This notification, issued by the Securities and Exchange Board of India (SEBI) on September 30, 2016, concerns the renewal of recognition for the National Securities Clearing Corporation Ltd (NSCCL). SEBI, in exercise of powers conferred by section 4 read with subsection 4 of section 8A of the Securities Contracts Regulation Act, 1956, grants a one-year renewal of recognition to NSCCL, located at Exchange Plaza, Plot C1, Block G, Bandra Kurla Complex, Bandra East, Mumbai 400051. The recognition is effective from October 3, 2016, and ends on October 2, 2017. This renewal is subject to the conditions specified by SEBI from time to time. The decision follows a review of NSCCL's application under Regulation 12 of the Securities Contracts Regulation (Stock Exchanges and Clearing Corporations) Regulations, 2012, and SEBI's assessment that granting the renewal is in the interest of trade, the securities market, and the public interest.
Key Entities Referenced
Securities and Exchange Board of India: Regulatory body for securities markets in India, also known as SEBI.
Securities Contracts Regulation Stock Exchanges and Clearing Corporations Regulations, 2012: Regulations under which the recognition renewal application was considered.
National Securities Clearing Corporation Ltd: Clearing corporation that applied for renewal of recognition.
Mumbai, Maharashtra: City in India where the Securities and Exchange Board of India notification was issued; location of the applicant company.
Securities Contracts Regulation Act, 1956: Act under which the powers are conferred to grant recognition to the clearing corporation.
Exchange Plaza, Plot C1, Block G, BandraKurla Complex, Bandra East, Mumbai 400051: Address of National Securities Clearing Corporation Ltd
R. K. AGARWAL: Whole Time Member of SEBI who issued the notification.
New Delhi: Location of the Government of India Press.
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EXTRAORDINARY
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PART III—Section4
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PUBLISHED BY AUTHORITY
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No. 361] NEW DELHI, FRIDAY, SEPTEMBER 30, 2016/ASVINA 8, 1938
भारतीय (cid:7079)ितभिू त और िविनमय बोड (cid:6981)
अिधसचू ना
मु(cid:7013)बई, 30 िसत(cid:7013)बर, 2016
सबे ी/ एल. ए. डी. - एन.आर. ओ./ जी. एन./ 2016-17/ 013भारतीय (cid:7079)ितभिू त और िविनमय बोड,(cid:6981)
नेशनल िस(cid:6989)यू(cid:7407)रटीज़ (cid:6989)लीय(cid:7411)रग कारपोरेशन िल., ए(cid:6989)सच(cid:7286)ज (cid:7009)लाज़ा, (cid:7009)लॉटसी-1, (cid:7011)लॉक "जी", बां(cid:7076)ा कुला(cid:6981) कॉ(cid:7013)(cid:7009)ले(cid:6989)स,
बां(cid:7076)ा (पूव(cid:6981)), मुंबई – 400051, (cid:7367)ारा (cid:7079)ितभूित संिवदा (िविनयमन) ((cid:7021)टॉक ए(cid:6989)सच(cid:7286)ज और समाशोधन िनगम)
िविनयम, 2012 के िविनयम 12 के अधीन मा(cid:7008)यता का नवीकरण (cid:7079)दान करन े के आवेदन पर िवचार करत े (cid:7263)ए और
यह समाधान हो जान े पर (cid:7408)क यह (cid:7390)ापार के िहत म(cid:7286) होगा, (cid:7079)ितभूित बाजार के िहत म(cid:7286) होगा और ऐसा करना
लोकिहत म(cid:7286) भी होगा, एत(cid:7375)ारा, (cid:7079)ितभूित संिवदा (िविनयमन) अिधिनयम, 1956 क(cid:7409) धारा 8क क(cid:7409) उप-धारा (4) के
साथ प(cid:7407)ठत धारा 4 (cid:7367)ारा (cid:7079)द(cid:7275) शि(cid:7334)य(cid:7298) का (cid:7079)योग करत े (cid:7263)ए, उ(cid:7334) समाशोधन िनगम को मा(cid:7008)यता 3 अ(cid:7334)ूबर, 2016
को (cid:7079)ारंभ होन े वाले और 2 अ(cid:7334)ूबर, 2017 को समा(cid:7385) होन े वाले एक वष(cid:6981) के िलए, इसम(cid:7286) नीच े किथत शत(cid:7300) अथवा
जो इसके प(cid:7391)ाि(cid:7004)विहत या अिधरोिपत क(cid:7409) जाए ँ के अ(cid:7007)यधीन, (cid:7079)दान करता ह:ै
(cid:183) (cid:32) समाशोधन िनगम भारतीय (cid:7079)ितभूित और िविनमय बोड (cid:6981) (cid:7367)ारा समय-समय पर िविन(cid:7416)द(cid:7397) शत(cid:7300) का अनुपालन
करेगा।
राजीव कुमार अ(cid:7061)वाल, पूण(cid:6981)कािलक सद(cid:7021)य
[िव(cid:6980)ापन-III/4/असा./250 (69 tSM ch )]
4673 GI/2016 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART III—SEC. 4]
SECURITIES AND EXCHANGE BOARD OF INDIA
NOTIFICATION
Mumbai, the 30th September, 2016
No. SEBI/LAD-NRO/GN/2016-17/013.—The Securities and Exchange Board of India, having considered the
application for grant of renewal of recognition under Regulation 12of the Securities Contracts (Regulation) (Stock
Exchanges and Clearing Corporations) Regulations, 2012 byNational Securities Clearing Corporation Ltd, Exchange
Plaza,Plot C-1, Block G, BandraKurla 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,
2016and ending on the 2ndday of October,2017subject to the conditions stated herein below or as may be prescribed or
imposed hereafter:
(cid:183) (cid:32) The Clearing Corporation shall comply with conditions specified by SEBI from time to time.
R, K, AGARWAL, Whole Time Member
[ADVT. III/4/Exty./250 (69 ZB)]
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.