Sat. Sep 26th, 2020

Notification to repeal the FCRA, 1952 and shift the Regulation of the Commodity Derivatives Market to SEBI with effect from 28th September 2015

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In exercise of
powers conferred by Sections 131 and 133 of the Finance Act, 2015, the Central Government appointed 28th
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. As a result, Forward Contracts Regulation Act, 1952 (FCRA) will get
repealed and Regulation of Commodity Derivatives Market will shift to
Securities and Exchange Board of India (SEBI) under Securities Contracts
Regulation Act, 1956 (SCRA) with effect from 28th September 2015.

 

-Ministry of Finance
Source: Legal news India

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