Recognition renewal for clearing corporation granted under securities regulation, subject to SEBI conditions and compliance. Recognition renewal is granted to National Securities Clearing Corporation Ltd under Regulation 12 of the Securities Contracts (Regulation) (Stock Exchanges and Clearing Corporations) Regulations, 2012 by exercise of powers under section 4 read with sub section (4) of section 8A of the Securities Contracts (Regulation) Act, 1956, for a fixed three year period and subject to conditions and compliance obligations specified by the regulator and any further conditions that may be prescribed or imposed.