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of <h1>SEBI can investigate and seek more info before recognizing stock exchanges, as per Regulation 8 of 2012 Rules.</h1> The Securities and Exchange Board of India (SEBI) has the authority to conduct inquiries and request additional information or documents before granting recognition to a stock exchange or clearing corporation. This power is outlined in Regulation 8 of the Securities Contracts (Regulation) (Stock Exchanges and Clearing Corporations) Regulations, 2012.
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