Question
Which of the following transactions is not included in
the definition of a "financial contract" as per the definition given under Factoring Regulation Act, 2011?Solution
Explanation: Section 2 Definitions: (k) “financial contract” means any spot, forward, future, option or swap transaction involving interest rates, commodities, currencies, shares, bonds, debentures or any other financial instrument, any repurchase of securities and lending transaction or any other similar transaction or combination of such transactions entered into in the financial markets.
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1. The first module will be launched in 2028.
2. ...
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With respect to the Direct Tax Proposal, consider the following statement:
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