Registration requirement for forward contract associations requires a certificate of registration before carrying on regulated business. Every association that regulates or controls forward contract business must hold a certificate of registration from the Commission before carrying on such business; existing associations must apply within the prescribed transitional period (subject to a possible extension by the Commission), and recognised associations in existence at commencement are exempted from applying and shall be granted a certificate free of cost, while existing associations may continue until disposal of their application.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Registration requirement for forward contract associations requires a certificate of registration before carrying on regulated business.
Every association that regulates or controls forward contract business must hold a certificate of registration from the Commission before carrying on such business; existing associations must apply within the prescribed transitional period (subject to a possible extension by the Commission), and recognised associations in existence at commencement are exempted from applying and shall be granted a certificate free of cost, while existing associations may continue until disposal of their application.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
