Prohibition on specified securities contracts restricts non spot dealings, allowing limited when issued and ready forward transactions for designated entities. No person shall enter into contracts for sale or purchase of Government securities, gold related securities and money market securities other than spot delivery or exchange traded contracts; when issued contracts in Government securities are permitted only to scheduled commercial banks, Primary Dealers and other RBI permitted persons under RBI specified terms. Ready forward contracts in corporate debt are prohibited, while ready forward contracts in Government securities are allowed only to specified SGL/Gilt account holders and designated financial entities, must be settled through SGL/Constituent SGL accounts, and must comply with SEBI and RBI rules and notifications.
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.
Prohibition on specified securities contracts restricts non spot dealings, allowing limited when issued and ready forward transactions for designated entities.
No person shall enter into contracts for sale or purchase of Government securities, gold related securities and money market securities other than spot delivery or exchange traded contracts; when issued contracts in Government securities are permitted only to scheduled commercial banks, Primary Dealers and other RBI permitted persons under RBI specified terms. Ready forward contracts in corporate debt are prohibited, while ready forward contracts in Government securities are allowed only to specified SGL/Gilt account holders and designated financial entities, must be settled through SGL/Constituent SGL accounts, and must comply with SEBI and RBI rules and notifications.
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