The application for renewal of recognition made under Section 3 of the Securities Contracts (Regulation) Act,…

The application for renewal of recognition made under Section 3 of the Securities Contracts (Regulation) Act, 1956 by Ludhiana Stock Exchange Association Limited, Ludhiana (hereinafter referred to as the Exchange) and being satisfied that it would be in the interest of the trade and also in the public interest so to do, hereby grants,

Published 26 April 2002

Ministry: Securities and Exchange Board of India
Department: CSL
Office: CSL
Gazetteid: NOT available ( 152878 )

Identifier: in.gazette.central.e.2002-04-26.152878
Languages: English, Hindi
Published at: Original source ↗

Gazette as published (PDF) Archive item ↗

REGD. NO. D. L.-33004/99

The Gazette of India

EXTRAORDlNARY

PART II—Section 3—Sub-section (ii)

PUBLISHED BY AUTHORITY

No. 391] NEW DELHI, FRIDAY, APRIL 26, 2002/VAISAKHA 6,1924

SECURITIES AND EXCHANGE BOARD OFINDIA

NOTIFICATION

Mumbai, the 26th day of April, 2002

S.O.463(E):— 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 Association Limited, Ludhiana (hereinafter referred to as "the Exchange") and being satisfied that it would be in the interest of the trade and also 1355 GI/2002 (1) ² _ _ „ _ —_ THEGAZfa'l'l'b OF INDIA: EXTRAORDINARY [PART II—SEC. 3(H)]

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 of the Exchange under Section 4 of the said Act for a further period of one year commencing 28th day of April 2002 and ending on the 27th day of April 2003 in respect of contracts in securities subject to the conditions specified hereundcr :—

1. The exchange shall obtain and submit to SEBI within one month, the report of the internal auditors certifying that the computation of gross exposure and various other margins are being computed as prescribed by SEBI and all the irregularities pointed out in the inspection report of January, 2001 by SEBI have been rectified.

2. The exchange shall obtain written confirmation from the software vendor appointed by Exchange i.e. M/s CMC Ltd, that all the deficiencies in the software programme have been rectified.

LF.No.SEBI/LE/6999/021

G.N. BAJPAI, ChairmanPrinted by the Manager, Govt of India Press, Ring Rond, Mayapuri, New De)hi~l 10064 And Published by the Controller of Publication!!, Delhi-110054.