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    Question

    Which Section of SCRA prohibits stock exchanges other

    than recognized stock exchanges?
    A Section 17 Correct Answer Incorrect Answer
    B Section 18 Correct Answer Incorrect Answer
    C Section 18A Correct Answer Incorrect Answer
    D Section 19 Correct Answer Incorrect Answer
    E Section 21 Correct Answer Incorrect Answer

    Solution

    Ā  Section 19: Stock exchanges other than recognized stock exchanges prohibited This section explicitly prohibits any person from organizing, assisting in organizing, or being a member of any stock exchange other than a recognized stock exchange for the purpose of assisting in, entering into, or performing any contracts in securities, except with the permission of the Central Government.

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