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of <h1>Application for Stock Exchange or Clearing Corporation Recognition Requires Form A Compliance Under Rule 3, Schedule I, SEBI Regulations 2012.</h1> An application for recognition as a stock exchange must comply with the relevant Act, rules, and regulations, and be submitted to the Board using Form A, as specified under rule 3. Similarly, an application for recognition as a clearing corporation must adhere to the same compliance requirements and be submitted using Form A as outlined in Schedule I of the regulations. These procedures are part of the Securities Contracts (Regulation) (Stock Exchanges and Clearing Corporations) Regulations, 2012, governed by SEBI.
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