Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
Don't have an account? Register Here
<h1>SEBI Approves Corporatisation and Demutualisation of Hyderabad Stock Exchange Under Securities Contracts Regulation Act, 1956.</h1> The Securities and Exchange Board of India (SEBI) approved the corporatisation and demutualisation scheme for the Hyderabad Stock Exchange Limited (HSEL) under the Securities Contracts (Regulation) Act, 1956. The scheme involves re-registering HSEL as a company limited by shares, separating ownership and management from trading rights, and imposing voting restrictions on shareholders who are also trading members. The scheme mandates compliance with specified timelines and allows SEBI to amend it if necessary. HSEL must ensure that at least 51% of its equity shares are held by the public, and it must transfer clearing functions to a recognized Clearing Corporation within two years.