Exit Policy for De-recognized/ Non-operational Stock Exchanges

I. Introduction Securities and Exchange Board of India (‘SEBI’) vide its circular no. CIR/MRD/DSA/14/2012 dated 30th May, 2012 has issued revised guidelines in respect of exit option for de-recognized/non-operational stock exchanges. II. Applicability The said circular applies to: Recognized stock exchanges Stock exchanges that stand de-recognised as on date of the  above circular i.e, 30th …

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