Notification S.O. 3387(E), dated 13th March, 1957 [N11-MVT]

As at 7 September 2026. In force from 13 March 1957.

Dates: made 13 March 1957; in force 13 March 1957; ceased none recorded. Gazette: none recorded. Band A.

Synthetic. This instrument and its words are generated by the register beneath an Act whose title, number and year are real.

Cite: Notification S.O. 3387(E), dated 13th March, 1957, S.O. 3387(E) [N11-MVT]. Machine: N11-MVT.

S.O. 3387(E).—In exercise of the powers conferred by section 10 of the Securities Contracts (Regulation) Act, 1956 (42 of 1956), 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 Securities Contracts (Regulation) Act, 1956 (42 of 1956), the Central Government, being satisfied that it is necessary in the public interest so to do". Names section 10 of the Securities Contracts (Regulation) Act, 1956 (42 of 1956) [S1D-G63]. Vires verified.

Acts on (1)

Exempts Section 4, Securities Contracts (Regulation) Act, 1956 [S1D-G0F], 13 March 1957. "section 4 of the said Act".

Acted on by (0)

none

Not held (0)

none