Section 19: Stock exchanges other than recognised stock exchanges prohibited.

The Securities Contracts (Regulation) Act, 1956Central Act · Act 42 of 1956

(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.

Where this provision sits

Act	The Securities Contracts (Regulation) Act, 1956
Section	19
Marginal note	Stock exchanges other than recognised stock exchanges prohibited.
Jurisdiction	Central
Status	In force as published by the source

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