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Notification No. S. O. 2118-Income Tax Consequent to the transfer of the charge of Commissioner of Income-tax (Appeals)-XIII, Calcutta, from the region of the Chief Commissioner of Income-tax, Calcutta to Mumbai, vide Board’s letter, vide F. No. A-11018/11/98-Ad. VII, dated 31st August, 1998, the said charge stands abolished with immediate effect.
With reference to the above it is advised that the Exchanges are to make suitable changes in the system software so as to abide by the rules/guidelines as mentioned in our aforesaid circular. The guidelines listed in the circular should be implemented not later than August 17, 1998.
As already decided by SEBI and communicated to the stock exchanges, all negotiated deals must result in delivery. Cancellation of deals can take place only in special cases with the prior approval of the stock exchanges. The transactions may be settled either through the clearing house of the stock exchange/ clearing corporations or bilaterally as prescribed by the concerned exchange. I
