Admission of securities requires Board approval before a clearing corporation extends services or admits instruments for settlement. A recognised clearing corporation must obtain prior approval of the Board before extending services to any segment of a recognised stock exchange or admitting any securities for clearing and settlement, making Board consent a precondition for operational expansion and inclusion of instruments in clearing arrangements.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Admission of securities requires Board approval before a clearing corporation extends services or admits instruments for settlement.
A recognised clearing corporation must obtain prior approval of the Board before extending services to any segment of a recognised stock exchange or admitting any securities for clearing and settlement, making Board consent a precondition for operational expansion and inclusion of instruments in clearing arrangements.
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