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Securities Contracts Regulation Act, 1956 (42 of 1956) Section 23C

Title: Penalty for Failure to Redress Investors Grievances

State: Central

Year: 1956

1[Section 23C - Penalty for failure to redress Investors grievances If any stock broker or sub-broker or a company whose securities are listed or proposed to be listed in a recognised stock exchange, after having been called upon by the Securities and Exchange Board of India or a recognised stock exchange in writing, to redress the grievances of the investors, fails to redress such grievances within the time stipulated by the Securities and Exchange Board of India or a recognised stock exchange, he or it shall be liable to a penalty of one lakh rupees for each day during which such failure continues or one crore rupees, whichever is less.] _______________________ 1. Inserted vide The Securities Laws (Amendment) Act, 2004

Securities Contracts Regulation Act, 1956 (42 of 1956) Amending Act 5

Title: Securities Laws (Amendment) Act,2004

State: Central

Year: 1956

THE SECURITIES LAWS (AMENDMENT) ACT, 2004 [Act, No. 1 of 2005] [6th January, 2005] PREAMBLE A Act further to amend the Securities Contracts (Regulation) Act, 1956 and the Depositories Act 1996. Be it enacted by Parliament in the Fifty Fifth year of Republic of India as follows:- CHAPTER I PRELIMINARY 1. Short title and commencement (1) This Act may be called the Securities Laws (Amendment) Act, 2004. (2) It shall come be deemed to have come into force on the 12th day of October, 2004. CHAPTER II AMENDMENTS TO THE SECURITIES CONTRACTS (REGULATION) ACT, 1956 2. Amendment of Section 2 In Section 2 of the Securities Contracts (Regulation) Act, 1956 (42 of 1956) (hereafter in this Chapter referred to as the principal Act),- (i) clause (aa) shall be re-lettered as clause (ac) thereof and before the clause (ac) as so re-lettered, the following clauses shall be inserted, namely:- '(aa) "corporatisation" means the succession of a recognised stock exchange, being a body of individuals or a society registered under the Societies Registration Act, 1860 (21 of 1860), by another stock exchange, being a company incorporated for the purpose of assisting,.....

Companies Act, 1956 Part 4

Title: Share Capital and Debentures

State: Central

Year: 1956

.....company who is in default, shall be punishable with fine which may extend to3[five hundred rupees]. ________________________ 1.Substituted by Act 11 of 2003, Section 14, for "Court". 2.Substituted by Act 31 of 1965, Section 62 and Schedule, for "fifteen" (w.e.f. 15-10-1965). 3. Substituted by Act 53 of 2000, Section 43, for "fifty rupees" (w.e.f. 13-12-2000). Section 108 to 112 - Transfer of shares and debentures Section 108 - Transfer not to be registered except on production of instrument of transfer (1) A company shall not register a transfer of shares in, or debentures of, the company, unless a proper instrument of transfer duly stamped and executed by or on behalf of the transferor and by or on behalf of the transferee and specifying the name, address and occupation, if any, of the transferee, has been delivered to the company along with the certificate relating to the shares or debentures or if no such certificate is in existence, along with the letter of allotment of the shares or debentures: Provided that where, on an application in writing made to the company by the transferee and bearing the stamp required for an instrument of transfer, it is proved.....

Companies Act, 1956 Section 117B

Title: Appointment of Debenture Trustees and Duties of Debenture Trustees

State: Central

Year: 1956

.....Government] and the2[Central Government] may, after hearing the company and any other person interested in the matter, by an order, impose such restrictions on the incurring of any further liabilities as the2[Central Government] thinks necessary in the interests of holders of the debentures.] 3[Provided that in the case of revival and rehabilitation of a sick industrial company under Part VIA, the provisions of this section shall have effect as if for the words "Central Government", the word "Tribunal" had been substituted.] _______________________ 1. Inserted by Act 53 of 2000, section 48 (w.e.f. 13-12-2000). 2. Substituted by Act 11 of 2003, section 17, for "Company Law Board". 3. Inserted by Act 11 of 2003, section 17.

Securities Contracts Regulation Act, 1956 (42 of 1956) Complete Act

Title: Securities Contracts Regulation Act, 1956 (42 of 1956)

State: Central

Year: 1956

.....stock exchange to make rules restricting voting rights, etc. Section8 - Power of Central Government to direct rules to be made or to make rules Section8A - Clearing corporation Section9 - Power of recognised stock exchanges to make byelaws Section10 - Power of Central Government to make or amend byelaws of recognised stock exchanges Section11 - Power of Central Government to supersede governing body of a recognised stock exchange Section12 - Power to suspend business of recognised stock exchanges Section12A - Power to issue directions Section13 - Contracts in notified areas illegal in certain circumstances Section13A - Additional trading floor Section14 - Contracts in notified areas to be void in certain circumstances Section15 - Members may not act as principals in certain circumstances Section16 - Power to prohibit contracts in certain cases Section17 - Licensing of dealers in securities in certain areas Section17A - Public issue and listing of securities referred to in sub-clause (ie) of clause (h) of section 2 Section18 - Exclusion of spot delivery contracts from Sections. 13, 14, 15 and 17 Section18A - Contracts in derivatives Section19 - Stock.....

Companies Act, 1956 Complete Act

State: Central

Year: 1956

.....as in the (Depositories Act, 1996) (22 of 1996); (12B) "derivative" has the same meaning as in clause (aa) of (S.2 of the Securities Contracts (Regulation) Act, 1956) (42 of 1956);] (13) "director" includes any person occupying the position of director, by whatever name called; (14) "District Court" means the principal Civil Court of original jurisdiction in a district, but does not include a High Court in the exercise of its ordinary original civil jurisdiction ; [(14A) "dividend" includes any interim dividend;] (15) "document" includes summons, notice, requisition, order, other legal process, and registers, whether issued, sent or kept in pursuance of this or any other Act or otherwise ; [(15A) "employees stock option" means the option given to the whole-time directors, officers or employees of a company, which gives such directors, officers or employees the benefit or right to purchase or subscribe at a future date, the securities offered by the company at a pre-determined price;] (16) "existing company" means an existing company as defined in (section 3); (17) "financial year" means, in relation to any body corporate, the period in respect of which.....