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Government issues notification to Repeal the FCRA 1952 and shift the Regulation of the Commodity Derivaties Market to SEBI with effect from 28th September2015.

Dated:- 3-9-2015 - In exercise of powers conferred by Sections 131 and 133 of the Finance Act, 2015 (20 of 2015), the Central government hereby appoints the 28th Day of September, 2015 as the date on which the provisions of Part I (excluding Section 132) and Part II of Chapter VIII of the said Act shall come into force. A notification to this effect was issued on 28th August, 2015.As a result, Forward Contracts Regulation Act (FCRA) 1952 gets repealed and Regulation of Commodity Derivatives Mark .....

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