LawgistThe Securities and Exchange Board of India Act
3Establishment and incorporation of Board
(1) With effect from such date as the Central Government may, by notification, appoint, there shall be established, for the purposes of this Act, a Board by the name of the Securities and Exchange Board of India.
(2) The Board shall be a body corporate by the name aforesaid, having perpetual succession and a common seal, with power subject to the provisions of this Act, to acquire, hold and dispose of property, both movable and immovable, and to contract, and shall, by the said name, sue or be sued.
(3) The head office of the Board shall be at Bombay.
(4) The Board may establish offices at other places in India.
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ESTABLISHMENT OF THE SECURITIES AND EXCHANGE BOARD OF INDIA
- 3 Establishment and incorporation of Board
- 4 Management of the Board
- 5 Term of office and conditions of service of Chairman and members of the Board
- 6 Removal of member from office
- 7 Meetings
- 7A Member not to participate in meetings in certain cases
- 8 Vacancies, etc., not to invalidate proceedings of Board
- 9 Officers and employees of the Board
