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

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....h April, 2002 S.O.430(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, articles etc.....