Section 6, Securities and Exchange Board of India Act, 1992 [S1W-XK1]
As at 7 September 2026. In force from 28 April 1992.
6. Grant of licence.—(1) An application for a licence to undertake the business of an intermediary shall be made to the Board in Form B, accompanied by a fee of one 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.
intermediary: Section 2, Securities and Exchange Board of India Act, 1992 [S1WXFW] (In this Act, unless the context otherwise requires,—): "intermediary" means a person registered under section 12 of the Securities and Exchange Board of India Act, 1992 (15 of 1992)
intermediary: 25 more definitions.
Made under this section, or naming it (0)
none
Cited by (3)
Section 5, Securities and Exchange Board of India Act, 1992 [S1W-XJ3], 28 April 1992, Band A. "section 6".
Section 64, Securities and Exchange Board of India Act, 1992 [S1W-ZDG], 28 April 1992, Band A. "section 6".
Rule 5, Securities and Exchange Board of India Act Rules, 1995 [S1Y-RYZ], 18 May 1995, Band A. "section 6 of the Act".
Not held (0)
none
Duties published under this section (1)
D11-G0E. Every intermediary: Obtain a licence before undertaking the business of an intermediary; apply in Form B, fee one thousand rupees; Before the activity begins; licence valid three years; Form B. Published by Department of Economic Affairs, Ministry of Finance (synthetic record).