The OTC Exchange of India, which had already been corporatised and demutualised not to submit a scheme for its corporatisation and demutualisation. - S.O. No.1313(E) - SEBI/MRD/49395/2005 - SEBI
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Corporatisation and demutualisation exemption: existing corporatised and demutualised exchange need not file a scheme, subject to approval and compliance. The OTC Exchange of India, already corporatised and demutualised, is specified as not required to submit a scheme for corporatisation and demutualisation, provided it does not change its current corporatised and demutualised structure without prior approval and complies with further conditions that the regulator may impose from time to time.
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.
Corporatisation and demutualisation exemption: existing corporatised and demutualised exchange need not file a scheme, subject to approval and compliance.
The OTC Exchange of India, already corporatised and demutualised, is specified as not required to submit a scheme for corporatisation and demutualisation, provided it does not change its current corporatised and demutualised structure without prior approval and complies with further conditions that the regulator may impose from time to time.
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