{"id":259187,"date":"2021-12-28T12:30:38","date_gmt":"2021-12-28T07:00:38","guid":{"rendered":"https:\/\/www.scconline.com\/blog\/?p=259187"},"modified":"2021-12-28T11:27:53","modified_gmt":"2021-12-28T05:57:53","slug":"government-notifies-bullion-contracts-and-receipts-as-securities-under-securities-contracts-regulation-act-1956","status":"publish","type":"post","link":"https:\/\/www.scconline.com\/blog\/post\/2021\/12\/28\/government-notifies-bullion-contracts-and-receipts-as-securities-under-securities-contracts-regulation-act-1956\/","title":{"rendered":"Government notifies Bullion contracts and receipts as securities under Securities Contracts (Regulation) Act, 1956"},"content":{"rendered":"<p style=\"text-align: justify;\">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 :<\/p>\n<p style=\"text-align: justify;\">\n<ul style=\"text-align: justify;\">\n<li>bullion spot delivery contract<\/li>\n<li>bullion depository receipt with underlying bullion.<\/li>\n<\/ul>\n<p style=\"text-align: justify;\">\n<hr \/>\n<h4 style=\"text-align: justify;\"><span style=\"color: #000080;\">*Tanvi Singh, Editorial Assistant has reported this brief.<\/span><\/h4>\n","protected":false},"excerpt":{"rendered":"<p>The Department of Economic Affairs has declared the following financial products notified by the Government of India as securities for the purpose <\/p>\n","protected":false},"author":121,"featured_media":108571,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[4,1193],"tags":[],"class_list":["post-259187","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-legislationupdates","category-notifications"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.4 (Yoast SEO v26.4) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Government notifies Bullion contracts and receipts as securities under Securities Contracts (Regulation) Act, 1956 | SCC Times<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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approval will be valid for 1 year which can extend up to maximum 6 more months.","rel":"","context":"In &quot;Legislation Updates&quot;","block_context":{"text":"Legislation Updates","link":"https:\/\/www.scconline.com\/blog\/post\/category\/legislationupdates\/"},"img":{"alt_text":"International Financial Services Centres Authority","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2024\/06\/International-Financial-Services-Centres-Authority.webp?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2024\/06\/International-Financial-Services-Centres-Authority.webp?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2024\/06\/International-Financial-Services-Centres-Authority.webp?resize=525%2C300&ssl=1 1.5x, 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It will be coming into force with immediate effect. Rule 19A is inserted, which is as under, - Key Amendment: The authority unit stores bullion as an asset for the purpose of issuance of \u2018bullion' spot\u2026","rel":"","context":"In &quot;Legislation Updates&quot;","block_context":{"text":"Legislation Updates","link":"https:\/\/www.scconline.com\/blog\/post\/category\/legislationupdates\/"},"img":{"alt_text":"Central Government Notification","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2022\/05\/MicrosoftTeams-image-226.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2022\/05\/MicrosoftTeams-image-226.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2022\/05\/MicrosoftTeams-image-226.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2022\/05\/MicrosoftTeams-image-226.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2022\/05\/MicrosoftTeams-image-226.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":342861,"url":"https:\/\/www.scconline.com\/blog\/post\/2025\/03\/04\/legislation-roundup-february-2025-legal-update\/","url_meta":{"origin":259187,"position":2},"title":"LEGISLATION ROUNDUP FEBRUARY 2025: Streamlining of corporate insolvency resolution process; compliance with Investor Charter; Income-tax Bill, 2025 proposed; and more","author":"Kriti","date":"March 4, 2025","format":false,"excerpt":"SEBI introduces the concept of Artificial Intelligence vide its amendments in various Regulations.","rel":"","context":"In &quot;Legal RoundUp&quot;","block_context":{"text":"Legal RoundUp","link":"https:\/\/www.scconline.com\/blog\/post\/category\/columns-for-roundup\/"},"img":{"alt_text":"Legislation Roundup February 2025","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2025\/03\/Legislation-Roundup-February-2025.webp?