Commencement and amendment of Act 42 of 1956- Amendment of section 2

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..... as the Central Government 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 the Securities Contracts Act), in section 2,-- (i) in clause (ac), after sub-clause (B), the following sub-clauses shall be inserted, namely:-- (C) commod .....

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..... lause (ac); ; (iii) 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 receipt, bill of lading, warehouse receipt or any other documents of title relating thereto are not transferable; ; (iv) after clause (e), the following .....

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..... 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; ; (v) after clause (h), the following clause shall be inserted, namely:-- (ha) specific delivery contract means a commodity derivative which provides for the actual delivery of specific qu .....

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