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    <description>Renewal of recognition to OTC Exchange of India was granted for one year from 23 August 2004 to 22 August 2005 under the Securities Contracts (Regulation) Act, subject to conditions. The Exchange must implement all unimplemented observations and rectify deficiencies identified in the regulator&#039;s inspection report, as communicated by letter dated 5 July 2004, and remain subject to any further prescribed or imposed conditions.</description>
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