SEBI has allowed stock exchanges dealing with agricultural commodity derivatives to utilise the fund created for farmers and Farmers Producers Organizations (FPOs) for reimbursement of mandi tax and charges incurred by them on storage and transportation of goods. The decision was taken based on the recommendations of the Commodity Derivatives Advisory Committee. SEBI asked exchanges to create a fund for farmers and FPOs in which the regulatory fee forgone by the SEBI would be deposited.SEBI has allowed stock exchanges dealing with agricultural commodity derivatives to utilise the fund created for farmers and Farmers Producers Organizations (FPOs) for reimbursement of mandi tax and charges incurred by them on storage and transportation of goods. The decision was taken based on the recommendations of the Commodity Derivatives Advisory Committee. SEBI asked exchanges to create a fund for farmers and FPOs in which the regulatory fee forgone by the SEBI would be deposited.taxmann.com Latest Statutory HappeningsRead More
