NISM Series VI: DOCE Exam Notes

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  • SEBI has power to register and regulate all market intermediaries and also to penalize then in case of violation of the provisions of the Act.
  • The orders of SEBI under the securities laws are appealable before a Securities Appellate Tribunal. The powers under the Companies Act relating to issue and transfer of securities and non-payment of dividend are administered by SEBI
  • Securities Contracts (Regulation) Act, 1956 : This Act provides for direct and indirect control of virtually all aspects of security trading and the running of stock exchanges and aims to prevent undesirable transactions in securities.
  • SCRA gives central Govt. and SEBI regulatory jurisdiction over - a) stock exchange through a process of recognition and continued supervision, b) contracts in securities, and c) Listing of securities on stock exchanges.
  • The stock exchanges determine their own listing regulations which have to conform to the minimum listing criteria set out in the Securities Contract Rules.

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