Extension of the tenure of Shri Jai Prakash Verms, IPS (Retd.) as an Administrator to exercise and perform all the powers and duties of the Council of Management. - S.O. No.1430(E) - SEBI/LE/29081/2004 - SEBI
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Supersession extension of a stock exchange to allow completion of corrective measures, election and corporatisation processes. Extension of the supersession of the Council of Management of the Bhubaneswar Stock Exchange is ordered for a further six months to allow continuation of corrective measures, completion of election procedures and the processes of corporatisation and demutualisation. Shri Jai Prakash Verma, IPS (Retd.) shall continue as Administrator with authority to exercise all powers and duties of the Council and to engage assistance as necessary during the extended period under the regulator's statutory authority.
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Supersession extension of a stock exchange to allow completion of corrective measures, election and corporatisation processes.
Extension of the supersession of the Council of Management of the Bhubaneswar Stock Exchange is ordered for a further six months to allow continuation of corrective measures, completion of election procedures and the processes of corporatisation and demutualisation. Shri Jai Prakash Verma, IPS (Retd.) shall continue as Administrator with authority to exercise all powers and duties of the Council and to engage assistance as necessary during the extended period under the regulator's statutory authority.
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