New Click here to Enroll for SIDBI MSME Expert Classes by Experts

    Register

    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 1949
    A Only i Correct Answer Incorrect Answer
    B Only i & ii Correct Answer Incorrect Answer
    C Only ii & iii Correct Answer Incorrect Answer
    D Only iv Correct Answer Incorrect Answer
    E All of the above are correct Correct Answer Incorrect Answer

    Solution

    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.

    Practice Next