Securities And Exchange Board Of India - Subsection
Section 2(1)(ca) in Securities and Exchange Board of India (Stock Brokers) Regulations, 1992
(ca)[ "professional clearing member" means a member having clearing and settlement rights in any recognized clearing corporation, but not having trading rights in any recognized stock exchange.] [Inserted by Notification No. SEBI/LAD-NRO/GN/2022/73, dated 23.02.2022 (w.e.f. 23.10.1992).]