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SECURITIES CONTRACTS (REGULATION) ACT, 1956. [42 OF 1956] An Act to prevent undesirable transactions in securities by regulating the business of dealing therein, 1[***]by providing for certain other matters connected therewith. BE it enacted by Parliament in the Seventh Year of the Republic of India as follows:
An Act to prevent undesirable transactions in securities by regulating the business of dealing therein, by 1*** providing for certain other matters connected therewith. B E it enacted by Parliament in the Seventh Year of the Republic of India as follows:—
An Act to prevent undesirable transactions in securities by regulating the business of dealing therein, by providing for certain other matters connected therewith. Ministry: Ministry of Finance
Apr 21, 2020 · The Securities Contracts (Regulations) Act, 1956 (SCRA) aims “to prevent undesirable transactions in securities by regulating the business of dealing therein“. The SCRA defines critical terms including derivatives, securities, specific, and spot delivery contracts.
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The Securities Contracts (Regulation) Act, 1956 (“SCRA”) is an important piece of legislation which regulates the stock exchanges and contracts in securities. The SCRA was enacted to prevent undesirable exchanges in securities and to control the working of stock
The Securities Contracts (Regulation) Act, 1956 also known as SCRA is an Act of the Parliament of India enacted to prevent undesirable exchanges in securities and to control the working of stock exchange in India. It came into force on 20 February 1957.
1.Short title, extent and commencement. (1) This Act may be called the Securities Contracts (Regulation) Act, 1956. (2) It extends to the whole of India. (3) It shall come into force on such date' as the Central Government may, by notification in the Official Gazette, appoint.
• The Securities Contracts (Regulation) Act, 1956 (SCRA) is an important piece of legislation which gives Central government regulatory jurisdiction over: the stock exchanges (recognition and continued supervision) contracts in securities listing of securities on stock exchange. • SCRA came in effect from February 20, 1957.
The rules relating to admission of members of a stock exchange seeking recognition shall inter aliaprovide that: (1) No person shall be eligible to be elected as a member if— (a) he is less than twenty-one years of age; (b) he is not a citizen of India; provided that the governing body may in suitable cases relax this condition with the prior...
