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    <title>Transfer and vesting of undertaking of Commission.</title>
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    <description>On repeal of the Forward Contracts Act the Commission&#039;s undertaking is transferred and vested in the Securities and Exchange Board; existing proceedings and concessions related to the undertaking transfer to the Board; employees (excluding members) will hold office in the Central Government or the Board on the same terms with a deputation mechanism and a six month option to decline continuation; members cease to hold office and neither members nor employees are entitled to compensation for loss of office; the transfer is exempt from stamp duty.</description>
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      <title>Transfer and vesting of undertaking of Commission.</title>
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      <description>On repeal of the Forward Contracts Act the Commission&#039;s undertaking is transferred and vested in the Securities and Exchange Board; existing proceedings and concessions related to the undertaking transfer to the Board; employees (excluding members) will hold office in the Central Government or the Board on the same terms with a deputation mechanism and a six month option to decline continuation; members cease to hold office and neither members nor employees are entitled to compensation for loss of office; the transfer is exempt from stamp duty.</description>
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