Demutualisation safeguards: corporatisation scheme bars using exchange assets or reserves to enrich members, while vesting operations in a successor company. The Scheme vests all assets, liabilities, rights and obligations of the unincorporated Stock Exchange - Ahmedabad in the newly incorporated Ahmedabad Stock Exchange Limited, requires incorporation of Scheme provisions into ASEL's constitutional documents, mandates separation of ownership and trading rights with limits on trading member board representation and voting, and prohibits use of exchange assets or reserves for allotment of shares or member enrichment, permitting their use only for discharge of current liabilities or exchange operations.