Question

By which act the organisation, management, membership and functioning of stock exchanges in India are governed?

Answer 1

Answer:

_____________________________________

The organization, management, membership and functioning of stock exchanges in India are governed by the provisions of the Securities Contracts (Regulation) Act, 1956. This Act permits only recognized stock exchanges which have to function under the rules, by –laws and regulations approved by the Central Government.

_____________________________________

Answer 2

Explanation:

The Securities and Exchange Board of India (SEBI) is the regulatory authority established under the SEBI Act 1992 and is the principal regulator for Stock Exchanges in India. SEBI's primary functions include protecting investor interests, promoting and regulating the Indian securities markets.