Securities Contracts (Regulation) Act, 1956
Section - 11 - Power of Central Government to supersede governing body of a recognised stock exchange
Power of Central Government to supersede governing body of a recognised stock exchange.11. (1) Without prejudice to any other powers vested in the Central Government under this Act, where the Central Government is of opinion that the governing body of any recognised stock exchange should be superseded, then, notwithstanding anything contained in any other law for the time being in force, in the Central Government may serve on the governing body a written notice that the Central Government is considering the supersession of the governing body for the reasons specified in the notice and after giving an opportunity to the governing body to be heard in the matter, it may, by notification in the Official Gazette, declare the governing body of such stock exchange to be superseded, and may appoint any person or persons to exercise and perform all the powers and duties of the governing body, and, where more persons than one are appointed, may appoint one of such persons to be the chairman and another to be the vice-chairman thereof.(2) On the publication of a notification in the Official Gazette under sub-section (1), the following consequences shall ensue, namely:-
| (a) | - | the members of the governing body which has been superseded shall, as from the date of the notification of supersession, cease to hold office as such members; |
| (b) | - | Google Play store
24 August 2026
Semi-Qualified CA/CA Finalist - Tax, GST, Audit & AccountsBharat Shah & Associates Mumbai CA Inter View Details
17 August 2026
Chartered Accountant with US GAAP ExperienceAustin Med Solutions Pvt Ltd Bengaluru CA View Details
09 September 2026
Semi Qualified CA / CA Inter - 2 Groups ClearedGetmyca Consultant Pvt Ltd New Delhi CA Inter View Details
Featured
11 September 2026
Audit ExecutiveRBSM Corporate Advisors Private Limited Pune CA View Details
CCI
Pro
|
CAclubindia
