Gazette Tracker
Gazette Tracker

Core Purpose

Notification of the Securities and Exchange Board of India granting renewal of recognition to AMC Repo Clearing Limited as a recognised Clearing Corporation under the Securities Contracts (Regulation) Act, 1956.

Detailed Summary

The Securities and Exchange Board of India notification No. SEBI/LAD-NRO/GN/2024/164 dated 15th January 2024, issued in exercise of powers under section 4 read with sub-section (4) of section 8A of the Securities Contracts (Regulation) Act, 1956, grants renewal of recognition under Regulation 12 of the Securities Contracts (Regulation) (Stock Exchanges and Clearing Corporations) Regulations, 2018 to AMC Repo Clearing Limited (Unit No. 503, Windsor, Off CST Road, Kalina, Santacruz East, Mumbai - 400098) for one year, commencing 17th January 2024 and ending 16th January 2025, subject to compliance with SEBI-prescribed conditions and the restriction that the Clearing Corporation shall undertake only clearing and settlement of repo and reverse repo transactions in debt securities traded on a recognised stock exchange; the notification, numbered ADVT.-III/4/Exty./693/2023-24, is signed by Ananth Narayan G, Whole Time Member.

Full Text

REGD. No. D. L.-33004/99 The Gazette of India CG-MH-E-15012024-251351 EXTRAORDINARY PART III-Section 4 PUBLISHED BY AUTHORITY No. 37] NEW DELHI, MONDAY, JANUARY 15, 2024/PAUSHA 25, 1945 SECURITIES AND EXCHANGE BOARD OF INDIA NOTIFICATION Mumbai, the 15th January, 2024 No. SEBI/LAD-NRO/GN/2024/164.—The Securities and Exchange Board of India, having considered the application for grant of renewal of recognition under Regulation 12 of the Securities Contracts (Regulation) (Stock Exchanges and Clearing Corporations) Regulations, 2018, by AMC Repo Clearing Limited, Unit No. 503, Windsor, Off CST Road, Kalina, Santacruz East, Mumbai – 400098 and being satisfied that it would be in the interest of the trade, in the interest of securities market and also in the public interest so to do, hereby grants, in exercise of the powers conferred by section 4 read with sub-section (4) of section 8A of the Securities Contracts (Regulation) Act, 1956, renewal of recognition to the said Clearing Corporation for one year commencing on the 17th day of January, 2024 and ending on the 16th day of January, 2025, subject to the condition that the Clearing Corporation shall comply with the conditions as may be prescribed by rules or specified by the Securities and Exchange Board of India from time to time: Provided that the Clearing Corporation shall not undertake any activity except that of clearing and settling of transactions in repo and reverse repo in the debt securities that are dealt with or traded on a recognized stock exchange. ANANTH NARAYAN G, Whole Time Member [ADVT.-III/4/Exty./693/2023-24]

Never miss important gazettes

Create a free account to save gazettes, add notes, and get email alerts for keywords you care about.

Sign Up Free