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    Securities and Exchange Board of India Securities (Payment of Fees) Amendment Regulations, 1995
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    Fee payment method: SEBI fees must be paid by draft in favour of the Board at Bombay or regional offices.
    Amendments substitute specified schedule provisions across multiple SEBI regulations to require that the fees specified in the affected paragraphs and schedules shall be payable by draft in favour of "The Securities and Exchange Board of India" at Bombay, or at the respective regional office, standardising the payment instrument and payee for regulatory fees.
    SECURITIES AND EXCHANGE BOARD OF INDIA (FOREIGN INSTITUTIONAL INVESTORS) REGULATIONS, 1995
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    Foreign Institutional Investors regulations establish SEBI's regulatory regime under the SEBI Act via 1995 notification.
    The notification promulgates the Securities and Exchange Board of India (Foreign Institutional Investors) Regulations, 1995, made by the Board under the authority of the Securities and Exchange Board of India Act, 1992, and issued by formal notification dated 14 November 1995 (S.O. No.918(E)), constituting the operative regulatory basis for SEBI's oversight of foreign institutional investors.
    NORMS REGULATING TRANSACTIONS BETWEEN MEMBERS/ DEALERS AND CLIENTS.
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    Client account segregation requires separate client accounts and prompt delivery/payment timelines under amended OTCEI bye laws.
    Members/dealers must maintain a consolidated separate client account and distinct books to segregate clients' securities and monies; deposit and withdrawal from the client account are limited to prescribed categories while preserving members' lien rights. The bye laws impose 24 hour issuance of receipts/contract notes and two day payment/delivery deadlines for listed and permitted securities, permit discretionary margin requirements with a stated minimum and authorise close out of non compliant client positions with specified treatment of profits, losses and charges. Governance changes mandate SEBI approved board and sub Committee nominations, managing director appointment and oversight, and structured arbitration, disciplinary and default procedures.
    SECURITIES AND EXCHANGE BOARD OF INDIA (PROHIBITION OF FRAUDULENT AND UNFAIR TRADE PRACTICES RELATING TO SECURITIES MARKET) REGULATIONS, 1995
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    Market manipulation: Prohibition on transactions and information designed to artificially distort securities prices and induce trades.
    The regulations prohibit fraudulent dealing in securities and comprehensively forbid market manipulation, including transactions designed to artificially move prices, create false trading appearances, non genuine transactions and inducements to affect market prices. They bar dissemination of materially misleading statements made recklessly or knowingly that could induce trades, and proscribe unfair trade practices such as client order front running, unjustified delays in transfer or dispatch of securities, record falsification and agency price manipulation. The Board may investigate, compel production of records and statements, and issue directions or seek suspension or cancellation of intermediary registration to secure compliance.
    Securities and Exchange Board of India Appellate Tribunal (Procedure) Rules, 1995.
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    Appellate tribunal procedure: appeals require specified form, fee, deposit, Registrar scrutiny and service requirements before hearing.
    These Rules prescribe procedural requirements for appeals to the Appellate Tribunal: definitions, permitted sittings and languages, the form and content of the memorandum of appeal, filing mechanics with multiple paper books and certified attachments, Registrar endorsement and scrutiny, prescribed filing fees and mandatory deposit of the penalty (subject to discretionary waiver), service and reply timelines, Registrar's case management powers, and ancillary provisions on hearings, orders, publication, inspection fees, dress regulations and working hours.
    Securities And Exchange Board of India (Merchant Bankers) Amendment Regulations, 1995.
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    Minimum capital requirement for merchant bankers raised; amendment increases regulatory threshold and takes effect on Gazette publication.
    Amendment increases the minimum capital requirement for registered merchant bankers by substituting the specified minimum in sub regulation (2) of regulation 7 of the Merchant Bankers Regulations, 1992, raising the regulatory threshold that applicants or holders must meet to qualify as merchant bankers, and takes effect upon publication in the Official Gazette.
