Securities and Exchange Board of India Act, 1992 Securities and Exchange Board of India Act, 1992 - Fees paid by director does not attract exemption under Clause 4 of schedule III of the Securities and Exchange Board of India Regulations, 1992. Ltd. v. Prudent ARC Ltd; 2023 LiveLaw 11 : AIR 2023 SC 368 : 1 SCR 553 Securitisation and …