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Bare acts > Securities Laws (Amendment) Act, 1999 > Section 2
 
  


 

2. Amendment of section 2. — In section 2 of the Securities Contracts (Regulation) Act, 1956 (42 of 1956) (hereinafter referred to as the principal Act), —


(a) after clause (a), the following clause shall be inserted, namely :—

(aa) "derivative" include —

(A) a security derived from a debt instrument, share, loan, whether secured or unsecured, risk instrument or contract for differences of any other form of security;

(B) a contract which derives its value from the prices, or index of prices of underlying securities;

(b) in clause (h), after sub-clause (i), the following sub-clauses shall be inserted, namely :—"(ia) derivative;

(ib) units or any other instrument issued by any collective investment scheme to the investors in such schemes’.

 

 

 

 

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