Notification sub-clause (iia) of clause (h) of Section 18 of the Securities Contracts (Regulation) Act, 1956 (dated – 24.12.2021)-Ministry of Finance
View PdfNotification sub-clause (iia) of clause (h) of Section 18 of the Securities Contracts (Regulation) Act, 1956 (dated – 24.12.2021)-Ministry of Finance.
- In exercise of the powers conferred by sub-clause (iia) of clause (h) of section 2 and sub-section (2) of Section 18 of the Securities Contracts (Regulation) Act, 1956 (42 of 1956), the Central Government hereby declares the following financial products notified by the Government of India in the Ministry of Finance vide notification number S.O. 2957 (E), dated the 31st August, 2020, as securities for the purpose of the said Act, in respect of issuance and trading of such securities in an International Financial Services Centre under the International Financial Services Centres Authority Act, 2019 (50 of 2019), namely:-
- Bullion spot delivery contract; and
- Bullion depository receipt with underlying bullion, refer attachment for further details.
