Law relating to spot delivery contracts

By:

JAIN, PAYEL

Material type:

Mixed materialsPublication details: 2013Description: 429-433Subject(s):

LAW- COMPANY

NLM classification:

346.54066

In: CHARTERED SECRETARYMSummary: Spot delivery contract is a contract which provides for actual delivery of securities and the payment of a price therefor either on the same day as the date of the contract or on the next day. All transactions in securities other than on spot delivery basis or unless settled through a stock exchange are illegal. This puts a question mark on the legality of exit rights given to private equity players in India.

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Holdings
Item type	Current library	Call number	Vol info	Status	Date due	Barcode
Periodicals/Magazines	SSCBS Library		43/4	Available		P14918

Spot delivery contract is a contract which provides for actual delivery of securities and the payment of a price therefor either on the same day as the date of the contract or on the next day. All transactions in securities other than on spot delivery basis or unless settled through a stock exchange are illegal. This puts a question mark on the legality of exit rights given to private equity players in India.

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