TaxTMI 
TaxTMI 
Integration of broking activities in Equity Markets and Commodity Derivatives Markets under single entity
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....Depositories 4. Depository Participants through Depositories Sub: Integration of broking activities in Equity Markets and Commodity Derivatives Markets under single entity. Dear Sir/Madam, 1. Please find enclosed Government of India Gazette notification no. G.S.R. 664(E) dated June 27, 2017 amending the Securities Contracts (Regulation) Rules, 1957 (hereinafter referred to as "SCRR")....
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....ker / clearing member shall be granted by SEBI and subsequent permissions to act as a stock broker / clearing member of other stock exchanges / clearing corporations, shall be granted by the respective stock exchange / clearing corporation after proper due diligence. 4. In terms of SEBI Circular Nos. CIR/MIRSD/2/2011 dated June 03, 2011 and CIR/MIRSD/14/2011 dated August 02, 2011, prior approval ....
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....business in connection with or incidental to or consequential to trades in commodity derivatives", by a member of a stock exchange, would not be disqualified under Rule 8(1)(f) and Rule 8(3)(f) of the Securities Contract (Regulation) Rules, 1957. 7. In view of the above mentioned amendments carried out in SCRR and the Stock Broker Regulation, the FMC circulars which continued to be applicable to ....
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....djustment is within the same broking entity. 8. Stock exchanges / clearing corporations / depositories are directed to: a. take necessary steps to put in place systems for implementation of the circular, including necessary amendments to the relevant bye-laws, rules and regulations; b. bring the provisions of this circular to the notice of their members and also disseminate the same on their ....