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Date: 13-Sep-2024 Category: Extra Ordinary State: Union Government Country: India

The Securities and Exchange Board of India, having considered the application for renewal of recognition made under Section 3 of the Securities Contracts

Issued by Securities and Exchange Board of India · Not Applicable

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Executive Summary & Key Takeaways

Gazette Notification Description

  • This gazette notification announces the renewal of recognition granted to the Metropolitan Stock Exchange of India Limited (MSEI) by the Securities and Exchange Board of India (SEBI).
  • The renewal is for a period of one year, commencing September 16, 2024, and ending September 15, 2025.

Key Changes

  • MSEI's recognition under Section 4 of the Securities Contracts (Regulation) Act, 1956, has been renewed for one year.
  • The renewal is contingent upon MSEI's continued compliance with conditions prescribed by SEBI.
  • The renewal period is from September 16, 2024, to September 15, 2025.

Impact Analysis

Impact on Metropolitan Stock Exchange of India Limited (MSEI)

  • Failure to comply could lead to revocation of recognition and potential legal consequences.

Impact on Investors

  • Regulatory oversight by SEBI ensures investor protection.

Impact on SEBI

  • SEBI can impose further conditions or take action if MSEI fails to comply with regulations.

Suggested Action Items

  • Both MSEI and SEBI should proactively communicate the renewal and its implications to stakeholders.

Key Entities Referenced

Metropolitan Stock Exchange of India Limited (MSEI): A stock exchange in India that has received a one-year renewal of recognition from SEBI. Securities and Exchange Board of India (SEBI): The regulatory body that granted the renewal of recognition to MSEI and sets the conditions for its operation. Securities Contracts (Regulation) Act, 1956: The Act under which SEBI's recognition of MSEI is granted and renewed.
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रजिस्ट्री स.ं डी.एल.- 33004/99 REGD. No. D. L.-33004/99 सी.जी.-एम.एच.-अ.-13092024-257157 xxxGIDHxxx CG-MH-E-13092024-257157 xxxGIDExxx असाधारण EXTRAORDINARY भाग III—खण् ड 4 PART III—Section 4 प्राजधकार स ेप्रकाजित PUBLISHED BY AUTHORITY स.ं 718] िई कदल्ली, िुक्रिार, जसतम्ब र 13, 2024/भाद्र 22, 1946 No. 718] NEW DELHI, FRIDAY, SEPTEMBER 13, 2024/BHADRA 22, 1946 भारतीय प्रजतभजू त और जिजिमय बोडड अजधसचू िा मुम्बई, 13 जसतम्बर, 2024 स.ं सबे ी/एलएडी-एिआरओ/िीएि/2024/204.—भारतीय प्रजतभूजत और जिजिमय बोडड, मेट्रोपोलिटन स्ट्टॉक एक्सचेंि ऑफ इंलिया जलजमटेड, जिसका अपिा रजिस्ट्रीकृत कायाडलय लिल्िगं ए, यूलनट 205ए, दसू री मंल़िि, पीरामि अगस्त्य कारपोरेट पाकक, कमानी जंक्शन, एि.िी.एस. माग,ड कुिाक (पलिम), मुंबई – 400070 म ें जस्ट्ित ह,ै द्वारा प्रजतभूजत संजिदा (जिजियमि) अजधजियम, 1956 की धारा 3 के तहत मान्यता के ििीकरण के जलए ककए गए आिेदि पर जिचार करत े हुए और इस बात स े संतष्टु हो िाि े पर कक यह व्यापार के जहत म ें होगा और ऐसा करिा लोक जहत म ें भी होगा, एतद्द्वारा, प्रजतभूजत संजिदा (जिजियमि) अजधजियम, 1956 की धारा 4 के तहत प्रदान की गई िजियों का प्रयोग करत े हुए, उपरोक्त एक्सचेंि को मान्यता का ििीकरण उपरोक्त अजधजियम की धारा 4 के तहत 16 जसतम्बर 2024 को प्रारंभ होि े िाली और 15 जसतम्बर 2025 को समाप्त होिे िाली एक िर् ड की अवलि के जलए, प्रजतभूजतयों (लसक्यूररटी़ि) म ें संजिदाओं (कॉण्ट्ट्रैक्टस्) की बाबत, यहााँ िीचे दी हुई ितों अििा िो इसके पश्चात ्लनिाकररत आदद की जाएाँ के तहत, प्रदाि करता ह ै: • एक्सचेंि भारतीय प्रजतभूजत और जिजिमय बोड ड (सेिी) द्वारा समय-समय पर लनिाकररत की िािे िाली ितों का पालि करेगा । अिंत िारायण गो. पूणडकाजलक सदस्ट्य [जिज्ञापि-III/4/असा./492/2024-25] 5907 GI/2024 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART III—SEC.4] SECURITIES AND EXCHANGE BOARD OF INDIA NOTIFICATION Mumbai, the 13th September, 2024 No. SEBI/LAD-NRO/GN/2024/204.—The Securities and Exchange Board of India, having considered the application for renewal of recognition made under Section 3 of the Securities Contracts (Regulation) Act, 1956 by Metropolitan Stock Exchange of India Limited, having its registered office at Building A, Unit 205A, 2nd Floor, Piramal Agastya Corporate Park, Kamani Junction, L.B.S. Road, Kurla (West), Mumbai-400070 and being satisfied that it would be in the interest of trade and also in the public interest so to do, hereby grants, in exercise of the powers conferred under section 4 of the Securities Contracts (Regulation) Act, 1956, renewal of recognition to the said Exchange under section 4 of the said Act for a period of one year commencing on the 16th day of September, 2024 and ending on the 15th day of September, 2025 in respect of contracts in securities subject to the conditions stated herein below or as may be prescribed or imposed hereafter: • The Exchange shall comply with conditions as may be prescribed by SEBI from time to time ANANTH NARAYAN G, Whole Time Member [ADVT.-III/4/Exty./492/2024-25] 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.

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