https://www.taxtmi.com/notifications?id=145229 Amendment prescribes that a company is eligible for election as a stock exchange member only if it is lawfully formed, a majority of its directors are shareholder-members of that exchange, and the directors who are exchange members have unlimited liability; the Central Government may recommend relaxation permitting admission of specified public financial corporations, insurance and development institutions, certain registered companies and subsidiaries engaged in merchant banking or securities dealing. en-us Mon, 20 Jul 1987 00:00:00 +0530 Thu, 19 Mar 2026 11:09:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=145229 Amendment prescribes that a company is eligible for election as a stock exchange member only if it is lawfully formed, a majority of its directors are shareholder-members of that exchange, and the directors who are exchange members have unlimited liability; the Central Government may recommend relaxation permitting admission of specified public financial corporations, insurance and development institutions, certain registered companies and subsidiaries engaged in merchant banking or securities dealing. Notifications SEBI Mon, 20 Jul 1987 00:00:00 +0530 https://www.taxtmi.com/notifications?id=145229