Committee formation for monitoring compliance: exchanges must create subcommittee to review and approve SEBI inspection compliance reports periodically. A subcommittee of each exchange's governing board must be formed, composed of the Executive Director/Managing Director, two public representatives, one SEBI nominee and one broker representative, to review and approve actions taken on SEBI inspection reports; the subcommittee must meet regularly and its reports must be presented to the exchange board prior to sending compliance reports to SEBI.
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.
Committee formation for monitoring compliance: exchanges must create subcommittee to review and approve SEBI inspection compliance reports periodically.
A subcommittee of each exchange's governing board must be formed, composed of the Executive Director/Managing Director, two public representatives, one SEBI nominee and one broker representative, to review and approve actions taken on SEBI inspection reports; the subcommittee must meet regularly and its reports must be presented to the exchange board prior to sending compliance reports to SEBI.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
