Governing norms of Self Regulatory Organization

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..... rms and articles consistent with the provisions of the Act and these regulations. (2) In particular, and without prejudice to the generality of the foregoing power, the governing norms or articles may provide for:- (i) eligibility criteria for admission and removal of members from Self Regulatory Organization; (ii) manner and the periodicity of furnishing information to the Board and to i .....

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..... to the business as Board of Directors may require; (ix) manner of disciplinary action against its members by Self Regulatory Organization; (x) contents and format of the annual report; (xi) procedure for conduct of the meetings, quorum etc of Board of Directors; (xii) manner of maintaining accounts or records of the Self Regulatory Organization; and, (xiii) reporting requirements to .....

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..... or to amend or revoke any of them within such period as it may specify in this behalf. (5) If a Self Regulatory Organization fails or neglects to comply with such order within the specified period, the Board may make, amend or revoke the governing norms either in the form specified in the order or with such modifications as the Board may think fit. - - statute, statutory provisions legislat .....

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