(1) There shall be paid in respect of every application under rule 3 a fee of rupees five hundred.
(2) The amount of the fee shall be deposited in the nearest Government treasury or the nearest branch of the State Bank of India:
Provided that at Bombay, Calcutta, Madras, Delhi and Kanpur, the amount shall be deposited in the Reserve Bank of India.
(3) The amount of the fee so deposited shall be credited to the receipt head “XLVI— Miscellaneous—Other fees, fines and forfeitures”.
Documents to be filed along with the application and particulars it should contain.
5. Every application shall be accompanied by four copies of the rules (including the memorandum and articles of association where the applicant stock exchange is an incorporated body) and bye-laws of the stock exchange applying for recognition as specified in section 3 of the Act and the receipt granted by the Government treasury, or as the case may be, the State Bank of India or the Reserve Bank of India, in respect of the amount of the fee deposited and shall contain clear particulars as to the matters specified in the Annexure to Form A.
5[Power to make inquiries and call for information.
5A. Before granting recognition to a stock exchange under section 4 of the Act, the 6[Securities and Exchange Board of India] may make such inquiries and require such further information to be furnished, as it deems necessary, relating to the information furnished by the stock exchange in the Annexure to its application in Form A.]
Form of recognition.
6. The recognition granted to a stock exchange shall be in Form B and be subject to the following conditions, namely :—
(a) that the recognition unless granted on a permanent basis, shall be for such period not less than one year as may be specified in the recognition;
4 Substituted for “Central Government” by the Securities Contracts (Regulation) (Amendment) Rules, 1996, w.e.f. 23.12.1996.
5 Inserted by GSR 1096 dated 14.07.1967, w.e.f. 22.07.1967 6 Substituted for “Central Government” by the Securities Contracts (Regulation)(Amendment )Rules, 1996, w.e.f. 23.12.1996.
(b) that the stock exchange shall comply with such conditions as are or may be prescribed or imposed under the provisions of the Act and these rules from time to time.
Renewal of recognition.