December 2020
Intermediate to advanced
857 pages
42h 3m
English
Content preview from Business Environment, 4th Edition by Pearson
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166 | Chapter 6
The Securities Contracts (Regulation)
Act of 1956
The Securities Contracts (Regulation) Act, 1956 (hereinafter referred to as the Act),
containing a mere 31 sections, keeps a tight vigil over all the stock exchanges of India
since 20 February 1957. The provisions of the Act were formerly administered by the
central government. However, since the enactment of The Securities and Exchange
Board of India Act, 1992, the Board established under it (SEBI), concurrently, has
powers to administer almost all the provisions of the Act.
By virtue of the provisions of the Act, the business of dealing in securities cannot
be carried out without ...
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