Central Government to segregate ownership and trading membership from management of stock exchanges - Whereas Madras Stock Exchange has failed to comply with the said order within the time.

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Full Text of the Document

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....(E).-Whereas the Chairman, Securities and Exchange Board of India vides his order dated January 10, 2002, passed in exercise of powers under sub-section (1) of Section 8 of the Securities Contracts (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 t....