Availability of ‑ Company not to be registered with words “Stock Exchange” as part of its name without obtaining in principle approval/no objection of SEBI
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Use of 'Stock Exchange' in a company name requires SEBI in principle approval or no objection to prevent investor deception. Companies shall not be registered with the words 'Stock Exchange' in their name unless they have in principle approval or a no objection from the Securities and Exchange Board of India; this measure prevents companies that lack statutory permission or recognition under the Securities Contracts (Regulation) Act from misleading investors or collecting deposits as if they were recognised stock exchanges.
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.
Use of "Stock Exchange" in a company name requires SEBI in principle approval or no objection to prevent investor deception.
Companies shall not be registered with the words "Stock Exchange" in their name unless they have in principle approval or a no objection from the Securities and Exchange Board of India; this measure prevents companies that lack statutory permission or recognition under the Securities Contracts (Regulation) Act from misleading investors or collecting deposits as if they were recognised stock exchanges.
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