Appointed date recognition for stock exchange corporatisation established; succession and demutualisation formally acknowledged by regulator. SEBI approved a Scheme for 'The Stock Exchange, Mumbai' and Bombay Stock Exchange Limited succeeded that exchange under the Scheme. Bombay Stock Exchange Limited completed corporatisation and demutualisation and ensured compliance with Section 4B(8) of the Securities Contracts (Regulation) Act. Exercising powers under the Act, SEBI appoints the relevant date as the appointed date for Bombay Stock Exchange Limited, formally recognizing succession and the operative commencement of the corporate entity under the Scheme.
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Appointed date recognition for stock exchange corporatisation established; succession and demutualisation formally acknowledged by regulator.
SEBI approved a Scheme for 'The Stock Exchange, Mumbai' and Bombay Stock Exchange Limited succeeded that exchange under the Scheme. Bombay Stock Exchange Limited completed corporatisation and demutualisation and ensured compliance with Section 4B(8) of the Securities Contracts (Regulation) Act. Exercising powers under the Act, SEBI appoints the relevant date as the appointed date for Bombay Stock Exchange Limited, formally recognizing succession and the operative commencement of the corporate entity under the Scheme.
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