Issue of sweat equity: SEBI establishes regulatory framework governing eligibility, allotment mechanics, disclosures and compliance.
Regulations create a SEBI regulatory framework for the issue of sweat equity, invoked under Section 30 of the SEBI Act and Clause (d) of sub section (1) of Section 79A as inserted by the Companies (Amendment) Act, 1998, authorising the Board to prescribe eligibility, allotment mechanics, disclosure requirements and compliance obligations governing sweat equity grants.

Demutualization: Broker members barred from holding exchange office bearerships, enforcing corporatisation and governance separation by regulatory amendment.
SEBI mandated corporatisation and demutualization to segregate ownership, management and trading membership and, exercising delegated statutory powers, amended CSE's Articles of Association by deleting specified references and inserting a proviso that no broker member shall be an office bearer (President, Vice President or Treasurer) of the exchange to secure uniformity in governing board composition and implement the Board's directive.

Renewal of recognition: trading permitted only after Settlement Guarantee Fund approval and compliance with SEBI circulars.
Renewal of recognition to Coimbatore Stock Exchange Limited is granted for one year under the Securities Contracts (Regulation) Act, subject to conditions. Trading may commence only after obtaining final approval for and establishing a Settlement Guarantee Fund/Trade Guarantee Fund and confirming compliance with SEBI circulars.

Service fee schedule for mutual funds revised, altering tiered fee obligations and effective from the specified financial year.
Amendment substitutes a new SERVICE FEES PAYABLE BY MUTUAL FUNDS para in the Second Schedule prescribing a tiered fixed service-fee table tied to net assets as on 31st March, effective from the financial year 2003-2004, and renumbers two clauses in the Eighth Schedule; a footnote recording the principal regulation's issuance and subsequent amendment history is appended to the earlier 2002 amendment.

Renewal of recognition of a stock exchange granted subject to mandated compliance with inspection deficiencies and corrective deadline.
Renewal of recognition was granted to the Pune Stock Exchange Limited under Section 4 of the Securities Contracts (Regulation) Act for one year, subject to conditions including compliance with observations, deficiencies and suggestions in the March 2002 inspection report and rectification of identified irregularities by the stated corrective deadline; the renewal remains subject to further conditions that may be prescribed or imposed.

Supersession of Governing Board due to mismanagement and noncompliance, and appointment of Administrator to restore regulatory compliance.
SEBI, under Section 11 of the SCRA, superseded the Governing Board of UPSE for one year from July 12, 2002 due to sustained mismanagement, interference by elected broker directors, persistence of unofficial carry-forward transactions, surveillance and software deficiencies, failure to operationalize the SGF and noncompliance with SEBI directives; an independent Administrator was appointed to exercise all powers and duties of the Governing Board to implement corrective measures and protect investor interests.

Nomination rights in mutual fund units: individuals may nominate a transferee on death, subject to eligibility and rescission rules.
Regulation 29A requires asset management companies to provide an option for individual unit holders, including joint holders acting together, to nominate a person to receive units on death, using a prescribed form that records nominee and guardian details for minors, signature requirements, exclusions of non-individuals, rescission of nomination on transfer, valid discharge on transfer to nominee, and cancellation rights reserved to original nominators.

Renewal of recognition under securities law requires a settlement/trade guarantee fund and compliance before trading resumes.
Renewal of recognition is granted to Bhubaneshwar Stock Exchange Limited under Section 4 of the Securities Contracts (Regulation) Act for 5 June 2002 to 4 June 2003, subject to commencement by the Exchange of a Settlement Guarantee Fund/Trade Guarantee Fund after final regulatory approval and commencement of trading only after that requirement is met, and subject to compliance with the actions and measures detailed in the regulator's letter dated 3 June 2002.

Demutualisation: broker members prohibited from serving as exchange office bearers to segregate ownership and management.
SEBI mandates separation of ownership, management and trading membership and requires exchanges to amend their instruments to prevent broker members from serving as office bearers. SEBI amends CSE's Articles of Association by deleting the word "elected" in Article 82E(i) and adding a proviso that no broker member shall be President, Vice President or Treasurer, aiming to harmonise governing board composition and advance corporatisation and demutualisation.

