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Section 42

Securities Contracts (Regulation) (Stock Exchanges and Clearing Corporations) Regulations, 2018 Last amended on June 04, 2019Central Regulations · 1956

(1) A recognised stock exchange and recognised clearing corporation shall, with the prior approval of the Board, make bye-laws for the regulation of contracts and clearing and settlement, as the case may be, as per section 9 of the Act and these regulations.

(2) No memorandum of association, articles of association or any other constitution document, in so far as they relate to matters specified in section 3 of the Act or under these regulations and bye- laws of a recognised stock exchange or a recognised clearing corporation, shall be amended except with prior approval of the Board.

(3) The Bye-laws of the clearing corporation and procedure for submitting amendments to Articles/Rules/Bye-laws [*]7, etc., of a recognised stock exchange/ recognized clearing corporation for approval of the Board shall be made in the manner as specified under

PART – E of Schedule – II of these regulations.

Settlement and netting

Where this provision sits

ActSecurities Contracts (Regulation) (Stock Exchanges and Clearing Corporations) Regulations, 2018 Last amended on June 04, 2019
Section42
JurisdictionCentral
StatusIn force as published by the source

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