Central Government to segregate ownership and trading membership from management of stock exchanges.

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Full Text of the Document

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....nuary 10, 2002. passed in exercise of powers under sub-section (1) of section 8 of the Securities Contract (Regulation) Act read with sub-section (3) of Section 4 of the Securities and Exchange Board of India Act, 1992, had directed all stock exchanges to amend their Rules, Articles etc. within a period of two months to give effect to the policy decision taken by the Securities and Exchange Board ....