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of <h1>SEBI Renews OTC Exchange of India Recognition for One Year; Trading Conditional on Compliance with Regulations.</h1> The Securities and Exchange Board of India (SEBI) has granted a one-year renewal of recognition to the OTC Exchange of India under the Securities Contracts (Regulation) Act, 1956. This renewal is effective from August 23, 2010, to August 22, 2011. The Exchange is permitted to commence trading only after complying with the Securities Contracts (Regulation) (Manner of Increasing and Maintaining Public Shareholding in Recognised Stock Exchanges) Regulations, 2006, and SEBI's Circular No. MRD/DSA/SE/Cir-12/09. Additional conditions may be imposed by SEBI as necessary.
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