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of <h1>SEBI Mandates Amendments to Bangalore Stock Exchange Articles: Changes to Article 53 and 54 on Leadership Tenure.</h1> The Securities and Exchange Board of India (SEBI) has mandated amendments to the Articles of Association of the Bangalore Stock Exchange Limited. These changes are in response to a statutory order issued on April 20, 1993, under the Securities Contracts (Regulation) Act, 1956. The amendments involve renumbering sub-clauses in Article 53 and modifying Article 54 to reduce a figure from '15' to '10' and introduce a new sub-clause regarding the tenure and re-election eligibility of the President, Vice-President, and Treasurer. The existing Article 54 is deleted. These amendments take effect upon publication in the Official Gazette.
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