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of <h1>SEBI Approves SKSE Corporatisation and Demutualisation Scheme: Separation of Ownership and Trading Rights, Public Equity Share Requirement.</h1> The Securities and Exchange Board of India (SEBI) has approved the corporatisation and demutualisation scheme for the Saurashtra Kutch Stock Exchange Limited (SKSE), initially registered as a company limited by guarantee and re-registered as a company limited by shares. The scheme mandates the segregation of ownership from trading rights, limits voting rights for shareholders who are also trading members, and outlines the composition of the Governing Board. SKSE must ensure compliance with the scheme, which requires at least 51% of equity shares to be held by the public, and transfer clearing functions to a recognized clearing corporation within two years. SEBI reserves the right to amend the scheme in the public interest.
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