Corrigendum to Circular no SEBI/SMD/SE/13/2003/10/04 dated April 10, 2003 - SEBI - SEBI/MRD/SE/14855/2003/06/08

Circulars DEPUTY GENERAL MANAGER Market Regulation Department E-mail: [email protected] SEBI/MRD/SE/14855/2003/06/08 August 6, 2003 The Executive Director / Managing Director All Stock Exchanges Dear Sir / Madam, Sub:- Corrigendum to Circular no SEBI/SMD/SE/13/2003/10/04 dated April 10, 2003. Please refer to our above said circular regarding a uniform policy applicable to all stock exchanges regarding the maintenance / disposal of arbitration records.. In partial modification, the earlier point 5 which stated as:- The Exchange shall maintain a register wherein the brief particulars of the records destroyed alongwith the certification regarding the date and mode of destruction . may please be replaced by:- The Exchange shall maintain a register wherein the brief particulars of the records destroyed shall be entered, alongwith the certification regarding the date and mode of destruction . It may be noted that the other provisions of the said circular remain the same. The exchanges are directed to make necessary amendments to the bye-laws, rules and regulations in order to incorporate this provision . The exchanges are directed to bring the provisions of this circular to the notice of the member brokers/clearing members of the exchange and also to disseminate the same on the website for easy access to the investors. The exchanges are also directed to communicate to SEBI, the status of the implementation of the provisions of this circular in Section II, item no. 13 of the Monthly Development Report for the month of August 2003. This circular is being issued in exercise of the powers conferred by Section 11 (1) of Securities and Exchange Board of India Act, 1992, read with Section 10 of the Securities Contracts (Regulation) Act, 1956, to protect the interest of investors in securities and to promote the development of, and to regulate, the securities market. Yours sincerely, V S SUNDARESAN