Business Studies · Securities Contracts (Regulation) Act, 1956
Under the Securities Contracts (Regulation) Act, 1956 (SCRA), contracts violating the bye-laws of a recognized stock exchange:
- 1Cannot be enforced under any circumstances
- 2Are automatically legal if third parties are involved
- 3Are void only for members who knowingly participated
- 4Are void for all parties✓
Correct answer
Are void for all parties
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