https://www.taxtmi.com/notifications?id=105745 A recognised association for derivatives must have Forward Markets Commission approval, record and store client particulars including unique client identity number and PAN, maintain a non erasable seven year audit trail of derivative transactions, and permit modifications only for genuine errors while retaining data on modifications. Associations must apply for notification with FMC approval and supporting documents, and the Central Government will notify or reject the application within the prescribed period. Monthly submission of the prescribed Form No. 3BC is required to report transactions where client codes were modified, with an electronic annexure detailing transaction and client data. en-us Thu, 04 Jul 2013 00:00:00 +0530 Sat, 15 Jun 2019 16:56:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=105745 A recognised association for derivatives must have Forward Markets Commission approval, record and store client particulars including unique client identity number and PAN, maintain a non erasable seven year audit trail of derivative transactions, and permit modifications only for genuine errors while retaining data on modifications. Associations must apply for notification with FMC approval and supporting documents, and the Central Government will notify or reject the application within the prescribed period. Monthly submission of the prescribed Form No. 3BC is required to report transactions where client codes were modified, with an electronic annexure detailing transaction and client data. Notifications Income Tax Thu, 04 Jul 2013 00:00:00 +0530 https://www.taxtmi.com/notifications?id=105745