LawgistThe Securities Contracts (Regulation) Act
18AContracts in derivatives
1[18A. Contracts in derivatives.--Notwithstanding anything contained in any other law for the lime being in force, contracts in derivative shall be legal and valid if such contracts are--
(a) traded on a recognised stock exchange;
(b) settled on the clearing house of the recognised 2[stock exchange; or] in accordance with the rules and bye-laws of such stock exchange.]
3[(c) between such parties and on such terms as the Central Government may, by notification in the Official Gazette, specify.]
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1. Ins. by Act 31 of 1999, s. 3 (w.e.f. 22-2-2000).
2. Subs. by Act 20 of 2015, s. 134, for "stock exchange ," (w.e.f. 14-5-2015)
3. Ins. by Act 20 of 2015, s. 134 (w.e.f. 14-5-2015)
CONTRACTS AND OPTIONS IN SECURITIES
- 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.]
