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.
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 Indian Clearing Corporation Limited (ICCL), located at Floor 25, P J Towers, Dalal Street, Mumbai 400001. The renewal, authorized under Section 4 read with subsection 4 of Section 8A of the Securities Contracts Regulation Act, 1956, is effective from October 3, 2015, to October 2, 2016. This decision follows a review of ICCL's application under Regulation 12 of the Securities Contracts Regulation (Stock Exchanges and Clearing Corporations) Regulations, 2012. SEBI has determined that granting the renewal is in the interest of trade, the securities market, and the public. The recognition is subject to the conditions specified by SEBI, which may be updated periodically. The notification number is SEBI/LADNRO/GN/2015-16/023 and is issued by R.K. Agarwal, Whole Time Member, SEBI.
Key Entities Referenced
Securities and Exchange Board of India: Regulatory body for the securities market in India, also referred to as SEBI.
Mumbai, Maharashtra: City in India where the notification was issued.
Securities Contracts Regulation Stock Exchanges and Clearing Corporations Regulations, 2012: Regulations under which the Indian Clearing Corporation Limited applied for renewal of recognition.
Indian Clearing Corporation Limited: Clearing corporation that was granted renewal of recognition.
Dalal Street, Mumbai, Maharashtra: Location of Indian Clearing Corporation Limited.
Securities Contracts Regulation Act, 1956: Act under which the Securities and Exchange Board of India (SEBI) derives its power to grant recognition to clearing corporations.
R K AGARWAL: WHOLE TIME MEMBER of SEBI who authorized the notification.
New Delhi, Delhi: Location of Government of India Press, Ring Road, Mayapuri.
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[िवBापन III/4/असा./69-जैडबी/2015-16]
4187 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/2015-16/023.— 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 Indian Clearing Corporation Limited, Floor 25, P J Towers,
Dalal Street, Mumbai - 400001 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 3rd day of October, 2015 and ending on the 2nd day 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]
Printed by the Manager, Government of India Press, Ring Road, Mayapuri, New Delhi-110064
and Published by the Controller of Publications, Delhi-110054.