Securities Contracts (Regulation) Act, 1956

Securities Contracts (Regulation) Act, 1956 enables the Exchange to resort to suspension and expulsion of the members, in accordance with its approved Byelaws and Rules*
SC-In an Appeal against the order of the *Securities Appellate Tribunal,* the *Hon’ble SC* has opined that *sec. 9* of the *Securities Contracts (Regulation) Act* clearly provides that all contracts/deals on the market are subject to the Byelaws (including Regulations, operational parameters etc. issued under the Byelaws) and Rules of the *National Stock Exchange of India.*
Read the full judgment with iDRAF (Issue,Decision,Reasoning,Arguments,Facts):
RUSODAY SECURITIES LTDv.NATIONAL STOCK EXCHANGE OF INDIA LTD. & ORS