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Section 18A: Contracts in derivatives.

The Securities Contracts (Regulation) Act, 1956Central Act · Act 42 of 1956

[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 [stock exchange; or] in accordance with the rules and bye-laws of such stock exchange.]

[(c) between such parties and on such terms as the Central Government may, by notification in the Official Gazette, specify.]

Where this provision sits

ActThe Securities Contracts (Regulation) Act, 1956
Section18A
Marginal noteContracts in derivatives.
JurisdictionCentral
StatusIn force as published by the source

How this provision has been amended

Taken from the footnotes printed with the provision by the source. Where a footnote names the amending instrument, it is quoted as printed.

  • inserted, Act 31 of 1999. . Ins. by Act 31 of 1999, s. 3 (w.e.f. 22-2-2000).
  • substituted, Act 20 of 2015. . Subs. by Act 20 of 2015, s. 134, for "stock exchange ," (w.e.f. 14-5-2015)
  • inserted, Act 20 of 2015. . Ins. by Act 20 of 2015, s. 134 (w.e.f. 14-5-2015)

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