Election to the Governing Board of Stock Exchanges

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..... the Governing Board of Stock Exchanges 1. Whenever the Governing Board of a Stock Exchange fails to comply with the provisions of the SC(R)A, SC(R)R, Bye-laws of the Stock Exchange and/or fails to implement the Directions/Guidelines issued by SEBI from time to time, it results in failure in governance. On such occasions, in order to ensure the safety and integrity of the Stock Exchange and t .....

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..... s on the Governing Board of the Stock Exchange at the time of its supercession would not be eligible for re-election to the Governing Board of the Stock Exchange for a period of 2 years from the date of expiry of the order of supercession passed by SEBI. Further, the Stock Exchanges may provide for this disqualification in their Rules. 4. Accordingly, the Stock Exchanges are advised to - 4 .....

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