https://www.taxtmi.com/circulars?id=58116 Amendment replaces Para 14.1 to bar trading members, clearing members, their associates and agents from the governing boards of recognised stock exchanges and clearing corporations; deems directors of entities that are trading/clearing members or have such associates to be trading/clearing members for this purpose, with a proviso excluding directors of public financial institutions or public sector banks (or where ultimate promoter is public or shareholding is well diversified) and certain independent directors. Appointments remain subject to other eligibility requirements and regulatory satisfaction, and exchanges must continuously monitor compliance and update bye-laws, notify members and report implementation. en-us Fri, 22 Jan 2016 00:00:00 +0530 Fri, 07 Dec 2018 17:05:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=58116 Amendment replaces Para 14.1 to bar trading members, clearing members, their associates and agents from the governing boards of recognised stock exchanges and clearing corporations; deems directors of entities that are trading/clearing members or have such associates to be trading/clearing members for this purpose, with a proviso excluding directors of public financial institutions or public sector banks (or where ultimate promoter is public or shareholding is well diversified) and certain independent directors. Appointments remain subject to other eligibility requirements and regulatory satisfaction, and exchanges must continuously monitor compliance and update bye-laws, notify members and report implementation. Circulars SEBI Fri, 22 Jan 2016 00:00:00 +0530 https://www.taxtmi.com/circulars?id=58116