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Insertion of new section 30A- Special provisions related to commodity derivatives

Section 135 - AMENDMENTS TO THE SECURITIES CONTRACTS (REGULATION) ACT, 1956 - Finance Act - Section 135 - Insertion of new section 30A 135. After section 30 of the Securities Contracts Act, the following section shall be inserted, namely:- Special provisions related to commodity derivatives 30A. (1) Nothing contained in this Act shall apply to non-transferable specific delivery contracts: Provided that no person shall organise or assist in organising or be a member of any association in any area .....

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purchase of any goods or class of goods, the Central Government may, by notification, declare that in the said area or any part thereof as may be specified in the notification all or any of the provisions of this Act shall not apply to transferable specific delivery contracts for the sale or purchase of the said goods or class of goods either generally, or to any class of such contracts in particular. (3) Notwithstanding anything contained in sub-section (1), if the Central Government is of the .....

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