Power to prohibit contracts in certain cases.

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.... cases. ^1 16. (1) If the Central Government is of opinion that it is necessary to prevent undesirable speculation in specified securities in any State or area, it may, by notification in the Offic....

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....r the date of notification issued thereunder shall be illegal.   *********** 1 Powers are exercisable by SEBI also vide S. O. 573 (E), Dated 30-07-1992, published in the Gazette of India....