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of <h1>SEBI Circular on Stock Exchanges: Implement Model Rules, Submit Compliance Reports, Address Implementation Challenges.</h1> The circular from the Securities and Exchange Board of India (SEBI) addresses the implementation of Model Rules and Bye-laws for stock exchanges, aiming to standardize practices across the country. The circular outlines the division of these rules into four parts: Part A covers rules already implemented or existing under current legislation; Part B introduces new rules for immediate implementation; Part C includes rules pending corporatization of exchanges; and Part D involves rules requiring legislative amendments. Exchanges are advised to implement Part B rules and review Part A for any significant differences with existing rules. Compliance reports are requested within two months, and difficulties in implementation should be reported to SEBI.
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