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
📋
Contents
Cases Cited
Referred In
Notifications
Circulars
Forms
Manuals
Acts
Rules & Regulations
Case Laws New
Ref Provisions New
Plus +
Source NTF
Summary
Similar
Note
Bookmark
Share
✓ Copied successfully !
Print
Print Options
For full text, please login
Login to TaxTMI
Verification Pending
The Email Id has not been verified. Click on the link we have sent on
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.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.