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Bare acts > Securities Contracts (Regulation) Act, 1956 > Section 18A
 
  


 

*[18A. Contracts in derivatives.- Notwithstanding anything contained in any other law for the lime 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, in accordance with the rules and bye-laws of such stock exchange.]


*[Inserted by the Securities Laws (Amendment) Act, 1999 w.e.f. 22.02.2000]

 

 

 

 

 

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