Question
Who has the power to suspend the business of recognized
stock exchange in case of emergency?Solution
Section 12 of SC(R ) A - Power to suspend business of recognised stock exchanges. If in the opinion of the Central Government an emergency has arisen and for the purpose of meeting the emergency the Central Government considers it expedient so to do, it may, by notification in the Official Gazette, for reasons to be set out therein, direct a recognised stock exchange to suspend such of its business for such period not exceeding seven days and subject to such conditions as may be specified in the notification.Â
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