
9.
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,
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[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.
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22.
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.
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31.
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 a
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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.
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45.
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.
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(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 the
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[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.
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64.
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,
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[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”).
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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 of
1354
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)
1355
196C 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.
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UPLOADED BY DIRECTORATE OF PRINTING AT GOVERNMENT OF INDIA PRESS, N.I.T.
FARIDABAD AND E-PUBLISHED BY THE CONTROLLER OF PUBLICATIONS, DELHI, 2017
www.dop.nic.in
DOPGIPF—[PART IV]
BANSHI DHAR DUBEY
Digitally signed by BANSHI DHAR
DUBEY
Date: 2017.06.17 12:54:14 +05'30'