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of <h1>SEBI Renews O.T.C. Exchange of India's Recognition for One Year, Effective August 23, 2003, Under Specific Compliance Conditions.</h1> The Securities and Exchange Board of India (SEBI) has granted a one-year renewal of recognition to the O.T.C. Exchange of India, effective from August 23, 2003, to August 22, 2004. This decision, made under the Securities Contracts (Regulation) Act, 1956, is deemed beneficial for trade and public interest. The renewal is contingent upon the Exchange complying with observations from SEBI's inspection report conducted in June 2003, as communicated in a letter dated July 24, 2003.
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