https://www.taxtmi.com/notifications?id=128506 SEBI refused renewal of recognition to the Mangalore Stock Exchange due to substantial non compliance with 13 of 18 inspection recommendations (including failure to establish a Settlement Guarantee Fund, fill the Executive Director post appropriately, enforce Base Minimum Capital provisions, transfer prescribed amounts to the Investor Protection Fund, and update software for the T+3 settlement cycle), together with separate serious irregularities-imprudent concentrated investments, authorization of cheque signing to temporary staff, misuse of exchange infrastructure benefiting select members, indirect refunding of non refundable entry fees, and unauthorized sub terminal access-culminating in a determination that MGSE's governance and operations threatened investor interests and orderly market functioning. en-us Tue, 31 Aug 2004 00:00:00 +0530 Wed, 20 Feb 2019 14:44:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=128506 SEBI refused renewal of recognition to the Mangalore Stock Exchange due to substantial non compliance with 13 of 18 inspection recommendations (including failure to establish a Settlement Guarantee Fund, fill the Executive Director post appropriately, enforce Base Minimum Capital provisions, transfer prescribed amounts to the Investor Protection Fund, and update software for the T+3 settlement cycle), together with separate serious irregularities-imprudent concentrated investments, authorization of cheque signing to temporary staff, misuse of exchange infrastructure benefiting select members, indirect refunding of non refundable entry fees, and unauthorized sub terminal access-culminating in a determination that MGSE's governance and operations threatened investor interests and orderly market functioning. Notifications SEBI Tue, 31 Aug 2004 00:00:00 +0530 https://www.taxtmi.com/notifications?id=128506