law: Securities and Exchange Board of India Act, 1992
  31.Rules and
  
  regulations to be laid before Parliament.- 
  Every rule and every
  
  regulation made under this Act shall be laid as soon as may be after it is
  
  made, before each House of Parliament while it is in session for a total period
  
  of thirty days which may be comprised in one session or in two or more
  
  successive sessions, and if before the expire of the session immediately
  
  following the session or the successive sessions aforesaid, both Houses agree
  
  in making any modification in the rule or regulation shall thereafter have
  
  effect in only such modified form or be of no effect as the case may be so
  
  however that any such modification or annulment shall be without prejudice to
  
  the validity of anything previously done under that rule or regulation.