Question
Which of the following legislation is not related to
governing securities market in India? i. SEBI Act, 1992 ii. Depositories Act, 1996 iii. Securities Contracts (Regulation) Act, 1956 iv. Banking Regulation Act 1949Solution
The Banking Regulation Act, 1949 is legislation in India that regulates all banking firms in India. Main legislations governing Indian Securities Market are: The SEBI Act, 1992 -to protect investors and develop and regulate securities market The Companies Act, 1956 - code of conduct for the corporate sector in relation to issue, allotment and transfer of securities The Securities Contracts (Regulation) Act, 1956 - provides for regulation of transactions in securities through control over stock exchanges The Depositories Act, 1996 - for maintenance and transfer of ownership of demat securities The Prevention of Money Laundering Act, 2002 which prevents money laundering.
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