https://www.taxtmi.com/circulars?id=58263 The circular prescribes procedural requirements for recognition, ownership and governance of stock exchanges and clearing corporations under SECC Regulations: applicants must demonstrate compliance with statutory and regulatory criteria, submit detailed documentation including business plans and fit-and-proper information, and satisfy SEBI on appointment of key department heads before final approval; ownership beyond prescribed thresholds requires prior approval with detailed disclosures and ongoing monitoring; governance rules cover director and management appointments, public interest director criteria, committee composition and reporting, segregation of regulatory departments, conflict management, and a prescribed compensation policy with deferral, malus and clawback provisions. en-us Thu, 13 Dec 2012 00:00:00 +0530 Fri, 14 Dec 2018 12:24:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=58263 The circular prescribes procedural requirements for recognition, ownership and governance of stock exchanges and clearing corporations under SECC Regulations: applicants must demonstrate compliance with statutory and regulatory criteria, submit detailed documentation including business plans and fit-and-proper information, and satisfy SEBI on appointment of key department heads before final approval; ownership beyond prescribed thresholds requires prior approval with detailed disclosures and ongoing monitoring; governance rules cover director and management appointments, public interest director criteria, committee composition and reporting, segregation of regulatory departments, conflict management, and a prescribed compensation policy with deferral, malus and clawback provisions. Circulars SEBI Thu, 13 Dec 2012 00:00:00 +0530 https://www.taxtmi.com/circulars?id=58263