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of <h1>Section 31 requires SEBI rules be laid before Parliament within thirty days for potential modification or annulment</h1> Section 31 of the Securities and Exchange Board of India Act, 1992 mandates that all rules and regulations made under the Act must be laid before both Houses of Parliament within thirty days of creation, whether in one session or successive sessions. Parliament has authority to modify or annul these rules and regulations before the expiry of the immediately following session. Any modifications or annulments do not affect the validity of actions previously taken under the original provisions.
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