The Securities Contract (Regulation) Act, 1956 https://finosutra.blogspot.com/2020/04/what-is-forward-contract.html The trading of derivatives is governed by the provisions contained in the Securities Contracts (Regulation) Act‐1956, the Securities Exchange Board of India Act‐1992, the rules and regulations framed there under and other rules and bye–laws of stock exchanges Securities Contracts (Regulation) Act, 1956 The Act aims to prevent undesirable transactions in securities. It governs the trading of securities in India. The term “securities” has been defined in the Section 2(h) of SCRA. The term ‘Securities’ include: Shares, scrips, stocks, bonds, debentures, debenture stock or other marketable securities of a like nature in or of any incorporated company or other body corporate ...
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