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