SEBI Renews MCX Stock Exchange Recognition for One Year with Conditions on Trading and Legal Compliance.
The Securities and Exchange Board of India (SEBI) has renewed the recognition of MCX Stock Exchange Limited under the Securities Contracts (Regulation) Act, 1956, for one year, from September 16, 2011, to September 15, 2012. This renewal is contingent upon the resolution of a notice dated September 13, 2011, ongoing court proceedings related to a SEBI order from September 23, 2010, and compliance with applicable laws and regulations. The exchange is restricted to trading only in previously permitted securities and must adhere to additional conditions set by SEBI.
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