The Securities Contracts (Regulation) Act, 1956 also known as SCRA is an Act of the Parliament of India enacted to prevent undesirable exchanges in securities and to control the working of stock exchange in India. Definitions. 2. In this Act, unless the context otherwise requires,- (a) "contract" means a contract for or relating to the purchase or sale of securities; An Act to prevent undesirable transactions in securities by regulating the business of dealing therein, by providing for certain other matters connected therewith. 20th February, 1957, vide notification No. S.R.O. 528, dated 16th February, 1957, see Gazette of India, Extraordinary, Part II, sec. 3. Section 1. Short title, extent and commencement. (1) This Act may be called the Securities Contracts (Regulation) Act, 1956. (2) It extends to the whole of India. (3) It shall come into force on such date' as the Central Government may, by notification in the Official Gazette, appoint. Full text containing the act, Securities Contracts (Regulation) Act, 1956, with all the sections, schedules, short title, enactment date, and footnotes. Clauses 13 and 14 of the Bill impose certain restrictions on transactions in securities carried on in or outside the recognised stock exchanges, while clause 19 specifically prohibits dealing in options in securities. SECURIMESCONTRACTS (REGULATION) ACT, 1956 stock exchange in accordance with a scheme approved by the Securities and Exchange Board of India;] "derivative" includes— (A) a security derived from a debt instrument, share, loan, whether secured or unsecured, risk instrument or contract for differences or any other form of security; (B) a ...
