https://www.taxtmi.com/notifications?id=128462 Approval is given for demutualisation of DSE under Section 4B with a Scheme requiring segregation of ownership and management from trading rights, incorporation of Scheme provisions into corporate documents, and SEBI's power to modify the Scheme. Governing Board composition limits trading member representation to one fourth and allows SEBI nominations; trading members and shareholders may be distinct; public must hold at least 51% of equity and trading member shareholders' combined voting rights are capped at 5%. Clearing functions must transfer to a recognized Clearing Corporation within two years, asset/reserve use is restricted to liabilities and exchange operations, and DSE must report compliance to SEBI. en-us Mon, 29 Aug 2005 00:00:00 +0530 Tue, 19 Feb 2019 17:10:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=128462 Approval is given for demutualisation of DSE under Section 4B with a Scheme requiring segregation of ownership and management from trading rights, incorporation of Scheme provisions into corporate documents, and SEBI's power to modify the Scheme. Governing Board composition limits trading member representation to one fourth and allows SEBI nominations; trading members and shareholders may be distinct; public must hold at least 51% of equity and trading member shareholders' combined voting rights are capped at 5%. Clearing functions must transfer to a recognized Clearing Corporation within two years, asset/reserve use is restricted to liabilities and exchange operations, and DSE must report compliance to SEBI. Notifications SEBI Mon, 29 Aug 2005 00:00:00 +0530 https://www.taxtmi.com/notifications?id=128462