In a notification on Thursday, the regulator said it has accepted the request, made in February 2023, with effect from December 26, permitting it exchange to stop functioning as a stock exchange. The Sebi had passed the order on December 10, 2024, it said in a statement.
The Sebi has also asked ICEX to change its name and not retain 'exchange' or any variant in the name if it plans to continue as a corporate entity. In May 2023, its shareholders had approved a voluntary surrender of its recognition.
This story is from the January 03, 2025 edition of The New Indian Express Kalaburagi.
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This story is from the January 03, 2025 edition of The New Indian Express Kalaburagi.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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