SEBI permitted the exit of the Indian Commodity Exchange Limited as a stock exchange and the consequent withdrawal of recognition granted to it

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....ard Market Commission, vide Notification dated October 9, 2009 bearing number S.O. No. 2565 (E), granted recognition to the Indian Commodity Exchange Limited as an 'association' in terms of section 6 of the Forward Contracts (Regulation) Act, 1952 (since repealed). 2. And whereas sub-section (1) of section 28A of the Forward Contracts (Regulation) Act, 1952 provided that pursuant to the merger of....

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....he public interest, the recognition granted to such stock exchange stands withdrawn. 4. And whereas the Securities and Exchange Board of India vide Order dated May 10, 2022, withdrew the recognition granted to the Indian Commodity Exchange Limited and the same was notified in the Official Gazette on May 18, 2022 bearing number SEBI/LAD-NRO/GN/2022/86. The Order dated May 10, 2022 was challenged b....