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of <h1>Finance Bill 2015 Introduces Section 30A for Commodity Derivatives in Securities Contracts Act, Exemptions and Regulations Explained.</h1> Clause 162 of the Finance Bill, 2015 proposes the insertion of section 30A into the Securities Contracts (Regulation) Act, 1956, introducing special provisions for commodity derivatives. This section exempts non-transferable specific delivery contracts from the Act, barring involvement in associations providing non-delivery facilities. It allows the Central Government to exempt certain transferable contracts from the Act in specified areas. Additionally, the government may regulate non-transferable contracts in public or trade interest by applying specific provisions of the Act. This amendment aligns with the merger of the Forward Market Commission and the Securities Exchange Board of India.
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