Financial Daily from THE HINDU group of publications
Saturday, Aug 24, 2002
Financial Daily from THE HINDU group of publications Saturday, Aug 24, 2002 |
|
|
|
|
|
Markets
-
Stock Exchanges OTCEI recognition extended by a year K.R. Srivats
NEW DELHI, Aug. 23 The OTC Exchange of India (OTCEI) has been granted recognition as a stock exchange by the Securities and Exchange Board of India (SEBI) for one more year. According to a SEBI official, the recognition, which has been granted up to August 2003, is in respect of the contracts in securities traded at that exchange. The recognition has been granted under the Securities Contracts (Regulation) Act. The SEBI official also said that the nod came with a caveat that OTCEI would have to comply with certain conditions that would soon be specified. The move of SEBI to grant recognition to OTCEI for one more year is seen by market observers as a validation of the recent position taken by the SEBI Chairman, Mr G.N. Bajpai, that he would not favour the closure of any stock exchanges in the country.
Send this article to Friends by E-Mail
|
Stories in this Section |
|
The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription Group Sites: The Hindu | Business Line | The Sportstar | Frontline | Home |
Copyright © 2002, The
Hindu Business Line. Republication or redissemination of the contents of
this screen are expressly prohibited without the written consent of
The Hindu Business Line
|