https://www.taxtmi.com/acts?id=32873 Withdrawal of recognition may be ordered where the government or regulator deems it necessary in the interest of trade or the public, subject to written notice, stated reasons and an opportunity for the exchange's governing body to be heard; the notification may provide, after consultation with the exchange, for due performance of outstanding contracts and does not affect validity of contracts entered into before notification. Recognition also stands withdrawn if the exchange fails to corporatise or demutualise, fails to submit the required scheme in time, or the regulator rejects the scheme, with the regulator empowered to specify transitional provisions. en-us Thu, 22 Nov 2018 15:30:04 +0530 Thu, 22 Nov 2018 15:30:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=32873 Withdrawal of recognition may be ordered where the government or regulator deems it necessary in the interest of trade or the public, subject to written notice, stated reasons and an opportunity for the exchange's governing body to be heard; the notification may provide, after consultation with the exchange, for due performance of outstanding contracts and does not affect validity of contracts entered into before notification. Recognition also stands withdrawn if the exchange fails to corporatise or demutualise, fails to submit the required scheme in time, or the regulator rejects the scheme, with the regulator empowered to specify transitional provisions. Act-Rules SEBI Thu, 22 Nov 2018 15:30:04 +0530 https://www.taxtmi.com/acts?id=32873