**Policy Summary**
This notification, issued by the Securities and Exchange Board of India (SEBI) on September 13, 2019, concerns the renewal of recognition for the Metropolitan Stock Exchange of India Limited (MSEI). Exercising powers conferred under Section 4 of the Securities Contracts Regulation Act, 1956, SEBI grants a one-year renewal of recognition to MSEI, commencing on September 16, 2019, and ending on September 15, 2020. This renewal applies to contracts in securities and is subject to the conditions outlined within the Act and any further conditions prescribed or imposed by SEBI. The decision was made after considering MSEI's application under Section 3 of the Securities Contracts Regulation Act, 1956, and SEBI determined that granting the renewal is in the interest of both trade and the public. MSEI's registered office is located at 4th Floor, Vibgyor Tower, Plot No C 62, G Block, Bandra Kurla Complex BKC, Bandra E, Mumbai 400 098. The Exchange is required to comply with any conditions prescribed by SEBI from time to time. Santosh Kumar Mohanty, Whole Time Member, is the signatory for SEBI.
Key Entities Referenced
Securities and Exchange Board of India: A regulatory body in India that regulates the securities market.
Securities Contracts Regulation Act, 1956: An act of the Indian Parliament that provides a framework for the regulation of securities contracts.
Metropolitan Stock Exchange of India Limited: A stock exchange in India.
Mumbai, Maharashtra: The city in India where the notification was issued and where the Metropolitan Stock Exchange of India Limited has its registered office.
Bandra Kurla Complex BKC, Bandra E, Mumbai 400 098: Location of the registered office of Metropolitan Stock Exchange of India Limited.
September 16, 2019: The date from which the renewal of recognition to the Metropolitan Stock Exchange of India Limited commences.
September 15, 2020: The date on which the renewal of recognition to the Metropolitan Stock Exchange of India Limited ends.
Santosh Kumar Mohanty: Whole Time Member of Securities and Exchange Board of India.
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संतोष कुमार मोहा,ती, पूण(cid:15)कािलक सद(cid:22)य
[िवEापन – III/4/असा..../206/19]
SECURITIES AND EXCHANGE BOARD OF INDIA
NOTIFICATION
Mumbai, the 13th September, 2019
No. SEBI/LAD-NRO/GN/2019/31.—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 4th Floor, Vibgyor Tower, Plot No C 62, G
Block, Bandra Kurla Complex (BKC), Bandra (E), Mumbai – 400 098 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
4730 GI/2019 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART III—SEC. 4]
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, 2019 and ending on the 15th day of September, 2020
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
SANTOSH KUMAR MOHANTY, Whole Time Member
[ADVT.-III/4/Exty./206/19]
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