Commodity derivative scope expanded to include price and index based derivatives and options in goods on recognised exchanges. Section 116 is amended to broaden clause (7) to include sale of commodity derivatives, sale of commodity derivatives based on prices or indices of prices, and options in goods for commodities (excluding agricultural commodities) traded on recognised stock exchanges. Clause (8) substitutes the prior statutory reference with the securities contracts regulatory framework and inserts that notifications issued, alongside rules made, are relevant.
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 derivative scope expanded to include price and index based derivatives and options in goods on recognised exchanges.
Section 116 is amended to broaden clause (7) to include sale of commodity derivatives, sale of commodity derivatives based on prices or indices of prices, and options in goods for commodities (excluding agricultural commodities) traded on recognised stock exchanges. Clause (8) substitutes the prior statutory reference with the securities contracts regulatory framework and inserts that notifications issued, alongside rules made, are relevant.
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 
