Contracts in derivative: legal when exchange traded and cleared, with IFSC regulated FPI issuances and notified exceptions allowed. Contracts in derivative are legal and valid if traded on a recognised stock exchange and settled on that exchange's clearing house in accordance with its rules and bye laws; validity is also extended to IFSC regulated contracts issued by Foreign Portfolio Investors and to other parties or terms as specified by Central Government notification.
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.
Contracts in derivative: legal when exchange traded and cleared, with IFSC regulated FPI issuances and notified exceptions allowed.
Contracts in derivative are legal and valid if traded on a recognised stock exchange and settled on that exchange's clearing house in accordance with its rules and bye laws; validity is also extended to IFSC regulated contracts issued by Foreign Portfolio Investors and to other parties or terms as specified by Central Government notification.
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