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of <h1>SEBI Approves Corporatisation and Demutualisation Scheme for Gauhati Stock Exchange, Ensuring Public Holds Majority Equity Shares.</h1> The Securities and Exchange Board of India (SEBI) has approved a scheme for the corporatisation and demutualisation of the Gauhati Stock Exchange Limited (GSE). The scheme involves re-registering GSE as a company limited by shares, separating ownership and management from trading rights, and imposing restrictions on voting rights of shareholders who are also trading members. The Governing Board's composition and shareholding rights are defined, ensuring at least 51% of equity shares are held by the public. The scheme mandates compliance with its provisions and allows SEBI to amend the scheme in the public interest. The scheme takes effect upon publication in the Official Gazette.
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