Renewal of recognition authorises National Commodity Clearing Limited to operate as a recognized clearing corporation subject to SEBI conditions. Renewal of recognition to National Commodity Clearing Limited as a recognized clearing corporation under the Securities Contracts (Regulation) Act, 1956 for a fixed three year term, conditioned on ongoing compliance with conditions prescribed or imposed by the Securities and Exchange Board of India, and grounded on considerations of trade interest, securities market interest and public interest.