Which of the contracts in derivative are not legal and is invalid: –
Contracts which are traded on a recognized stock exchange
(b) Contracts which are Settled on the clearing house of the recognized stock exchange in accordance with the rules and bye-laws of such stock exchange
Contracts which are recognized as per the notification issued by the Central Government
Contracts which are between such parties and on such terms as the CG may, by notification in the Official Gazette, specify.