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of <h1>SEBI Mandates Stock Exchanges to Preserve Documents for Investigations as Per Regulations; Amend Bye-Laws, Notify Members.</h1> The Securities and Exchange Board of India (SEBI) issued a circular mandating stock exchanges and their members to maintain and preserve specified books of accounts and documents for two to five years, as per the Securities Contracts (Regulation) Rules, 1957, and for a minimum of five years under the Stock Brokers Regulations. Enforcement agencies like CBI and Police may require these documents during investigations and trials. Therefore, exchanges must retain original documents, both electronic and physical, until trials conclude. Stock exchanges must amend their bye-laws, notify members, update their websites, and report implementation status to SEBI.
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