Renewal of recognition for a stock exchange granted subject to mandatory compliance with SEBI advice within three months. Renewal of recognition under the Securities Contracts (Regulation) Act is granted for one year from 28 April 2004 to 27 April 2005 for contracts in securities, on the basis that such renewal is in the interest of trade and the public. The recognition is expressly made subject to the exchange complying with the regulator's advice communicated by letter within three months of the notification, and to any additional conditions that may be prescribed or imposed thereafter.
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 for a stock exchange granted subject to mandatory compliance with SEBI advice within three months.
Renewal of recognition under the Securities Contracts (Regulation) Act is granted for one year from 28 April 2004 to 27 April 2005 for contracts in securities, on the basis that such renewal is in the interest of trade and the public. The recognition is expressly made subject to the exchange complying with the regulator's advice communicated by letter within three months of the notification, and to any additional conditions that may be prescribed or imposed thereafter.
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