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Sunday, 29 September 2013

Suspension of business on a stock exchange in india

SEBI may direct a recognized stock exchange to suspend such of its business for such period not exceeding seven days and subject to such conditions as may be specified in the notification. If SEBI is of the opinion that the interest of the trade or the public interest requires that the period should be extended, it may, by like notification, extend the said period from time to time.