Eligibility of provident funds as stock exchange members now permitted, extending membership to trustee represented exempted establishments. The Securities Contracts (Regulation) (Second Amendment) Rules, 2014 insert sub rule (7) in rule 8 of the 1957 Rules, stating that any provident fund represented by its trustees of an exempted establishment under the Employees' Provident Funds and Miscellaneous Provisions Act, 1952, shall be eligible to be elected as a member of a stock exchange; the amendment was notified on 19 September 2014 and takes effect upon Gazette publication.
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Eligibility of provident funds as stock exchange members now permitted, extending membership to trustee represented exempted establishments.
The Securities Contracts (Regulation) (Second Amendment) Rules, 2014 insert sub rule (7) in rule 8 of the 1957 Rules, stating that any provident fund represented by its trustees of an exempted establishment under the Employees' Provident Funds and Miscellaneous Provisions Act, 1952, shall be eligible to be elected as a member of a stock exchange; the amendment was notified on 19 September 2014 and takes effect upon Gazette publication.
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