Government  of India

Ministry of  finance

Department of Revenue

Central Board of Direct Taxes

New Delhi, the 31st  July, 2011 

 

NOTIFICATION 

 

In exercise of the powers confrred 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 notifies  India International  Exchenge Limited,Gandhinagar, gujrat (pan:AAGCB8819B) as a recognised stock exchange’for 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 exchangeshall 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 re~pecl of IridinS in deriv .. tiv~s .. OO il shall function In .. ccordanc~ wilh th ~ guiOelln~s
o. cOOOilions 1’lId down by the Sfocunties Ind £Xcha~ 80ard of Ind”;

 

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