Recognition of stock exchanges: conditional recognition under securities law with renewal, publication, and seal/signature formalities. Recognition of a securities exchange is granted under the Securities Contracts (Regulation) Act, either for specified year(s) or permanently, subject to conditions that may be prescribed or imposed later. Renewal applications must be filed within the prescribed antecedent period. The grant is formalised by official signature and seal and must be published in the Gazette of India and the State Gazette where the exchange's principal office is located.