Stock Broker

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....f the Securities Contracts (Regulation) Act, 1956      "recognised stock exchange" means a stock exchange which is for the time being recognised by the Central Government under section 4. As per section 4 of the Securities Contracts (Regulation) Act, 1956       (1) If the Central Government is satisfied, after making such inquiry as may be necessary in this behalf and after obtaining such further information, if any, as it may require:            (a) that the rules and bye-laws of a stock exchange applying for registration are in conformity with such conditions as may be prescribed with a view to ensure fair dealing and to protect investors; ....

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....each of the stock exchanges by such number of persons not exceeding three as the Central Government may nominate in this behalf; and            (iv) the maintenance of accounts of members and their audit by chartered accountants whenever such audit is required by the Central Government.       (3) Every grant of recognition to a stock exchange under this section shall be published in the Gazette of India and also in the Official Gazette of the State in which the principal office as of the stock exchange is situate, and such recognition shall have effect as from the date of its publication in the Gazette of India.       (4) No rules of a rec....

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....case may be, in accordance with the rules and regulations made under the Securities and Exchange Board of India Act, 1992 (15 of 1992); ************************* A. As per Paragraph No 6. of Circular No. 96/7/2007 dated 23/8/2007 states that :-      "6. This circular supersedes all circulars, clarifications and communications, other than Orders issued under section 37B of the Central Excise Act, 1944 (as made applicable to service tax by section 83 of the Finance Act, 1994), issued from time to time by the CBEC, DG (Service Tax) and various field formations on all technical issues including the scope and classification of taxable services, valuation of taxable services, export of services, services received from outsi....