Notification under section 11(3) of the Securities Contracts (Regulation) Act, 1956 for Extending the Period of supersession of the Council of Management of Bhubaneswar Stock Exchange - S.O. No.935(E) - SEBI/LE/43504/2005 - SEBI
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Extension of supersession preserves administrator control to complete corrective measures, elections and corporatisation processes. Extension of the supersession of the Council of Management of a recognised stock exchange so the Administrator continues to exercise and perform all powers and duties of the Council; Administrator may take such assistance as necessary. The extension is intended to allow completion of corrective measures, the election and constitution of a new Council, and the processes of corporatisation and demutualisation, relying on the regulator's statutory powers.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Extension of supersession preserves administrator control to complete corrective measures, elections and corporatisation processes.
Extension of the supersession of the Council of Management of a recognised stock exchange so the Administrator continues to exercise and perform all powers and duties of the Council; Administrator may take such assistance as necessary. The extension is intended to allow completion of corrective measures, the election and constitution of a new Council, and the processes of corporatisation and demutualisation, relying on the regulator's statutory powers.
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