The Department of Economic Affairs vide notification dated 24th December, 2021 has declared the following financial products notified by the Government of India as securities for the purpose of the Securities Contracts (Regulation) Act, and also in respect of issuance and trading of such securities in an International Financial Services Centre under the International Financial Services Centres Authority Act, 2019 namely:-
(i) bullion spot delivery contract; and
(ii) bullion depository receipt with underlying bullion.
