Amendment in the Securities Contracts (Regulation) Act, 1956 following clauses in the articles of Gauhati Stock Exchange shall be inserted namely. - S.O. No.392(E) - SEBI/LE/28232/01 - SEBI

SECURITIES AND EXCHANGE BOARD OF INDIA NOTIFICATION Mumbai, the 8th May, 2001 S.O.392(E).- Securities and Exchange Board of India in exercise of the powers conferred by Sub-section (2) of Section 8 of the Securities Contracts (Regulation) Act, 1956 do hereby direct that following clauses in the articles of Gauhati Stock Exchange shall be inserted namely:- 119 (h) In the event of suspension of trading, suspension of the registration as stock broker because of any disciplinary action taken against the member by Exchange/SEBI, the member shall not be eligible to continue on the Governing Board and shall also not be eligible to be elected to the Governing Board for two years from the date of expiry of such suspension of trading or suspension of registration, as the case may be. A member whose registration has been cancelled would not be allowed to continue on the Governing Board or be eligible to be elected to the Governing Board 119(i) The persons falling in the category of Notified Persons as per the Special Courts (Trial of Offences relating to Transactions in Securities) Act, 1992, shall not continue on the Governing Board and shall not be eligible to be elected to the Governing Board for two years from the date the person is de-notified under the said Act. [F.No. SEBI/LE/28232/01] DEVENDRARAJ MEHTA, Chairman