GUIDELINES FOR FOREIGN INVESTMENT IN COMMODITY EXCHANGES

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....re regulated under the Forward Contracts (Regulation) Act, 1952. Commodity Exchanges, like Stock Exchanges, are infrastructure companies in the commodity futures market.  With a view to infuse globally acceptable best practices, modern management skills and latest technology, it has been decided to allow foreign investment in Commodity Exchanges. 2.  Definitions 2.1 "Comm....

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....ch is not a ready delivery contract. (d) "commodity derivative" means- (i) a contract for delivery of goods, which is not a ready delivery contract; or (ii) a contract for differences which derives its value from prices or indices of prices of such underlying goods or activities, services, rights, interests and events, as may be notified in consultation with the Forward Markets ....