Order under section 11 of the Securities Contracts (Regulation) Act, 1956 extending the period of supersession of the Governing Board of the Uttar Pradesh Stock Exchange Association Limited - S.O. No.817(E) - SEBI/LE/14296/2004 - SEBI
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Supersession extension: continued administrator control to complete remedial measures, elections and demutualisation of the exchange. The Securities and Exchange Board of India, invoking powers under section 11 of the Securities Contracts (Regulation) Act, 1956, has extended the supersession of the Governing Board of the Uttar Pradesh Stock Exchange Association Limited and directed that Shri M.N. Sabharwal, IPS (Retd.) continue as Administrator to exercise and perform all powers and duties of the Governing Board, with authority to take assistance as necessary to complete remedial measures, elections and Demutualisation.
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Supersession extension: continued administrator control to complete remedial measures, elections and demutualisation of the exchange.
The Securities and Exchange Board of India, invoking powers under section 11 of the Securities Contracts (Regulation) Act, 1956, has extended the supersession of the Governing Board of the Uttar Pradesh Stock Exchange Association Limited and directed that Shri M.N. Sabharwal, IPS (Retd.) continue as Administrator to exercise and perform all powers and duties of the Governing Board, with authority to take assistance as necessary to complete remedial measures, elections and Demutualisation.
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