Demutualisation requirements limit trading member voting rights and require majority public shareholding after corporatisation. The Scheme mandates re registration of the Pune Stock Exchange as a company limited by shares, prescribes share allotment to Members (including additional shares for multiple memberships), and requires incorporation of Scheme provisions into corporate instruments. It caps Trading Member representation on the Governing Board and limits voting rights of shareholder Trading Members to no more than five percent while requiring at least fifty one percent public shareholding. The Scheme sets uniform admission standards for Trading Members, preserves trading liabilities and client rights, restricts use of assets and reserves, and requires transfer of clearing functions to a recognised clearing corporation within two years subject to approval.