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 ..... rtificate of recognition dated...............................We/I on behalf of.................. (name and address of stock exchange) being a stock exchange as defined 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 contracts in securities are enclosed. 3. All the necessary information required in the Annexure to this Form is enclosed. Any additional information will be furnished as and wh ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... her in pursuance thereof you have fixed a ceiling on the number of members that you would take. 8. Do you insist on any minimum qualifications and experience before enrolling 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 admissi ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... les provide for the direct election by members of any other bodies or committees, apart from the governing body? If so, give details of their constitution, tenure, powers and functions. 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? ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ing house? Does the exchange ask for any regular returns in respect of transactions settled outside the clearing house? Submit three copies of forms used in this connection. 36. How do you fix, alter 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; ..... X X X X Extracts X X X X X X X X Extracts X X X X
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