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    <title>Insertion of new sections 29A and 29B- Repeal and savings, Transfer and vesting of undertaking of Commission</title>
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    <description>The Forward Contracts (Regulation) Act, 1952 is repealed with savings preserving continuity: instruments, orders, licences, proceedings and offences under the repealed Act continue to be enforced by the Securities and Exchange Board of India as if the Act had not been repealed; fresh offence proceedings may be instituted by the Security Board within three years. The Commission&#039;s undertaking vests in the Security Board; related concessions and tax exemptions transfer; employees (excluding members) continue in office with the Central Government or Security Board on same terms, members cease to hold office and are not entitled to compensation; transfer is exempt from stamp duty.</description>
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    <pubDate>Thu, 07 May 2015 15:35:35 +0530</pubDate>
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      <title>Insertion of new sections 29A and 29B- Repeal and savings, Transfer and vesting of undertaking of Commission</title>
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      <description>The Forward Contracts (Regulation) Act, 1952 is repealed with savings preserving continuity: instruments, orders, licences, proceedings and offences under the repealed Act continue to be enforced by the Securities and Exchange Board of India as if the Act had not been repealed; fresh offence proceedings may be instituted by the Security Board within three years. The Commission&#039;s undertaking vests in the Security Board; related concessions and tax exemptions transfer; employees (excluding members) continue in office with the Central Government or Security Board on same terms, members cease to hold office and are not entitled to compensation; transfer is exempt from stamp duty.</description>
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