    Amendment in the notification No. S.O. 147(E) dated 21st February, 1992
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    Notification amendment: substitution of an appointed member's name in a regulatory establishment notification under central government powers.
    The Central Government amends the principal notification establishing the securities regulator by substituting, in the entry against serial No. 2, the letters and words previously recorded with the new name stated in the amendment; the change is effected by notification dated 12 July 1995 with the stated file reference, and the amendment is presented as a further modification of the original notification.
    SECURITIES AND EXCHANGE BOARD OF INDIA (PROCEDURE FOR HOLDING INQUIRY AND IMPOSING PENALTIES BY ADJUDICATING OFFICER) RULES, 1995.
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    Adjudication procedure under SEBI rules establishes inquiry framework and penalty imposition by adjudicating officers for securities breaches.
    Rules prescribe a statutory framework empowering an adjudicating officer to conduct inquiries and determine imposition of penalties under Chapter VI-A of the Securities and Exchange Board of India Act, 1992, pursuant to the enabling provision in sub section (2) of section 29, thereby establishing the procedural basis for administrative adjudication and sanctioning in the securities regulatory regime.
    Securities Contracts (Regulation) (Second Amendment) Rules, 1995
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    Public offer requirement relaxation allowed for statutory corporations after Central Government approval and stock exchange consent.
    A recognised stock exchange may relax the requirement that at least twenty five per cent of each class or kind of securities be offered to the public for a body corporate constituted by an Act of Parliament or State Legislature, provided it obtains the previous approval of the Central Government and complies with such instructions as the Government may issue from time to time.
    Securities Contracts (Regulation) Amendment Rules, 1995
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    Listing requirements now apply to corporations created by statute, bringing statutory bodies within stock-listing obligations.
    The amendment inserts an obligation that all requirements with respect to listing prescribed by the Securities Contracts (Regulation) Rules, 1957 shall, so far as they may be, also apply to a body corporate constituted by an Act of Parliament or any State legislature, thereby bringing statutory corporations within the scope of listing requirements and the associated regulatory compliance framework.
    Central Government appoints Shri D.R. Mehta as the Chairman of the Securities and Exchange Board of India
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    Appointment under SEBI Act: Chairmanship conferred with a fixed-term starting upon assumption of office, subject to statutory rules.
    The Central Government appoints the Chairman under Section 4 of the Securities and Exchange Board of India Act and the Securities and Exchange Board of India (Terms and Conditions of Service of Chairman and Members) Rules; the appointment is for a specified fixed term commencing from the date the appointee assumes charge and is subject to the conditions of service prescribed in those rules.
    Necessary in the interest of trade and public interest that the bye-law made by the Madras Stock Exchange Ltd.
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    Segregation of client funds and securities enshrined, imposing separate accounts and timelines for delivery and close-out rights.
    The amendment requires member brokers to maintain separate bank accounts and distinct books of account for client monies and their own funds, depositing client monies into accounts titled with the word "clients"; specifies what may be paid into and withdrawn from clients' accounts while preserving members' rights such as lien and set-off; mandates segregation and recordkeeping for client securities including those held for sale, pending delivery, transfer, and as margin; sets timelines for delivery and payment and requires issuance of contract notes within twenty-four hours; and authorises members to close out client positions for payment or delivery failures with losses met from the client's margin.
    Renewal of recognition the Vadodara Sock Exchange Limited, Baroda.
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    Renewal of recognition granted to Vadodara Sock Exchange Limited under Securities Contracts regulation, permitting continued operation in securities trading.
    Renewal of recognition is granted to Vadodara Sock Exchange Limited, Baroda, under the Securities Contracts (Regulation) Act permitting the exchange to operate in respect of contracts in securities for a further specified two-year period commencing in January 1995, following application under the Act and the Rules and regulatory satisfaction that renewal is in the interest of trade and the public.

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