Power of Securities and Exchange Board of India to make or amend bye-laws of recognised stock exchanges.

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....ting received by it in this behalf from the governing body of a recognised stock exchange or on its own motion, if it is satisfied after consultation with the governing body of the stock exchange that it is necessary or expedient so to do and after recording its reasons for so doing, make bye-laws for all or any of the matters specified in section 9 or amend any bye-laws made by such stock exchang....

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....ia under sub-section (2), apply to the 5[Securities and Exchange Board of India] for revision thereof, and the 6[Securities and Exchange Board of India] may, after giving an opportunity to the governing body of the stock exchange to be heard in the matter, revise the bye-laws so made or amended, anywhere any bye-laws so made or amended are revised as a result of any action taken under this sub-sec....

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....; by the Securities and Exchange Board of India Act, 1992, Sec 33 and Schedule, Pt II, w.e.f.. 30-01-1992. 3 Substituted for "Central Government" by the Securities and Exchange Board of India Act, 1992, Sec 33 and Schedule, Pt II, w.e.f.. 30-01-1992. 4 Substituted for "six months" by the Securities Laws (Amendment) Act, 1995, Sec 20, w.e.f. 25-01-1995. 5 Substituted for "Central ....