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<h1>SEBI Approves Revised Demutualisation Scheme for Bangalore Stock Exchange, Mandating Separation of Ownership and Trading Rights.</h1> The Securities and Exchange Board of India (SEBI) approved a revised demutualisation scheme for the Bangalore Stock Exchange Limited (BgSE) under the Securities Contracts (Regulation) Act, 1956. The scheme mandates the separation of ownership and management from trading rights, limits voting rights for trading members, and outlines the composition of the Governing Board. BgSE 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 for public and trade interests.