Business Studies · Securities Contracts (Regulation) Act, 1956
Under the Securities Contracts (Regulation) Act, 1956 (SCRA), contracts in certain notified areas are declared illegal if:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1They involve spot delivery of securities
- 2They are executed between two members of the same recognized exchange
- 3They are made outside the stock exchange between non-members, unless permitted by SEBI✓
- 4They involve only government securities
Correct answer
They are made outside the stock exchange between non-members, unless permitted by SEBI
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