Section 469 — Power of Central Government to make rules

(1) The Central Government may, by
notification, make rules for carrying out the provisions of this Act.

1. Subs. by Act 31 of 2016, s. 255 and the Eleventh Schedule, for sub-section (2) (w.e.f. 15-11-2016).

(2) Without prejudice t o the generality of the provisions of sub -section (1), the Central Government
may make rules for all or any of the matters which by this Act are required to be, or may be, prescribed or
in respect of which provision is to be or may be made by rules.
(3) Any rule made under sub-section (1) may provide that a contravention thereof shall be punishable
with fine which may extend to five thousand rupees and where the contravention is a continuing one, with
a further fine which may extend to five hundred rupees f or every day after the first during which such
contravention continues.
(4) Every rule made under this section and every regulation made by Securities and Exchange Board
under this Act, shall be laid, as soon as may be after it is made, before each House o f Parliament, while it
is in session, for a total period of thirty days which may be comprised in one session or in two or more