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The Securities Contract (Regulations) Act 1956 is not applicable to which among the following?

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The Securities Contract (Regulations) Act 1956 is not applicable to which among the following?
1). The Reserve Bank of India 
2). The Government of India 
3). Any local authority or corporation set up by a special law
4). Both 1 and 2


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Answered by on | Votes 1 |

The provisions of the Securities Contract (Regulations) Act 1956 are not applicable to the following:

  • The Government of India 
  • The Reserve Bank of India 
  • Any local body or corporation set up according to a special law 
  • Any person who has effected a transaction with or through the agency of any of the above authorities

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