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CS Executive · Capital Market and Securities Laws · Secondary Market in India

Kaveri Stock Exchange has applied for recognition. Its application is accompanied by a copy of its bye-laws. Which additional document must, under the SCRA, accompany the application?

The application must also be accompanied by a copy of the rules relating in general to the constitution of the stock exchange. Section 3(2) requires these rules along with the bye-laws, covering matters such as the governing body, office bearers and membership admission.

  1. AA copy of the rules relating in general to the constitution of the stock exchangeCorrect
  2. BA list of all listed companies with their balance sheets
  3. CAudited accounts of every investor trading on it
  4. DA certificate of net worth from each member's banker

Explanation

Section 3(2) requires the application to contain prescribed particulars and to be accompanied by a copy of the bye-laws for regulation and control of contracts and a copy of the rules relating in general to the constitution of the exchange. The other items are not required by that provision.

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