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Core Purpose

Notification under section 4 read with sub-section (4) of section 8A of the Securities Contracts (Regulation) Act, 1956 granting renewal of recognition to Indian Clearing Corporation Limited as a recognized clearing corporation for three years.

Detailed Summary

By Notification No. SEBI/LAD-NRO/GN/2023/152 dated 27th September 2023, the Securities and Exchange Board of India, having considered the application of Indian Clearing Corporation Limited (25th Floor, P.J. Towers, Dalal Street, Fort, Mumbai - 400001) for renewal of recognition under Regulation 12 of the Securities Contracts (Regulation) (Stock Exchanges and Clearing Corporations) Regulations, 2018, and being satisfied it was in the interest of trade, the securities market and the public, exercised powers under section 4 read with sub-section (4) of section 8A of the Securities Contracts (Regulation) Act, 1956, to grant renewal of recognition to the Clearing Corporation for three years commencing 3rd October 2023 and ending 2nd October 2026, subject to conditions specified by SEBI from time to time; signed by Ananth Narayan G., Whole Time Member, under ADVT.-III/4/Exty./450/2023-24.

Full Text

6148 GI/202 3 (1) रजिस्ट्री सं. डी.एल.- 33004/99 REGD. No . D. L. -33004/99 EXTRAORDINARY PART III—Section 4 PUBLISHED BY AUTHORITY No. 668] NEW DELHI, WEDNESDAY , SEPTEMBER 27, 2023/ ASVINA 5, 1945 CG-MH-E-27092023-249034 SECURITIES AND EXCHANGE BOARD OF INDIA NOTIFICATION Mum bai, the 27th September, 2023 No. SEBI/LAD -NRO/GN/2023/152. ─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 Indian Clearing Corporation Limited, 25th Floor, P.J. Towers, Dalal Street, Fort, Mumbai – 400001 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 three years commencing on the 3rd day of October, 2023 and ending on the 2nd day of October, 2026, subject to the conditions stated herein below or as may be prescribed or imposed hereafter:  The Clearing Corporation shall comply with conditions specified by SEBI from time to time. ANANTH NARAYAN G ., Whole Time Member [ADVT. -III/4/Exty./ 450/2023 -24] Uploaded by Dte. of Printing at Government of India Press, Ring Road, Mayapuri, New Delhi -110064 and Published by the Controller of Publications, Delhi -110054.

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