Notification under Section 11(3) of the Securities Contracts (Regulation) Act, 1956 for Extending the period of Supersesseion of The Council of Management of Bhubaneswar Stock Exchange Limited. - F.No. SEBI/LE/89588/2007 - SEBI
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Supersession of Council of Management extended; Administrator to continue overseeing reforms, demutualisation and governance transition. Extension of supersession of the Council of Management of Bhubaneswar Stock Exchange Limited continues the Administrator's control for a further year to complete corrective reforms, demutualisation, and the election and constitution of a new Council. The Administrator shall exercise all powers and duties of the Council and may take assistance as necessary to implement and follow up on streamlining measures.
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.
Supersession of Council of Management extended; Administrator to continue overseeing reforms, demutualisation and governance transition.
Extension of supersession of the Council of Management of Bhubaneswar Stock Exchange Limited continues the Administrator's control for a further year to complete corrective reforms, demutualisation, and the election and constitution of a new Council. The Administrator shall exercise all powers and duties of the Council and may take assistance as necessary to implement and follow up on streamlining measures.
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