Deemed recognised stock exchanges limited to commodity derivatives activity, with transitional registration and compliance relief under SEBI oversight. Deemed recognised stock exchanges formerly under the Forward Contracts Act are limited to activities related to commodity derivatives until SEBI permits otherwise; existing brokers and intermediaries may continue for a limited grace period or until registration is disposed. SEBI may allow time for compliance with the Securities Contracts (Regulation) Act; bye laws, circulars and other instruments under the Forward Contracts Act continue for a transitional period, and SEBI and the Central Government exercise the prior powers of the Commission and Central Government with respect to those associations during that period.
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.
Deemed recognised stock exchanges limited to commodity derivatives activity, with transitional registration and compliance relief under SEBI oversight.
Deemed recognised stock exchanges formerly under the Forward Contracts Act are limited to activities related to commodity derivatives until SEBI permits otherwise; existing brokers and intermediaries may continue for a limited grace period or until registration is disposed. SEBI may allow time for compliance with the Securities Contracts (Regulation) Act; bye laws, circulars and other instruments under the Forward Contracts Act continue for a transitional period, and SEBI and the Central Government exercise the prior powers of the Commission and Central Government with respect to those associations during that period.
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