MCA XBRL Validation Tool is likely to be revised for Ind AS Taxonomy on MCA21 XBRL portal Some eForms including AOC-4 (XBRL) is likely to be revised on MCA21 CRL-1 eForm likely to be deployed shortly for filing purposes on MCA21 Budget 2018 impact - Deemed dividends to now attract dividend distribution tax (See 'Corp Einsicht') Banking Act - Provisions of Sec 21A would not operate in a State where there is State Debt Relief Act for farmers: SC (See 'Legal Desk') New Automotive policy to curb emissions & boost R&D (See'TOG News') Govt proposes opening more school for tribal kids & giving MSP to tribal products (See'TOG News') Rajnath Singh urges constant vigilance to curb crime (See'TOG News') SBI says no to Nirav Modi but Rs 1,360 cr exposure to PNB (See 'Corpbrief') Easing of Access Norms for investment by FPIs (See 'Dashboard') UK's Development Finance Institution extends Rs 2,000 mn funds to Future Consumer Ltd TCS recognized as global top employer for third consecutive year BHEL commissions 18 MW Hydro-Electric Project in Punjab (See 'Corpbrief') PNB fraud fallout - Enforcement Directorate summons jeweller Nirav Modi (See 'TOG News' in SEBI Act - Noticee can be said to have failed in its duty by not taking SCORES authentication & not resolving investor grievances pending against it and hence liable for penalty: SEBI (See 'Legal Desk') Competition Act - Fuel Supply Agreement involving e-Auction for obtaining of Coking Coal, cannot be charged with abuse of dominant position, simply due to adoption of e-Auction: CCI (See 'Legal Desk') Adopting electric vehicles would reduce oil imports & pollution: Gadkari (See 'TOG News') BEML advances delivery of first intermediate car unit to BMRCL

NRIs to take CP codes for trading in currency derivatives: NSE circular

Published: Jul 17, 2017

By TIOLCORP News Service

NEW DELHI, JULY 17, 2017: THE Securities and Exchange Board of India (SEBI) had last month issued a circular allowing NRIs to participate in Currency Derivatives (CD) Segment. In furtherance of the same, the National Stock Exchange (NSE) has now issued a circular clarifying that the NRIs shall be required to take CP codes through their Clearing Members. The procedure for taking the CP codes shall continue to be the same as currently available for other categories in the segment through the Collateral Interface for Members (CIM). It was also stated that the user Manual for assistance shall be available on CIM.

The CP codes shall be activated only on receipt of valid documents from the Clearing Members and shall be subsequently activated effective from next trading day. Documents received after 12:00PM shall be processed on next working day. NSCCL will reserve the right to cancel any CP code applied on behalf of NRI.

CP codes issued for NRIs shall only be used for the purpose of trading in Currency Derivatives Segment.

The said NSE circular shall be effective from July 24, 2017.