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TMI BlogPower to prohibit contracts in certain cases - Notified contractsX X X X Extracts X X X X X X X X Extracts X X X X ..... India under section 16 of the Securities Contracts (Regulation) Act, 1956 (42 of 1956) vide Government of India Notification No. 183(E) dated 1st March, 2000, issued under section 29A of the Act, ibid., the Reserve Bank of India-- Being of the opinion that it is necessary to prevent undesirable speculation in securities in the whole of India, hereby declares that no person in the territory to whi ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... sidiary General Ledger account with the Public Debt Office of the Reserve Bank of India; (b) a scheduled bank or a non-banking financial company registered with Reserve Bank of India (other than Government Companies as defined in section 617 of the Companies Act, 1956) or a housing finance company registered with National Housing Bank, or a mutual fund registered with Securities and Exchange Boa ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... c Debt Office of the Reserve Bank of India: Provided further that no ready forward contracts may be entered into between a person or entity maintaining Subsidiary General Ledger account with Public Debt Office of the Reserve Bank of India with another person or entity maintaining a Gilt account with itself: Provided further that all ready forward contracts shall be settled through a Subsidiary G ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... guidelines or directions issued under the Reserve Bank of India Act, 1934 (2 of 1934) or the Banking Regulation Act, 1949 (10 of 1949) or the Foreign Exchange Management Act, 1999 by the Reserve Bank of India. (c) the provisions contained in the notifications issued by the Reserve Bank of India under the Securities Contracts (Regulation) Act, 1956 (42 of 1956). Explanation For the purpose of ..... X X X X Extracts X X X X X X X X Extracts X X X X
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