Introducing the “In Favour Of” filter in Case Laws.
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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>Regulation 23A permits Board to appoint up to three directors on stock exchange governing boards with equal powers.</h1> Regulation 23A of the Securities Contracts (Regulation) (Stock Exchanges and Clearing Corporations) Regulations, 2018, allows the Board to appoint up to three individuals as directors on the governing board of any recognized stock exchange or clearing corporation. These appointed directors will have the same status and powers as other directors on the board. This provision was introduced through a notification dated February 28, 2023, and will take effect 180 days from its publication in the Official Gazette.
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