Renewal of recognition under the Securities Contracts (Regulation) Act allows continued exchange authorization subject to regulatory conditions. SEBI has renewed recognition of the OTC Exchange of India under section 4 of the Securities Contracts (Regulation) Act, 1956 for a one-year period in respect of contracts in securities, following an application under section 3 and on being satisfied that renewal is in the interest of trade and the public, subject to conditions that may be prescribed or imposed subsequently.
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Renewal of recognition under the Securities Contracts (Regulation) Act allows continued exchange authorization subject to regulatory conditions.
SEBI has renewed recognition of the OTC Exchange of India under section 4 of the Securities Contracts (Regulation) Act, 1956 for a one-year period in respect of contracts in securities, following an application under section 3 and on being satisfied that renewal is in the interest of trade and the public, subject to conditions that may be prescribed or imposed subsequently.
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