Section 4 of the Securities Contracts (Regulation) Act, 1956 - Grant of recognition to Stock Exchange - Renewal recognition to MCX Stock Exchange Limited, Mumbai
Notification No. LAD-NRO/GN/2009-10/16/174954, dated 31-8-2009
The Securities and Exchange Board of India, having considered the application for renewal of recognition made under section 3 of the Securities Contracts (Regulation) Act, 1956 by MCX Stock Exchange Limited, having its registered office at Exchange Square, Suren Road, Chakala, Andheri (East), Mumbai-400 093 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 under section 4 of the Securities Contracts (Regulation) Act, 1956, renewal of recognition to the said Exchange under section 4 of the said Act for a period of one year commencing on the 16th day of September, 2009 and ending on the 15th day of September, 2010 in respect of contracts in securities subject to the conditions stated herein below or as prescribed or imposed hereafter :
* The Exchange shall ensure full compliance with the relevant provisions of the Securities Contracts (Regulation) (Manner of Increasing and Maintaining Public Shareholding in Recognised Stock Exchanges) Regulations, 2006 within a period of one year (i.e., till September 15, 2010).
* The Exchange will permit trade only in securities in which trading was permitted hitherto and shall not be eligible for introduction of any new class of contracts in securities, till such time as the compliance referred to above is ensured.
* The Exchange shall comply with such other conditions as may be prescribed by SEBI from time to time.
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