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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

      ย  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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