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of <h1>SEBI mandates Cochin Stock Exchange to amend Articles 105, 106, and 130 for compliance with statutory order.</h1> The Securities and Exchange Board of India (SEBI) issued a notification requiring the Cochin Stock Exchange Ltd. to amend its Articles of Association as per a statutory order dated April 20, 1993. Despite initial amendments, the Exchange failed to comply with changes to Articles 105, 106, and 130 within the specified six-month period. SEBI, exercising its authority under relevant sections of the Securities Contracts (Regulation) Act, 1956, and the Securities and Exchange Board of India Act, 1992, mandated specific amendments to these Articles. These changes involve the management structure and committee compositions, effective upon publication in the Official Gazette.
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