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        Case ID :

        Central Government to segregate ownership and trading membership from management of stock exchanges - Whereas Mangalore Stock Exchange has failed to comply with the said order within the time stipulated. - S.O. No.438(E) - SEBI/LE/6216/02 - SEBI

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        Segregation of exchange management: broker members barred from serving as office bearers to enforce separation of ownership and trading. Amendment to Article 121 inserts a proviso forbidding any broker member of the exchange from being an office bearer - President, Vice President or Treasurer - thereby implementing the policy to segregate ownership and trading membership from management of the stock exchange.
                        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 barred from serving as office bearers to enforce separation of ownership and trading.

                              Amendment to Article 121 inserts a proviso forbidding any broker member of the exchange from being an office bearer - President, Vice President or Treasurer - thereby implementing the policy to segregate ownership and trading membership from management of the stock exchange.





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                              ActsIncome Tax
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