https://www.taxtmi.com/notifications?id=128458 The Scheme mandates demutualisation by segregating ownership and management from trading rights, requiring incorporation of provisions into BgSE's constitutional documents, limiting Trading Member representation on the Governing Board to one fourth with the Chief Executive as an ex officio director, and permitting SEBI nominations. It prescribes registration, admission standards, dues settlement and surrender rules for Trading Members, requires at least 51% equity to be held by the public other than trading shareholders, caps voting rights of trading shareholders at 5%, restricts use of assets and reserves, and mandates transfer of clearing functions to a recognized Clearing Corporation within two years. en-us Mon, 29 Aug 2005 00:00:00 +0530 Tue, 19 Feb 2019 16:46:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=128458 The Scheme mandates demutualisation by segregating ownership and management from trading rights, requiring incorporation of provisions into BgSE's constitutional documents, limiting Trading Member representation on the Governing Board to one fourth with the Chief Executive as an ex officio director, and permitting SEBI nominations. It prescribes registration, admission standards, dues settlement and surrender rules for Trading Members, requires at least 51% equity to be held by the public other than trading shareholders, caps voting rights of trading shareholders at 5%, restricts use of assets and reserves, and mandates transfer of clearing functions to a recognized Clearing Corporation within two years. Notifications SEBI Mon, 29 Aug 2005 00:00:00 +0530 https://www.taxtmi.com/notifications?id=128458