Composition limits for the Central Listing Authority impose a cap on representatives of exchanges and market institutions. Amendment substitutes the proviso to regulation 4(2) of the Central Listing Authority Regulations to provide that not more than three Members shall be representatives of exchanges, depositories, clearing corporations or other institutions related with the securities market. The regulations are made under the enabling statute and come into force on publication in the Official Gazette.
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Provisions expressly mentioned in the judgment/order text.
Composition limits for the Central Listing Authority impose a cap on representatives of exchanges and market institutions.
Amendment substitutes the proviso to regulation 4(2) of the Central Listing Authority Regulations to provide that not more than three Members shall be representatives of exchanges, depositories, clearing corporations or other institutions related with the securities market. The regulations are made under the enabling statute and come into force on publication in the Official Gazette.
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