Exchange recognition renewal conditioned on operationalisation of a SEBI approved settlement guarantee fund before trading may commence. SEBI renewed recognition of Cochin Stock Exchange Limited under section 4 of the Securities Contracts (Regulation) Act, 1956 for one year from 8 November 2008 to 7 November 2009, conditional on the Exchange commencing trading only after the operationalisation of a Settlement Guarantee Fund/Trade Guarantee Fund duly approved by SEBI.
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Provisions expressly mentioned in the judgment/order text.
Exchange recognition renewal conditioned on operationalisation of a SEBI approved settlement guarantee fund before trading may commence.
SEBI renewed recognition of Cochin Stock Exchange Limited under section 4 of the Securities Contracts (Regulation) Act, 1956 for one year from 8 November 2008 to 7 November 2009, conditional on the Exchange commencing trading only after the operationalisation of a Settlement Guarantee Fund/Trade Guarantee Fund duly approved by SEBI.
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