RENEWAL OF RECOGNITION TO LUDHIANA STOCK EXCHANGE
Section 4 of the Securities Contracts (Regulation) Act, 1956 – Recognized Stock Exchanges – Grant of recognition to stock exchanges – Renewal of recognition to Ludhiana Stock Exchange Ltd.
NOTIFICATION NO. LAD-NRO/GN/2011-12/02/12648, DATED 19-4-2011
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 Ludhiana Stock Exchange Limited having its registered office at Feroze Gandhi Market, Ludhiana-141001 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 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 28th day of April, 2011 and ending on 27th day of April, 2012 in respect of contracts in securities subject to the conditions stated herein below or as prescribed or imposed here after:
l The Exchange can commence trading only after complying with all the regulatory requirements imposed by Securities and Exchange Board of India.
l The Exchange shall comply with such conditions as may be stipulated by Securities and Exchange Board of India from time to time.