Owing to the merger of the Erstwhile Regulator, Forward Market Commission (FMC) with the Securities and Exchange Board Of India (SEBI), the exchanges are required to comply with the requirements specified by the Securities and Exchange Board Of India (SEBI) in it Stock Exchange and Clearing Corporation (SECC) Regulations 2012. The Forward Contracts Regulation Act (FCRA)1952 stands repealed, and the regulation of the commodity derivatives market shifts to SEBI under the Securities Contracts Regulation Act (SCRA), 1956.
In the light of the above, the Exchanges have been directed to make necessary amendments in their Trading Byelaws and Articles of Association.
The amendments made to the Trading Byelaws and Articles Of Association of India Pepper and Spice Trade Association, in compliance with the Directives of the Regulator.
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