Central Government to segregate ownership and trading membership from management of stock exchanges Jaipur Stock Exchange Limited. - S.O. No.435(E) - SEBI/LE/6213/02 - SEBI
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Segregation of trading membership from management bars broker-members from holding top exchange offices to enforce governance reform. SEBI, invoking powers under the Securities Contracts (Regulation) Act due to Jaipur Stock Exchange Limited's non compliance with a directive to segregate ownership and trading membership from management, amended Article 74 to add provisos prohibiting broker members from serving as President, Vice President, or Treasurer of the exchange.
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Segregation of trading membership from management bars broker-members from holding top exchange offices to enforce governance reform.
SEBI, invoking powers under the Securities Contracts (Regulation) Act due to Jaipur Stock Exchange Limited's non compliance with a directive to segregate ownership and trading membership from management, amended Article 74 to add provisos prohibiting broker members from serving as President, Vice President, or Treasurer of the exchange.
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