Adequate financial powers to Executive Directors

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Full Text of the Document

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.... 25/1999 dated August 12, 1999 advised the stock exchanges to accord adequate financial powers to the executive director of the stock exchanges for the smooth functioning of the stock exchange. The issue of the adequacy of the financial powers of the Executive Directors has also been covered in the report of the Mayya Committee on Model Rules at para no. 6.20. Further in the text of the model ....