https://www.taxtmi.com/acts?id=36237 Appointment of the managing director of a recognised stock exchange or recognised clearing corporation requires prior approval of the Board, institution-determined qualifications and appointment procedures consistent with Board guidelines, a fixed tenure within prescribed limits, and eligibility restrictions to prevent conflicts of interest. The managing director may not be a shareholder/associate of a shareholder, a trading or clearing member (or related associate/agent), or hold concurrent positions in subsidiaries or associated entities, with limited exception for non-executive subsidiary board membership. en-us Wed, 06 Mar 2019 09:57:26 +0530 Wed, 06 Mar 2019 09:57:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=36237 Appointment of the managing director of a recognised stock exchange or recognised clearing corporation requires prior approval of the Board, institution-determined qualifications and appointment procedures consistent with Board guidelines, a fixed tenure within prescribed limits, and eligibility restrictions to prevent conflicts of interest. The managing director may not be a shareholder/associate of a shareholder, a trading or clearing member (or related associate/agent), or hold concurrent positions in subsidiaries or associated entities, with limited exception for non-executive subsidiary board membership. Act-Rules SEBI Wed, 06 Mar 2019 09:57:26 +0530 https://www.taxtmi.com/acts?id=36237