Notification F.No. SEBI/LE/43510/2005, dated June 30, 2005 (“said notification”) the super-session of the Governing Board of the Uttar Pradesh Stock Exchange Association Limited.

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.....- Vide notification F.No. SEBI/LE/43510/2005, dated June 30, 2005 ("said notification") the super-session of the Governing Board of the Uttar Pradesh Stock Exchange Association Limited ("Governing Board") was extended by the Securities and Exchange Board of India ("SEBI") upto March 31, 2006 and Shri M. N. Sabharval, IPS (Retd ) continued as an Administrator to exercise and perform all the powers....

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....regarding comprehensive risk management framework revealed certain weakness in the surveillance system of the exchange including non-maintenance of Base Minimum Capital, non-recovery of margins at appropriate levels, etc. Therefore, I am of the considered view that in order to further streamline the functioning of the Exchange, time required to complete the process of election and constitution of ....