Renewal of recognition under the Securities Contracts (Regulation) Act granted to a regional exchange, subject to existing conditions. SEBI exercised statutory powers to renew recognition of Magadh Stock Exchange Association, Patna for a one-year period commencing December 11, 1999 and ending December 10, 2000 in respect of contracts in securities, on the basis that renewal was in the interest of trade and the public interest and subject to conditions already prescribed for recognition of the exchange.
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Provisions expressly mentioned in the judgment/order text.
Renewal of recognition under the Securities Contracts (Regulation) Act granted to a regional exchange, subject to existing conditions.
SEBI exercised statutory powers to renew recognition of Magadh Stock Exchange Association, Patna for a one-year period commencing December 11, 1999 and ending December 10, 2000 in respect of contracts in securities, on the basis that renewal was in the interest of trade and the public interest and subject to conditions already prescribed for recognition of the exchange.
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