What is Section 10 of the Securities Contracts Regulation Act 1956?
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.
What is the purpose of the Securities Contracts regulation Act 1956?
To prevent undesirable speculation in securities. To regulate the buying and selling of securities outside the limits of stock exchanges. To provide for ancillary matters e.g. promoting healthy stock market.
What is Section 9 of the Securities Contracts regulation Act 1956?
Power of recognised stock exchanges to make bye-laws. (1)Any recognised stock exchange may, subject to the previous approval of the Securities and Exchange Board of India, make bye-laws for the regulation and control of contracts.
What is the summary of SCRA act?
The SCRA regulates the contracts executed in the Indian securities markets and stock exchanges. Therefore, all those securities that are defined by the Securities and Exchange Board of India (SEBI) have to necessarily follow the terms and conditions specified under the securities contract or the SCRA.
What is the delisting of securities under Securities Contracts regulation Act 1956?
(1)A recognised stock exchange may delist the securities, after recording the reasons therefor, from any recognised stock exchange on any of the ground or grounds as may be prescribed under this Act :Provided that the securities of a company shall not be delisted unless the company concerned has been given a reasonable ...
What is the main goal of securities regulation?
Regulation should detect, deter and penalize market manipulation and other unfair trading practices. Regulation should aim to ensure that investors are given fair access to market facilities and market or price information.
What does the Securities Act require?
The Securities Act of 1933 has two basic objectives: To require that investors receive financial and other significant information concerning securities being offered for public sale; and. To prohibit deceit, misrepresentations, and other fraud in the sale of securities.
What is Section 4 of the securities contract regulation Act 1956?
(4) No application for the grant of recognition shall be refused except after giving an opportunity to the stock exchange concerned to be heard in the matter; and the reasons for such refusal shall be communicated to the stock exchange in writing.
What is Section 27 of the Securities Contracts regulation Act 1956?
(1)It shall be lawful for the holder of any security whose name appears on the books of the company issuing the said security to receive and retain any dividend declared by the company in respect thereof for any year, notwithstanding that the said security has already been transferred by him for consideration, unless ...
What is Section 16 of securities contract regulation Act?
Power to prohibit contracts in certain cases.
Does the SCRA give money back?
Servicemembers Get Money Back
Additionally, the SCRA requires that any request for a lower interest rate be followed by some form of refund.
Who is protected by SCRA?
The SCRA applies to the following servicemembers: Active duty members of the Army, Marine Corps, Navy, Air Force, and Coast Guard; Members of the Reserve component when serving on active duty; Members of the National Guard component mobilized under federal orders for more than 30 consecutive days; or.
Who is not eligible for SCRA benefits?
Servicemembers' dependents may also seek safeguards under the SCRA in limited circ*mstances, such as evictions or joint leases. Reservists or National Guard personnel not in an active-duty status are not covered under the SCRA. Also, the statute does not protect retired personnel.
What is Section 21 of the SCRA?
Conditions for listing. Where securities are listed on the application of any person in any recognised stock exchange, such person shall comply with the conditions of the listing agreement with that stock exchange.
What is Section 2 H of SCRA?
(2) Every issuer referred to in sub-clause (ie) of clause (h) of section 2 intending to offer the certificates or instruments referred therein to the public shall make an application, before issuing the offer document to the public, to one or more recognised stock exchanges for permission for such certificates or ...
What happens to shares after delisting?
Though delisting does not affect your ownership, shares may not hold any value post-delisting. Thus, if any of the stocks that you own get delisted, it is better to sell your shares. You can either exit the market or sell it to the company when it announces buyback.
How does the SEC affect you?
Protecting Investors
We protect investors by vigorously enforcing the federal securities laws to ensure truth and fairness. We deter misconduct, hold wrongdoers accountable, and provide resources to help investors evaluate their investment choices and protect themselves against fraud.
Who can issue securities?
Financial institutions and banks may issue equity or debt securities for their capital needs beyond their normal sources of funding from deposits and government grants.
What securities must be registered with the SEC?
Under the federal securities laws, every offer and sale of securities, even if to just one person, must be either registered with the SEC or conducted under an exemption from registration.
What is Section 10 of the Exchange Act?
Section 10 Manipulative and Deceptive Devices
any manipulative or deceptive device or contrivance in contravention of such rules and regulations as the Commission may prescribe as necessary or appropriate in the public interest or for the protection of investors.
What is Section 10 B of the Securities Exchange Act?
Section 10(b) of the Exchange Act and Rule 10b-5 prohibit material misrepresentations and misleading omissions in connection with the purchase or sale of securities. To prove a violation of Section 10(b) of the Exchange Act and Rule 10b-5 thereunder, the Commission must prove that the defendants acted with scienter.
What is the Section 7 of the Securities Act?
7. SECURITIES LAWS STUDY. AN ACT To provide for the regulation of securities exchanges and of over-the- counter markets operating in interstate and foreign commerce and through the mails, to prevent inequitable and unfair practices on such exchanges and markets, and for other purposes.
What is Section 22A of the Securities Contracts regulation Act 1956?
Section 22A. Right of appeal to Securities Appellate Tribunal against refusal of stock exchange to list securities of public companies.
What is Section 4a 2 of the Securities Act?
Section 4(a)(2) defines private placements as “transactions by an issuer not involving any public offering”. It is worth noting that the exemption from registration set forth under Section 4(a)(2) is relatively narrow and the SEC provides limited guidance as to what transactions fall within its scope.
What is Section 4 A )( 2 of the Securities Act and Regulation D?
Overall, Section 4(a)(2) is a broad exemption that allows companies to raise capital from a limited number of sophisticated investors without registering the offering with the SEC, while Reg D provides more specific exemptions that allow companies to put together syndications or funds to raise an unlimited amount of ...
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