Notified the Delhi Stock Exchange Limited (Corporatisation and Demutualisation) Scheme, 2005 - a recognised stock exchange has not been corporatised and demutualised within the specified time. - S.O. 1102(E)

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<h1>Delhi Stock Exchange Loses Recognition for Failing to Corporatize by 2007 Deadline per SEBI's 2005 Scheme.</h1> The Securities and Exchange Board of India (SEBI) notified that the Delhi Stock Exchange Limited was required to corporatize and demutualize under the 2005 scheme by August 28, 2007, as per the Securities Contracts (Regulation) Act, 1956. The exchange failed to meet this requirement within the specified timeframe. Consequently, the Central Government, exercising its authority under the Act, has withdrawn the recognition previously granted to the Delhi Stock Exchange Limited.

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