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TMI BlogApplication for recognition/renewal of recognition of a stock exchange undersection 3 of the Securities Contracts (Regulation) Act, 1956X X X X Extracts X X X X X X X X Extracts X X X X ..... .................................. dated ................................./Certificate of recognition dated...............................We/I on behalf of .................. (name and address of stock exchange) being a stock exchange as defined in section 2 of the Securities Contracts (Regulation) Act, 1956 hereby apply for recognition/renewal of recognition for the purposes of the said Act in respect of contracts in securities. 2. Four copies of the rules, memorandum and articles of association relating in general to the constitution and management of the stock exchange and four copies of the bye-laws for the regulation and control contracts in securities are enclosed. 3. All the necessary information required in the Annexure to this Form ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... thereof and the privileges enjoyed by each class. What is the procedure followed by your exchange for the admission of different classes of new members ? 10. What are the rates of your annual subscription in respect of the different classes of members ? 11. Do you collect any security deposit from your members ? If so, give details and also state the manner in which such deposits are utilised and the rate of interest allowed, if any. 12. Do you collect any admission or entrance fees from your members or from partners of firms who are members ? If so, how much ? 13. Do you insist on your members and partners of firms who are members divesting themselves of other activities either as principal or as employee ? 14. Do your rules permit firms t ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... furnish details of the method of their appointment, terms of office, powers and functions. 23. Give the designations, powers and duties of principal office-bearers of your exchange. Are any of these office-bearers in the pay of the stock exchange ? If so, give details as to the mode of their appointment, tenure of office and remuneration. Part IV Trading 24. Do you have a trading ring ? If not, how do you carry on the business ? Give details. 25. State the different kinds of contracts in use on your exchange e.g., spot, ready and forward. State the period of delivery and payment in each case. 26. Give details of business hours for each type of contract. 27. Give details of the scale of brokerage and other charges, if any, prescribed by you ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... recording of bargains ? 39. Have you any arrangements for recording and publishing market rates including opening, closing, highest and lowest rates ? 40. What provisions have you made for regulating-(a) the entering into contracts, their performance and rescission, including contracts : (i) between members, (ii) between a member and his constituent, and (iii) between a member and a non-member; (b) the consequences of breach, default or insolvency on the part of members whether acting as buyers, sellers or intermediaries ; and (c) havalas and other matters relating to conduct of business of members in the exchange ? 41. Do you prescribe margin requirements ? If yes, give details. 42. Do you prescribe maximum and minimum prices for securitie ..... X X X X Extracts X X X X X X X X Extracts X X X X
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