Approval for amendment to bye-law No. 228(3) of the bye-laws of the Uttar Pradesh Stock Exchange Association Ltd.

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... (hereinafter referred to as SEBI ) vide circular No. SMD/POLICY/Cir-6/03 dated February 12, 2003 advised the Stock Exchanges to shorten the settlement cycle from T+3 rolling settlement to T+2 rolling settlement with effect from April 1, 2003 and in response to the said circular, SEBI has received a proposal from Uttar Pradesh Stock Exchange Association Ltd. (hereinafter referred to as the Exchang .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... ndment should be made immediately for effective implementation of T+2 rolling settlement in the Exchange. Therefore, in exercise of the powers conferred under Sub-section (4) of Section 9 of the Securities Contracts (Regulation) Act, 1956, SEBI hereby dispense with the condition of previous publication of the bye-law as approved above. [No. G/E/01/NRO] G.N. BAJPAI, Chairman - Noti .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X