TMI BlogTransfer and vesting of undertaking of Commission.X X X X Extracts X X X X X X X X Extracts X X X X ..... any existing proceeding or cause of action against the Commission in relation to the undertaking on the date on which the Forward Contracts Act is repealed, such proceeding or cause of action may be continued and enforced by or against the Security Board. (3) The concessions, privileges, benefits and exemptions including any benefits and exemptions with regard to the payment of any tax, duty a ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ion, the Central Government may, at the request of the Security Board, depute such employee to the Security Board, for a period not exceeding two years from the date on which the Forward Contracts Act is repealed. (5) Within six months from the date on which the Forward Contracts Act is repealed, an employee of the Commission opting not to be an employee of the Central Government or the Securit ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... of the Commission or for the premature termination of any contract of management entered into by such member with the Commission, and no such claim shall be entertained by any court, tribunal or other authority. (9) The transfer and vesting of the undertaking shall not be liable to the payment of any stamp duty under the Indian Stamp Act, 1899 (2 of 1899) or any applicable stamp duties under st ..... X X X X Extracts X X X X X X X X Extracts X X X X
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