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 Scheme for Madras Stock Exchange: Corporatisation and Demutualisation Under Securities Contracts Act.</h1> The Securities and Exchange Board of India (SEBI) has approved the corporatisation and demutualisation scheme for the Madras Stock Exchange Limited (MSEL) under the Securities Contracts (Regulation) Act, 1956. MSEL, originally a company limited by guarantee, will be re-registered as a company limited by shares, separating ownership and management from trading rights. SEBI's approval includes minor modifications to the proposed scheme, which outlines governance, shareholding, and operational structures. MSEL must comply with the scheme and report to SEBI, which retains the right to amend the scheme in the public interest. The scheme becomes effective upon publication in the Official Gazette.