Section 45: Functions, duties and powers of stock exchange

The functions, duties and powers of the stock exchange shall be as follows:

(a) To carry on, or cause to be carried on, transactions in securities to be carried on through it in a transparent, fair and regular manner,

(b) In carrying on the stock exchange, to carry on, or cause to be carried on, the same, having regard to the interest of general public investors,

(c) To get its members to fully comply with this Act and the Rules and By-laws framed under this Act and monitor and supervise, or cause to be monitored and supervised, the matters pertaining thereto,

(d) To manage such a transaction place as may be adequate and convenient for operating securities transactions,

(e) To manage such employees as may be efficient in carrying on transactions,

(f) To arrange for such facilities and systems as may be adequate and proper for emergency and security provisions,

(g) To frame By-laws, with the permission of the Board, for enlisting of securities for the arrangements of the exchange, purchase or sale of securities and making provisions relating to membership,

(h) To perform or cause to be performed such other functions as may be required for the operation of the stock exchange.