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    <title>Contracts in notified areas illegal in certain circumstances</title>
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    <description>Where the Central Government (or SEBI under delegated powers) notifies a State or area, every securities contract entered into thereafter is illegal unless made between members of a recognised stock exchange in that State or area or effected through or with such a member; contracts between members of two or more recognised stock exchanges remain permissible only on terms and with prior permissions stipulated by the exchanges with prior approval of the Securities and Exchange Board of India.</description>
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      <description>Where the Central Government (or SEBI under delegated powers) notifies a State or area, every securities contract entered into thereafter is illegal unless made between members of a recognised stock exchange in that State or area or effected through or with such a member; contracts between members of two or more recognised stock exchanges remain permissible only on terms and with prior permissions stipulated by the exchanges with prior approval of the Securities and Exchange Board of India.</description>
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