Title: Securities Contracts (Regulation) Act, 1954
Preamble:
The objective of this act is to regulate trading in securities, ensure fair practices, protect investors, and prevent malpractices in the securities markets. The act establishes rules for licensing stock exchanges, the registration of securities, and oversight of market intermediaries. It also seeks to establish a foundation for the proper functioning of the stock exchanges under the oversight of SEBI (Securities and Exchange Board of India).
CHAPTER 1: DEFINITIONS AND APPLICABILITY
Section 1: Short Title, Extent, and Commencement
This act shall be called the Securities Contracts (Regulation) Act, 1954.
It extends to the whole of India and shall come into force immediately upon its enactment.
Section 2: Definitions
