How many sections are in The Securities Contracts (Regulation) Act, 1956 (SCRA)?

The The Securities Contracts (Regulation) Act, 1956 (SCRA) contains a total of 74 sections organized across 6 chapters. The chapters are: Chapter I — PRELIMINARY — 3 sections; Chapter II — RECOGNISED STOCK EXCHANGE — 15 sections; Chapter III — CONTRACTS AND OPTIONS IN SECURITIES — 10 sections; Chapter IV — LISTING OF SECURITIES BY PUBLIC COMPANIES — 9 sections; Chapter V — PENALTIES AND PROCEDURE — 27 sections; Chapter VI — MISCELLANEOUS — 10 sections.

Where can I read the complete SCRA bare act online for free?

You can read the complete, updated text of The Securities Contracts (Regulation) Act, 1956 (SCRA) with all 74 sections for free at Law on Tips (lawontips.com). Each section includes the full legislative text with chapter-wise navigation.

What does SCRA deal with?

The Securities Contracts (Regulation) Act, 1956 (SCRA) is an Indian legislation enacted in 1956 passed by the Parliament of India. An Act to prevent undesirable transactions in securities by regulating the business of dealing therein. Read the complete bare act text with section-by-section navigation at Law on Tips.

What is the full form of SCRA?

SCRA stands for "The Securities Contracts (Regulation) Act, 1956". It is an Indian legislation containing 74 sections across 6 chapters. You can read the complete SCRA bare act with all sections at Law on Tips.

The Securities Contracts (Regulation) Act, 1956 (SCRA) - Complete Bare Act with All 74 Sections | Law on Tips

Ch. 1

PRELIMINARY

S.1Short title, extent and commencement.S.2Definitions.S.2AInterpretation of certain words and expressions.

Ch. 2

RECOGNISED STOCK EXCHANGE

S.3Application for recognition of stock exchanges.S.4Grant of recognition to stock exchanges.S.4ACorporatisation and demutualisation of stock exchanges.S.4BProcedure for corporatisation and demutualisation.S.5Withdrawal of recognition.S.6Power of Central Government to call for periodical returns or direct inquiries to be made.S.7Annual reports to be furnished to the Central Government by stock exchanges.S.7APower of recognised stock exchange to make rules restricting voting rights, etc.S.8Power of Central Government to direct rules to be made or to make rules.S.8AClearing corporation.S.9Power of recognised stock exchanges to make bye-laws.S.10Power of Securities and Exchange Board of India to make or amend bye-laws of recognised stock exchanges.S.11Power of Central Government to supersede governing body of a recognised stock exchange.S.12Power to suspend business of recognised stock exchanges.S.12APower to issue directions.

Ch. 3

CONTRACTS AND OPTIONS IN SECURITIES

S.13Contracts in notified areas illegal in certain circumstances.S.13AAdditional trading floor.S.14Contracts in notified areas to be void in certain circumstances.S.15Members may not act as principals in certain circumstances.S.16Power to prohibit contracts in certain cases.S.17Licensing of dealers in securities in certain areas.S.17APublic issue and listing of securities referred to in sub-clause (ie) of clause (h) of section 2.S.18Exclusion of spot delivery contracts from sections 13, 14, 15 and 17.S.18AContracts in derivatives.S.19Stock exchanges other than recognised stock exchanges prohibited.

Ch. 4

LISTING OF SECURITIES BY PUBLIC COMPANIES

S.21Conditions for listing.S.21ADelisting of securities.S.22Right of appeal against refusal by stock exchanges to list securities of public companies.S.22ARight of appeal to Securities Appellate Tribunal against refusal of stock exchange to list securities of public companies.S.22BProcedure and powers of Securities Appellate tribunal.S.22CRight to legal representation.S.22DLimitation.S.22ECivil Court not to have jurisdiction.S.22FAppeal to High Court.

Ch. 5

PENALTIES AND PROCEDURE

S.20-O. Power to grant immunity.S.23Penalties.S.23APenalty for failure to furnish information, return, etc.S.23BPenalty for failure by any person to enter into an agreement with clients.S.23CPenalty for failure to redress Investors grievances.S.23DPenalty for failure to segregate securities or moneys of client or clients.S.23EPenalty for failure to comply with provision of listing conditions or delisting conditions or grounds.S.23FPenalty for excess dematerialisation or delivery of unlisted securities.S.23GPenalty for failure to furnish periodical returns, etc.S.23GAPenalty for failure to conduct business in accordance with rules, etc.S.23HPenalty for contravention where no separate penalty has been provided.S.23JFactors to be taken into account by the adjudicating officer.S.23JASettlement of administrative and civil proceedings.S.23JBRecovery of amounts.S.23JCContinuance of proceedings.S.23KCrediting sum realised by way of penalties to Consolidated Fund of India.S.23LAppeal to Securities Appellate Tribunal.S.23MOffences.S.23NComposition of certain offences.S.24Offences by companies.S.25Certain offences to be cognizable S.26Cognizance of offences by courts.S.26AEstablishment of Special Courts.S.26BOffences triable by Special Courts.S.26C. Appeal and Revision.S.26DApplication of Code to proceedings before Special Court.S.26ETransitional provisions.

Ch. 6

MISCELLANEOUS

S.27Title to dividends.S.27ARight to receive income from collective investment scheme.S.27BRight to receive income from mutual fund S.28Act not to apply in certain cases.S.29Protection of action taken in good faith.S.29Apower to delegate S.30Power to make rules.S.30ASpecial provisions related to commodity derivatives.S.31Power of Securities and Exchange Board of India to make regulations.S.32Validation of certain acts.

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The Securities Contracts (Regulation) Act, 1956