In section 2 of the Securities Contracts (Regulation) Act, 1956 (42 of 1956) (hereinafter referred to as the principal Act), --
(a) after clause (a), the following clause shall be inserted, namely:--(aa) "derivative" includes--
(A) a security derived from a debt instrument, share, loan, whether secured or unsecured, risk instrument or contract for differences or any other form of security;
(B) a contact which derives its value from the prices, or index of prices, of underlying securities;
(b) in clause (h), after sub-clause (i), the following sub-clauses shall be inserted, namely:--
"(ia) derivative;
(ib) units or any other instrument issued by any collective investment scheme to the investors in such schemes;"