Extending the period of Supersession of the Committee of the Calcutta Stock Exchange Association Ltd. - S.O. 1313(E) - SEBI/LE/26450/04 - SEBI

SECURITIES AND EXCHANGE BOARD OF INDIA NOTIFICATION Mumbai, the 30 th November, 2004 S.O. 1313(E).- Vide notification No. S.O. 199(E) dated December 4, 2003 (referred hereinafter to as the said notification ) the Committee of the Calcutta Stock Exchange Association Ltd. was superseded by the Securities and Exchange Board of India for a period of one year with effect from December 4, 2003 and Shri Tushar Kanti Das, IAS (Retd.) was appointed as the Administrator to exercise and perform all the powers and duties of the Committee of the Calcutta Stock Exchange Association Ltd. The term of supersession vide the said notification is expiring on the December 3, 2004. In view of the various corrective measures taken by the Administrator some of which would require sustained follow up action, to further streamline the functioning of the Exchange in the interest of investors, time required to complete the process of election and constitution of the new Committee, and further to complete the process of demutualization and corporatisation, the period of supersession of the Committee of Calcutta Stock Exchange Association Ltd. is required to be extended for a further period upto June 30, 2005. In view of the aforesaid reasons, in exercise of the powers conferred upon me under section 4(3) of Securities and Exchange Board of India Act, 1992, read with section 11 of the Securities Contracts (Regulation) Act, 1956 and the Notification No. S.O. 573 dated July 30, 1992 issued by Central Government, the supersession of the Committee of the Calcutta Stock Exchange Association Ltd. as ordered in the said notification be hereby extended for a further period upto June 30, 2005 with effect from December 4, 2004 and Shri Tushar Kanti Das, IAS (Retd.) shall continue as the Administrator, for the purpose of exercising and performing all the powers and duties of the Committee of the Calcutta Stock Exchange Association Ltd., during the extended period. [F.No. SEBI/LE/26450/04] G.N. BAJPAI, Chairman