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of <h1>Amendment to Securities Contracts Rules: New Section 23GA Added, Error Rectification Allowed Within 15 Days u/r 5.</h1> The Securities Contracts (Regulation) (Procedure for Holding Inquiry and Imposing Penalties by Adjudicating Officer) (Amendment) Rules, 2019, effective from March 8, 2019, amend the 2005 rules under the Securities Contracts (Regulation) Act, 1956. Key changes include adding clause (i) to section 30, introducing section 23GA, and modifying references to the adjudicating officer to include the Board. Rule 5 now allows the Board or adjudicating officer to rectify errors in orders within fifteen days. These amendments aim to enhance the procedural framework for inquiries and penalties in securities regulation.
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