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Securities Contracts (Regulation) Act, 1956

Section - 18A - Contracts in derivative

[Contracts in derivative.

18A. Notwithstanding anything contained in any other law for the time being in force, contracts in derivative shall be legal and valid if such contracts are-

(a)-traded on a recognised stock exchange;
(b)-settled on the clearing house of the recognised [stock exchange; or]
in accordance with the rules and bye-laws of such stock exchange.]

[(ba)-regulated by the International Financial Services Centres Authority established under section 4 of the International Financial Services Centres Authority Act, 2019 (50 of 2019), in an International Financial Services Centre and issued by a Foreign Portfolio Investor.
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