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Securities contract act, 1956

Ashish (Student CA Final ) (31 Points)

12 January 2016

Please give me brief explanation of Section 2(d) of the Securities Contract Act, 1956?

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Sathish M (Management Accountant) (40581 Points)
Replied 13 January 2016

“option in securities” means a contract for the purchase or sale of a right to buy or sell, or a right to buy and sell, securities in future, and includes a teji, a mandi, a teji mandi, a galli, a put, a call or a put and call in securities;

Source: https://www.sebi.gov.in/acts/contractact.pdf

Ashish (Student CA Final ) (31 Points)
Replied 13 January 2016

Thanks. But what is "galli, a put, a call"?

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