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of <h1>SEBI Renews Recognition of OTC Exchange of India for One Year Under Securities Contracts Act 1956.</h1> The Securities and Exchange Board of India (SEBI) has renewed the recognition of the OTC Exchange of India, based in Mumbai, under the Securities Contracts (Regulation) Act, 1956. This renewal is granted for one year, from August 23, 2005, to August 22, 2006. The decision was made in the interest of trade and public welfare, allowing the exchange to continue operations in securities contracts, subject to any conditions that may be prescribed or imposed.
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