Section 13, Securities and Exchange Board of India Act, 1992 [S1W-XTK]
As at 7 September 2026. In force from 28 April 1992.
13. Grant of licence.—(1) An application for a licence to undertake the issue of securities shall be made to the Board in Form C, accompanied by a fee of five thousand rupees. (2) The Board may, after making such inquiry as it thinks fit, grant the licence subject to such conditions as may be prescribed, or, for reasons to be recorded in writing, refuse to grant the licence. (3) A licence granted under this section shall be valid for a period of three years from the date of its grant and may be renewed in such manner as may be prescribed. (4) The Board may, after giving the licensee an opportunity of being heard, suspend or cancel a licence for contravention of any condition thereof.
Defined terms in this text (2)
Board: Section 2, Securities and Exchange Board of India Act, 1992 [S1WXFW] (In this Act, unless the context otherwise requires,—): "Board" means the Securities and Exchange Board of India established under section 3 of the Securities and Exchange Board of India Act, 1992 (15 of 1992)
Board: 279 more definitions.
securities: Section 2, Securities and Exchange Board of India Act, 1992 [S1WXFW] (In this Act, unless the context otherwise requires,—): "securities" has the meaning assigned to it in clause (h) of section 2 of the Securities Contracts (Regulation) Act, 1956 (42 of 1956)
securities: 13 more definitions.
Made under this section, or naming it (0)
none
Cited by (1)
Section 12, Securities and Exchange Board of India Act, 1992 [S1W-XSN], 28 April 1992, Band A. "section 13".
Not held (0)
none
Duties published under this section (0)
none