Limited liability partnership membership eligibility established for stock exchanges, subject to SEBI registration, partner fitness, and experience conditions. An amendment adds sub rule (6) to rule 8, making a limited liability partnership eligible for election as a stock exchange member if it undertakes to comply with SEBI financial requirements for registration under section 12(1); its designated partners are not disqualified under the specified sub rules and have not been office holders in entities that were declared defaulters or expelled; and at least two designated partners each have a minimum two years' experience in dealing in securities, or as portfolio managers, or as investment consultants.
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Limited liability partnership membership eligibility established for stock exchanges, subject to SEBI registration, partner fitness, and experience conditions.
An amendment adds sub rule (6) to rule 8, making a limited liability partnership eligible for election as a stock exchange member if it undertakes to comply with SEBI financial requirements for registration under section 12(1); its designated partners are not disqualified under the specified sub rules and have not been office holders in entities that were declared defaulters or expelled; and at least two designated partners each have a minimum two years' experience in dealing in securities, or as portfolio managers, or as investment consultants.
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