Renewal of recognition conditioned on compliance: exchange must certify margin computations and rectify software deficiencies. Renewal of recognition of the Ludhiana Stock Exchange Association Limited is granted for one year commencing 28th April 2002 subject to two conditions: within one month the exchange must submit an internal auditor's report certifying that gross exposure and margins are computed as prescribed and that irregularities from the January 2001 inspection have been rectified; and the exchange must obtain written confirmation from its software vendor that all software deficiencies have been rectified.