Committee of Governing Board of Stock Exchanges For Monitoring Compliance of SEBI Inspection Report - SEBI - SMD/Policy/Cir- 20/2002

Circulars DEPUTY GENERAL MANAGER SECONDARY MARKET DEPARTMENT E-Mail: [email protected] SMD/Policy/Cir- 20/2002. September 3, 2002 To, The Executive Directors/Managing Directors All the Stock Exchanges. Dear Sir/Madam, Sub: Committee of Governing Board of Stock Exchanges For Monitoring Compliance of SEBI Inspection Report. It has been decided that a sub committee of the Governing Board of the Stock Exchanges should be formed to review the actions taken to implement the suggestions of SEBI's Inspection Reports. Accordingly, you are advised to form a sub committee of your governing board consisting of the following members: Executive Director / Managing Director Two Public Representatives One SEBI Nominee One Broker Representative The sub-committee should meet at least twice each quarter to review the actions taken to implement the SEBI's Inspection Reports. Sub-committee's reports should be put up to the Board of the exchange. All compliance reports sent to SEBI by the exchange in respect of inspections should be approved by the sub-Committee. Yours faithfully, PARAG JAIN