Exchange recognition renewed subject to final approval for a settlement or trade guarantee fund before trading commences. SEBI has renewed recognition of the Bhubaneshwar Stock Exchange for a one year period under the Securities Contracts (Regulation) Act, subject to the express condition that the exchange shall commence trading only after obtaining SEBI's final approval for establishment of a Settlement Guarantee Fund or Trade Guarantee Fund, and subject to any further prescribed or imposed regulatory conditions.
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.
Exchange recognition renewed subject to final approval for a settlement or trade guarantee fund before trading commences.
SEBI has renewed recognition of the Bhubaneshwar Stock Exchange for a one year period under the Securities Contracts (Regulation) Act, subject to the express condition that the exchange shall commence trading only after obtaining SEBI's final approval for establishment of a Settlement Guarantee Fund or Trade Guarantee Fund, and subject to any further prescribed or imposed regulatory conditions.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