Renewal of recognition for a stock exchange granted under securities regulation, subject to specified regulatory conditions.
Renewal of recognition of a regional stock exchange is granted under the securities regulation framework for a fixed one year period, subject to specified conditions set out in the regulator's contemporaneous communication and subject to any additional conditions that may be specified or imposed subsequently.

Amendment to SEBI notification substitutes member entry, appointing Shri Dhirendra Swamp as Additional Secretary under SEBI Act.
Pursuant to powers under the Securities and Exchange Board of India Act, 1992, the Central Government substitutes the entry at serial number 2 in the cited notification, naming Shri Dhirendra Swamp as Member and Additional Secretary, Ministry of Finance, Department of Economic Affairs, by ministry notification dated 28 May 2002.

Demutualisation rule: broker members barred from serving as exchange office bearers under SEBI directive to corporatise governance.
SEBI amends the Articles of Association of the Calcutta Stock Exchange to remove the word "elected" in the relevant article and to add a proviso that no broker member of the exchange shall be an office bearer, i.e. President, Vice President or Treasurer, thereby segregating ownership, management and trading membership to expedite corporatisation and harmonise governing board composition.

Demutualisation: prohibition on broker members serving as exchange President or Vice President to enforce governance separation.
SEBI substituted Article 112 of UPSE's Articles of Association to require election of the President and Vice President by the Board within ten days after the annual general meeting, each to serve one year terms with re eligibility subject to a one year cooling off after two consecutive terms, and to prohibit any broker member of the exchange from being elected President or Vice President, pursuant to its powers under the Securities Contracts (Regulation) Act to implement demutualisation and corporatisation.

Renewal of recognition granted conditionally, requiring implementation of inspection suggestions and regulatory approval before trading.
Renewal of recognition granted to Gauhati Stock Exchange Limited under the Securities Contracts (Regulation) Act for a further one-year period, conditional on implementation and compliance with the suggestions in Section V of the SEBI inspection report and on submission of confirmation of such compliance plus further regulatory approval before commencing trading.

Renewal of recognition conditioned on compliance: exchange must certify margin computations and rectify software deficiencies.
Renewal of recognition of the Ludhiana Stock Exchange Association Limited is granted for one year commencing 28th April 2002 subject to two conditions: within one month the exchange must submit an internal auditor's report certifying that gross exposure and margins are computed as prescribed and that irregularities from the January 2001 inspection have been rectified; and the exchange must obtain written confirmation from its software vendor that all software deficiencies have been rectified.

Segregation of ownership and trading membership: broker members barred from serving as President, Vice President or Treasurer.
Exercising powers under the Securities Contracts (Regulation) Act, the regulator amended the Vadodara Stock Exchange Articles to insert provisos in Article 115 prohibiting broker members from serving as President, Vice President or Treasurer, thereby implementing segregation of ownership and trading membership from exchange management.

Segregation of exchange management: broker members barred from serving as office bearers to enforce separation of ownership and trading.
Amendment to Article 121 inserts a proviso forbidding any broker member of the exchange from being an office bearer - President, Vice President or Treasurer - thereby implementing the policy to segregate ownership and trading membership from management of the stock exchange.

Segregation of ownership and trading membership prohibits brokers from holding office bearer positions in exchange management.
The regulator mandated segregation of ownership and trading membership from exchange management and, for non-compliance, directly amended the exchange's articles by adding a proviso to Article 72, clause (a) stating that no broker member shall be an office bearer (President, Vice President or Treasurer) of the exchange, thereby prohibiting broker-members from holding those managerial offices.

Segregation of exchange management: brokers are barred from serving as President, Vice President or Treasurer following mandated reforms.
SEBI exercised statutory powers to amend the Articles of Association of Madras Stock Exchange after the Exchange failed to comply with a direction to segregate ownership and trading membership from management, adding provisos to Article 115 that bar broker members from serving as President, Vice President or Treasurer.

Segregation of trading membership from management bars broker-members from holding top exchange offices to enforce governance reform.
SEBI, invoking powers under the Securities Contracts (Regulation) Act due to Jaipur Stock Exchange Limited's non compliance with a directive to segregate ownership and trading membership from management, amended Article 74 to add provisos prohibiting broker members from serving as President, Vice President, or Treasurer of the exchange.