DEPOSITORIES (PROCEDURE FOR HOLDING INQUIRY AND IMPOSING PENALTIES 1 [ *** ]) RULES, 2005 — THE SECURITIES AND EXCHANGE BOARD OF INDIA ACT, 1992

DEPOSITORIES (PROCEDURE FOR HOLDING INQUIRY AND IMPOSING PENALTIES 1 [ *** ]) RULES, 2005 In exercise of the powers conferred by 2 [ sub-section (1) and ] clause (a) of sub-section (2) of section 24 of the Depositories Act, 1996 (22 of 1996), the Central Government hereby makes the following rules for holding inquiry for the purpose of imposing penalty under sections 19A, 19B, 19C, 19D, 19E, 19F , 3 [19FA] and 19G of the Act, namely :— Short title and commencement 1. (1) These rules may be called the Depositories (Procedure for Holding Inquiry and Imposing Penalties 4 [ *** ]) Rules, 2005. They shall come into force on the date of their publication in the Official Gazette. Definitions (1) In these rules, unless the context otherwise requires,— (a) "Act" means the Depositories Act, 1996 (22 of 1996); (b) "adjudicating officer" means the officer appointed by the Board as adjudicating officer under section 19H of the Act; (c) "inquiry" means the inquiry referred in 5 [sub-section (2) of section 19 or section 19H of the Act] . (2) Words and expressions used herein and not defined in these rules but defined in the Depositories Act, 1996 shall have the same meanings respectively assigned to them under that Act. Appointment of adjudicating officer for holding inquiry 3. Whenever the Board is of the opinion that there are grounds for adjudging under sections 19A, 19B, 19C, 19D, 19E, 19F and 19G of the Act, it may appoint any of its officer not below the rank of Division Chief to be an adjudicating officer for holding an inquiry for the said purpose. 1 Words "by Adjudicating Officer" omitted by the Depositories (Procedure for Holding Inquiry and Imposing Penalties by Adjudicating Officer) (Amendment) Rules, 2019, w.e.f. 8-3-2019. 2 Inserted by Depositories (Procedure for Holding