Amendment status not verified — confirm the current text below against the official source.
Grant/ Renewal of licence to establish electronic trading platform. ti ) Any person desirous of establishing an e-trading platform under Section 58 (1) shall apply to the MD or the Officer authorized by him in such form and manner along with such fee and security/bank guarantee and fulfilling such conditions, as may be prescribed. (2)The application received under sub-section (I)for grant or renewal of licence may be accepted or rejected for reasons recorded in writing by the Licensing Authority. Provided that the application received under this section shall he liable to be rejected on the condition(s) inutatis mutandis to condition(s) laid down for private market yard under Section