Grants of application for recognition Inter-connected Stock Exchange of India Ltd., Mumbai.

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....ication for recognition made under Section 3 of the Securities Contracts (Regulation) Act, 1956 by Inter-connected Stock Exchange of India Ltd., Mumbai and being satisfied that it would be in the interest of the trade and also in the public interest so to do, hereby grants, in exercise of the powers conferred by Section 4 of the Securities Contracts (Regulation) Act, 1956 recognition to the said E....

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....k Exchange of India Limited.] 2. The traders of the Exchange shall maintain Base Minimum Capital of Rs. 4.00 lakhs. However, to start with the traders may have a Base Minimum Capital of Rs. 2 lakhs which shall be increased to Rs. 3.00 lakhs within six months and to Rs. 4.00 lakhs at the end of the first year from the date of commencement of trading of the Exchange. If a trader fails to maintain....