Home India Securities and Exchange Board of India Securities and Exchange Board of India had, vide notificatio...
Date: 2018-12-24 Category: Extra Ordinary State: Union Government Country: India

Securities and Exchange Board of India had, vide notification bearing Number

Issued by Securities and Exchange Board of India · Not Applicable

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Executive Summary & Key Takeaways

This notification, issued by the Securities and Exchange Board of India (SEBI) on December 24, 2018, concerns the renaming of the National Securities Clearing Corporation Limited. The original notification, bearing number SEBI/LADNRO/GN/2017-18/019 and dated September 26, 2017, granted renewal of recognition to National Securities Clearing Corporation Ltd. under Section 4 read with subsection 4 of Section 8A of the Securities Contracts Regulation Act, 1956. This recognition was for a three-year period, commencing October 3, 2017, and ending October 2, 2020. As of August 1, 2018, the Registrar of Companies, Mumbai, certified the renaming of National Securities Clearing Corporation Limited to NSE Clearing Limited. Therefore, the December 24, 2018 notification substitutes "National Securities Clearing Corporation Limited" with "NSE Clearing Limited" in the original SEBI notification. The notification is issued by Santosh Kumar Mohanty, Whole Time Member, Securities and Exchange Board of India.

Key Entities Referenced

Securities and Exchange Board of India: Regulatory body that issued the notification. Mumbai, Maharashtra: City where the Securities and Exchange Board of India is located and the location mentioned in the notification. National Securities Clearing Corporation Ltd.: Clearing corporation that was renamed. National Clearing Limited: The new name of National Securities Clearing Corporation Ltd. Registrar of Companies, Mumbai: The authority that certified the renaming of the corporation. Securities Contracts Regulation Act, 1956: The law under which National Securities Clearing Corporation Ltd. was granted renewal of recognition. NSE Clearing Limited: The substituted name of National Securities Clearing Corporation Ltd. in the notification. New Delhi, Delhi: Location of the Government of India Press.
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