Lawgist18Exclusion of spot delivery contracts from sections 13, 14, 15 and 17
(1) Nothing contained in sections 13, 14, 15 and 17 shall apply to spot delivery contracts.
(2) Notwithstanding anything contained in sub-section (1), if the Central Government is of opinion that in the interest of the trade or in the public interest it is expedient to regulate and control the business of delaying in spot delivery contracts also in any State or area (whether section 13 has been declared to apply to that State or area or not), it may, by notification in the Official Gazette, declare that the provisions of section 17 shall also apply to such State or area in respect of spot delivery contracts generally or in respect of spot delivery contracts for the sale or purchase of such securities as may be specified in the notification, and may also specify the manner in which, and the extent to which, the provisions of that section shall so apply.
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- 13 Contracts in notified areas illegal in certain circumstances
- 13A Additional trading floor
- 14 Contracts in notified areas to be void in certain circumstances
- 15 Members may not act as principals in certain circumstances
- 16 Power to prohibit contracts in certain cases
- 17 Licensing of dealers in securities in certain areas
- 17A Public issue and listing of securities referred to in sub-clause (ie) of clause (h) of section 2
- 18 Exclusion of spot delivery contracts from sections 13, 14, 15 and 17
- 18A Contracts in derivatives
- 19 Stock exchanges other than recognised stock exchanges prohibited
- 20 [Omitted.]
