dealing in the Futures Market. There are
presently 53 stocks which can be traded under the Futures/Options Contracts.
32. To illustrate, suppose the share ... Income-tax Act. The futures contracts cannot be equated
with insurance contract, because, unlike futures contract, the insurance contract is not an
article of trade
Group A entities acquired Mentha Oil through transactions in
Mentha Oil futures contracts on the exchange platform as well ... entities
were for the purpose of taking positions in Mentha Oil futures
contracts and for taking subsequent delivery of 177.12 MT of
Mentha Oil worth
2009
Assessment Year: 1991-92
which is tangible in nature. A futures contract is an agreement between two
parties ... sell an asset at a certain time in the future at a certain price.
Futures contracts in both index as well as stocks
available with the company
is substantially higher than the quantity of future
contracts entered into by the appellant and squared
off Ld. AR added that ... forward contract of sale
can be treated as a hedge transaction if such a contract is
supported by a pre-existing contract
Group A entities acquired Mentha Oil through transactions in
Mentha Oil futures contracts on the exchange platform as well ... entities
were for the purpose of taking positions in Mentha Oil futures
contracts and for taking subsequent delivery of 177.12 MT of
Mentha Oil worth
National Securities Clearing
Corporation Limited (Futures & Options Segment)
Bye laws, thus have rendered the futures contracts
entered into by all of them in violation ... Contracts (Regulations) Act, 1956 (SCRA), which
provides conditions for contracts in derivative to
be legal and valid.
(c) RIL depressed the settlement price of futures
provision for the anticipated loss in respect of open
future of future contracts was made in accordance with the
Accounting Standard 1 on Disclosure ... contracts are meant for delivery, usually in
cash These contracts are settled at the expiry of the contract. These are
more risky than futures because
provision for the anticipated loss in respect of open
future of future contracts was made in accordance with the
Accounting Standard 1 on Disclosure ... contracts are meant for delivery, usually in
cash These contracts are settled at the expiry of the contract. These are
more risky than futures because
regulated exchange. There are three key
differences between forwards and futures (i) Futures contract is guaranteed against
default (ii) They are standarized and (iii) They ... transactions in futures are made legal and valid even if the underlying
securities permitted to be purchased / sold under the futures contracts are not
tangible
Group A entities acquired Mentha Oil through transactions in
Mentha Oil futures contracts on the exchange platform as well ... entities
were for the purpose of taking positions in Mentha Oil futures
contracts and for taking subsequent delivery of 177.12 MT of
Mentha Oil worth
