Securities Contract(regulation) Act 1956.

outline of act

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Securities Contract(regulation) Act 1956. par Mind Map: Securities Contract(regulation) Act 1956.

1. PRELIMINARY

1.1. 1. Short title, extent and commencement.

1.2. 2. Definition

1.3. 2A intrepretation of certain words and expression

1.4. 3. Application for recognition of stock exchanges.

1.5. 4. Grant of recognition of stock exchanges.

1.6. 4A. corporatisation and demutualisation of stock exchanges.

1.7. 4B. procedure for corporatisation and demutualisation.

1.8. 5. Withdrawal of recognition.

1.9. 6. Power of Central Government to call for periodic returns or direct inquiries to be made.

1.10. 7. Annual reports to be furnished to central government by stock exchanges.

1.11. 7A. Power of recgnised stock exchanges to make rules restricting voting rights, etc.

1.12. 8. power of central government to direct rules to be made or to make rules.

1.13. 8A. Clearing Corporation.

1.14. 9. Power of recgnised stock exchanges to make bye-laws.

1.15. 10. Power of SEBI to make or amend bye-laws of recgnised stock exchanges.

1.16. 11. Power of central govvernment to supersede governing body of a recognised stock exchange.

1.17. 12. Power to suspend business of recognised stock exchanges.

1.18. 12A. Power to issue directions

2. CONTRACTS AND OPTIONS IN SECURITIES

2.1. 13. Contracts in notified areas illegal in certain circumstances.

2.2. 13A. Additional Trading floor.

2.3. 14. Contracts in notified areas to be void in certain circumstances.

2.4. 15. Members may not act as principles in certain circumstances

2.5. 16. Power to prohibit contracts in certain cases.

2.6. 17. Licensing in dealers in securities in certain areas.

2.7. 18. Exclusion of spot delivery contracts from section 13,14,15,17

2.8. 18A. Contracts in derivative.

2.9. 19. Stock exchanges other than recognised stock exchanges prohibited.

2.10. 20. Prohibition of stock options in securities.

2.11. 21. Conditions for listing.

2.12. 21A. Delisting of securities.

2.13. 22. Right of appeal against refusal of stock exchanges to list securities of public companies.

2.14. 22A. Right to appeal to SAT against reusal of stock exchanges to list securities of public companies.

2.15. 22B. Procedures and power of SAT.

2.16. 22C. Right to legal representation

2.17. 22D. Limitation

2.18. 22E. Civil court not to have jurisdiction

2.19. 22F. Appeal to the Supreme Court

3. PENALTIES AND PROCEDURE

3.1. 23. Penalties

3.2. 23A. Penaltes for failure to furnish information, return, etc.

3.3. 23B. Penalties for failure by any person to enter into an agreement with clients.

3.4. 23C. Penalties for failure to redress investors' grivances.

3.5. 23D. Penalty for failure to segregate securities or money of client or clients.

3.6. 23E. Penalties for failure to comply with provision of listing conditions or delisting condition or grounds.

3.7. 23F. Penalty for excecss dematerialisation or delivery of unlisted securities.

3.8. 23G. penalty for failure to furnish perodical returns, etc.

3.9. 23H. Penalty for contravention where no seperate penalty has been provided.

3.10. 23I. power to adjudicate.

3.11. 23J. Factors to be taken into account by adjudicating officer.

3.12. 23K. Crediting sums realised by way of penalties to Consolidate funds of India.

3.13. 23L. Appeal to Securities Appellate Tribunal.

3.14. 23M. Offences.

3.15. 23N. Composition of certain offences.

3.16. 23O. Power to grant immunity.

3.17. 24. Offences by companies

3.18. 25. Certain offences to be cognizable.

3.19. 26. Cognizance of offences by courts.

3.20. 27. Title to devidends.

3.21. 27A. Right to recieve income from collectiveinvestment scheme.

3.22. 27B. Right to recieve income from mutual fund.

3.23. 28. Act not to apply in certain cases.

3.24. 29. Protection of action taken in good faith.

3.25. 29A. Power to delegate.

3.26. 30. Power to make rules

3.27. 31. Power of SEBI to make regulations