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    Question

    According to Securities Contracts (Regulation) (Stock

    Exchanges and Clearing Corporations) Regulations the  Board may, on  being satisfied with the capability of the applicant to comply with the conditions  laid  down  in  this  regulation,  grant  in-principle  approval  to  the  applicant  which shall be valid for a period of _____________
    A One year Correct Answer Incorrect Answer
    B Two years Correct Answer Incorrect Answer
    C Three years Correct Answer Incorrect Answer
    D Seven years Correct Answer Incorrect Answer
    E One hundred and twenty days Correct Answer Incorrect Answer

    Solution

    Regulation 7 Consideration of grant of recognition: (5) the Board may, on being satisfied with the capability of the applicant to comply with the conditions laid down in this regulation, grant in-principle approval to the applicant which shall be valid for a period of one year.

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