Renewal of recognition requires settlement guarantee fund approval and members to hold unencumbered base minimum capital before trading. Renewal of recognition is granted to Coimbatore Stock Exchange Ltd. for one year, conditional on commencement of trading only after final approval of a Settlement Guarantee Fund/Trade Guarantee Fund, ensuring every member maintains adequate Base Minimum Capital free from encumbrances before trading, and compliance with recommendations from the recent regulatory inspection report.
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 requires settlement guarantee fund approval and members to hold unencumbered base minimum capital before trading.
Renewal of recognition is granted to Coimbatore Stock Exchange Ltd. for one year, conditional on commencement of trading only after final approval of a Settlement Guarantee Fund/Trade Guarantee Fund, ensuring every member maintains adequate Base Minimum Capital free from encumbrances before trading, and compliance with recommendations from the recent regulatory inspection report.
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