The Securities Contracts (Regulation) Act, 1956

The Securities Contracts (Regulation) Act, 1956 is a crucial Indian law that aims to regulate the securities market in India. The act provides for the regulation of contracts of securities and the control of stock exchanges and securities markets in India. The primary objective of the act is to ensure that the securities market is transparent and fair for investors and to prevent malpractices and fraudulent activities in the securities market. The act also provides for the registration and regulation of intermediaries like brokers, sub-brokers, and other market intermediaries involved in the securities market. The act empowers the Securities and Exchange Board of India (SEBI) to regulate and monitor the securities market in India and to take necessary measures to protect the interests of investors.