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of <h1>SEBI Grants Recognition or Renewal to Stock Exchanges Under Securities Contracts (Regulation) Act, 1956; Applications Due Three Months Prior</h1> The Securities and Exchange Board of India (SEBI) grants recognition or renewal of recognition to stock exchanges under the Securities Contracts (Regulation) Act, 1956. This recognition is given after considering the application and determining that it serves the trade and public interest. The recognition is granted for a specified period or on a permanent basis, subject to conditions. Applications for renewal must be submitted at least three months before the current recognition expires. The certificate of recognition must be published in the Gazette of India and the state's official gazette where the exchange's principal office is located.
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