Central Government to segregate ownership and trading membership from management of stock exchanges; and Whereas Hyderabad Stock Exchange Limited has failed to comply with” the said order within the time stipulated.

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... ATION Mumbai, the 17th April, 2002 S.O.434(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 Contracts (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 a .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... ided that no broker member of the exchange shall be the President of the exchange. (b) in clause (iii), the following proviso shall be added: Provided that no broker member of the exchange shall be the Vice President of the exchange. [F.No. SEBI/LE/6212/02] G.N. BAJPAI Chairman - Notification Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindi .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X