Section 12, Scheduled Securities (Hyderabad) Act, 1949 [S19-SAZ]

As at 6 September 2026. In force from 18 February 1949.

In Scheduled Securities (Hyderabad) Act, 1949 [A10-C8J]. This text from 18 February 1949. No other text held.

Synthetic. The words of this section are generated by the register; the title, number and year of the Act are real.

Cite: Section 12, Scheduled Securities (Hyderabad) Act, 1949 [S19-SAZ]. Machine: S19-SAZ.

12. Prohibition of the business of a stock broker without licence.—No person shall undertake the business of a stock broker except under and in accordance with the conditions of a licence granted under section 13: Provided that nothing in this section shall apply to the business of a stock broker undertaken by or on behalf of the Central Government or a State Government.

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