The Securities Contracts (Regulation) Act

Contracts in notified areas illegal in certain circumstances

Additional trading floor

Contracts in notified areas to be void in certain circumstances

Members may not act as principals in certain circumstances

Power to prohibit contracts in certain cases

Licensing of dealers in securities in certain areas

Public issue and listing of securities referred to in sub-clause (ie) of clause (h) of   section 2

Exclusion of spot delivery contracts from sections 13, 14, 15 and 17

Contracts in derivatives

Stock exchanges other than recognised stock exchanges prohibited

[Omitted.]


CONTRACTS AND OPTIONS IN SECURITIES


(1) No person shall,
except with the permission of the Central Government, organise or assist in organising or be a member of
any stock exchange (other than a recognised stock exchange) for the purpose of assisting in, entering into
or performing any contracts in securities.

(2) This section shall come into force in any State or area on such date as the Central Government
may, by notification in the Official Gazette, appoint.

LAWGIST

# 19 Stock exchanges other than recognised stock exchanges prohibited