Section 4 of the Securities Contracts (Regulation) Act, 1956 – Grant of recognition to Stock Exchanges – Renewal of recognition to Bhubaneswar Stock Exchange Limited, Bhubaneswar
Notification No. LAD-NRO/GN/2010–11/10/6771, dated 31-5-2010
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 Bhubaneswar Stock Exchange Limited having its registered office at Stock Exchange Bhavan, P-2, Jayadev Vihar, P.O. Chandrasekharpur, Bhubaneswar – 751 023 and being satisfied that it would be in the interest of the trade and also in the public interest so to do, hereby grants, in exercise of the powers conferred by 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 5th day of June, 2010 and ending on the 4th day of June, 2011 in respect of contracts in securities subject to the conditions stated herein below or as may be prescribed or imposed hereafter:
“The Exchange shall commence trading only after complying with all the regulatory requirements imposed by Securities and Exchange Board of Indian and after complying with Securities and Exchange Board of India’s Circular No. MRD/DSA/SE/Cir-12/09, dated October 7, 2009.”
