Securities Contracts (Regulation) ACT, 1956 Notes
Contents:
1. Definitions
2. Recognised Stock Exchanges
3. Application For Recognition Of Stock Exchanges
4. Grant Of Recognition To Stock Exchanges
5. Withdrawal Of Recognition
6. Power Of Central Government To Call For Periodical Returns Or Direct Inquiries To Be Made
7. Annual Reports To Be Furnished To Central Government By Stock Exchanges
8. Power Of Central Government To Direct Rules To Be Made Or To Make Rules
9. Power Of Recognised Stock Exchanges To Make Bye-Laws
10. Power Of Securities And Exchange Board Of India To Make Or Amend Byelaws Of Recognised Stock Exchanges
11. Power Of Central Government To Supersede Governing Body Of A Recognised Stock Exchange
12. Power To Suspend Business Of Recognised Stock Exchanges.
13. Contracts In Notified Areas Illegal In Certain Circumstances
14. Contracts In Notified Areas To Be Void In Certain Circumstances
15. Members May Not Act As Principals In Certain Circumstances
16. Power To Prohibit Contracts In Certain Cases
17. Licensing Of Dealers In Securities In Certain Areas Of Section
18. Exclusion Of Spot Delivery Contracts From Sections 13, 14, 15 And 17
19. Stock Exchanges Other Than Recognised Stock Exchanges Prohibited
20. Prohibition Of Options In Securities
21. Conditions For Listing
22. Right Of Appeal Against Refusal Of Stock Exchanges To List Securities Of Public Companies Exchange To List Securities Of Public Companies
23. Penalties
24. Offences By Companies
25. Certain Offences To Be Cognizable
26. Cognizance Of Offences By Courts
