Renewal of recognition granted to OTC Exchange of India subject to implementing SEBI inspection recommendations within specified period. Renewal of recognition for the Over The Counter Exchange of India is granted under the Securities Contracts (Regulation) Act for a five-year period commencing 23rd August 1994 and ending 22nd August 1999, subject to the Exchange taking necessary action to implement the recommendations contained in Section III of the SEBI inspection report (reference SMD-1/4186/94 dated 5-8-1994) and to any other conditions that may be imposed subsequently.