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Securities Contracts (Regulation) Act, 1956

Act No.42 OF 1956

Contents
Sections Particulars
Preliminary
1 Short title, extent and commencement
2 Definitions
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 inquires 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 Central Government to make or amend bye-laws 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
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 Power to compel listing of securities by public companies
22 Right of appeal against refusal by stock exchanges to list securities of public companies
23 Penalties
24 Offences by companies
25 Certain offences to be cognizable
26 Jurisdiction to try offences under this Act
Miscellaneous
27 Title to dividends
28 Act not to apply in certain cases
29 Protection of action taken in good faith
30 Power to make rules
31 The Bombay Securities Contracts Control Act, 1925 (Bombay Act 8 of 1925), is hereby [repealed]

An Act to prevent undesirable transactions in securities by regulating the business of dealing therein, by prohibiting options and by providing for certain other matters connected therewith.

BE it enacted by Parliament in the Seventh Year of the Republic of India as follows:



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