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Commencement and amendment of Act 42 of 1956- Amendment of section 2

Section 133 - Acts - AMENDMENTS TO THE SECURITIES CONTRACTS (REGULATION) ACT, 1956 - FINANCE ACT, 2015 - Section 133 - PART II AMENDMENTS TO THE SECURITIES CONTRACTS (REGULATION) ACT, 1956 Commencement and amendment of Act 42 of 1956 133. [A] The pro .....

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tion) Act, 1956 (42 of 1956) (herein referred to as the Securities Contracts Act), in section 2,- (i) in clause (ac), after sub-clause (B), the following sub-clauses shall be inserted, namely:- (C) commodity derivatives; and (D) such other instrument .....

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dity derivative means a contract - (i) for the delivery of such goods, as may be notified by the Central Government in the Official Gazette, and which is not a ready delivery contract; or (ii) for differences, which derives its value from prices or i .....

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f clause (ac); ; (iii) after clause (c), the following clause shall be inserted, namely:- (ca) non-transferable specific delivery contract means a specific delivery contract, the rights or liabilities under which or under any delivery order, railway .....

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or the delivery of goods and the payment of a price therefor, either immediately, or within such period not exceeding eleven days after the date of the contract and subject to such conditions as the Central Government may, by notification in the Offi .....

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y realisation of any sum of money being the difference between the contract rate and the settlement rate or clearing rate or the rate of any offsetting contract; or (II) by any other means whatsoever, and as a result of which the actual tendering of .....

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