Interpretation of undefined terms ensures meanings from related corporate, securities and depositories statutes apply to this Act. Section 2A states that words and expressions used in the Securities Contracts (Regulation) Act and not defined therein shall have the same meanings ... Summary
Interpretation of undefined terms ensures meanings from related corporate, securities and depositories statutes apply to this Act.
Section 2A states that words and expressions used in the Securities Contracts (Regulation) Act and not defined therein shall have the same meanings ascribed to them in the corporate law, the securities regulatory statute, or the depositories statute, thereby importing definitions from those related enactments to ensure consistent terminology across the regulatory framework.
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