It has come to the notice of the board that the principles of natural justice are not being followed during adjudication of the cases, which result in frequent remand of cases on the ground of non-observance of the principles
Mark to Market Margin shall be collected separately from daily/exposure margin as the purpose of these margins is different.
Once this margin is imposed by any Exchange having ALBM or MCFS facility, the other Exchanges having ALBM or MCFS will also follow the same from the start of next settlement.
The positions referred to would exclude the positions pertaining to the pure securities borrowers to the extent that the collateral securities are kept with the clearing house/corporation.
AMC boards may develop a mechanism to verify that due diligence is being exercised while making investment decisions.
Notification No. 2061-Income Tax It is hereby notified for general information that the organisations mentioned below has been approved by the prescribed authority under rule 6 of the Income-tax Rules, 1962, for the purpose of clause (ii) of sub-section (1) of section 35 of the Income-tax Act, 1961, under the category “Institution” subject to the following conditions
