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SECURITIES AND EXCHANGE BOARD OF INDIA (GRANT OF REWARD TO INFORMANT UNDER RECOVERY PROCEEDINGS) GUIDELINES, 2023

guidelines · 1992 · State unknown

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Parent: THE SECURITIES AND EXCHANGE BOARD OF INDIA ACT, 1992 (7c4c1f5343adab106c3a94cafc08a5ecf5957ae7)

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SECURITIES AND EXCHANGE BOARD OF INDIA (GRANT OF REWARD TO INFORMANT UNDER RECOVERY PROCEEDINGS) GUIDELINES, 2023 In exercise of the powers conferred under Section 11 (1) of the Securities and Exchange Board of India Act, 1992, the Securities and Exchange Board of India hereby makes the following Guidelines to regulate the grant and payment of reward to an informant who provides credible information about the assets of the defaulter under recovery proceedings: 1. Short Title and Commencement. These Guidelines shall be called as the Securities and Exchange Board of India (Grant of Reward to Informant under Recovery Proceedings) Guidelines, 2023. These Guidelines shall come into force with immediate effect. 2. Definition. In these Guidelines, unless the context otherwise requires, the words and expressions used shall have the meanings assigned to them as under: (a) “Board” means the Securities and Exchange Board of India; (b) "defaulter" means an entity against whom recovery proceedings are initiated under section 28A of the Securities and Exchange Board of India Act, 1992, section 23JB of the Securities Contracts (Regulation) Act, 1956 or section 19-IB of the Depositories Act, 1996; (c) "Informant" means an individual who voluntarily furnishes Original Information to the Board in accordance with these Guidelines and as per the specified Form A annexed hereto; (d) "Informant Reward Committee" means the Committee constituted as per paragraph 11 of these Guidelines; (e) "Investor Protection and Education Fund" means the Investor Protection and Education Fund established by the Board under sub-section (5) of section 11 of the Securities and Exchange Board of India Act, 1992; (f) "Original Information" means information about the asset of a defaulter whose name is published o

Rule TOC

1 · Short Title and Commencement.
2 · Definition.
3 · Applicability and Scope.
4 · Informant eligible for reward.
5 · Submission of Information
6 · Examination of Information.
7 · Undertaking by the Informant.
8 · Reward Amount.
9 · Stage of Reward
10 · Reward as Ex-gratia payment
11 · Constitution and Functions of Informant Reward Committee
12 · Competent Authority to Grant Reward.
13 · Circumstances for determining the Amount of Reward.
14 · Prohibition of Reward in Certain Cases.
15 · Information to be held in confidence.
16 · Maintenance of records and communication.
17 · Reward.
SECURITIES AND EXCHANGE BOARD OF INDIA (GRANT OF REWARD TO INFORMANT UNDER RECOVERY PROCEEDINGS) GUIDELINES,… — THE SECURITIES AND EXCHANGE BOARD OF INDIA ACT, 1992 — Roop's Law Assist Statutes