Restrictions on speculative securities contracts limit non-spot and ready forward trading and require RBI-prescribed participants and settlement rules. The notification prohibits entering into specified non-spot contracts in Government securities, gold-related securities and money market securities except spot delivery, exchange-permissible contracts, or RBI-permitted contracts, and restricts ready forward contracts in corporate and other debt securities to designated banks and financial institutions and other persons permitted by the Reserve Bank of India, subject to RBI-prescribed terms and conditions, mandatory compliance with exchange rules and relevant statutes, and defined settlement through designated gilt and subsidiary ledger accounts.
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.
Restrictions on speculative securities contracts limit non-spot and ready forward trading and require RBI-prescribed participants and settlement rules.
The notification prohibits entering into specified non-spot contracts in Government securities, gold-related securities and money market securities except spot delivery, exchange-permissible contracts, or RBI-permitted contracts, and restricts ready forward contracts in corporate and other debt securities to designated banks and financial institutions and other persons permitted by the Reserve Bank of India, subject to RBI-prescribed terms and conditions, mandatory compliance with exchange rules and relevant statutes, and defined settlement through designated gilt and subsidiary ledger accounts.
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