Securities Contracts (Regulation) Amendment Rules, 1996. - F. No. 1/57/SE/93-G.S.R. 581(E)

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<h1>Central Government Transfers Regulatory Authority to SEBI in Securities Contracts Rules Amendments, Affecting Multiple Rules and Forms.</h1> The Securities Contracts (Regulation) Amendment Rules, 1996, were enacted by the Central Government to amend the Securities Contracts (Regulation) Rules, 1957. The amendments involve substituting references to 'the Central Government' with 'the Securities and Exchange Board of India' (SEBI) across various rules, including rules 3, 5A, 7, 8, 11, 12, 16, 17, 17A, and 19. Changes also affect forms A, B, and C, replacing mentions of the Ministry of Finance with SEBI. These amendments centralize regulatory authority under SEBI, enhancing its role in securities contract regulation.

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