Minimum contract size for Exchange traded derivative contracts

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..... ear Sir, Sub: Minimum contract size for Exchange traded derivative contracts. This circular is being issued in exercise of powers conferred by section 11 (1) of the Securities and Exchange Board of India Act, 1992, read with section 10 of the Securities Contracts(regulation) Act 1956, to protect the interests of investors in securities and to promote the development of, and to regulate the .....

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..... exceeded the stipulated value of ₹ 2 Lakhs. In case of some derivative contracts, due to a fall in the price of the underlying stock; the contract size/value has fallen below ₹ 2 Lakhs. It has therefore been decided that the lot size/multiplier shall be reduced for contracts with value exceeding ₹ 2 Lakhs. It has also been decided that the lot size/multiplier shall be increased .....

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..... ulation that the lot size/multiplier should be in the multiple of 100 stands revoked. Before implementing the aforesaid measures the Exchange shall give a notice of atleast two weeks to the market. Further, for the purpose of revising the contract size, the contract size/value shall be determined on the basis of the closing prices of the underlying on the day prior to the beginning of the notic .....

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