As of my last update in September 2021, the Securities Contract Regulation Act, 1956 (SCRA) is an Indian law that governs the regulation and control of securities markets in India. According to the SCRA, “securities” are defined in Section 2(h) of the act
The term ‘Securities’ include:
- Shares, scripts, stocks, bonds, debentures, debenture stock or other marketable securities of a like nature in or of any incorporated company or other body corporate
- Derivative
- Units or any other instrument issued by any collective investment scheme to the investors in such schemes units
- Security receipt as defined in clause of Section 2 of the Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002
- Units or any other such instrument issued to the investors under any mutual fund scheme
- Any certificate or instrument (by whatever name called), issued to an investor by an issuer being a special purpose distinct entity which possesses any debt or receivable, including mortgage debt, assigned to such entity and acknowledging beneficial interest of such investor in such debt or receivable, including mortgage debt as the case may be.
- Government securities
- Such other securities as may be declared by the Central Government to be securities and
- Rights or interest in securities