Notification of Electronic Gold Receipt as securities under SCRA
Notification of Electronic Gold Receipt as securities under (SCRA) Securities Contracts (Regulation) Act, 1956
S.O. 5401(E).—In exercise of the powers conferred by sub-clause (iia) of clause (h) of section 2 of the Securities Contracts (Regulation) Act, 1956 (42 of 1956), (hereinafter referred to as the said Act), the Central Government hereby declares “Electronic Gold Receipt” as securities for the purpose of the said Act.
Explanation – For the purpose of this notification,-
“Electronic Gold Receipt” means an electronic receipt issued on the basis of deposit of underlying physical gold in accordance with the regulations made by the Securities and Exchange Board of India under section 31 of the said Act.
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