THE GAZETTE OF INDIA: EXTRAORDINARY

[PAKTH—SEC. 3©]'

SECURITIES AND EXCHANGE BOARD OF INDIA

NOTIFICATION

Mumbai. the 17th April, 2002

S.O, 435(E).—Whereas the Chairman, Securities and Exchange Board of India vide his order dated January ID,

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

amend their Rules, Articles etc. within a period of two months to give effect to the policy decision taken by the Securities

and Exchange Board of India and the Central Government to segregate ownership and trading membership from management

of stock exchanges; and

Whereas Jaipur Stock Exchange Limited has failed to comply with the said order within the time stipulated therein.

Now, in exercise of thepowers conferred by sub-section (2) of Section 8 of Securities Contracts (Regulation) Act,

1956, the Securities and Exchange Board oflndia hereby makes the following amendments to the Articles of Association of

Jaipur Stock Exchange Limited, namely:—

In Article 74,

(i)

in clause (a), the following proviso shall be added:

"Provided that no broker member of the exchange shall be the President of the exchange.'

(n)

in 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 clause (e), the following proviso shall be added

"Provided mat no broker member of the exchange shall be the Treasurer of the exchange."

[F. No. SEBI/LE/6213/02]

G. N. BAJPAI, