NISM Series XVI - Commodity Derivatives Exam Notes
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GST subsumed a large number of central taxes and state taxes. The tax is payable by the taxable person on the supply of goods and services and the liability arises only when he crosses the threshold limit of Rs 20,00,000
SEBI has also created a separate Commodity Derivatives Market Regulation Department (CDMRD) for the regulation of commodity derivatives exchanges. CDMRD is responsible for supervising the functioning and operations of Commodity Derivative exchanges.
SEBI Complaints Redress System (SCORES) is a web based centralized grievance redress system of SEBI.
The complaint is forwarded online to the entity concerned for its redressal and the entity concerned uploads an Action Taken Report (ATR) on the complaint. The entity must resolve the complaint within 30 days after receiving intimation from SEBI under SCORE.
If the grievance is not resolved by the exchange due to disputes, it goes to Investor Grievance Resolution Panel (IGRP). The Exchange appoints a member of its list of IGRP who will act as a mediator to resolve the issue. Post decision by IGRP, the aggrieved party can go for Arbitration.
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