Secondary Market
Secondary Market
Secondary Market
It has power to grant recognition to stock exchanges and regulation of their
operations
Securities and Exchange Board of India
SEBI has the power to regulate the business of stock exchanges, other
regulated market.
Members of Stock Exchange
The Securities Contract Regulation Act, 1956
provides certain regulations for the admission of an
individual in the stock exchange.
Following are the qualifications an individual must
possess in order to become a member of the stock
exchange:
S/he must be 21 years of age.
S/he should be a citizen of India.
S/he should not be insolvent.
S/he should not be convicted for malpractices.
S/he should satisfy the capital adequacy norm.
Types of Orders
The investors place the buying and selling orders of shares
with the members of the stock exchange.
Orders are of the following types:
Limit order: It is an order in which the transactions are