Renewal of recognition the OTC Exchange of India Mumbai. - LAD-NRO/GN/2011-12/20/26624 - SEBI

SECURITIES AND EXCNANGE BOARD OF INDIA NOTIFICATION Mumbai, the 23 rd August, 2011 NO. LAD-NRO/GN/2011-12/20/26624.- 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 OTC Exchange of India having its registered office at 92, Maker Towers, F Cuffe Parade, Mumbai-400005 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 23rd day of August, 2011 and ending on 22 nd day of August, 2012 in respect of contracts in securities subject to the conditions as may be prescribed or imposed hereafter : (i) The Exchange can commence trading only after compliance with Securities Contracts (Regulation) (Manner of Increasing and Maintaining Public Shareholding in Recognised Stock Exchanges) Regulations, 2006 and after complying with Securities and Exchange Board of India's Circular No. MRD/DSA/SE/Cir-12/09 dated October 7, 2009. (ii) The Exchange shall comply with such other conditions as may be prescribed by SEBI from time to time. PRASHANT SARAN, Whole time Member [ADVT III/4/69ZB/11/Exty]