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Date: 14-Sep-2023 Category: Extra Ordinary State: Union Government Country: India

Securities and Exchange Board of India, having considered the application for renewal of recognition made under Section 3 of the Securities Contracts

Issued by Securities and Exchange Board of India · Not Applicable

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Executive Summary & Key Takeaways

What it means

  • The Securities and Exchange Board of India (SEBI) has renewed the recognition of the Metropolitan Stock Exchange of India Limited (MSEI) for a period of one year.
  • This renewal allows MSEI to continue operating as a recognized stock exchange in India, facilitating trading in securities contracts.

Key Changes

  • SEBI has granted renewal of recognition to the Metropolitan Stock Exchange of India Limited (MSEI) under Section 4 of the Securities Contracts (Regulation) Act, 1956.
  • The renewal is effective for one year, commencing on September 16, 2023, and ending on September 15, 2024.
  • The renewal is subject to the condition that the Exchange shall comply with conditions as may be prescribed by SEBI from time to time.

Impact Analysis

Metropolitan Stock Exchange of India Limited (MSEI)

  • Action Item: MSEI should review and implement necessary measures to comply with SEBI's regulations.

Investors and Traders

  • Action Item: Investors should stay informed about MSEI's compliance with SEBI regulations.

Securities Market

  • Action Item: SEBI to continue monitoring MSEI's operations to ensure compliance and market integrity.

Key Entities Referenced

Securities and Exchange Board of India (SEBI): The regulatory authority responsible for overseeing and regulating the Indian securities market. Metropolitan Stock Exchange of India Limited (MSEI): A recognized stock exchange in India. Securities Contracts (Regulation) Act, 1956: The legislation governing the regulation of securities contracts in India.
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रजिस्ट्री स.ं डी.एल.- 33004/99 REGD. No. D. L.-33004/99 सी.जी.-एम.एच.-अ.-14092023-248740 xxxGIDHxxx CG-MH-E-14092023-248740 xxxGIDExxx असाधारण EXTRAORDINARY भाग III—खण् ड 4 PART III—Section 4 प्राजधकार स ेप्रकाजित PUBLISHED BY AUTHORITY स.ं 638] नई कदल्ली, बृहस्ट्प जतिार, जसतम्ब र 14, 2023/भाद्र 23, 1945 No. 638] NEW DELHI, THURSDAY, SEPTEMBER 14, 2023/BHADRA 23, 1945 भारतीय प्रजतभजू त और जिजनमय बोडड अजधसचू ना मुम्बई,13 , 2023 स. SEBI/LAD-NRO/GN/2023/150.—भारतीय प्रजतभूजत और जिजनमय बोडड, स्ट्टॉक एक्सचेंि ऑफ जलजमटेड, जिसका अपना रजिस्ट्रीकृत कायाडलय ए, 205ए, , , , ए . .ए . मागड, ( ), मुंबई – 400070 म ें जस्ट्थत ह,ै द्वारा प्रजतभूजत संजिदा (जिजनयमन) अजधजनयम, 1956 की धारा 3 के ह मान्यता के निीकरण के जलए ककए गए आिेदन पर जिचार करते हुए और इस बात से संतुष्ट हो िाने पर कक यह व्यापार के जहत म ें होगा और ऐसा करना लोक जहत म ें भी होगा, एतद्द्वारा, प्रजतभूजत संजिदा (जिजनयमन) अजधजनयम, 1956 की धारा 4 के ह ई िजियों का प्रयोग करत े हुए, एक्सचेंि को मान्यता का निीकरण अजधजनयम की धारा 4 के ह 16 जसतम्बर 2023 को प्रारंभ होने िाली और 15 जसतम्बर 2024 को समाप्त होने िाली एक िर्ड की के जलए, प्रजतभूजतयों ( ) म ेंसंजिदाओं ( ) की बाबत, ह नीच े ई ितों अथिा िो इसके पश्चात ् की ए के तहत, प्रदान करता ह ै:  एक्सचेंि भारतीय प्रजतभूजत और जिजनमय बोडड ( ) द्वारा समय-समय पर की िान े िाली ितों का पालन करेगा । अमरिीत ससह, पूणडकाजलक सदस्ट्य [जिज्ञापन III/4/असा./419/2023-24] 5875 GI/2023 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART III—SEC.4] 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] 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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