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Renewal of recognition requires regulatory approval for the settlement/trade guarantee fund before exchange may commence trading. SEBI granted renewal of recognition to Guwahati Stock Exchange Limited for the period 1 May 2006 to 30 April 2007 under the Securities Contracts (Regulation) Act, conditional on the Exchange commencing trading only after obtaining final SEBI approval for establishment of its Settlement Guarantee Fund/Trade Guarantee Fund.
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Provisions expressly mentioned in the judgment/order text.
Renewal of recognition requires regulatory approval for the settlement/trade guarantee fund before exchange may commence trading.
SEBI granted renewal of recognition to Guwahati Stock Exchange Limited for the period 1 May 2006 to 30 April 2007 under the Securities Contracts (Regulation) Act, conditional on the Exchange commencing trading only after obtaining final SEBI approval for establishment of its Settlement Guarantee Fund/Trade Guarantee Fund.
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