Restriction on securities contracts requires prior board permission, allowing only specified spot, delivery and exchange-traded instruments. Restriction on entry into contracts for sale or purchase of securities across India requiring prior permission from the Board except for spot delivery, cash, hand delivery, special delivery and permissible derivative contracts under the securities statutes and exchange bye-laws. Exchange-traded government securities, gold-related securities, money market securities and ready forward contracts in debt securities are permitted only when entered on a recognised stock exchange and in conformity with securities law rules and directions, Reserve Bank rules and guidelines, and RBI notifications under the Securities Contracts (Regulation) Act.