SEBI having considered the application for renewal of recognition made under Section 3 of the Securities Contracts

Last updated: 15 September 2023
Quick Summary
The Securities and Exchange Board of India (SEBI) has granted a renewal of recognition to the Metropolitan Stock Exchange of India Limited. This renewal is effective for one year, starting from 16th September 2023 and concluding on 15th September 2024. The decision follows SEBI's consideration of the exchange's application and satisfaction that the renewal is in the interest of trade and the public.

SECURITIES AND EXCHANGE BOARD OF INDIA
NOTIFICATION
Mumbai, the 13th September, 2023

No. SEBI/LAD-NRO/GN/2023/150.—Securities and Exchange Board of India, having considered the application for renewal of recognition made under Section 3 of the Securities Contracts (Regulation) Act, 1956 by Metropolitan Stock Exchange of India Limited, having its registered office at Building A, Unit 205A, 2nd Floor, Piramal Agastya Corporate Park, Kamani Junction, L.B.S. Road, Kurla (West), Mumbai-400070 and being satisfied that it would be in the interest of trade and also in the public interest so to do, hereby grants, in exercise of the powers conferred under section 4 of the Securities Contracts (Regulation) Act, 1956, renewal of recognition to the said Exchange under section 4 of the said Act for a period of one year commencing on the 16th day of September, 2023 and ending on the 15th day of September, 2024 in respect of contracts in securities subject to the conditions stated herein below or as may be prescribed or imposed hereafter:

  • The Exchange shall comply with conditions as may be prescribed by SEBI from time to time

AMARJEET SINGH, Whole Time Member
[ADVT.-III/4/Exty./419/2023-24]

FAQ :

The Metropolitan Stock Exchange of India Limited has received a renewal of recognition.

The recognition is renewed for a period of one year, commencing on 16th September 2023 and ending on 15th September 2024.

The renewal of recognition was granted under Section 4 of the Securities Contracts (Regulation) Act, 1956.

The exchange must comply with conditions as may be prescribed by SEBI from time to time.

 
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