Securities Contracts amendment narrows exception scope in rule 8(4A), altering which sub clauses are excluded. Substitution in rule 8, clause (4A) of the Securities Contracts (Regulation) Rules, 1957 replaces the prior wording to specify that clause (1) [except sub clause (b) and sub clause (f) thereof] or clause (3) [except sub clause (a) and sub clause (f) thereof] shall apply, thereby changing which sub clause exclusions operate under that provision.
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Securities Contracts amendment narrows exception scope in rule 8(4A), altering which sub clauses are excluded.
Substitution in rule 8, clause (4A) of the Securities Contracts (Regulation) Rules, 1957 replaces the prior wording to specify that clause (1) [except sub clause (b) and sub clause (f) thereof] or clause (3) [except sub clause (a) and sub clause (f) thereof] shall apply, thereby changing which sub clause exclusions operate under that provision.
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