Clause 156 - Amendment of section 21. - Finance Bill, 2015

Amendment of section 21. 156. In section 45U of the Reserve Bank Act,-- (I) in clause (a),-- (i) the words and brackets price of securities (also called underlying ) shall be omitted; (ii) after the words such other instruments , the words not being a security shall be inserted; (II) in clause (b), after the words such other debt instrument , the words which is not a security shall be inserted; (III) in clause (c), for the words securities , the words corporate bonds and debentures shall be substituted; (IV) in clause (d), for the words securities , the words corporate bonds and debentures shall be substituted; (V) in clause (e), the words and, for the purposes of repo or reverse repo including corporate bonds and debentures shall be omitted.