General Knowledge · Corporate Laws
Under Section 4 of the Securities Contracts (Regulation) Act, 1956, the Central Government grants recognition to a stock exchange:
- 1Only if the exchange pays a prescribed recognition fee
- 2After conducting an inquiry and ensuring fair dealing and investor protection✓
- 3Only after SEBI's prior approval
- 4Automatically upon filing of the application
Correct answer
After conducting an inquiry and ensuring fair dealing and investor protection
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