Just a moment...

⚠✕
Report
FeedbackReport
Bars
×

By creating an account you can:

Logo TaxTMI
>
Feedback/Report an Error ✕
Email :
Please provide your email address so we can follow up on your feedback.
Category :
Description :
Min 15 characters0/2000
TMI Blog
Home / RSS
PrevPreviousNextNext

Government Securities Trading Rules Modified Under Section 16 to Control Speculation and Regulate Sale-Purchase Contracts

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....RBI amended notification S.O. 2192(E) under Section 16 of Securities Contracts (Regulation) Act, 1956 regarding prevention of undesirable speculation in securities. The amendment modifies clause (A)(1) to regulate contracts for sale/purchase of Government Securities, gold related securities, and money market securities. Exemptions include spot delivery contracts, recognized stock exchange trades permitted under applicable rules, and specifically RBI-permitted contracts. The modification aims to strengthen regulatory oversight of securities trading while maintaining legitimate market operations. Amendment effective upon Official Gazette publication. This revision supersedes previous provisions while maintaining core regulatory framework for securities trading supervision.....

PrevPreviousNextNext