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            Understanding Specific Delivery Contracts: Section 2(ha) of the Securities Contracts Act Defines Commodity Derivative with Actual Delivery Mandate.

            A specific delivery contract, as defined in section 2(ha) of the Securities Contracts (Regulation) Act, 1956, refers to a type of commodity derivative. This contract mandates the actual delivery of specified qualities or types of goods within a predetermined future period at a price that is either fixed or agreed upon. The contract explicitly identifies both the buyer and the seller involved in the transaction.

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