Date: 2015-10-01Category: 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 (Regulation) (Stock Exchanges and Clearing Corporations) Regulations, 2012.
**Policy Summary:**
This notification, issued by the Securities and Exchange Board of India (SEBI) on October 1, 2015, grants a one-year renewal of recognition to the National Securities Clearing Corporation Ltd (NSCCL) under Regulation 12 of the Securities Contracts Regulation (Stock Exchanges and Clearing Corporations) Regulations, 2012.
The recognition, effective from October 3, 2015, to October 2, 2016, is based on SEBI's assessment that it serves the interests of trade, the securities market, and the public. This decision is made in accordance with the powers conferred by section 4, read with subsection 4 of section 8A, of the Securities Contracts Regulation Act, 1956. The NSCCL, located at Exchange Plaza, Plot C1, Block G, Bandra Kurla Complex, Bandra East, Mumbai 400051, is required to comply with the conditions specified by SEBI from time to time. The notification was issued by R. K. Agarwal, Whole Time Member, SEBI.
Key Entities Referenced
Securities and Exchange Board of India: Regulatory body responsible for securities market regulation in India.
Mumbai, Maharashtra: City in India where the notification was issued.
Securities Contracts Regulation Stock Exchanges and Clearing Corporations Regulations, 2012: Regulations governing stock exchanges and clearing corporations.
National Securities Clearing Corporation Ltd: Clearing corporation seeking renewal of recognition.
Bandra Kurla Complex, Bandra East, Mumbai 400051, Maharashtra: Location of National Securities Clearing Corporation Ltd.
Securities Contracts Regulation Act, 1956: Act governing securities contracts in India.
R. K. AGARWAL: Whole Time Member of SEBI.
New Delhi, Delhi: Location of Government of India Press.
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अअअअििििधधधधससससचचूूचचूू ननननाााा
मु(cid:3)बई, 1 अ(cid:7)त बू र, 2015
सससस..ंं.ंं. ससससबबेेबबेे ीीीी////एएएएललललएएएएडडडडीीीी––––एएएएननननआआआआररररओओओओ////जजजजीीीीएएएएनननन////2222000011115555––––11116666////000022222222.—भारतीय (cid:11)ितभूित और िविनमय बोड,(cid:16) नेशनल
िस(cid:7)यू(cid:19)रटीज़ (cid:7)लीय(cid:25)रग कारपोरेशन िल., ए(cid:7)सच(cid:29)ज (cid:31)लाज़ा, (cid:31)लॉट सी-1, "लॉक "जी", बां%ा कुला (cid:16) कॉ(cid:3)(cid:31)ले(cid:7)स, बा%ं ा
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2012 के िविनयम 12 के अधीन मा+यता का नवीकरण (cid:11)दान करन े के आवेदन पर िवचार करते .ए और यह
समाधान हो जान े पर /क यह 0ापार के िहत म (cid:29) होगा, (cid:11)ितभूित बाजार के िहत म(cid:29) होगा और ऐसा करना लोक िहत
म (cid:29) भी होगा, एत1ारा, (cid:11)ितभूित संिवदा (िविनयमन) अिधिनयम, 1956 क2 धारा 8क क2 उप-धारा (4) के साथ
प(cid:19)ठत धारा 4 )ारा (cid:11)द4 शि6य7 का (cid:11)योग करत े .ए, उ6 समाशोधन िनगम को मा+यता 3 अ6ूबर, 2015 को
(cid:11)ारंभ होने वाल े और 2 अ6ूबर, 2016 को समा9 होने वाल े एक वष (cid:16) के िलए, इसम(cid:29) नीच े किथत शत< अथवा जो
इसके प=ात ् िविहत या अिधरोिपत क2 जाए ँके अ?यधीन, (cid:11)दान करता ह:ै
• समाशोधन िनगम भारतीय (cid:11)ितभूित और िविनमय बोड (cid:16) )ारा समय-समय पर िविनAदB शत< का अनुपालन
करेगा ।
राजीव कुमार अCवाल, पूण(cid:16)कािलक सद*य
[िवEापन––––III/4/असा./69 जैडबी/2015––––11116666]
4186 GI/2015 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART III—SEC. 4]
SECURITIES AND EXCHANGE BOARD OF INDIA
NOTIFICATION
Mumbai, the 1st October, 2015
No. SEBI/LAD-NRO/GN/2015-16/022.—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 byNational Securities Clearing
Corporation Ltd, Exchange Plaza,Plot C-1, Block G, Bandra Kurla Complex, Bandra (East), Mumbai -
400051and 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, 2015 and ending on the 2ndday of
October, 2016 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.
R. K. AGARWAL, Whole Time Member
[ADVT.-III/4/Exty./69 ZB/2015-16]
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and Published by the Controller of Publications, Delhi-110054.