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<h1>SEBI Demands Stock Exchange to Justify Recognition Status; Response Required by Deadline Under Form C, Amended 1996.</h1> The Securities and Exchange Board of India (SEBI) issues a notice to a stock exchange, requiring it to show cause why its recognition should not be withdrawn. The exchange must respond by a specified date at the designated officer's office, addressing the reasons outlined in the annexure. The notice is issued under the authority of SEBI, referencing specific notification and certificate numbers. This form, known as Form C, was amended by the Securities Contracts (Regulation) (Amendment) Rules in 1996.