Approval of Amendments to Bye Laws / Rules of Stock Exchanges and Depositories

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..... Rules of Stock Exchanges and Depositories SEBI is receiving several references for approval of amendments to Bye Laws / Rules / Regulations of various Stock Exchanges and Depositories. It is observed that in many cases the Exchanges and Depositories are not giving objective / purpose behind such amendments. It is also not being stated as to whether such amendments necessitate further a .....

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..... be, in which these amendments are approved by the Exchanges / Depositories. (5) If any document other than Bye Laws / Rules / Regulations is sent for approval, the justification and need for forwarding same to SEBI, indicating whether it forms a part of any Bye Law or Rule or Regulation. 2. It is further observed that the Exchanges are routinely sending requests for dispen .....

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