The Securities Contract (Regulation) Act, 1956
PRELIMINARY
1. Short title, extent and commencement
2. Definitions
2A. Interpretation of certain words and expressions
RECOGNISED STOCK EXCHANGES
3. Application for recognition of stock exchanges
4. Grant of recognition to stock exchanges
5. Withdrawal of recognition
6. Power of Central Government to call for periodical returns or direct inquiries to be made
7. Annual reports to be furnished to Central Government by stock exchanges
7A. Power of recognised stock exchange to make rules restricting voting rights, etc.
8. Power of Central Government to direct rules to be made or to make rules
9. Power of recognised stock exchanges to make bye‑laws
10. Power of Securities and Exchange Board of India to make or amend bye‑laws of recognised stock exchanges
11. Power of Central Government to supersede governing body of a recognised stock exchange
12. Power to suspend business of recognised stock exchanges
CONTRACTS AND OPTIONS IN SECURITIES
13. Contracts in notified areas illegal in certain circumstances
13A. Additional trading floor
14. Contracts in notified areas to be void in certain circumstances
15. Members may not act as principals in certain circumstances
16. Power to prohibit contracts in certain cases
17. Licensing of dealers in securities in certain areas
18. Exclusion of spot‑delivery contracts from sections 13, 14, 15 and 17
18A. Contracts in derivative
19. Stock exchanges other than recognised stock exchanges prohibited
20. [Omitted by the Securities Laws (Amdt.) Act, 1995, w.e.f. 25‑1‑1995]
LISTING OF SECURITIES
21. Conditions for listing
22. Right of appeal against refusal of stock exchange to list securities of public companies
22A. Right of appeal to Securities Appellate Tribunal against refusal of stock exchange to list securities of public companies
22B. Procedure and powers of Securities Appellate Tribunal
22C. Right to legal representation
22D. Limitation
22E. Civil Court not to have jurisdiction
22F. Appeal to High Court
PENALTIES AND PROCEDURES
23. Penalties
24. Offences by companies
25. Certain offences to be cognizable
26. Jurisdiction to try offences under this Act
MISCELLANEOUS
27. Title to dividends
27A. Right to receive income from collective investment scheme
28. Act not to apply in certain cases
29. Protection of action taken in good faith
29A. Power to delegate
30. Power to make rules
31. [Repealed]
