Central Government to segregate ownership and trading membership from management of stock exchanges - Whereas Vadodara stock Exchange has failed to comply with the said order within the time stipulated

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..... bai, the 17th April, 2002 S.O.439(E).- Whereas the Chairman, Securities and Exchange Board of India vide his order dated January 10, 2002, passed in exercise of powers under sub-section (1) of section 8 of the Securities Contract (Regulation) Act read with sub-section (3) of section 4 of the Securities and Exchange Board of India Act, 1992, had directed all stock exchanges to amend their Rule .....

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..... he President of the exchange. (ii) in sub-clause (c), the following proviso shall be added : Provided that no broker member of the exchange shall be the Vice-President of the exchange (iii) in sub-clause (c), the following proviso shall be added : Provided that no broker member of the exchange shall be the Treasurer of the exchange [F.No. SEBI/LE/6220/02] G N. BA .....

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