Corporatisation of stock exchanges by which ownership, management, and trading membership would be segregated from each other. Administrative steps will be taken and legislative changes - S.O. No.1030(E) - SEBI/LE/18591/02 - SEBI

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Demutualization: Broker members barred from holding exchange office bearerships, enforcing corporatisation and governance separation by regulatory amendment. SEBI mandated corporatisation and demutualization to segregate ownership, management and trading membership and, exercising delegated statutory powers, amended CSE's Articles of Association by deleting specified references and inserting a proviso that no broker member shall be an office bearer (President, Vice President or Treasurer) of the exchange to secure uniformity in governing board composition and implement the Board's directive.

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Provisions expressly mentioned in the judgment/order text.

Demutualization: Broker members barred from holding exchange office bearerships, enforcing corporatisation and governance separation by regulatory amendment.

SEBI mandated corporatisation and demutualization to segregate ownership, management and trading membership and, exercising delegated statutory powers, amended CSE's Articles of Association by deleting specified references and inserting a proviso that no broker member shall be an office bearer (President, Vice President or Treasurer) of the exchange to secure uniformity in governing board composition and implement the Board's directive.

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Corporatisation of stock exchanges by which ownership, management, and trading membership would be segregated from each other. Administrative steps will be taken and legislative changes - S.O. No.1030(E) - SEBI/LE/18591/02 - SEBI

Demutualization: Broker members barred from holding exchange office bearerships, enforcing corporatisation and governance separation by regulatory amendment.

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Corporatisation of stock exchanges by which ownership, management, and trading membership would be segregated from each other. Administrative steps will be taken and legislative changes - S.O. No.1030(E) - SEBI/LE/18591/02 - SEBI

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Demutualization: Broker members barred from holding exchange office bearerships, enforcing corporatisation and governance separation by regulatory amendment.

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