Government Declares Two Financial Products As Securities Under The Securities Contracts (Regulation) Act 1956

Vide Notification Dated 24th December 2021, the Department of Economic Affairs, Ministry of Finance has declared following two financial products as securities under the Securities Contracts (Regulation) Act 1956:

(i) bullion spot delivery contract; and

(ii) bullion depository receipt with underlying bullion.

The two financial products were notified by the notification number S.O. 2957 (E), dated the 31st August, 2020.

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