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    <title>Order under Section 4B (6) read with Section 4B (7) of the Securities Contracts (Regulation) Act, 1956 in the matter of the Cochin Stock Exchange Limited (Demutualisation) Scheme, 2005.</title>
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    <description>Approval of the Cochin Stock Exchange Demutualisation Scheme establishes segregation of ownership and management from trading rights, requires at least 51% public shareholding excluding trading-right holders, limits voting rights of any trading-member shareholder (with concert parties) to 5%, restricts trading-member representation on the Governing Board to one-quarter, mandates incorporation of Scheme provisions into constitutional documents, requires transfer of clearing functions to a recognised Clearing Corporation within the transitional period, restricts use of assets and reserves, and imposes ongoing compliance and reporting obligations to SEBI.</description>
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