Renewal of recognition: trading permitted only after establishment and approval of a Settlement Guarantee Fund. Renewal of recognition is granted for one year subject to conditions: the exchange must establish a Settlement Guarantee Fund in compliance with the specified SEBI circular and secure SEBI's final approval; trading may commence only after that fund is set up and approved; and the exchange must repay the balance of refundable financial support previously extended by the regulator.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Renewal of recognition: trading permitted only after establishment and approval of a Settlement Guarantee Fund.
Renewal of recognition is granted for one year subject to conditions: the exchange must establish a Settlement Guarantee Fund in compliance with the specified SEBI circular and secure SEBI's final approval; trading may commence only after that fund is set up and approved; and the exchange must repay the balance of refundable financial support previously extended by the regulator.
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