Contracts in notified areas illegal in certain circumstances

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..... te or States or area] that it is necessary so to do, it may, by notification in the Official Gazette, declared this section to apply to such 3 [State or States or area], and thereupon every contract in such 4 [ State or States or area] which is entered into after the date of the notification otherwise than 5 [ between members of a recognised stock exchange or recognised stock exchanges] in such 6 .....

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..... Sec 7, w.e.f.. 12-10-2004. 3 Substituted for State or area by the Securities Laws (Amendment) Act, 2004, Sec 7, w.e.f.. 12-10- 2004. 4 Substituted for State or area by the Securities Laws (Amendment) Act, 2004, Sec 7, w.e.f.. 12-10-2004. 5 Substituted by the Securities Laws (Amendment) Act, 2004, Sec 7, w.e.f.. 12- 10-2004 for between members of a recognised stock exchange . 6 Substituted for Stat .....

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