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TMI BlogCode of Conduct for Stock Exchanges and Clearing CorporationsX X X X Extracts X X X X X X X X Extracts X X X X ..... ework and good governance practices. (d) take appropriate measures towards investor protection and education of investors. (e) treat all its applicants or members in a fair and transparent manner. (f) promptly inform the Board of violations of the provisions of the Act, Securities and Exchange Board of India Act, 1992, rules, regulations, circulars, guidelines or any other directions by any of its members or issuer. (g) take a proactive and responsible attitude towards safeguarding the interests of investors, integrity of stock exchange s or clearing corporation s systems and the securities market. (h) endeavor for introduction of best business practices amongst itself and its members. (i) act in utmost good faith and shall avoid conflict o ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... interest exists or arises, whether pecuniary or otherwise, and in such cases the same shall be disclosed and recorded in the minutes of the meeting; (b) not encourage the circulation of agenda papers during the meeting, unless circumstances so require; (c) offer their comments on the draft minutes and ensure that the same are incorporated in the final minutes; (d) insist on the minutes of the previous meeting being placed for approval in subsequent meeting; (e) endeavour to have the date of next meeting fixed at each governing board meeting in consultation with other members of the governing board; (f) endeavour to ensure that in case all the items of the agenda of a meeting were not covered for want of time, the next meeting is held within ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... istance in strategic planning and execution of decisions. 4. Regulatory compliances. Every director of the recognised stock exchange and recognised clearing corporation shall- (a) ensure that the recognised stock exchange or recognised clearing corporation abides by all the applicable provisions of the Securities and Exchange Board of India Act, 1992, Securities Contracts (Regulation) Act, 1956, the Depositories Act, 1996, rules and regulations framed thereunder and the circulars, directions issued by the Board from time to time; (b) ensure compliance at all levels so that the regulatory system does not suffer any breaches; (c) ensure that the recognised stock exchange or recognised clearing corporation takes steps commensurate to honour th ..... X X X X Extracts X X X X X X X X Extracts X X X X
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