Supersession of stock exchange committee continued; Administrator stays to complete corrective reforms and demutualization process. Extension of supersession of the Committee of the Calcutta Stock Exchange Association Ltd. continues the appointment of Shri Tushar Kanti Das, IAS (Retd.) as Administrator to exercise and perform all powers and duties of the Committee, to permit completion of corrective measures, the election and constitution process, and demutualization and corporatization, under the statutory powers vested in SEBI and the Securities Contracts (Regulation) Act.
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.
Supersession of stock exchange committee continued; Administrator stays to complete corrective reforms and demutualization process.
Extension of supersession of the Committee of the Calcutta Stock Exchange Association Ltd. continues the appointment of Shri Tushar Kanti Das, IAS (Retd.) as Administrator to exercise and perform all powers and duties of the Committee, to permit completion of corrective measures, the election and constitution process, and demutualization and corporatization, under the statutory powers vested in SEBI and the Securities Contracts (Regulation) Act.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.