Clearing corporation

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..... (1 of 1956), for the purpose of- (a) the periodical settlement of contracts and differences thereunder; (b) the delivery of, and payment for, securities; (c) any other matter incidental to, or connected with, such transfer. (2) Every clearing corporation shall, for the purpose of transfer of the duties and functions of a clearing house to a clearing corporation referred to in sub-section (1 .....

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