Renewal of recognition to Ludhiana Stock Exchange Association Limited, Ludhiana - S.O. No.579(E) - SEBI/LE/39237/2005 - SEBI

SECURITIES AND EXCHANGE BOARD OF INDIA NOTIFICATION Mumbai, the 25 th April, 2005 S.O. No.579(E).- 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 the Ludhiana Stock Exchange Association Limited having its registered office at Feroze Gandhi Market, Ludhiana-141001 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, renewal of recognition to the said Exchange under section 4 of the said Act for a period of one year commencing on the 28th day of April, 2005 and ending on the 27th day of April, 2006 in respect of contracts in securities subject to the condition stated herein below or as may be prescribed or imposed hereafter :- The said exchange shall comply with the unimplemented advice of SEBI communicated vide letter No. MRD/DSA/LSE/7831/04 dated 20th April, 2004 in the following manner :- (i) Matter pertaining to M/s. Girnar Fibres Limited and its underwriters shall be expedited and completed within a period of one year. (ii) Investor complaints shall be expedited and redressed within a period of six months. (iii) Investor Grievance Committee shall expedite and settle the grievances within a period of six months. [F.No.SEBI/LE/39237/2005] M. DAMODRAN, Chairman