Power of Central Government to issue directions

In force From 30 Jan 1992 Act 15 of 1992 As on 18 Oct 2026

Act 15 of 1992 Ministry Finance Enacted 04 Apr 1992 In force 30 Jan 1992

Section 16 of the Securities and Exchange Board of India Act, 1992 deals with power of Central Government to issue directions. Without prejudice to the foregoing provisions of this Act, the Board shall, in exercise of its powers or the performance of its functions under [this Act or the Depositories Act, 1996 (22 of 1996)], be bound by such directions on questions of policy as the Central Government may give in writing to i The Act came into force on 30 Jan 1992.

(1) Without prejudice to the foregoing provisions of this Act, the Board shall, in exercise of its powers or the performance of its functions under ¹ [this Act or the Depositories Act, 1996 (22 of 1996)], be bound by such directions on questions of policy as the Central Government may give in writing to it from time to time:
Provided that the Board shall, as far as practicable, be given an opportunity to express its views before any direction is given under this sub-section.
(2) The decision of the Central Government whether a question is one of policy or not shall be final.
Section 16, The Securities and Exchange Board of India Act, 1992 (Act 15 of 1992).

Questions about Section 16

What does Section 16 of the Securities and Exchange Board of India Act deal with?

Section 16 of the Securities and Exchange Board of India Act is headed "Power of Central Government to issue directions". Without prejudice to the foregoing provisions of this Act, the Board shall, in exercise of its powers or the performance of its functions under [this Act or the Depositories Act, 1996 (22 of 1996)], be bound by such directions on questions of policy as the Central Government may give in writing to i

How do I find court cases under Section 16 of the Securities and Exchange Board of India Act?

In judgments and charge sheets this section is written several ways, and each form finds a different set of orders. These search the full text of every order eCourtsIndia holds, best matches first: Sebi Act 16, section 16 Sebi Act, section 16 of the Securities and Exchange Board of India Act. Each opens the full list of orders on eCourtsIndia, where it can be narrowed by court, year and outcome.

When did Section 16 of the Securities and Exchange Board of India Act come into force?

Section 16 of the Securities and Exchange Board of India Act, cited as Sebi Act 16, came into force on 30 Jan 1992, having been enacted on 04 Apr 1992. It is in force as at the date shown on this page.

Other sections of this Act

11. Functions of Board1315 words
11C. Investigation1145 words
12. Registration of stock-brokers, sub-brokers, share transfer agents, etc678 words
28A. Recovery of amounts629 words
15U. Procedure and powers of the Securities Appellate Tribunal494 words
15D. Penalty for certain defaults in case of mutual funds464 words

Source and method. Compiled from the enactments of Parliament and of the State legislatures as published on India Code, and republished together with commentary and other original matter under section 52(1)(q)(ii) of the Copyright Act, 1957. Structured, cross-referenced and maintained by eCourtsIndia. Text as in force on 18 Oct 2026. This page is not a substitute for legal advice.