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REGD. No. D. L.-33004/99
The Gazette of India
CG-DL-E-21052025-263215
EXTRAORDINARY
PART II-Section 3-Sub-section (i)
PUBLISHED BY AUTHORITY
No. 275]
NEW DELHI, MONDAY, MAY 19, 2025/ VAISAKHA 29, 1947
MINISTRY OF FINANCE
(Department of Economic Affairs)
NOTIFICATION
New Delhi, the 19th May, 2025
G.S.R. 318(E).—In exercise of the powers conferred by section 30 of the Securities Contracts
(Regulation) Act, 1956 (42 of 1956), the Central Government hereby makes the following rules further to amend
the Securities Contracts (Regulation) Rules, 1957, namely:—
1. (1) These rules may be called the Securities Contracts (Regulation) Amendment Rules, 2025.
(2) They shall come into force on the date of their publication in the Official Gazette.
2. In the Securities Contracts (Regulation) Rules, 1957, in rule 8,
(i) in sub-rule (1), in clause (f), after the first proviso, the following proviso shall be inserted, namely:—
"Provided further that investments made by a member shall, at all times, not be construed as business except
when such investments involve client funds or client securities, or relate to arrangements which are in the nature
of creating a financial liability on the broker.”;
(ii) in sub-rule (3), after clause (f), after the first proviso, the following proviso shall be inserted, namely:—
"Provided further that investments made by a member shall, at all times, not be construed as business except
when such investments involve client funds or client securities, or relate to arrangements which are in the nature
of creating a financial liability on the broker.".
[F. No. 13/5/SM/2023]
REETU JAIN, Economic Advisor
Note: The principal rules were published in the Gazette of India, Part II, Section 3 vide number S.R.O. 576,
dated the 21st February, 1957 and was last amended vide notification number G.S.R. 664 (E), dated the
27th June, 2017.