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            Securities Contracts Act 1956: Options Defined as Contracts for Future Buy/Sell Rights in Securities, Including Puts and Calls.

            Option in securities, as defined by the Securities Contracts (Regulation) Act, 1956, refers to a contract involving the purchase or sale of a right to buy or sell securities in the future. This definition encompasses various types of options such as teji, mandi, teji mandi, galli, put, call, or a combination of put and call in securities.

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