Bye laws approval requirement: prior board approval required for exchange and clearing corporation bye laws and constitutional amendments. A recognised stock exchange and recognised clearing corporation must make bye laws for regulating contracts and clearing and settlement only with the previous approval of the Board; amendments to constituent documents insofar as they relate to matters under the Act, these regulations, or the bye laws also require prior Board approval.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Bye laws approval requirement: prior board approval required for exchange and clearing corporation bye laws and constitutional amendments.
A recognised stock exchange and recognised clearing corporation must make bye laws for regulating contracts and clearing and settlement only with the previous approval of the Board; amendments to constituent documents insofar as they relate to matters under the Act, these regulations, or the bye laws also require prior Board approval.
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