SEBI may withdraw recognition if it is in the interest of the trade or in the public interest by serving a written notice on the governing body of the stock exchange in this regard and after giving an opportunity to -the governing body to be heard in the matter.
No person except with the permission of Central Government shall organize or assist in organizing or be a member of any stock exchange (other than a recognized stock exchange) for the purpose of assisting in, entering into or performing any contracts in securities.
No person except with the permission of Central Government shall organize or assist in organizing or be a member of any stock exchange (other than a recognized stock exchange) for the purpose of assisting in, entering into or performing any contracts in securities.
