This notification, issued by the Securities and Exchange Board of India (SEBI) on September 20, 2017, concerns the renewal of recognition for the Indian Clearing Corporation Limited (ICCL). SEBI, exercising its powers under Section 4 read with subsection 4 of Section 8A of the Securities Contracts Regulation Act, 1956, grants ICCL a three-year renewal of recognition as a clearing corporation. This renewal is effective from October 3, 2017, and extends to October 2, 2020. The decision follows consideration of ICCL's application under Regulation 12 of the Securities Contracts Regulation (Stock Exchanges and Clearing Corporations) Regulations, 2012. The renewal is subject to ICCL's compliance with conditions specified by SEBI from time to time. ICCL is located at Floor 25, P J Towers, Dalal Street, Mumbai 400001. The notification is issued by Madhabi Puri Buch, Whole Time Member, Securities and Exchange Board of India.
Key Entities Referenced
Securities and Exchange Board of India: Regulatory body for securities market in India, also referred to as SEBI.
Indian Clearing Corporation Limited: Clearing corporation seeking renewal of recognition.
Mumbai, Maharashtra: City in India where the notification is issued and the location of Indian Clearing Corporation Limited.
Securities Contracts Regulation Stock Exchanges and Clearing Corporations Regulations, 2012: Regulations under which the application for renewal of recognition was considered.
Securities Contracts Regulation Act, 1956: Act conferring powers for recognition of clearing corporations.
Madhabi Puri Buch: Whole Time Member of Securities and Exchange Board of India.
October 3, 2017: Commencement date of the three-year recognition period granted to Indian Clearing Corporation Limited.
October 2, 2020: End date of the three-year recognition period granted to Indian Clearing Corporation Limited.
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[िव@ापन-III/4/असा./240/17]
5795 GI/2017 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART III—SEC. 4]
SECURITIES AND EXCHANGE BOARD OF INDIA
NOTIFICATION
Mumbai, the 20th September, 2017
No. SEBI/LAD-NRO/GN/2017-18/018.—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 three years commencing on the 3rd day of October,
2017 and ending on the 2nd day of October, 2020 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.
MADHABI PURI BUCH, Whole Time Member Securities and Exchange Board of India
[ADVT.-III/4/Exty./240/17]
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and Published by the Controller of Publications, Delhi-110054.