Composition of the governing board

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... ised clearing corporation shall include: (a) shareholder directors; (b) public interest directors; and, (c) managing director. (2) Subject to prior approval of the Board, the chairperson shall be elected by the governing board from amongst the public interest directors. (3) The number of public interest directors shall not be lesser than the number of shareholder directors in a recognised sto .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... on. (8) Atleast one public interest director shall be present in the meetings of the governing board to constitute the quorum. (9) No foreign 1[portfolio] investor shall have any representation in the governing board of a recognised stock exchange or a recognised clearing corporation. (10) Every recognised stock exchange shall ensure compliance with the provisions of this regulation within thre .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X