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of <h1>SEBI Updates Trading and Settlement Cycle Rules for Uniformity Across Stock Exchanges u/s 4 of SCRA, 1956.</h1> The Securities and Exchange Board of India (SEBI) has modified condition 1(c) in its previous notification dated November 18, 1998. The modification requires all participating stock exchanges to implement a uniform trading and settlement cycle, which may differ from the cycle of the Interconnected Stock Exchange of India Limited. This change is enacted under the authority granted by Section 4 of the Securities Contracts (Regulation) Act, 1956. The modification aims to ensure consistency in trading practices across different stock exchanges while allowing flexibility in alignment with the Interconnected Stock Exchange.
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