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

Section 133 - AMENDMENTS TO THE SECURITIES CONTRACTS (REGULATION) ACT, 1956 - Finance Act - Section 133 - PART II AMENDMENTS TO THE SECURITIES CONTRACTS (REGULATION) ACT, 1956 Commencement and amendment of Act 42 of 1956 133. [A] The provisions of this Part shall come into force on such date as the Central Government may, by notification, appoint and different dates may be appointed for different provisions of this Part. Amendment of section 2 [B] In the Securities Contracts (Regulation) Act, 19 .....

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ve 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 indices of prices of such underlying goods or activities, services, rights, interests and events, as may be notified by the Central Government, in consultation with the Board, but does not include securities as referred to in sub-clauses (A) and (B) of clause (ac) .....

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ry 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 Official Gazette, specify in respect of any goods, the period under such contract not being capable of extension by the mutual consent of the parties thereto or otherwise: Provided that where any such contract is performed either wholly or in part; (I) by realisation .....

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