Recognition renewal for Coimbatore Stock Exchange subject to trading approval and member capital requirements. Renewal of recognition is granted to Coimbatore Stock Exchange Ltd. under the Securities Contracts (Regulation) Act, 1956 for one year commencing 18th September 2004, subject to conditions: trading may commence only after final SEBI approval of a Settlement Guarantee Fund/Trade Guarantee Fund; every member must maintain adequate Base Minimum Capital free of encumbrance before trading; and the Exchange must comply with suggestions in the SEBI inspection report of July 19-21, 2004 as communicated on August 11, 2004.
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Provisions expressly mentioned in the judgment/order text.
Recognition renewal for Coimbatore Stock Exchange subject to trading approval and member capital requirements.
Renewal of recognition is granted to Coimbatore Stock Exchange Ltd. under the Securities Contracts (Regulation) Act, 1956 for one year commencing 18th September 2004, subject to conditions: trading may commence only after final SEBI approval of a Settlement Guarantee Fund/Trade Guarantee Fund; every member must maintain adequate Base Minimum Capital free of encumbrance before trading; and the Exchange must comply with suggestions in the SEBI inspection report of July 19-21, 2004 as communicated on August 11, 2004.
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