Central Act
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Section 3. Applicability of Act.
The Bilateral Netting of Qualified Financial Contracts Act, 2020
In forceAll India (Central Act)
3. Applicability of Act. The provisions of this Act shall apply to a qualified financial contract entered into on a bilateral basis between qualified financial market participants, either under a netting agreement or otherwise, where at least one of such participants shall be an entity regulated by an authority specified in the First Schedule.