Admission of limited liability partnerships as exchange members enables LLPs to seek broker registration subject to membership conditions. LLPs, as bodies corporate analogous to limited liability companies and partnership firms, may be admitted as stock exchange members subject to compliance with existing membership eligibility conditions and to the extent those conditions apply to LLPs; exchanges should publicise the clarification and amend bye-laws and rules in coordination to ensure uniform implementation.
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.
Admission of limited liability partnerships as exchange members enables LLPs to seek broker registration subject to membership conditions.
LLPs, as bodies corporate analogous to limited liability companies and partnership firms, may be admitted as stock exchange members subject to compliance with existing membership eligibility conditions and to the extent those conditions apply to LLPs; exchanges should publicise the clarification and amend bye-laws and rules in coordination to ensure uniform implementation.
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