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Section5
The Securities and Exchange Board of India Act, 1992

Term of office and conditions of service of Chairman and members of the Board

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 Cited by 1 provision Instruments 4

Section 5 of the Securities and Exchange Board of India Act, 1992 deals with term of office and conditions of service of Chairman and members of the Board. The term of office and other conditions of service of the Chairman and the members referred to in clause (d) of sub-section (1) of section 4 shall be such as may be prescribed. The Act came into force on 30 Jan 1992.

(1) The term of office and other conditions of service of the Chairman and the members referred to in clause (d) of sub-section (1) of section 4 shall be such as may be prescribed.

(2) Notwithstanding anything contained in sub-section (1), the Central Government shall have the right to terminate the services of the Chairman or a member appointed under clause (d) of sub-section (1) of section 4, at any time before the expiry of the period prescribed under sub-section (1), by giving him notice of not less than three months in writing or three months salary and allowances in lieu thereof, and the Chairman or a member, as the case may be, shall also have the right to relinquish his office, at any time before the expiry of the period prescribed under sub-section (1), by giving to the Central Government notice of not less than three months in writing.

Section 5, The Securities and Exchange Board of India Act, 1992 (Act 15 of 1992).

Cross-references

Extracted from the operative text of the enactments themselves. Every destination below exists in our corpus.

This section refers to

  1. s. 4 Management of the Board

Referred to by 1

  1. s. 29 Power to make rules

Made under this section, and citing it

4 instruments name this provision in its title or its text without being made under it.

All subordinate legislation

Questions about Section 5

What does Section 5 of the Securities and Exchange Board of India Act deal with?

Section 5 of the Securities and Exchange Board of India Act is headed "Term of office and conditions of service of Chairman and members of the Board". The term of office and other conditions of service of the Chairman and the members referred to in clause (d) of sub-section (1) of section 4 shall be such as may be prescribed.

How do I find court cases under Section 5 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 5, section 5 Sebi Act, section 5 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.

What should I read with Section 5 of the Securities and Exchange Board of India Act, and has it changed?

Its own text turns on section 4 (Management of the Board), so none of them can safely be read on its own. 1 other provision in this corpus refers back to it. 4 instruments name it without being made under it, most recently Securities Contracts (Regulation) (Stock Exchanges and Clearing Corporations Regulations, 2018 Last amended on June 04, 2019 (2018), then Securities and Exchange Board of India (Depositories and Participants) Regulations, 2018 Last amended on June 04, 2019 (2018).

When did Section 5 of the Securities and Exchange Board of India Act come into force?

Section 5 of the Securities and Exchange Board of India Act, cited as Sebi Act 5, 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

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.