Conditions that a stock exchange is required to fulfil to be notified as a recognised stock exchange for the purposes of clause (d) of proviso to clause (5) of section 43

Conditions that a stock exchange is required to fulfil to be notified as a recognised stock exchange for the purposes of clause (d) of proviso to clause (5) of section 43 https://www.taxtmi.com/acts?id=3675 Conditions are prescribed for a stock exchange to be notified as a recognised stock exchange for derivative trading. The exchange must have Securities and Exchange Board of India approval, record and store client particulars such as unique client identity number and PAN, maintain a complete audit trail of cash and derivative transactions for seven years, and ensure registered transactions are not erased. Modifications are permitted only for genuine error, with related data preserved and a monthly Form No. 3BB statement submitted within fifteen days. en-us Sat, 19 Jan 2008 22:45:54 +0530 Mon, 18 May 2026 15:06:53 +0530 TaxTMI RSS Generator Conditions that a stock exchange is required to fulfil to be notified as a recognised stock exchange for the purposes of clause (d) of proviso to clause (5) of section 43 https://www.taxtmi.com/acts?id=3675 Conditions are prescribed for a stock exchange to be notified as a recognised stock exchange for derivative trading. The exchange must have Securities and Exchange Board of India approval, record and store client particulars such as unique client identity number and PAN, maintain a complete audit trail of cash and derivative transactions for seven years, and ensure registered transactions are not erased. Modifications are permitted only for genuine error, with related data preserved and a monthly Form No. 3BB statement submitted within fifteen days. Act-Rules Income Tax Sat, 19 Jan 2008 22:45:54 +0530 https://www.taxtmi.com/acts?id=3675