**Executive Summary**
This notification, issued by the Central Board of Direct Taxes on January 8, 2026, concerns the Core Settlement Guarantee Fund (PAN: AAAJA3150B) set up by AMC Repo Clearing Limited. It notifies the fund for the assessment year 2024-25 and subsequent years, subject to certain conditions. AMC Repo Clearing Limited is required to file income tax returns and maintain its recognition as a clearing corporation by SEBI.
**Key Points / Main Content**
* **Notification:**
* The Central Government notifies the Core Settlement Guarantee Fund (PAN: AAAJA3150B), set up by AMC Repo Clearing Limited.
* This notification applies to specified income mentioned in Explanation (iii) of clause (23EE) of Section 10 of the Income-tax Act, 1961.
* This applies to the assessment year 2024-25 and subsequent assessment years.
* **Conditions for AMC Repo Clearing Limited:**
* AMC Repo Clearing Limited must continue to follow conditions mentioned in clause (23EE) of Section 10.
* It shall file return of income in accordance with sub-section (4C) of section 139 of the Income-tax Act, 1961.
* AMC Repo Clearing Limited must remain recognized as a clearing corporation by SEBI.
**Impact Analysis**
**AMC Repo Clearing Limited**
* **Impact:** Required to comply with specific conditions to ensure Core Settlement Guarantee Fund is notified, including income tax filing and regulatory compliance.
* **Action Required:** Ensure compliance with the specified conditions, file income tax returns, and maintain SEBI recognition.
Key Entities Referenced
Income-tax Act, 1961: Relevant legislation regarding income tax, specifically section 10 and clauses (23EE)
Core Settlement Guarantee Fund: Fund established by AMC Repo Clearing Limited that is being notified in relation to the Income-tax Act
AMC Repo Clearing Limited: A recognized clearing corporation that set up the Core Settlement Guarantee Fund
SEBI: Securities and Exchange Board of India, the regulator for clearing corporations, mentioned in relation to AMC Repo Clearing Limited
Ministry of Finance: The issuing ministry for this notification
2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(ii)]
2. यह अजधसूचना इस ित ड के अधीन प्रभािी होगी दक एएमसी रेपो जललयररंग जलजमटेड द्वारा स्ट्थाजपत कोर सटे लमटें
गारंटी फंड (पनै : AAAJA3150B) धारा 10 के खडं (23 ईई) में उजल्लजखत ितों का पालन करना िारी रखेगा, जिसमें
जनम्नजलजखत िाजमल ह:ैं
क. आयकर अजधजनयम, 1961 की धारा 139 की उपधारा (4ग) के अनुसार आय जििरण िाजखल करेगा।
ख. एएमसी रेपो जललयररंग जलजमटेड सेबी द्वारा जललयररंग जनगम के रूप म ेंमान्यता प्राप्त रहगे ा।
[अजधसूचना स.ं 06 /2026/फा. सं. 300197/212/2023-आईटीए-I]
हरिेि ससंह, अिर सजचि
व्याख्यात्मक ज्ञापन
यह प्रमाजणत दकया िाता ह ैदक इस अजधसूचना को पूिडव्यापी प्रभाि िेने से (बोड/डजिभाग के समक्ष आिेिन दकए िान ेके िर् ड
से प्रभािी) दकसी भी व्यजि पर प्रजतकूल प्रभाि नहीं पडगे ा।
MINISTRY OF FINANCE
(Department of Revenue)
(CENTRAL BOARD OF DIRECT TAXES)
NOTIFICATION
New Delhi, the 8th January, 2026
(Income Tax)
S.O. 115(E).— In exercise of the powers conferred by clause (23EE) of section 10 of the Income-tax Act, 1961
(43 of 1961), the Central Government hereby notifies the Core Settlement Guarantee Fund
(PAN: AAAJA3150B), set up by AMC Repo Clearing Limited, a recognized clearing corporation, with respect to
specified income mentioned in Explanation (iii) of clause (23EE) of section 10 of the Income-tax Act, 1961, for the
purpose of the said clause for the assessment year 2024-25 and subsequent assessment years.
2. This notification shall be effective subject to the conditions that Core Settlement Guarantee Fund (PAN:
AAAJA3150B) set up by AMC Repo Clearing Limited shall continue to follow conditions mentioned in clause (23EE)
of Section 10 including the following-
a. shall file return of income in accordance with sub-section (4C) of section 139 of the Income-tax Act, 1961.
b. AMC Repo Clearing Limited shall remain recognised as a clearing corporation by SEBI.
[Notification No. 06 /2026/F. No. 300197/212/2023-ITA-I]
HARDEV SINGH, Under Secy.
Explanatory Memorandum
It is certified that no person is being adversely affected by giving retrospective effect (with effect from the year of
application made before the Board/Department) to this notification.
Uploaded by Dte. of Printing at Government of India Press, Ring Road, Mayapuri, New Delhi-110064
and Published by the Controller of Publications, Delhi-110054.