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    <title>Implementation of Securities Transaction Tax</title>
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    <description>Securities Transaction Tax will be levied on all transactions on stock exchanges, and exchanges are responsible for levy, collection and remittance from the date of government notification. Exchanges must implement software, systems and procedures to ensure proper collection and remittance, and trading shall not be permitted until such systems are in place; the exchanges&#039; MDs/EDs/Administrators must certify readiness. The circular invokes the regulator&#039;s powers to protect investors and regulate the securities market.</description>
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    <pubDate>Mon, 23 Aug 2004 00:00:00 +0530</pubDate>
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      <description>Securities Transaction Tax will be levied on all transactions on stock exchanges, and exchanges are responsible for levy, collection and remittance from the date of government notification. Exchanges must implement software, systems and procedures to ensure proper collection and remittance, and trading shall not be permitted until such systems are in place; the exchanges&#039; MDs/EDs/Administrators must certify readiness. The circular invokes the regulator&#039;s powers to protect investors and regulate the securities market.</description>
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      <pubDate>Mon, 23 Aug 2004 00:00:00 +0530</pubDate>
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