Prior approval for re-commencing trading on the Stock Exchange

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..... am, Sub: - Prior approval for re-commencing trading on the Stock Exchange. 1. A stock exchange in India is recognized by the Central Government / SEBI under section 4 of Securities Contracts (Regulation) Act, 1956 for the purpose of assisting, regulating or controlling the business of buying, selling or dealing in securities, after it is satisfied that it would be in the interest of the tr .....

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..... k management systems etc, the resumption of trading activity without basic infrastructure may not be in the interest of investors / trade. 4. In light of the above, the stock exchanges that have no trading for a period of six months or more shall resume trading only after ensuring that adequate and effective trading systems, clearing and settlement systems, monitoring and surveillance mechanism .....

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..... elopment Report. However, this will be in addition to the requirement prescribed in circular no. MRD/DOP/SE/Cir-14/2006 dated September 28, 2006 7. This circular is being issued in exercise of powers conferred under Section 11(1) read with 11(2)(a) of the Securities and Exchange Board of India Act, 1992, to protect the interests of investors in securities and to promote the development of, and .....

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