https://www.taxtmi.com/circulars?id=58124 Exchanges with prolonged suspension of trading or persistent failure to meet turnover or market share criteria shall be liable to exit; resumption requires restoration of adequate trading, clearing, surveillance and risk management systems and prior SEBI approval. On de recognition, assets cannot be alienated without SEBI approval, a SEBI appointed valuation will determine distributable assets after statutory dues, transfer of investor protection funds to SEBI, payment of regulatory and broker registration fees, recovery of broker dues from deposits or proceeds, and provision for pending claims and contingent liabilities. en-us Mon, 11 Jan 2016 00:00:00 +0530 Sat, 08 Dec 2018 12:45:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=58124 Exchanges with prolonged suspension of trading or persistent failure to meet turnover or market share criteria shall be liable to exit; resumption requires restoration of adequate trading, clearing, surveillance and risk management systems and prior SEBI approval. On de recognition, assets cannot be alienated without SEBI approval, a SEBI appointed valuation will determine distributable assets after statutory dues, transfer of investor protection funds to SEBI, payment of regulatory and broker registration fees, recovery of broker dues from deposits or proceeds, and provision for pending claims and contingent liabilities. Circulars SEBI Mon, 11 Jan 2016 00:00:00 +0530 https://www.taxtmi.com/circulars?id=58124