Spot delivery contracts exclusion from securities provisions, subject to government notification to regulate them in the public interest. Spot delivery contracts are excluded from the operation of specified securities regulation provisions, so those requirements do not apply to such transactions. However, the executive may, by notification in the official gazette when expedient in the interest of trade or the public, declare that the regulatory provision shall apply to spot delivery contracts in a particular State or area generally or in respect of specified securities, and may specify the manner and extent of that application; SEBI may exercise those powers under the cited instrument.
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.
Spot delivery contracts exclusion from securities provisions, subject to government notification to regulate them in the public interest.
Spot delivery contracts are excluded from the operation of specified securities regulation provisions, so those requirements do not apply to such transactions. However, the executive may, by notification in the official gazette when expedient in the interest of trade or the public, declare that the regulatory provision shall apply to spot delivery contracts in a particular State or area generally or in respect of specified securities, and may specify the manner and extent of that application; SEBI may exercise those powers under the cited instrument.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
