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        SEBI

        Central Government to segregate ownership and trading membership from management of stock exchanges - Whereas Vadodara stock Exchange has failed to comply with the said order within the time stipulated - S.O. No.439(E) - SEBI/LE/6220/02 - SEBI

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        Segregation of ownership and trading membership: broker members barred from serving as President, Vice President or Treasurer. Exercising powers under the Securities Contracts (Regulation) Act, the regulator amended the Vadodara Stock Exchange Articles to insert provisos in Article 115 prohibiting broker members from serving as President, Vice President or Treasurer, thereby implementing segregation of ownership and trading membership from exchange management.
                        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.

                              Segregation of ownership and trading membership: broker members barred from serving as President, Vice President or Treasurer.

                              Exercising powers under the Securities Contracts (Regulation) Act, the regulator amended the Vadodara Stock Exchange Articles to insert provisos in Article 115 prohibiting broker members from serving as President, Vice President or Treasurer, thereby implementing segregation of ownership and trading membership from exchange management.


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