Renewal of recognition to OTC Exchange of India - S.O. No.940(E) - SEBI/LE/17963/2004 - SEBI

SECURITIES AND EXCHANGE BOARD OF INDIA NOTIFICATION Mumbai, the 17 th August, 2004 S.O. No.940(E).-F.No. SEBI/LE/17963/2004.- 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, 2004 and ending on the 22nd day of August, 2005 in respect of contracts in securities subject to the conditions stated herein below or as may be prescribed or imposed hereafter : The Exchange shall ensure implementation of all unimplemented observations and rectification of all deficiencies pointed out in the Report on the Inspection of the Exchange conducted by the Securities and Exchange Board of India, as communicated to the Exchange vide letter No. DMS/SSE/OTCEI/14355/2004 dated July 5, 2004. G.N. BAJPAI, Chairman [ADVT.III/IV/69Z-C/2004]