https://www.taxtmi.com/acts?id=55056 Settlement and netting for bullion exchange and bullion clearing corporation transactions must follow the netting or grossing procedures prescribed in their respective bye-laws. Payments and settlements effected under those bye-laws are final, irrevocable and binding. Once settlement is final, the bullion exchange or bullion clearing corporation has priority to appropriate contributed collateral, deposits or margins towards settlement or other obligations. Finality arises when gross or net payable obligations are determined, whether or not actual payment or delivery has occurred. en-us Sat, 12 Sep 2026 13:36:41 +0530 Sat, 12 Sep 2026 13:36:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=55056 Settlement and netting for bullion exchange and bullion clearing corporation transactions must follow the netting or grossing procedures prescribed in their respective bye-laws. Payments and settlements effected under those bye-laws are final, irrevocable and binding. Once settlement is final, the bullion exchange or bullion clearing corporation has priority to appropriate contributed collateral, deposits or margins towards settlement or other obligations. Finality arises when gross or net payable obligations are determined, whether or not actual payment or delivery has occurred. Act-Rules Indian Laws Sat, 12 Sep 2026 13:36:41 +0530 https://www.taxtmi.com/acts?id=55056