Deepak Gupta | Aug 15, 2018 |
CBDT notifies NSE IFSC Limited under section 43(5)(d) |Notification No. 36/2018
You may also refer : CBDT notifies India International Exchange (IFSC) Limited under section 43(5)(d) |Notification No. 35/2018
[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB-SECTION (ii)]
Government of India
Ministry of Finance
Department of Revenue
Central Board of Direct Taxes
New Delhi, the31stof July, 2018
Notification No. 36/2018
In exercise of the powers conferred under clause (ii) of Explanation 1 of clause (d) of proviso to sub-section (5) of Section 43 of the Income-tax Act, 1961 (43 of 1961) read with sub-rule (4) of Rule 6DDB of the Income-tax Rules, 1962, the Central Government hereby notifiesNSE IFSC Limited, Gandhinagar, Gujarat (PAN: AAFCN4161P)as arecognised stock exchangefor the purpose of said clause with effect from the date of publication of this notification in the Official Gazette, subject to fulfilment of following conditions in respect of trading in derivatives, namely:
(i) the stock exchange shall have the approval of the Securities and Exchange Board of India established under the Securities and Exchange Board of India Act,1992(15 of 1992) in respect of trading in derivatives and it shall function in accordance with the guidelines or conditions laid down by the Securities and Exchange Board of India;
(Rajarajeshwar .R)
Under Secretary (ITA-II), CBDT
Notification No. 36/2018
(F. No. 225/112/2018-ITA-11)
To
The Manager,
Government of India Press,
Mayapuri, New Delhi
Copy forwarded to:
(Rajarajeshwar .R)
Under Secretary (ITA-II), CBDT
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