Renewal of Recognition to Coimbatore Stock Exchange Ltd. - S.O. No.1062(E) - SEBI/LE/17311/2003 - SEBI

SECURITIES AND EXCHANGE BOARD OF INDIA NOTIFICATION 15 th September, 2003 S.O. No.1062(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 (hereinafter referred to as the Act ) by Coimbatore Stock Exchange Ltd., (hereinafter referred to as the Exchange ) having its registered office at Stock Exchange Building, Trichy Road, Coimbatore-641005 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 Act, renewal of recognition to the Exchange for a further period of one year commencing on the 18th day of September, 2003 and ending on the 17th day of September, 2004, in respect of contracts in securities subject to the conditions stated herein below or as may be prescribed of imposed hereinafter :-- The Exchange shall commence trading only after obtaining final approval from Securities and Exchange Board of India for establishment of the Settlement Guarantee Fund/Trade Guarantee Fund. The Exchange shall ensure that every member of the Exchange maintains adequate Base Minimum Capital (BMC), which is free from any encumbrances before they are permitted to trade in the Exchange. The Exchange shall comply with the suggestions stated in the Report on the Inspection of the Exchange conducted by the Securities and Exchange Board of India during the period August 27-30, 2003 and communicated to the Exchange vide letter no. SRO/SMD/CSX/EIF/2003/1/1015 dated September 12, 2003. [F. No. SEBI/LE/17311/2003] G.N. BAJPAI, Chairman