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of <h1>Amendment to Securities Contracts Rules: LLPs Now Eligible for Stock Exchange Membership u/r 8, Effective October 2013.</h1> The Central Government amended the Securities Contracts (Regulation) Rules, 1957, under rule 8, effective from October 24, 2013. The amendment allows limited liability partnerships (LLPs) to become members of stock exchanges. To qualify, LLPs must meet financial requirements set by the Securities and Exchange Board of India (SEBI), ensure designated partners are not disqualified under specific rules, and have at least two partners with a minimum of two years of experience in securities, portfolio management, or investment consulting. This change aims to broaden the eligibility for stock exchange membership to include LLPs.
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