Page 331 - DCOM404_CORPORATE_LEGAL_FRAMEWORK

Corporate Legal Framework

Notes 6. ....................., which provides for regulation of transactions in securities through control
over stock exchanges
7. ..................... which provides for electronic maintenance and transfers of ownership of
demat securities.

8. Securities Contracts (Regulation) Act, 1956 provides for direct and indirect control of
virtually all aspects of securities trading and the running of stock exchanges and aims to
..................... in securities
9. ..................... should have adequate knowledge of trading, stock valuation, share transfer
rules and relation.
10. A ....................., under all its schemes taken together, will not own more than 10 % of any
company’s paid up capital carrying voting rights.

14.13 Review Questions

1. Write on powers and functions of SEBI.

2. Explain briefly the organisation (management of SEBI).

3. Explain briefly the regulatory framework of the Securities Market.
4. Write a note on Securities Contracts (Regulation) Act, 1956.
5. Write about the Depositories Act, 1996.
6. Give an insight on the regulation of OTCEI.
7. What are criteria for admission of licensed dealers?

8. Write a note on the regulation of investment of a mutual fund.

Answers: Self Assessment

1. operational department 2. SEBI
3. Board 4. securities markets
5. 1992 6. The Securities Contracts (Regulation) Act, 1956
7. The Depositories Act, 1996 8. prevent undesirable transactions

9. Licensed dealers 10. mutual fund
14.14 Further Readings

Books G. Vijayaragavan Iyengar, Introduction to Banking, Excel Books, New Delhi,
India, 2007
S.S Gulshan, Business Law, Third Edition, Excel Books, New Delhi, 2006
S.S Gulshan, Mercantile Law, Third Edition, Excel Books, New Delhi, 2006

Online links http://investor.sebi.gov.in/

http://www.sebi.gov.in/Index.jsp?contentDisp=Section&sec_id=3

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