Notification under Section 11(3) of the Securities Contracts (Regulation) Act, 1956 for Extending the Period of Supersession of the Council of Management of Bhubaneswar Stock Exchange Limited. - S.O. No.455(E) - SEBI/LE/63415/2006 - SEBI
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Extension of supersession continues administrator to complete elections, corporatisation and demutualisation processes. The supersession of the Council of Management of Bhubaneswar Stock Exchange Limited is extended for six months to September 30, 2006, effective April 1, 2006; Shri Jai Prakash Verma, IPS (Retd.) shall continue as Administrator exercising and performing all powers and duties of the Council and may take assistance of persons he deems necessary, the extension being effected under statutory powers vested in the regulatory authority and the cited Central Government notification.
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Provisions expressly mentioned in the judgment/order text.
Extension of supersession continues administrator to complete elections, corporatisation and demutualisation processes.
The supersession of the Council of Management of Bhubaneswar Stock Exchange Limited is extended for six months to September 30, 2006, effective April 1, 2006; Shri Jai Prakash Verma, IPS (Retd.) shall continue as Administrator exercising and performing all powers and duties of the Council and may take assistance of persons he deems necessary, the extension being effected under statutory powers vested in the regulatory authority and the cited Central Government notification.
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