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Securities Contracts (Regulation) Act
An Act to prevent undesirable transactions in securities by regulating the business of dealing therein, by providing for certain other matters connected therewith.
| Act Id | 195642 |
| Act Number | 42 |
| Enactment Date | 1956-09-04 |
| Act Year | 1956 |
| Ministry | Ministry of Finance |
| Enforcement Date | 20-02-1957 |
- PRELIMINARY
- RECOGNISED STOCK EXCHANGE
- 3 Application for recognition of stock exchanges
- 4 Grant of recognition to stock exchanges
- 4A Corporatisation and demutualisation of stock exchanges
- 4B Procedure for corporatisation and demutualisation
- 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 the Central Government by stock exchanges
- 7A Power of recognised stock exchange to make rules restricting voting rights, etc
- 8 Power of Central Government to direct rules to be made or to make rules
- 8A Clearing corporation
- 9 Power of recognised stock exchanges to make bye-laws
- 10 Power of Securities and Exchange Board of India 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
- 12A Power to issue directions
- CONTRACTS AND OPTIONS IN SECURITIES
- 13 Contracts in notified areas illegal in certain circumstances
- 13A Additional trading floor
- 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
- 17A Public issue and listing of securities referred to in sub-clause (ie) of clause (h) of section 2
- 18 Exclusion of spot delivery contracts from sections 13, 14, 15 and 17
- 18A Contracts in derivatives
- 19 Stock exchanges other than recognised stock exchanges prohibited
- 20 [Omitted.]
- LISTING OF SECURITIES BY PUBLIC COMPANIES
- 21 Conditions for listing
- 21A Delisting of securities
- 22 Right of appeal against refusal by stock exchanges to list securities of public companies
- 22A Right of appeal to Securities Appellate Tribunal against refusal of stock exchange to list securities of public companies
- 22B Procedure and powers of Securities Appellate tribunal
- 22C Right to legal representation
- 22D Limitation
- 22E Civil Court not to have jurisdiction
- 22F Appeal to High Court
- PENALTIES AND PROCEDURE
- 23 Penalties
- 23A Penalty for failure to furnish information, return, etc
- 23B Penalty for failure by any person to enter into an agreement with clients
- 23C Penalty for failure to redress Investors grievances
- 23D Penalty for failure to segregate securities or moneys of client or clients
- 23E Penalty for failure to comply with provision of listing conditions or delisting conditions or grounds
- 23F Penalty for excess dematerialisation or delivery of unlisted securities
- 23G Penalty for failure to furnish periodical returns, etc
- 23GA Penalty for failure to conduct business in accordance with rules, etc
- 23H Penalty for contravention where no separate penalty has been provided
- 23-I Power to adjudicate
- 23J Factors to be taken into account by the adjudicating officer
- 23JA Settlement of administrative and civil proceedings
- 23JB Recovery of amounts
- 23JC Continuance of proceedings
- 23K Crediting sum realised by way of penalties to Consolidated Fund of India
- 23L Appeal to Securities Appellate Tribunal
- 23M Offences
- 23N Composition of certain offences
- 23-O Power to grant immunity
- 24 Offences by companies
- 25 Certain offences to be cognizabl
- 26 Cognizance of offences by courts
- 26A Establishment of Special Courts
- 26B Offences triable by Special Courts
- 26C . Appeal and Revision
- 26D Application of Code to proceedings before Special Court
- 26E Transitional provisions
- MISCELLANEOUS
- 27 Title to dividends
- 27A Right to receive income from collective investment scheme
- 27B Right to receive income from mutual fun
- 28 Act not to apply in certain cases
- 29 Protection of action taken in good faith
- 29A power to delegat
- 30 Power to make rules
- 30A Special provisions related to commodity derivatives
- 31 Power of Securities and Exchange Board of India to make regulations
- 32 Validation of certain acts
