Recognition renewal for a clearing corporation under securities regulations subject to regulatory conditions and ongoing compliance. Renewal of recognition under Regulation 12 of the Securities Contracts (Regulation) (Stock Exchanges and Clearing Corporations) Regulations, 2012 is granted to India International Clearing Corporation (IFSC) Ltd for a fixed one year period under powers conferred by section 4 read with sub section (4) of section 8A of the Securities Contracts (Regulation) Act, 1956, on the condition that the clearing corporation shall comply with conditions specified by the regulator from time to time and with any conditions that may be prescribed or imposed subsequently.