Renewal of recognition conditioned on settlement fund approval and member capital and compliance prerequisites before trading. Renewal of recognition is granted to Saurashtra Kutch Stock Exchange Limited for a further one-year period in respect of contracts in securities, conditioned on obtaining final approval for a Settlement Guarantee Fund/Trade Guarantee Fund before trading, confirming compliance with SEBI circulars and prior SEBI approvals, ensuring every member maintains adequate Base Minimum Capital free of encumbrances before trading, and complying with observations in SEBI's inspection report, with the Exchange remaining subject to further regulatory prescriptions under the Act.
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 conditioned on settlement fund approval and member capital and compliance prerequisites before trading.
Renewal of recognition is granted to Saurashtra Kutch Stock Exchange Limited for a further one-year period in respect of contracts in securities, conditioned on obtaining final approval for a Settlement Guarantee Fund/Trade Guarantee Fund before trading, confirming compliance with SEBI circulars and prior SEBI approvals, ensuring every member maintains adequate Base Minimum Capital free of encumbrances before trading, and complying with observations in SEBI's inspection report, with the Exchange remaining subject to further regulatory prescriptions under the Act.
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