Central government power to notify derivative contracts is established, placing specification of covered derivatives within executive authority. The amendment inserts a new sub section in section 18A vesting power in the Central Government to notify the contracts in derivative, thereby creating an express statutory mechanism for the government to determine which derivative instruments fall within the Securities Contracts (Regulation) Act's regulatory scope.
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Provisions expressly mentioned in the judgment/order text.
Central government power to notify derivative contracts is established, placing specification of covered derivatives within executive authority.
The amendment inserts a new sub section in section 18A vesting power in the Central Government to notify the contracts in derivative, thereby creating an express statutory mechanism for the government to determine which derivative instruments fall within the Securities Contracts (Regulation) Act's regulatory scope.
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