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        SEBI

        Central Government to segregate ownership and trading membership from management of stock exchanges - Whereas Cochin Stock Exchange Limited has failed to comply with the said order within the time stipulated. - S.O. No.432(E) - SEBI/LE/6208/02 - SEBI

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        Segregation of ownership and trading membership bars broker members from serving as exchange office bearers under SEBI amendment. The regulator amended Article 115 of the Articles of Association of Cochin Stock Exchange Limited by adding a proviso that prohibits broker members from serving as office bearers (President, Vice President or Treasurer), implementing the policy to segregate ownership and trading membership from exchange management after the exchange failed to comply within the stipulated period.
                        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 bars broker members from serving as exchange office bearers under SEBI amendment.

                              The regulator amended Article 115 of the Articles of Association of Cochin Stock Exchange Limited by adding a proviso that prohibits broker members from serving as office bearers (President, Vice President or Treasurer), implementing the policy to segregate ownership and trading membership from exchange management after the exchange failed to comply within the stipulated period.


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