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TypeBare Act JurisdictionCentral Government

Capital Issues (Control) Act, 1947 [Repealed] Section 5

Purchase and Sale of Securities

~1 min read
https://sooperkanoon.com/act/32580

Bare act section · Research

About this section

Capital Issues (Control) Act, 1947 [Repealed] Section 5 is part of Capital Issues (Control) Act, 1947 [Repealed] - Purchase and Sale of Securities. Read the section text below and explore Indian court judgments that cite it.

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Section Text

(1) No person shall accept or give any consideration for any securities in respect of an issue of capital made or proposed to be made in the States or elsewhere unless the consent or recognition of the Central Government has been accorded to such issue of capital.

(2) No person shall sell or purchase or otherwise transfer or accept transfer of any securities issued by a company in respect of any issue or capital made after the 17th day of May, 1943 in the States or elsewhere unless such issue has been made with the consent or recognition of the Central Government.

Frequently asked questions

What does Capital Issues (Control) Act, 1947 [Repealed] Section 5 provide?

Section Section 5 of the Capital Issues (Control) Act, 1947 [Repealed] (Purchase and Sale of Securities) is reproduced on this page as part of the Capital Issues (Control) Act, 1947 [Repealed]. Lawyers and researchers use it to read the statutory wording before checking how courts have applied this section in reported judgments.

How do I find judgments on Capital Issues (Control) Act, 1947 [Repealed] Section 5?

Open “Find citing judgments” on this page to search Supreme Court, High Court, and tribunal decisions that reference Capital Issues (Control) Act, 1947 [Repealed] Section 5. Advanced act search can narrow results by court, year, or additional act filters.

Is the section text on SooperKanoon official?

SooperKanoon hosts bare act text for research and quick reference. For filings or compliance in Central, confirm the wording against the official state gazette or authorized publication.

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