Notification S.O. 3651(E), dated 27th May, 1952 [N11-HY4]
As at 7 September 2026. In force from 27 May 1952.
S.O. 3651(E).—In exercise of the powers conferred by section 10 of the Scheduled Securities (Hyderabad) Act, 1949 (7 of 1949), the Central Government, being satisfied that it is necessary in the public interest so to do, hereby exempts stocks broker whose the business of an intermediary does not exceed one lakh rupees in value in a financial year from the provisions of section 4 of the said Act, subject to the condition that every such person shall intimate the Board in writing of the commencement of the business of an intermediary within fifteen days of such commencement.
Made under
Recital: "In exercise of the powers conferred by section 10 of the Scheduled Securities (Hyderabad) Act, 1949 (7 of 1949), the Central Government, being satisfied that it is necessary in the public interest so to do". Names section 10 of the Scheduled Securities (Hyderabad) Act, 1949 (7 of 1949) [S19-S8V]. Vires verified.
Acts on (1)
Exempts Section 4, Scheduled Securities (Hyderabad) Act, 1949 [S19-S2F], 27 May 1952. "section 4 of the said Act".
Acted on by (0)
none
Not held (0)
none