Notification under Section 11(3) of the Securities Contracts (Regulation) Act, 1956 for Extending the Period of Supersession of the Council of Management and for Appointing New Administrator of Bhubaneswar Stock Exchange Limited - S.O.1635(E). - SEBI/LE/77764/2006 - SEBI
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Supersession extension and new administrator appointment continue management and demutualisation processes at the stock exchange to oversee reforms. Extension of the supersession of the Council of Management of Bhubaneswar Stock Exchange Limited for six months to permit completion of elections, demutualisation and follow-up corrective measures, effective October 1, 2006; resignation of the prior Administrator and appointment of a new Administrator vested with all powers and duties of the Council who may take assistance as necessary to discharge those functions.
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Supersession extension and new administrator appointment continue management and demutualisation processes at the stock exchange to oversee reforms.
Extension of the supersession of the Council of Management of Bhubaneswar Stock Exchange Limited for six months to permit completion of elections, demutualisation and follow-up corrective measures, effective October 1, 2006; resignation of the prior Administrator and appointment of a new Administrator vested with all powers and duties of the Council who may take assistance as necessary to discharge those functions.
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