Standalone Primary Dealers' eligibility to transact non deliverable Rupee derivatives expanded, with immediate amendment to Master Direction. Standalone Primary Dealers authorised as Authorised Dealer Category III are permitted to transact in non deliverable Rupee derivative contracts; the Master Direction is amended to insert SPD/AD Cat III references in multiple paragraphs so such transactions may be offered to residents and non residents and to associate SPDs alongside IFSC Banking Units and AD Cat I IBUs, with immediate effect.
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.
Standalone Primary Dealers' eligibility to transact non deliverable Rupee derivatives expanded, with immediate amendment to Master Direction.
Standalone Primary Dealers authorised as Authorised Dealer Category III are permitted to transact in non deliverable Rupee derivative contracts; the Master Direction is amended to insert SPD/AD Cat III references in multiple paragraphs so such transactions may be offered to residents and non residents and to associate SPDs alongside IFSC Banking Units and AD Cat I IBUs, with immediate effect.
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 
