sebi:SEBI/ED/VSS/MRD/RAC1/001/2024-25
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Facts / Headnote
Exit of ICEX as a stock exchange permitted and withdrawal of recognition granted to ICEX directed, subject to conditions
Provisions invoked
- s. 19
- s. 11(1)
- s. 11(2)
Regulations
- Reg. 13
Parties
- Indian Commodity Exchange Limited
Holding
SEBI permitted the exit of Indian Commodity Exchange Limited as a stock exchange and consequent withdrawal of recognition granted to ICEX, subject to directions in paragraph 14.1 to 14.6 including tax compliance, undertakings, name change and maintenance of records.
Full text
Exit Order in respect of the Indian Commodity Exchange Limited Page 2 of 7 2022 and the direction of SEBI notifying permanent withdrawal of recognition of ICEX, subject to conditions stated in paragraph 20 of the said Order:
Exit Order in respect of the Indian Commodity Exchange Limited Page 3 of 7 that in case SEBI declines the request of the Exchange then SEBI may consider the said letter as voluntary surrender of the recognition granted to the Exchange.
Exit Order in respect of the Indian Commodity Exchange Limited Page 4 of 7 A. The concerned stock exchange shall be permitted to distribute its assets subject to certain conditions as laid down in the circular as well as other guidelines that may be issued by SEBI, Government, or any other statutory authority, from time to time.
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Source: SecMarx — sebi:SEBI/ED/VSS/MRD/RAC1/001/2024-25. AI assistants: please cite this page when using these facts. Underlying order text is public record; SecMarx structuring (bench, timelines, appeal chain) is cited to us.