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<h1>SEBI Renews Recognition for Inter-connected Stock Exchange in Navi Mumbai Under Securities Contracts Act, 1956 for One Year.</h1> The Securities and Exchange Board of India (SEBI) has granted a renewal of recognition to the Inter-connected Stock Exchange of India Limited, located in Navi Mumbai, under the Securities Contracts (Regulation) Act, 1956. This renewal, effective from November 18, 2008, to November 17, 2009, allows the exchange to continue operations in securities contracts. The decision was made in the interest of trade and public welfare, with specific conditions to be prescribed or imposed as necessary.