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of <h1>Bill Clause 160 Amends Section 2 of Securities Contracts Act: New Definitions for Financial Instruments and Delivery Contracts</h1> Clause 160 of the Bill proposes amendments to the Securities Contracts (Regulation) Act, 1956, specifically section 2, to update and expand definitions. New definitions include 'goods,' 'commodity derivative,' 'non-transferable specific delivery contract,' 'specific delivery contract,' 'repo,' 'reverse repo,' and 'transferable specific delivery contract.' These changes aim to clarify the scope of financial instruments regulated under the Act, allowing the Central Government to specify additional instruments as derivatives. The amendments also address the nature of delivery contracts, distinguishing between ready delivery and specific delivery contracts, and their transferability.
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