Securities Contracts (Regulation) Act, 1956

Section - 12A - Power to issue directions

[Power to issue directions.

12A. [(1)] If, after making or causing to be made an inquiry, the Securities and Exchange Board of India is satisfied that it is necessary-

(a)	-	in the interest of investors, or orderly development of securities market; or
(b)	-	to prevent the affairs of any recognised stock exchange or clearing corporation, or such other agency or person, providing trading or clearing or settlement facility in respect of securities, being conducted in a manner detrimental to the interests of investors or securities market; or
(c)	-	to secure the proper management of any such stock exchange or clearing corporation or agency or person, referred to in clause (b),