Recognized stock exchange status mandates reporting of modified client-code transactions to the tax authority and ongoing compliance. Notification designates United Stock Exchange of India Limited as a recognized stock exchange under the specified provision and requires the exchange to maintain separate records of transactions where client codes were modified and to submit a monthly electronic statement of such modified transactions to the tax intelligence authority within fifteen days of the month-end; recognition may be withdrawn for violation of rules and remains effective only while securities regulator approval subsists or until rescinded by the Central Government.