Renewal of recognition granted subject to establishment of settlement/trade guarantee funds and payment of outstanding financial support. Renewal of recognition under the Securities Contracts (Regulation) Act is granted to Magadh Stock Exchange Association for one year from 11 December 2003 to 10 December 2004, subject to conditions: (i) setting of Trading Guarantee Fund/Settlement Guarantee Fund after final regulatory approval, (ii) trading to commence only after such Settlement Guarantee Fund or Trade Guarantee Fund is established and approved, and (iii) payment of the balance of the refundable financial support extended by the regulator on or before the specified due date.
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 granted subject to establishment of settlement/trade guarantee funds and payment of outstanding financial support.
Renewal of recognition under the Securities Contracts (Regulation) Act is granted to Magadh Stock Exchange Association for one year from 11 December 2003 to 10 December 2004, subject to conditions: (i) setting of Trading Guarantee Fund/Settlement Guarantee Fund after final regulatory approval, (ii) trading to commence only after such Settlement Guarantee Fund or Trade Guarantee Fund is established and approved, and (iii) payment of the balance of the refundable financial support extended by the regulator on or before the specified due date.
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