Chapter-1

Chapter-1
Preliminary
1. Short Title and Commencement: (1) These Rules may be called the
“Securities Exchange Rules, 2050 (1993).”
(2) It shall come into force immediately.
2. Definitions : Unless the Subject or context otherwise requires, in these
Rules,-
(a) “Act” means the Securities Exchange Act, 2040 (1983).1
(b)
“Broker” means the Securities Entrepreneur who has
obtained the license for carrying out the Transaction of Securities
pursuant to Clause (a) of sub-rule (1) of Rule 29.

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Amended by Second Amendment.
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(c) “Market Maker” means the Securities Entrepreneur who has
obtained the license for carrying out the Transaction of Securities
pursuant to Clause (b) of sub-rule (1) of Rule 29.
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(d) “Securities Dealer” means the Securities Entrepreneur who has
obtained the license for carrying out the Transaction of Securities
pursuant to Clause (d) of sub-rule (1) of Rule 29.
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(d1) “Issuing and Sales Manager” means the Securities Entrepreneur
who has obtained a license for carrying out the Transaction of
Securities pursuant to Clause (d) of sub-rule (1) of Rule 29.
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(e) “Under Writing” means an act of taking responsibility to buy all
or some part of the left unsold Securities issued through public
method or circular method.
(f) “Internal Information” means the information, message,
Particulars or data which has not been published publicly, which
affects to the quantity or value of the Transaction of Securities.
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(g) “Promoter Shareholder” means a person who signs in the
Memorandum and Article of Association in capacity of promoter
while registering the company and agrees to take minimum One
Hundred Shares.

2
Amended by Second Amendment.
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Amended by Second Amendment.
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Inserted by Second Amendment.
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Amended by Second Amendment.
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Amended by Second Amendment.