TMI BlogApplication for recognition/renewal of recognition of a stock exchange under section 3 of the Securities Contracts (Regulation) Act, 1956X X X X Extracts X X X X X X X X Extracts X X X X ..... and Exchange Board of India] Notification No. ............. dated ............../Certificate of recognition dated ............... We/I on behalf of .............................................. being a stock exchange as defined (name and address of stock exchange) in section 2 of the Securities Contracts (Regulation) Act, 1956 hereby apply for recognition/renewal of recognition for the purposes of the said Act in respect of contracts in securities. 2. Four copies of the rules, memorandum and articles of association relating in general to the constitution and management of the stock exchange and four copies of the bye-laws for the regulation and control of contracts in securities are enclosed. 3. All the necessary information required i ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ng new members? If so, give details. 9. State the different classes of members, if any, the number thereof and the privileges enjoyed by each class. What is the procedure followed by your exchange for the admission of different classes of new members? 10. What are the rates of your annual subscription in respect of the different classes of members? 11. Do you collect any security deposit from your members? If so, give details and also state the manner in which such deposits are utilised and the rate of interest allowed, if any. 12. Do you collect any admission or entrance fees from your members or from partners of firms who are members? If so, how much? 13. Do you insist on your members and partners of firms who are members divest ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ns. 22. Do you have any provision for the appointment of standing or ad hoc sub-committees of the governing body? If so, furnish details of the method of their appointment, terms of office, powers and functions. 23. Give the designations, powers and duties of principal office-bearers of your exchange. Are any of these office-bearers in the pay of the stock exchange? If so, give details as to the mode of their appointment, tenure of office and remuneration. PART IV Trading 24. Do you have a trading ring? If not, how do you carry on the business? Give details. 25. State the different kinds of contracts in use on your exchange e.g. spot, ready and forward. State the period of delivery and payment in each case. 26. Give detail ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... lter or postpone the dates of settlement? 37. How do you determine and declare making-up prices? 38. Do you have any arrangements for making or recording of bargains? 39. Have you any arrangements for recording and publishing market rates including opening, closing, highest and lowest rates? 40. What provisions have you made for regulating (a) the entering into contracts, their performance and rescission, including contracts: (i) between members, (ii) between a member and his constituent and (iii) between a member and a non-member; (b) the consequences of breach, default or insolvency on the part of members whether acting as buyers, sellers or intermediaries; and (c) 'havalas' and other matters relating to conduct of business of mem ..... X X X X Extracts X X X X X X X X Extracts X X X X
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