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of <h1>SEBI Renews OTC Exchange of India's Recognition for One Year, Effective August 23, 2007, u/s 4 of SCR Act 1956.</h1> The Securities and Exchange Board of India (SEBI) has renewed the recognition of the OTC Exchange of India, located in Mumbai, for one year. This renewal, granted under section 4 of the Securities Contracts (Regulation) Act, 1956, is effective from August 23, 2007, to August 22, 2008. SEBI determined that the renewal serves both trade and public interests. The renewal is subject to conditions that may be prescribed or imposed in the future.
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