Section 20, Parel Investments and Trading Private Limited and Domestic Gas Private Limited (Taking over of Management) Repeal Act, 2005 [S22-8WZ]
As at 7 September 2026. In force from 22 July 2005.
20. Grant of licence.—(1) An application for a licence to undertake dealing in securities shall be made to the Board in Form A, accompanied by a fee of twenty-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, Parel Investments and Trading Private Limited and Domestic Gas Private Limited (Taking over of Management) Repeal Act, 2005 [S228AP] (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, Parel Investments and Trading Private Limited and Domestic Gas Private Limited (Taking over of Management) Repeal Act, 2005 [S228AP] (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 19, Parel Investments and Trading Private Limited and Domestic Gas Private Limited (Taking over of Management) Repeal Act, 2005 [S22-8VH], 22 July 2005, Band A. "section 20".
Not held (0)
none
Duties published under this section (0)
none