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What is Overview of Securities Contracts Act 1956 about?

The Securities Contracts (Regulation) Act, 1956 regulates stock exchanges in India and aims to prevent undesirable transactions in securities. The Act provides for the recognition, supervision, and control of stock exchanges. It defines key terms like "stock exchange" and sets out provisions for the application, grant, and withdrawal of recognition of stock exchanges. The Act gives stock exchanges the power to make bye-laws on various matters related to transactions on the exchange, subject to government ap

Author

prasadzinjurde

Language

EN