Business Studies · Securities Contracts (Regulation) Act, 1956
According to Section 8 of the Securities Contracts (Regulation) Act, 1956, if a recognized stock exchange fails to make or amend rules as directed:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1SEBI automatically suspends its recognition
- 2The Central Government may make or amend such rules itself✓
- 3The exchange's board stands dissolved
- 4The matter is referred to Parliament
Correct answer
The Central Government may make or amend such rules itself
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