Registration requirement: members/dealers of over-the-counter exchange must register premises with appropriate Central Excise jurisdiction for their place of operation. Members and dealers of the Over The Counter Exchange of India must register their premises with the Central Excise Commissionerate having jurisdiction over their place of operation. The requirement applies similarly to members trading via computers from other centres, who must register at the commissionerate for the place of actual operation. Prior registration as a stockbroker of a conventional exchange does not replace the need for separate registration as a member/dealer of OTCEI, the National Stock Exchange, or similar exchanges for transactions in securities listed on those exchanges.
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: members/dealers of over-the-counter exchange must register premises with appropriate Central Excise jurisdiction for their place of operation.
Members and dealers of the Over The Counter Exchange of India must register their premises with the Central Excise Commissionerate having jurisdiction over their place of operation. The requirement applies similarly to members trading via computers from other centres, who must register at the commissionerate for the place of actual operation. Prior registration as a stockbroker of a conventional exchange does not replace the need for separate registration as a member/dealer of OTCEI, the National Stock Exchange, or similar exchanges for transactions in securities listed on those exchanges.
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