Power to prohibit contracts bars trading in specified securities without permission, rendering contravening contracts unlawful. Central Government may, by notification in the Official Gazette, declare that persons in a specified State or area shall not, without permission, enter ... Summary
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Power to prohibit contracts bars trading in specified securities without permission, rendering contravening contracts unlawful.
Central Government may, by notification in the Official Gazette, declare that persons in a specified State or area shall not, without permission, enter into contracts for sale or purchase of specified securities, with the notification able to define permitted extent and manner; contracts made after the notification in contravention of it are illegal.
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