Securities Contracts (Regulation) Act, 1956

Bare Act · 1956

An Act to prevent undesirable transactions in securities by regulating the business of dealing therein, by 1 *** providing for certain other matters connected therewith.

Act number: 42 of 1956
Enacted: 4 September 1956
Contents: 78 sections · 7 chapters

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Contents

Preliminary

Recognised Stock Exchanges

Contracts And Options In Securities

Listing Of Securities By Public Companies

Section 21 – Conditions for listing (preview)
Section 21A – Delisting of securities (preview)
Section 22 – Right of appeal against refusal by stock exchanges to list securities of public companies (preview)
Section 22A – Right of appeal to Securities Appellate Tribunal against refusal of stock exchange to list securities of public companies (preview)
Section 22B – Procedure and powers of Securities Appellate tribunal (preview)
Section 22C – Right to legal representation (preview)
Section 22D – Limitation (preview)
Section 22E – Civil Court not to have jurisdiction (preview)
Section 22F – Appeal to High Court (preview)

Penalties And Procedure

Section 23 – Penalties (preview)
Section 23A – Penalty for failure to furnish information, return, etc (preview)
Section 23B – Penalty for failure by any person to enter into an agreement with clients (preview)
Section 23C – Penalty for failure to redress Investors grievances (preview)
Section 23D – Penalty for failure to segregate securities or moneys of client or clients (preview)
Section 23E – Penalty for failure to comply with provision of listing conditions or delisting conditions or grounds (preview)
Section 23F – Penalty for excess dematerialisation or delivery of unlisted securities (preview)
Section 23G – Penalty for failure to furnish periodical returns, etc (preview)
Section 23GA – Penalty for failure to conduct business in accordance with rules, etc (preview)
Section 23H – Penalty for contravention where no separate penalty has been provided (preview)
Section 23J – Factors to be taken into account by the adjudicating officer (preview)
Section 23JA – Settlement of administrative and civil proceedings (preview)
Section 23JB – Recovery of amounts (preview)
Section 23JC – Continuance of proceedings (preview)
Section 23K – Crediting sum realised by way of penalties to Consolidated Fund of India (preview)
Section 23L – Appeal to Securities Appellate Tribunal (preview)
Section 23M – Offences (preview)
Section 23N – Composition of certain offences (preview)
Section 24 – Offences by companies (preview)
Section 25 – Certain offences to be cognizable (preview)
Section 26 – Cognizance of offences by courts (preview)
Section 26A – Establishment of Special Courts (preview)
Section 26B – Offences triable by Special Courts (preview)
Section 26C – . Appeal and Revision (preview)
Section 26D – Application of Code to proceedings before Special Court (preview)
Section 26E – Transitional provisions (preview)

Sections

Section 23-I – Power to adjudicate (preview)
Section 23-O – Power to grant immunity (preview)

Miscellaneous

Section 27 – Title to dividends (preview)
Section 27A – Right to receive income from collective investment scheme (preview)
Section 27B – Right to receive income from mutual fund (preview)
Section 28 – Act not to apply in certain cases (preview)
Section 29 – Protection of action taken in good faith (preview)
Section 29A – power to delegate (preview)
Section 29B – Powers of the Securities and Exchange Board of India not to apply to International Financial Services Centre (preview)
Section 30 – Power to make rules (preview)
Section 30A – Special provisions related to commodity derivatives (preview)
Section 30B – Special provisions related to pooled investment vehicle (preview)
Section 31 – Power of Securities and Exchange Board of India to make regulations (preview)
Section 32 – Validation of certain acts (preview)