Notification under Section 11(3) of the Securities Contracts (Regulation) Act, 1956 for Extending the period of Supersession of the Governing Board of the Uttar Pradesh Stock Exchange Association Limited. - F.No. SEBI/LE/89594/2007 - SEBI
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Extension of supersession of governing board; administrator to continue exercising powers pending demutualisation and reforms. The period of supersession of the Governing Board is extended for a further year to allow completion of demutualisation, appointment of an Executive Director and constitution of a new Governing Board, with the Administrator continuing to exercise and perform all powers and duties of the Governing Board and authorised to take assistance as necessary.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Extension of supersession of governing board; administrator to continue exercising powers pending demutualisation and reforms.
The period of supersession of the Governing Board is extended for a further year to allow completion of demutualisation, appointment of an Executive Director and constitution of a new Governing Board, with the Administrator continuing to exercise and perform all powers and duties of the Governing Board and authorised to take assistance as necessary.
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