Central Government to segregate ownership and trading membership from management of stock exchanges; and Whereas Hyderabad Stock Exchange Limited has failed to comply with” the said order within the time stipulated.

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Full Text of the Document

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....he 17th April, 2002 S.O.434(E).-Whereas the Chairman. Securities and Exchange Board of India vide 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, Article....