Admission of institutional members required by stock exchanges when recommended by regulator, including banks and specified institutions. Where the Securities and Exchange Board of India makes a recommendation, the governing body of a stock exchange shall admit as member specified corporations, bodies corporate, companies and institutions, including development finance institutions, registered insurance companies, Unit Trust of India, specified banks and their subsidiaries, export-import and development banks, pension and provident arrangements, standalone primary dealers authorised by the Reserve Bank, and Category I and II foreign portfolio investors, provided such foreign portfolio investors engage only in proprietary trades in classes of securities specifically permitted by 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.
Admission of institutional members required by stock exchanges when recommended by regulator, including banks and specified institutions.
Where the Securities and Exchange Board of India makes a recommendation, the governing body of a stock exchange shall admit as member specified corporations, bodies corporate, companies and institutions, including development finance institutions, registered insurance companies, Unit Trust of India, specified banks and their subsidiaries, export-import and development banks, pension and provident arrangements, standalone primary dealers authorised by the Reserve Bank, and Category I and II foreign portfolio investors, provided such foreign portfolio investors engage only in proprietary trades in classes of securities specifically permitted by SEBI.
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