9911796707
TMI BlogCommencement and amendment of Act 42 of 1956 -Amendment of section 2X X X X Extracts X X X X X X X X Extracts X X X X ..... nt 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, 1956 (42 of 1956) (herein referred to as Securities Contracts Act), in section 2,-- (i) in clause (ac), after sub-clause (B), the following sub-clauses shall be inserted, namely:-- "(C) repo and reverse repo; (D) ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ctivities, services, rights, interests and events, as may be notified by the Central Government, in consultation with the Board, but does not include securities;'; (iv) after clause (c), the following clause shall be inserted, namely:-- '(ca) "non-transferable specific delivery contract" means a specific delivery contract, the rights or liabilities under which or under any delivery order, railway ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e difference between the contract rate and the settlement rate or clearing rate or the rate of any offsetting contract; or (II) by any other means whatsoever, and as a result of which the actual tendering of the goods covered by the contract or payment of the full price therefor is dispensed with, then such contract shall not be deemed to be a ready delivery contract;'; (vi) after clause (f), th ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ice fixed thereby or to be fixed in the manner thereby agreed and in which the names of both the buyer and the seller are mentioned;'; (viii) after clause (j), the following clause shall be inserted, namely:-- '(k) "transferable specific delivery contract" means a specific delivery contract which is not a nontransferable specific delivery contract and which is subject to such conditions relating ..... X X X X Extracts X X X X X X X X Extracts X X X X
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