Financial Daily from THE HINDU group of publications
Wednesday, Feb 05, 2003
Financial Daily from THE HINDU group of publications Wednesday, Feb 05, 2003 |
|
|
|
|
|
Markets
-
Stock Exchanges SEBI asks SEs to submit scheme for demutualisation Our Bureau
MUMBAI, Feb. 4 THE Securities and Exchange Board of India (SEBI) today asked the stock exchanges to submit a scheme, together with changes in rules, bye-laws and Articles for corporatisation and demutualisation of stock exchanges on the lines of the recommendations of the Justice Kania Group. SEBI, in a circular, asked the exchanges to submit the scheme within six months for its approval. The move is aimed at expediting the process for corporatisation and demutualisation. The circular further said some of the recommendations of the group, as approved by the SEBI Board, would require legislative changes and the regulator has taken up the issue with the Union Government.
Article E-Mail :: Comment :: Syndication
|
Stories in this Section |
|
The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription Group Sites: The Hindu | Business Line | The Sportstar | Frontline | Home |
Copyright © 2003, The
Hindu Business Line. Republication or redissemination of the contents of
this screen are expressly prohibited without the written consent of
The Hindu Business Line
|