Section 5, Securities Contracts (Regulation) Act, 1956 [S1D-G1D]

As at 7 September 2026. In force from 13 June 1956.

In Securities Contracts (Regulation) Act, 1956 [A10-F0E]. This text from 13 June 1956. 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 5, Securities Contracts (Regulation) Act, 1956 [S1D-G1D]. Machine: S1D-G1D.

5. Prohibition of dealing in securities without licence.—No person shall undertake dealing in securities except under and in accordance with the conditions of a licence granted under section 6: Provided that nothing in this section shall apply to dealing in securities undertaken by or on behalf of the Central Government or a State Government.

Defined terms in this text (1)

securities: Section 2, Securities Contracts (Regulation) Act, 1956 [S1DFY5] (In this Act, unless the context otherwise requires,—): "securities" has the meaning assigned to it in clause (h) of section 2 of the Securities Contracts (Regulation) Act, 1956 (42 of 1956)

securities: 13 more definitions.

Made under this section, or naming it (0)

none

Cited by (1)

Section 11, Securities Contracts (Regulation) Act, 1956 [S1D-G71], 13 June 1956, Band A. "section 5".

Not held (0)

none

Duties published under this section (0)

none