This notification, No. SEBI/LADNRO/GN/2018/38, issued by the Securities and Exchange Board of India (SEBI) on September 28, 2018, grants a one-year renewal of recognition to Metropolitan Clearing Corporation of India Limited under Regulation 12 of the Securities Contracts (Regulation) Stock Exchanges and Clearing Corporations Regulations, 2012. SEBI, acting in accordance with Section 4 read with subsection 4 of Section 8A of the Securities Contracts Regulation Act, 1956, determined that the renewal is in the interest of trade, the securities market, and the public. The recognition is effective from October 3, 2018, to October 2, 2019, and is subject to conditions specified by SEBI from time to time. Metropolitan Clearing Corporation of India Limited is located at Vibgyor Towers, 4th Floor, Plot No. C 62, G Block, Opposite Trident Hotel, Bandra Kurla Complex, Bandra East, Mumbai 400098. The notification is issued under the authority of Santosh Kumar Mohanty, Whole Time Member, SEBI.
Key Entities Referenced
Securities and Exchange Board of India: Regulatory body that considered the application for grant of renewal of recognition.
Securities Contracts Regulation Stock Exchanges and Clearing Corporations Regulations, 2012: Regulation under which the application for renewal of recognition was considered.
Metropolitan Clearing Corporation of India Limited: Clearing corporation that applied for renewal of recognition.
Mumbai, Maharashtra: City and state where the Metropolitan Clearing Corporation of India Limited is located.
Securities Contracts Regulation Act, 1956: Act under which the powers are conferred for granting recognition to the clearing corporation.
October 3, 2018: The commencement date of the one-year recognition period.
October 2, 2019: The end date of the one-year recognition period.
Santosh Kumar Mohanty: Whole Time Member of SEBI
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5698 GI/2018 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART III—SEC. 4]
SECURITIES AND EXCHANGE BOARD OF INDIA
NOTIFICATION
Mumbai, the 28th September, 2018
No. SEBI/LAD-NRO/GN/2018/38.— 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, 2012 by Metropolitan Clearing Corporation of India Limited,
Vibgyor Towers, 4th Floor, Plot No. C 62, G Block, Opposite Trident Hotel, Bandra Kurla Complex, Bandra (East),
Mumbai - 400098 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, recognition to the said clearing corporation for one
year commencing on the 3rdday of October, 2018 and ending on the 2ndday of October, 2019 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.
SANTOSH KUMAR MOHANTY, Whole Time Member
[ADVT.-III/4/Exty./241/18]
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.