Conditions that a recognised association is required to fulfil to be notified as a recognised association for the purposes of clause (e) of the proviso to clause (5) of section 43.

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..... iation for the purposes of clause (e) of the proviso to clause (5) of section 43 . - For the purposes of clause (e) of the proviso to clause (5) of section 43, a recognised association shall fulfil the following conditions in respect of trading in derivatives, namely: - (i) the recognised association shall have the approval of the Forward Markets Commission established under the Forward .....

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..... registered in the system are modified only in cases of genuine error and maintain data regarding all transactions (in respect of derivative market) registered in the system which have been modified and submit a monthly statement in Form No. 3BC to the Director General of Income - tax (Intelligence and Criminal Investigation), New Delhi within fifteen days from the last day of each month to which .....

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