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Securities Contracts (Regulation) Act, 1956

Section - 2 - Definitions

Definitions.

2. In this Act, unless the context otherwise requires,-

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(a)-"contract" means a contract for or relating to the purchase or sale of securities;
[(aa)-"corporatisation" means the succession of a recognised stock exchange, being a body of individuals or a society registered under the Societies Registration Act, 1860 (21 of 1860), by another stock exchange, being a company incorporated for the purpose of assisting, regulating or controlling the business of buying, selling or dealing in securities carried on by such individuals or society;
(ab)-"demutualisation" means the segregation of ownership and management from the trading rights of the members of a recognised stock exchange in accordance with a scheme approved by the Securities and Exchange Board of India;]
[[(ac)]-"derivative" includes-