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2025\/03\/Legislation-Roundup-February-2025.webp?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2025\/03\/Legislation-Roundup-February-2025.webp?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2025\/03\/Legislation-Roundup-February-2025.webp?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":259137,"url":"https:\/\/www.scconline.com\/blog\/post\/2021\/12\/27\/government-declares-electronic-gold-receipt-as-securities-under-securities-contracts-regulation-act-1956\/","url_meta":{"origin":259187,"position":3},"title":"Government declares \u201cElectronic Gold Receipt\u201d as securities under Securities Contracts (Regulation) Act, 1956","author":"Prachi Bhardwaj","date":"December 27, 2021","format":false,"excerpt":"The Ministry of Finance has included \u201cElectronic Gold Receipt\u201d (EGR) as securities under section 2(h)(iia) of the Securities Contracts (Regulation) Act, 1956 vide its notification dated December 24, 2021. Now, EGR will have the same trading, clearing, and settlement capabilities as other securities traded on exchanges. The Government has defined\u2026","rel":"","context":"In &quot;Legislation Updates&quot;","block_context":{"text":"Legislation Updates","link":"https:\/\/www.scconline.com\/blog\/post\/category\/legislationupdates\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2021\/08\/MicrosoftTeams-image-135.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2021\/08\/MicrosoftTeams-image-135.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2021\/08\/MicrosoftTeams-image-135.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2021\/08\/MicrosoftTeams-image-135.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2021\/08\/MicrosoftTeams-image-135.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":79801,"url":"https:\/\/www.scconline.com\/blog\/post\/2016\/10\/19\/sebi-allows-bullion-as-collateral-for-clearing-members\/","url_meta":{"origin":259187,"position":4},"title":"SEBI allows bullion as collateral for clearing members","author":"Saba","date":"October 19, 2016","format":false,"excerpt":"Sub: Bullion as collateral\u00a0\u00a0[SEBI\/HO\/CDMRD\/DRMP\/CI\/P\/2016\/112] 1.\u00a0 Vide\u00a0 Circular\u00a0 No.\u00a0 CIR\/CDMRD\/DRMP\/01\/2015 dated\u00a0 October\u00a0 01,\u00a0 2015 SEBI had\u00a0\u00a0 specified\u00a0\u00a0 comprehensive risk\u00a0\u00a0 management\u00a0\u00a0 framework\u00a0\u00a0 for\u00a0\u00a0 national\u00a0\u00a0 commodity\u00a0 derivatives\u00a0 exchanges\u00a0 including\u00a0 norms\u00a0 on\u00a0 collateral\u00a0 that\u00a0 can\u00a0 be\u00a0 accepted by Exchanges from their members. 2.\u00a0 After analysing the representations received regarding bullion as collateral, it has\u00a0\u2026","rel":"","context":"In &quot;Business News&quot;","block_context":{"text":"Business News","link":"https:\/\/www.scconline.com\/blog\/post\/category\/news\/business_news\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":240623,"url":"https:\/\/www.scconline.com\/blog\/post\/2020\/12\/14\/ifsca-notifies-international-financial-services-centres-authority-bullion-exchange-regulations-2020\/","url_meta":{"origin":259187,"position":5},"title":"IFSCA notifies International Financial Services Centres Authority (Bullion Exchange) Regulations, 2020","author":"Bhumika Indulia","date":"December 14, 2020","format":false,"excerpt":"In the Union Budget 2020, Union Minister of Finance Corporate Affairs Nirmala Sitharaman had made an announcement for setting up an International Bullion Exchange at the International Financial Services Centre in GIFT City, Gandhinagar, Gujarat. Subsequently, the Government of India had notified the bullion spot delivery contract and bullion depository\u2026","rel":"","context":"In &quot;Legislation Updates&quot;","block_context":{"text":"Legislation Updates","link":"https:\/\/www.scconline.com\/blog\/post\/category\/legislationupdates\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/posts\/259187","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/users\/121"}],"replies":[{"embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/comments?post=259187"}],"version-history":[{"count":0,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/posts\/259187\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/media\/108571"}],"wp:attachment":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/media?parent=259187"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/categories?post=259187"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/tags?post=259187"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}