3. APPLICABILITY: - whole of India
OBJECTIVE:- To prevent undesirable transactions in
securities
NON APPLICABILITY ( SECTION 28):-The provision of this
act is not applicable to-
§ The government
§ RBI
§ Any corporations set up by a special law
§ Any person who is having transaction with
above entities
§ Any convertible bond or share warrant
5. RECOGNITION OF STOCK EXCHANGE:-
SECTION(3):-APPLICATION FOR RECOGNITION OF STOCK
EXCHANGE
SECTION ( 4):- GRANT OF RECOGNITION OF STOCK
EXCHANGE
SECTION (5):- WITHDRAWL OF STOCK EXCHANGE
6. RULES AND BYE-LAWS OF SCRA:-
SECTION ( 7A):-RESTRICTION OF VOTING RIGHTS BY STOCK
EXCHANGES
SECTION (8):-POWER OF CENTRAL GOVERNMENT OR SEBI TO
DIRECT RULES TO BE MADE OR TO MAKE RULES OF THE STOCK
EXCHANGE
SECTION (9):-POWER OF RECOGNISED STOCK EXCHANGE TO
MAKE BYE-LAWS
SECTION (10) :-POWER TO MAKE OR AMEND BYE – LAWS OF
RECOGNISED STOCK EXCHANGE
7. LISTING OF SECURITIES:-
MEANING:-
TYPES OF LISTING OF SECURITIES:-
vINITIAL LISTING
vLISTING FOR PUBLIC ISSUE
vLISTING FOR RIGHTS ISSUE
vLISTING OF BONUS SHARE
vLISTING FOR MERGER