Amendment to clause 01 of Chapter II of the Bye-laws. - S.O. No.754(E) - SEBI

SECURITIES AND EXCHANGE BOARD OF INDIA IN RESPECT OF THE BYE-LAWS OF OTC EXCHANGE OF INDIA Mumbai, the 31st July, 1998 NOTIFICATION S.O.754(E).- Amendment to clause 01 of Chapter II of the Bye-laws.- 01. The OTC Committee shall be appointed by the Board of Directors with a total strength of 15 members and shall comprise of : (a) The Managing Direct Director of OTC Exchange of India; (b) The Chief General Manager/Chief Operating Officer of OTC Exchange of India as an alternate to the Managing Director; (c) Not more than 7 representatives of Promoter Institutions and Independent Members; (d) Not more than 7 representatives of Members/Dealers, as may be decided by the Board from time to time. Amendment to Bye-laws by addition of clause 06 to Chapter II for creation, constitution, re-constitution and revocation of sub-committees.- 06. The board of Directors, may from time to time create, constitute, re-constitute, revoke sub-committees, statutory or otherwise, and take any other decisions with regard to the same on a case to case basis, to provide guidance, comments and suggestions for the day-to-day functioning of the Exchange, The quorum and responsibilities of the sub-committees will be determined by the Board of Directors. [OTC : L S : 093 : 98] For OTC Exchange of India JOSEPH H. BOSCO, Managing Director