Date: 2018-12-20Category: Extra OrdinaryState: Union GovernmentCountry: India
The Securities and Exchange Board of India, having considered the application for grant of renewal of recognition under Regulation 12 of the Securities Contracts
This notification from the Securities and Exchange Board of India (SEBI) announces the renewal of recognition for India International Clearing Corporation IFSC Ltd. under Regulation 12 of the Securities Contracts Regulation (Stock Exchanges and Clearing Corporations) Regulations, 2018. Located at 102, 1st Floor, Unit No. 101, The Signature, Building No. 13B, Road 1C, Zone 1, GIFT SEZ, GIFT City, Gandhinagar 382355, Gujarat, the clearing corporation's recognition is renewed for one year, commencing December 29, 2018, and ending December 28, 2019. This decision, made in the interest of trade, the securities market, and the public, is based on powers conferred by section 4 read with subsection 4 of section 8A of the Securities Contracts Regulation Act, 1956. The renewal is subject to existing and future conditions specified by SEBI. The notification number is SEBILADNROGN2018/52, and it was issued in Mumbai on December 19, 2018. Santosh Kumar Mohanty, Whole Time Member, signed the notification.
Key Entities Referenced
Securities and Exchange Board of India: Regulatory body for securities markets in India, also known as SEBI.
Mumbai, Maharashtra: City in India, where the SEBI notification was issued.
Securities Contracts Regulation Stock Exchanges and Clearing Corporations Regulations, 2018: Regulations under which the application for renewal of recognition was considered.
India International Clearing Corporation IFSC Ltd: Clearing corporation applying for renewal of recognition.
Gandhinagar, Gujarat: City and State where India International Clearing Corporation IFSC Ltd is located.
GIFT City, Gandhinagar, Gujarat: Location of India International Clearing Corporation IFSC Ltd, a special economic zone.
Securities Contracts Regulation Act, 1956: Act under which powers are conferred to grant recognition to the clearing corporation.
Santosh Kumar Mohanty: Whole Time Member of SEBI.
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[ -III/4/Exty./442/18]
7458 GI/2018 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART III—SEC. 4]
SECURITIES AND EXCHANGE BOARD OF INDIA
NOTIFICATION
Mumbai, the 19th December, 2018
No. SEBI/LAD-NRO/GN/2018/52.—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, 2018 by India International Clearing Corporation (IFSC) Ltd, 102,
1st Floor, Unit No. 101, The Signature, Building No. 13B, Road 1C, Zone 1, GIFT SEZ, GIFT City, Gandhinagar –
382355, Gujarat 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 29th day of December, 2018 and ending on the 28th day of December, 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./442/18]
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and Published by the Controller of Publications, Delhi-110054.