Home India Securities and Exchange Board of India The Securities and Exchange Board of India, having considere...
Date: 2017-01-04 Category: Extra Ordinary State: Union Government Country: India

The Securities and Exchange Board of India, having considered the application for grant of recognition under

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 January 3, 2017, grants recognition to India International Clearing Corporation IFSC Ltd. The recognition is given under Regulation 4 of the Securities Contracts (Regulation) Stock Exchanges and Clearing Corporations Regulations, 2012, and authorized by section 4 read with subsection 4 of section 8A of the Securities Contracts Regulation Act, 1956. This recognition is for a period of one year, commencing on December 29, 2016, and ending on December 28, 2017. The clearing corporation's address is Unit No. 22, Zonal Facility Centre Annexe, Block No. 12, Road No. 1D, Zone1, GIFT SEZ, GIFT City, Gandhinagar-382 355, Gujarat. The recognition is subject to the condition that the Clearing Corporation shall comply with conditions specified by SEBI from time to time. The notification was issued by U. K. Sinha, Chairman, SEBI.

Key Entities Referenced

Mumbai, Maharashtra: City in India, mentioned as the location of the notification. Securities Contracts Regulation Act, 1956: Indian legislation governing securities contracts. Securities and Exchange Board of India: Regulatory body overseeing the securities market in India, also known as SEBI. India International Clearing Corporation IFSC Ltd: Clearing corporation applying for recognition under the regulations. Securities Contracts Regulation Stock Exchanges and Clearing Corporations Regulations, 2012: Regulations under which the India International Clearing Corporation IFSC Ltd is seeking recognition. GIFT City, Gandhinagar, Gujarat: Location of the India International Clearing Corporation IFSC Ltd. U. K. Sinha: Chairman of SEBI at the time of notification.
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