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of <h1>SEBI Grants Recognition to Stock Exchanges and Clearing Corporations Under Section 4, Following Regulation 7 Conditions</h1> The Securities and Exchange Board of India (SEBI) may grant recognition to an applicant as a stock exchange or clearing corporation if they meet the conditions outlined in regulation 7 and are deemed eligible. This recognition is granted in the interest of the securities market under section 4 of the Act. Recognized stock exchanges receive recognition in Form B of the rules, while clearing corporations receive it in Form B of Schedule-I of these regulations. Both entities must adhere to additional conditions imposed by SEBI, including those related to the nature of securities to be handled.
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