Start learning 50% faster. Sign in now
Section 9. Power of recognised stock exchanges to make bye-laws: (2) In particular, and without prejudice to the generality of the foregoing power, such bye-laws may provide for-- (a) the opening and closing of markets and the regulation of the hours of trade; (b) a clearing house for the periodical settlement of contracts and differences there under, the delivery of and payment for securities, the passing on of delivery orders and the regulation and maintenance of such clearing house; (c) the submission to the 1[Securities and Exchange Board of India] by the clearing house as soon as may be after each periodical settlement of all or any of the following particulars as the Securities and Exchange Board of India may, from time to time, require, namely:-- (i) the total number of each category of security carried over from one settlement period to another; (ii) the total number of each category of security, contracts in respect of which have been squared up during the course of each settlement period; (iii) the total number of each category of security actually delivered at each clearing; (d) the publication by the clearing house of all or any of the particulars submitted to the Securities and Exchange Board of India under clause (c) subject to the directions, if any, issued by the Securities and Exchange Board of India in this behalf; (e) the regulation or prohibition of blank transfers; (f) the number and classes of contracts in respect of which settlements shall be made or differences paid through the clearing house; (g) the regulation, or prohibition of budlas or carry-over facilities; (h) the fixing, altering or postponing of days for settlements; (i) the determination and declaration of market rates, including the opening, closing, highest and lowest rates for securities; (j) the terms, conditions and incidents of contracts, including the prescription of margin requirements, if any, and conditions relating thereto, and the forms of contracts in writing; (k) the regulation of the entering into, making, performance, rescission and termination, of contracts, including contracts between members or between a member and his constituent or between a member and a person who is not a member, and the consequences of default or insolvency on the part of a seller or buyer or intermediary, the consequences of a breach or omission by a seller or buyer, and the responsibility of members who are not parties to such contracts; (l) the regulation of taravani business including the placing of limitations thereon; (m) the listing of securities on the stock exchange, the inclusion of any security for the purpose of dealings and the suspension or withdrawal of any such securities, and the suspension or prohibition of trading in any specified securities; (n) the method and procedure for the settlement of claims or disputes, including settlement by arbitration; (o) the levy and recovery of fees, fines and penalties; (p) the regulation of the course of business between parties to contracts in any capacity; (q) the fixing of a scale of brokerage and other charges; (r) the making, comparing, settling and closing of bargains; (s) the emergencies in trade which may arise, whether as a result of pool or syndicated operations or cornering or otherwise, and the exercise of powers in such emergencies, including the power to fix maximum and minimum prices for securities; (t) the regulation of dealings by members for their own account; (u) the separation of the functions of jobbers and brokers; (v) the limitations on the volume of trade done by any individual member in exceptional circumstances; (w) the obligation of members to supply such information or explanation and to produce such documents relating to the business as the governing body may require.
What edition of the bilateral Japan-India Maritime Exercise (JIMEX 24) took place in June 2024?
SASTRA Ramanujan Prize, recently seen in the news, is awarded for the contribution in:
Which source states that man by himself is only half-man and his second half is the wife?
Recently, which India-born author has been named the winner of the 2023 British Academy Book Prize?
Consider the following statements-
1.The boundary line of the national park is defined by legislation.
2.Reserved biozones are declared fo...
Who was awarded the first 'Udyog Ratna' award instituted by the Maharashtra government?
Which of the following state won the Senior National Men’s Handball Championship for the first time in 2025?
The NPS Vatsalya scheme, launched in September 2024, allows parents to invest in pension accounts for whom?
Which medal did Neeraj Chopra win in the Zurich Diamond League Championship 2023?
How many moons have been recently discovered around the planet Jupiter?