Amendment of section 18A
161. Section 18A of the Securities Contracts Act shall be numbered as sub-section (1) thereof and after sub-section (1) as so numbered, the following sub-section shall be inserted, namely:-
‘‘(2) The contracts in derivative shall, subject to sub-section (1), be notified by the Central Government.’’.
Notes on Clauses:
Clause 161 of the Bill seeks to amend section 18-A of the securities contracts (Regulation) Act, 1952 relating to contracts in derivatives so as to empower the central Government to notify such contracts in derivatives.
