Renewal of recognition to Magadh Stock Exchange Association, Patna. - S.O. No.1354(E) - SEBI/LE/27030/2004 - SEBI

SECURITIES AND EXCHANGE BOARD OF INDIA NOTIFICATION Mumbai, the 06 th December, 2004 S.O. No.1354(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 Magadh Stock Exchange Association having its registered office at 9th Floor, Ashiana Plaza, Budh Marg, Patna-800 001, 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 11th day of December, 2004, and ending on the 10th day of December, 2005, in respect of contracts in securities subject to the conditions stated hereinbelow or as may be prescribed or imposed hereafter:- The exchange shall set up settlement guarantee fund in compliance with SEBI Circular No. SMD/Policy/Sub-broker/Cir-12/97, dated June 9, 1997, after final approval by the SEBI. Trading shall commence only after setting up of Settlement Guarantee Fund, duly approved by the SEBI. The exchange shall repay the balance amount of ₹ 7,50,000 (seven lakhs fifty thousand only) towards refundable finanical support extended by the SEBI to the exchange. [F.No. SEBI/LE/27030/2004] G.N. BAJPAI, Chairman