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        SEBI

        Central Government to segregate ownership and trading membership from management of stock exchanges; and Whereas Hyderabad Stock Exchange Limited has failed to comply with” the said order within the time stipulated. - S.O. No.434(E) - SEBI/LE/6212/02 - SEBI

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        Segregation of exchange management: broker members prohibited from serving as President or Vice President of the exchange. SEBI amends Article 104 of the Articles of Association of Hyderabad Stock Exchange Limited to add provisos prohibiting any broker member of the exchange from serving as President or as Vice President, implementing the policy to segregate ownership and trading membership from exchange management after the exchange failed to comply with SEBI's earlier direction.
                        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 exchange management: broker members prohibited from serving as President or Vice President of the exchange.

                              SEBI amends Article 104 of the Articles of Association of Hyderabad Stock Exchange Limited to add provisos prohibiting any broker member of the exchange from serving as President or as Vice President, implementing the policy to segregate ownership and trading membership from exchange management after the exchange failed to comply with SEBI's earlier direction.


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