Securities Contracts (Regulation) Act provides rules to prevent undesirable securities transactions and sets commencement by government notification. The Act establishes regulation of securities dealings to prevent undesirable transactions. Section 1 provides the short title as the Securities Contracts (Regulation) Act, 1956, declares its territorial extent as the whole of India, and prescribes commencement by notification of the Central Government in the Official Gazette, with an amendment note removing a prior phrase.
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Provisions expressly mentioned in the judgment/order text.
Securities Contracts (Regulation) Act provides rules to prevent undesirable securities transactions and sets commencement by government notification.
The Act establishes regulation of securities dealings to prevent undesirable transactions. Section 1 provides the short title as the Securities Contracts (Regulation) Act, 1956, declares its territorial extent as the whole of India, and prescribes commencement by notification of the Central Government in the Official Gazette, with an amendment note removing a prior phrase.
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