Withdrawal of recognition requires an exchange to show cause by specified deadline before a designated officer with reasons annexed. Notice initiates procedure for withdrawal of recognition under the Securities Contracts (Regulation) Rules, 1957: the exchange must show cause by a specified date at the office of a designated officer why recognition granted by prior notification and certificate should not be withdrawn, with reasons set out in the annexure, issued by the securities regulator by order and seal.
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Withdrawal of recognition requires an exchange to show cause by specified deadline before a designated officer with reasons annexed.
Notice initiates procedure for withdrawal of recognition under the Securities Contracts (Regulation) Rules, 1957: the exchange must show cause by a specified date at the office of a designated officer why recognition granted by prior notification and certificate should not be withdrawn, with reasons set out in the annexure, issued by the securities regulator by order and seal.
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