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of <h1>Government Grants Stock Exchange Recognition Under Securities Contracts (Regulation) Act, 1956; Ensures Investor Protection and Fair Trading Practices.</h1> The Securities Contracts (Regulation) Act, 1956 outlines the process for granting recognition to stock exchanges by the Central Government. The government must ensure that the stock exchange's rules align with prescribed conditions to protect investors and promote fair dealing. The stock exchange must agree to additional conditions, including membership criteria and contract enforcement, as determined by the government. Recognition is granted if it serves trade and public interests, and is published in official gazettes. Any amendments to the recognized stock exchange's rules require government approval, and applications for recognition cannot be refused without a hearing.
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