Operational hierarchy: Act and Rules → current Regulation → amendment lineage → Master Circular → later SEBI circular → exchange/depository/clearing specification → portal schema and evidence. Open consolidated status.
SEBI Hub / Source hierarchy
| Rank | Source | Use | Control rule |
|---|---|---|---|
| 1 | Official Gazette / India Code / enacted statute or notified amendment | Act, Rule, Regulation, commencement, amendment, repeal and legal text | Highest legal-text authority; preserve Gazette number/date and event-date applicability |
| 2 | SEBI instrument-specific legal page and attached consolidated PDF | Current consolidated regulation/master circular and amendment chain | Instrument page and attached PDF control over summary-list date where later |
| 3 | SEBI current-list and legal-search pages | Inventory discovery and currentness monitoring | Discovery layer only; summary list can lag later instrument-specific records |
| 4 | SEBI circular, general order, guideline and informal-guidance pages | Operational interpretation and implementation | Do not treat circular as amendment unless legally empowered; map supersession/rescission |
| 5 | Recognised stock exchange, depository and portal specifications | Filing schemas, system validations, timelines and operational procedures | Portal/exchange acceptance does not replace governing legal entitlement |
| 6 | SAT and Supreme Court official judgments/orders | Litigation, ratio, binding effect and later treatment | Require official PDF, paragraph pinpoint, appeal status and later history |
| 7 | Finin2min analysis | Decision guides, examples, checklists and Q&A | Never represented as statutory text; source date and professional disclaimer mandatory |
Finin2min rule: show the source date, amendment sequence and applicability date next to the practical answer—not only in an internal register.