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    <description>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.</description>
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