The Securities Contracts (Regulation) Act, 1956 representation of National Stock Exchange of India Ltd. to Security and Exchange Board of India for corporised and demutualise stock exchange. - S.O. No.401(E) - SEBI/LE/35723/2005 - SEBI

SECURITIES AND EXCHANGE BOARD OF INDIA NOTIFICATION Mumbai, the 10 th March, 2005 S.O. 401(E).- Whereas National Stock Exchange of India Limited having its address at Exchange Plaza , Bandra Kurla Complex, Bandra (East), Mumbai-400051, has vide its letter Nos. NSEIL/S LD/8384-9, dated December 8, 2004 and NSEIL/S LD/8545-Q, dated December 16, 2004 represented to the Securities and Exchange Board of India that it is an already corporatised and demutualised stock exchange and has confirmed that it shall not change its current corporate and demutualised structure; Now, therefore, the Securities and Exchange Board of India hereby specifies under the proviso to sub-section (1) of section 4B of the Securities Contracts (Regulation) Act, 1956 that the National Stock Exchange of India Limited, which had already been corporatised and demutualised, shall not be required to submit a scheme for corporatisation and demutualisation, subject to the following conditions :- (1) The National Stock Exchange of India Limited shall not change its current corporate and demutualised structure, without prior approval of the Securities and Exchange Board of India; and (2) The National Stock Exchange of India Limited shall comply with further conditions as may be imposed by the Securities and Exchange Board of India in this regard from time to time. [F.No. SEBI/LE/35723/2005] M.DAMODARAN, Chairman