Sri Lanka Consolidated Acts

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Securities Council Act (No. 36 of 1987)


           Long Title

   1.	   Short title and date of operation  
   2.	   Establishment and Constitution of the Securities Council  
   3.	   Membership of the Council  
   4.	   Term of office of appointed members  
   5.	   Removal and Resignation of appointed members  
   6.	   Remuneration of members  
   7.	   Meeting of the Council  
   8.	   Chairman of the Council  
   9.	   Members to disclose any interest in any decision to be made by the Council  
   10.	   Acts not invalidated by reason of a vacancy  
   11.	   Seal of the Council  
   12.	   Objects of the Council  
   13.	   "Powers, duties and functions of the Council  
   14.	   Powers of inspection amp;c. of the Council  
   15.	   Grant of a licence as a stock exchange or as a stock broker or stock dealer  
   16.	   Terms and conditions to be complied with for the grant of a licence to a stock exchange  
   17.	   Terms and conditions to be complied with for the grant of a licence to a stock dealer or a stock broker  
   18.	   Terms and conditions to be complied with by an individual for the grant of a 1icennce as a stock or broker or stock dealers  
   19.	   Grant of certificate  
   20.	   Renewal of licence  
   21.	   Cancellation of a licence granted to a stock broker or a stock dealer  
   22.	   Appeal from a refusal, cancellation or suspension  
   23.	   Consequence of death, resignation, expiration amp;c. of a licensed stock broker or a licensed stock dealer  
   24.	   In case such rules are disallowed the Council shall give reasons for such disallowance  
   25.	   Alteration of any particulars furnished  
   26.	   Section - 26  
   27.	   Lending or borrowing of securities without consent of customer prohibited  
   28.	   Procedure to be adopted for sale of shares listed in a stock exchange  
   29.	   Trading listed securities outside a stock exchange prohibited  
   30.	   Use of words stock exchange  stock broker" of stock dealer "  
   31.	   No licensed stock broker to be licensed as a dealer amp;c  
   32.	   Prohibition on trading in listed securities by insiders, amp;c  
   33.	   prohibition on anuse of information obtained in official capacity  
   34.	   Interpretation of this Part  
   35.	   Fund of the Council  
   36.	   Financial year  
   37.	   Audit of Accounts  
   38.	   Compensation Fund  
   39.	   Appointment of Compensation Committee  
   40.	   Application for compensation  
   41.	   Payment of Compensation  
   42.	   Director-General  
   43.	   Staff of the Council  
   44.	   Appointment of officers and servants of public corporations to the staff of the Council  
   45.	   Returns and Information.   
   46.	   Establishment of Committee to hear Complaints of share holders  
   47.	   Members and employees of the Council deemed to be public servants  
   48.	   Council deemed to be a Scheduled institution within the meaning of the Bribery Act  
   49.	   Furnishing of information, amp;c. to the Minister  
   50.	   Protection for section taken under the Act  
   51.	   Offences  
   52.	   Regulations made by the Minister  
   53.	   Rules made by the Council  
   54.	   Amendment to the Companies Act, No. 17 of 1982  
   55.	   Interpretation  

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