Section 49: Ceiling of securities transactions may be fixed

1) The Board may fix the ceiling of securities that can be transacted at one time or the ceiling of securities that any one person can purchase, sell and hold at one time as prescribed.

2) In fixing the ceiling pursuant to sub-section (1), several ceilings may be determined based on the types of securities or types of transactions.

3) Without prejudice to the generality of sub-section (1), the Board may specify or fix the maximum limit of securities of any type that one person may own at one time in such manner as prescribed.