Election to the Governing Board of Stock Exchanges

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.... Sub: Election to the Governing Board of Stock Exchanges 1.  Whenever the Governing Board of a Stock Exchange fails to comply with the provisions of the SC(R)A, SC(R)R, Bye-laws of the Stock Exchange and/or fails to implement the Directions/Guidelines issued by SEBI from time to time, it results in failure in governance. On such occasions, in order to ensure the safety and integrity of the....

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.... member of the Stock Exchange who was on the Governing Board of the Stock Exchange at the time of its supercession would not be eligible for re-election to the Governing Board of the Stock Exchange for a period of 2 years from the date of expiry of the order of supercession passed by SEBI. Further, the Stock Exchanges may provide for this disqualification in their Rules. 4.   Accordin....