List of Commodities Notified under SCRA
Summary
This circular notifies the list of commodities specified in the Government of India's Notification No. S.O. 3068(E) dated September 27, 2016, under clause (bc) of section 2 of the SCRA. It mandates that commodity derivatives contracts traded on exchanges continue to be governed by the SCRA, 1956 and its associated rules. Exchanges are required to amend their bye-laws, inform members, publish the circular on their websites, and report implementation status to SEBI.
Text
Pursuant to the repeal of the Forward Contracts (Regulation) Act, 1952 (FCRA) and amendment to the Securities Contracts (Regulation) Act, 1956 (SCRA), the Central Government... have vide Notification No. S.O. 3068(E) dated September 27, 2016 notified the goods specified therein, for the purpose of clause (bc) of section 2 of the SCRA with effect from the date of the said notification.
The commodity derivatives contracts which are being traded on the commodity derivatives exchanges shall continue to be traded under the provisions of SCRA, 1956 and the Rules and Regulations made thereunder.
The provisions of this circular shall be effective from the date of the circular.
take steps to make necessary amendments to the relevant bye-laws, rules and regulations for the implementation of the same.
bring the provisions of this circular to the notice of the members of the Exchange and also to disseminate the same on their website.
communicate to SEBI, the status of the implementation of the provisions of this circular.
This circular is issued in exercise of powers conferred under Section 11 (1) of the Securities and Exchange Board of India Act, 1992, to protect the interests of investors in securities and to promote the development of, and to regulate the securities market.
Source: SecMarx — List of Commodities Notified under SCRA. Verbatim text is public record; SecMarx structuring (linkage to applying orders) is cited to us.