Definition of securities under the SCR Act covers shares, derivatives, units, government securities and specified instrument interests.

The Securities Contracts (Regulation) Act defines securities to include shares, derivatives, units issued by collective investment schemes or pooled investment vehicles, security receipts, certificates from special purpose entities acknowledging beneficial interests in assigned debts or receivables (including mortgage debt), government securities, instruments declared by the Central Government, and rights or interests in securities, while excluding unit linked insurance policies and similar insurer-issued combined life-risk and investment instruments.

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