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of <h1>SEBI Issues Form B for Stock Exchange Recognition or Renewal Under Securities Contracts Regulation Act, 1956.</h1> The Securities and Exchange Board of India (SEBI) issues Form B for the recognition or renewal of recognition of stock exchanges under the Securities Contracts (Regulation) Act, 1956. SEBI, upon reviewing an application from an exchange, may grant recognition if it serves trade and public interest. The recognition is valid for a specified period or on a permanent basis, subject to conditions. Applications for renewal must reach the Central Government at least three months before expiry. The certificate 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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