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of <h1>RBI Restricts Speculative Contracts in Securities Under Securities Contracts (Regulation) Act, 1956; Exceptions Apply for Certain Entities</h1> The Reserve Bank of India, under the Securities Contracts (Regulation) Act, 1956, has prohibited certain contracts to prevent undesirable speculation in securities across India. The prohibition applies to contracts for the sale or purchase of government securities, gold-related securities, and money market securities, except for spot delivery contracts or those traded on recognized stock exchanges. Exceptions are made for scheduled commercial banks, registered primary dealers, and entities permitted by the Reserve Bank. Ready forward contracts in bonds and other debt securities are also restricted, with specific conditions for government securities. All contracts must comply with relevant regulations and guidelines.
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