Notification No. 100/2019 [F.No. 225/252/2019/ITA-II]

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[TO BE PUBLISHED Il" THE GAZETTE OF INDIA. EXTRAORDI"-\RY. PART II. SECT/O" 3. SCB- SECTION (ii)] Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes NOTIFICATION ~ 'e" Delhi, the ~ of November, 2019 In exercise of the powers conferred by clause

(iii) in the Explanation ofelause

(e) orthe pro, iso to sub- section

(5) of Section 43 orthe Income-tax Act, 1961 (43 of 1961) read with sub-rule

(4) of Rule 6DDD of the Income-tax Rules. 1962, the Central Govemment hereby notifies MIs National Stock Exchange of India Limited, Mumbai (pAN: AAACN1797L) as a 'recognised association' for the purpose of said clause with effect from the date of,publication of this notification in the official gazette subject to fulfilment of follo",ing conditions in respect of trading in derivatives, namely;

(i) The Exchange shall have the approval of the Forward Markets Commission established under the Forward Contracts (Regulation) Act, 1952 (74 of 1952) (merged with Securities and Exchange Board of India vide Gazette Notification No.S.O.2630(E) dated 24.09.2015) in respect of trading in derivatives and shall function in accordance with the guidelines or conditions laid down by it;

(ii) It shall ensure that the particulars of the client (including unique client identi!) number and PAN) are duly recorded and stored in its databases:

(iii) It shall maintalO a complete audit trail of all transactions (in respect of derivative market) for a period of seven years on its system:

(iv) It shall ensure that transactions (in respect of derivative market) once registered in the system are not erased;

(v) It shall ensure that the transactions (in respect of derivative market) once registered in the system are modified only in cases of genuine error and maintain data regarding all transactions (in respect of derivative market) registered in the system which have been modified and submit a monthly statement in Form No. 3BC to the Director General of Income-tax (Intelligence and Criminal Investigation). New Delhi within fifteen days from the last day of each month to which such statement relates.

2. This notification shall remain in force until the approval granted by the Securities and Exchange Board of India is withdrawn or expires: or this notification is rescinded by the Central Government as provided in sub- rule(5) of rule 6DDD of the Income Tax Rules. 1962, whichever is earlier. Notification No. /DO /2019 (F. No. 225/ 25212019-ITA-D) To The Manager, Govemment of India Press. Mayapuri, New Delhi (Rajarajeswari R.) Under Secretary to the Government of India

Copy fONarded to: - I. PPS to FM. Dir(FMO). OSD to I\.loS(R)!PPS to RSPPS to Chairman. CBDT and all :-"Iembers. CBDT.

2. The applicant, Mi s National Stock Exchange of India Limited. Mumbai. ~ Securities and Exchange Board of Indill-Mumbai 4. DGIT(I&CI).New Delhi 5. All Pr. CCslT/DGslT for kind information.

6. ITCe, eBDT (4 copies) 7. 0 /0 Pr. DGIT (Systems), New Delhi, for placing on the website: incometaxindia.gov.in.

8. Guard File. ~~ Under Secretary to the Go"e~:!: ~{e: t&};'1 \ \ •