RBI Act 45VChapter IIID · Regulation of Transactions in Derivatives, Money Market Instruments, Securities, etc.
Section 45V · Transactions in derivatives
Text size — level 1 of 4
1[45V. Transactions in derivatives.--(1) Notwithstanding anything contained in the Securities
Contracts (Regulation) Act, 1956(42 of 1956) or any other law for the time being in force, transactions in
such derivatives, as may be specified by the Bank from time to time, shall be valid, if at least one of the
parties to the transaction is the Bank, a scheduled bank, or such other agency falling under the regulatory
purview of the Bank under the Act, the Banking Regulation Act, 1949 (10 of 1949), the Foreign
Exchange Management Act, 1999 (42 of 1999), or any other Act or instrument having the force of law, as
may be specified by the Bank from time to time.
(2) Transactions in such derivatives, as had been specified by the Bank from time to time, shall be deemed always to have been valid, as if the provisions of sub-section (1) were in force at all material times.]
(2) Transactions in such derivatives, as had been specified by the Bank from time to time, shall be deemed always to have been valid, as if the provisions of sub-section (1) were in force at all material times.]
Your private note on this section
Only you can see this note.