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LAWGIST

The 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.
1956
List of Chapters & Sections

  1. PRELIMINARY

  2. 1
     Short title, extent and commencement
  3. 2
     Definitions
  4. 2A
     Interpretation of certain words and expressions

  • 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