Commodity derivatives exemption: non-transferable specific delivery contracts excluded from Act, subject to governmental notification for regulation. Section 30A establishes that non-transferable specific delivery contracts are generally outside the Securities Contracts (Regulation) Act, subject to a proviso prohibiting organisation of associations (other than stock exchanges) that provide facilities to perform such contracts without actual delivery in areas where section 13 applies. The Central Government may notify exclusions for transferable specific delivery contracts in specified areas, and may also notify application of Act provisions to classes of non-transferable contracts in specified areas in the interest of trade or public interest, specifying manner and extent.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Commodity derivatives exemption: non-transferable specific delivery contracts excluded from Act, subject to governmental notification for regulation.
Section 30A establishes that non-transferable specific delivery contracts are generally outside the Securities Contracts (Regulation) Act, subject to a proviso prohibiting organisation of associations (other than stock exchanges) that provide facilities to perform such contracts without actual delivery in areas where section 13 applies. The Central Government may notify exclusions for transferable specific delivery contracts in specified areas, and may also notify application of Act provisions to classes of non-transferable contracts in specified areas in the interest of trade or public interest, specifying manner and extent.
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