Financial products notified as securities under SCRA
Financial products with bullion as underlying and electronic gold receipt with underlying physical gold to be treated as securities under Securities Contracts (Regulation) Act 1956
S.O. 5392(E).—In exercise of the powers conferred by sub-clause (iia) of clause (h) of section 2 and sub-section (2) of Section 18 of the Securities Contracts (Regulation) Act, 1956 (42 of 1956), the Central Government hereby declares the following financial products notified by the Government of India in the Ministry of Finance vide notification number S.O. 2957 (E), dated the 31st August, 2020, as securities for the purpose of the said Act, in respect of issuance and trading of such securities in an International Financial Services Centre under the International Financial Services Centres Authority Act, 2019 (50 of 2019), namely:-
(i) bullion spot delivery contract; and
(ii) bullion depository receipt with underlying bullion.
Also Read: Notification of Electronic Gold Receipt as securities under SCRA
