The Securities Contracts (Regulation) Act, 1956
Central Act · Act 42 of 195677 provisions10 citing judgments
The enactment
| Long title | An Act to prevent undesirable transactions in securities by regulating the business of dealing therein, by providing for certain other matters connected therewith. |
|---|---|
| Type | Act |
| Citation | Act 42 of 1956 |
| Year | 1956 |
| Jurisdiction | Central |
| Ministry | Ministry of Finance |
| Status | In force as published by the source |
| Provisions published | 77 |
| Subjects | financial |
Full text, provision by provision
Every provision below opens in full, free and without an account.
- Section 1 Short title, extent and commencement.
- Section 2 Definitions.3 citing judgments
- Section 2A Interpretation of certain words and expressions.
- Section 3 Application for recognition of stock exchanges.
- Section 4 Grant of recognition to stock exchanges.1 citing judgment
- Section 4A Corporatisation and demutualisation of stock exchanges.
- Section 4B Procedure for corporatisation and demutualisation.
- Section 5 Withdrawal of recognition.
- Section 6 Power of Central Government to call for periodical returns or direct inquiries to be made.
- Section 7 Annual reports to be furnished to the Central Government by stock exchanges.
- Section 7A Power of recognised stock exchange to make rules restricting voting rights, etc.
- Section 8 Power of Central Government to direct rules to be made or to make rules.
- Section 8A Clearing corporation.
- Section 9 Power of recognised stock exchanges to make bye-laws.
- Section 10 Power of Securities and Exchange Board of India to make or amend bye-laws of recognised stock exchanges.
- Section 11 Power of Central Government to supersede governing body of a recognised stock exchange.
- Section 12 Power to suspend business of recognised stock exchanges.
- Section 12A Power to issue directions.
- Section 13 Contracts in notified areas illegal in certain circumstances.
- Section 13A Additional trading floor.
- Section 14 Contracts in notified areas to be void in certain circumstances.
- Section 15 Members may not act as principals in certain circumstances.
- Section 16 Power to prohibit contracts in certain cases.
- Section 17 Licensing of dealers in securities in certain areas.
- Section 17A Public issue and listing of securities referred to in sub-clause (ie) of clause (h) of section 2.
- Section 18 Exclusion of spot delivery contracts from sections 13, 14, 15 and 17.
- Section 18A Contracts in derivatives.
- Section 19 Stock exchanges other than recognised stock exchanges prohibited.
- Section 21 Conditions for listing.
- Section 21A Delisting of securities.
- Section 22 Right of appeal against refusal by stock exchanges to list securities of public companies.
- Section 22A Right of appeal to Securities Appellate Tribunal against refusal of stock exchange to list securities of public companies.
- Section 22B Procedure and powers of Securities Appellate tribunal.
- Section 22C Right to legal representation.
- Section 22D Limitation.
- Section 22E Civil Court not to have jurisdiction.
- Section 22F Appeal to High Court.1 citing judgment
- Section 23 Penalties.
- Section 23-I Power to adjudicate.
- Section 23-O Power to grant immunity.
- Section 23A Penalty for failure to furnish information, return, etc.
- Section 23B Penalty for failure by any person to enter into an agreement with clients.
- Section 23C Penalty for failure to redress Investors grievances.
- Section 23D Penalty for failure to segregate securities or moneys of client or clients.
- Section 23E Penalty for failure to comply with provision of listing conditions or delisting conditions or grounds.
- Section 23F Penalty for excess dematerialisation or delivery of unlisted securities.
- Section 23G Penalty for failure to furnish periodical returns, etc.
- Section 23GA Penalty for failure to conduct business in accordance with rules, etc.
- Section 23H Penalty for contravention where no separate penalty has been provided.1 citing judgment
- Section 23J Factors to be taken into account by the adjudicating officer.
- Section 23JA Settlement of administrative and civil proceedings.
- Section 23JB Recovery of amounts.
- Section 23JC Continuance of proceedings.
- Section 23K Crediting sum realised by way of penalties to Consolidated Fund of India.
- Section 23L Appeal to Securities Appellate Tribunal.1 citing judgment
- Section 23M Offences.
- Section 23N Composition of certain offences.1 citing judgment
- Section 24 Offences by companies.
- Section 25 Certain offences to be cognizable
- Section 26 Cognizance of offences by courts.
- Section 26A Establishment of Special Courts.
- Section 26B Offences triable by Special Courts.
- Section 26C . Appeal and Revision.
- Section 26D Application of Code to proceedings before Special Court.
- Section 26E Transitional provisions.
- Section 27 Title to dividends.
- Section 27A Right to receive income from collective investment scheme.
- Section 27B Right to receive income from mutual fund
- Section 28 Act not to apply in certain cases.
- Section 29 Protection of action taken in good faith.1 citing judgment
- Section 29A power to delegate
- Section 29B Powers of the Securities and Exchange Board of India not to apply to International Financial Services Centre.
- Section 30 Power to make rules.1 citing judgment
- Section 30A Special provisions related to commodity derivatives.
- Section 30B Special provisions related to pooled investment vehicle.
- Section 31 Power of Securities and Exchange Board of India to make regulations.
- Section 32 Validation of certain acts.
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