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of <h1>SEBI Supersedes Pune Stock Exchange Board for Six Months Over Unauthorized Transactions and Regulatory Failures.</h1> The Securities and Exchange Board of India (SEBI) has superseded the Governing Board of the Pune Stock Exchange for six months due to unauthorized transactions and failure to enforce regulations. Inspections revealed that elected directors and brokers engaged in illegal off-the-floor and carry-forward transactions, compromising market safety and investor interests. Despite claims of ignorance, SEBI found the board's oversight inadequate. Consequently, Mr. W.S. Tambe has been appointed as the administrator to oversee the exchange's operations and implement necessary reforms. The election of new directors has been postponed pending further SEBI orders.
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