Government notifies Bullion contracts and receipts as securities under Securities Contracts (Regulation) Act, 1956

The Department of Economic Affairs has declared the following financial products notified by the Government of India as securities for the purpose of the Securities Contracts (Regulation) Act, and also in respect of issuance and trading of such securities in an International Financial Services Centre under the International Financial Services Centres Authority Act, 2019, vide notification dated December 24, 2021 :

  • bullion spot delivery contract
  • bullion depository receipt with underlying bullion.

*Tanvi Singh, Editorial Assistant has reported this brief.

Join the discussion

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.