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of <h1>SEBI Renews OTC Exchange of India's Recognition for One Year, Requires Addressing Inspection Report Deficiencies Under SC(R) Act, 1956.</h1> The Securities and Exchange Board of India (SEBI) has renewed the recognition of the OTC Exchange of India for one year, from August 23, 2004, to August 22, 2005, under the Securities Contracts (Regulation) Act, 1956. This decision, deemed in the interest of trade and public, is subject to the condition that the Exchange must implement all unaddressed observations and rectify deficiencies noted in SEBI's inspection report communicated on July 5, 2004.
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