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

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<h1>SEBI Pushes for Corporatization of Stock Exchanges: CSE Ordered to Amend Articles for Better Governance.</h1> The Securities and Exchange Board of India (SEBI) issued a notification to facilitate the corporatization and demutualization of stock exchanges, aiming to separate ownership, management, and trading membership. This move follows a policy announcement by the Finance Minister and SEBI's discussions with stock exchanges. SEBI mandated that no broker member could hold office positions such as President or Vice-President. The Calcutta Stock Exchange (CSE) was specifically directed to amend its Articles of Association but failed to comply promptly. SEBI emphasized the need for uniformity in governance across exchanges to protect investors and improve market practices.

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