Renewal of recognition granted with conditions on member capital, settlement windows, and delivery procedures. SEBI grants renewal of recognition to The Uttar Pradesh Stock Exchange Association Limited for one year under the Securities Contracts (Regulation) Act, 1956, conditioned on the Exchange ensuring members maintain adequate Base Minimum Capital free of encumbrances, establishing a trade-for-trade window and a separate physical-trade window, and ensuring deliveries are effected through the clearing house with direct delivery to investors' accounts as specified by SEBI.
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Provisions expressly mentioned in the judgment/order text.
Renewal of recognition granted with conditions on member capital, settlement windows, and delivery procedures.
SEBI grants renewal of recognition to The Uttar Pradesh Stock Exchange Association Limited for one year under the Securities Contracts (Regulation) Act, 1956, conditioned on the Exchange ensuring members maintain adequate Base Minimum Capital free of encumbrances, establishing a trade-for-trade window and a separate physical-trade window, and ensuring deliveries are effected through the clearing house with direct delivery to investors' accounts as specified by SEBI.
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