Part of: Section 2 — Definitions
(a)“Contract ”means a contract for or relating to the purchase or sale of securities; 3[(aa) “corporatisation ” means the succession of a recognised stock exchange, being a body of individuals or a society registered under the Societies Registration Act, 1860 (21 of 1860), by another stock exchange, being a company incorporated for the purpose of assisting, regulating or controlling the business of buying, selling or dealing in securities carri ed on by such individuals or society; (ab) “demutualisation ” means the segregation of ownership and management from the trading rights of the members of a recognised stock exchange in accordance with a scheme approved by the Securities and Exchange Board o f India;] 4[5[(ac)] “derivative ” includes -