Section 40, Securities and Exchange Board of India Act, 1992 [S1W-YN1]

As at 7 September 2026. In force from 28 April 1992.

In Securities and Exchange Board of India Act, 1992 [A11-1F5]. This text from 28 April 1992. 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 40, Securities and Exchange Board of India Act, 1992 [S1W-YN1]. Machine: S1W-YN1.

40. 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 41: 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 and Exchange Board of India Act, 1992 [S1WXFW] (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)

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Cited by (0)

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Not held (0)

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Duties published under this section (0)

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