TaxTMI 
TaxTMI 
Conditions for grant of recognition as a Bullion Exchange or Bullion Clearing Corporation
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....applicant seeking recognition as a bullion exchange or bullion clearing corporation, as the case may be, shall comply with the following conditions, namely: (a) the applicant is a company limited by shares; (b) the applicant is demutualised; (c) the applicant, its directors and shareholders who hold or intend to hold shares, are fit and proper persons, as specified in th....
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...., namely: (a) the applicant has necessary infrastructure for the orderly execution of trades; (b) the applicant has an online screen-based trading system; (c) the applicant has an online surveillance capability which monitors positions, prices and volumes in real time so as to ensure market integrity; (d) the applicant has adequate infrastructure to list bullion....
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....ate systems' capacity supported by a business continuity plan including a disaster recovery site; (j) the applicant has in its employment, sufficient number of persons having adequate professional and other relevant experience; and (k) any other conditions as may be specified by the Authority. (3) An applicant seeking recognition as a bullion clearing corporation shall, in....
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....establish connectivity with bullion depository, clearing banks, bullion exchange and bullion clearing members; (g) the applicant has adequate systems' capacity for on-line/real time risk management of trades cleared and settled and is supported by a suitable business continuity plan including a disaster recovery site; (h) the applicant has in its employment, sufficient number....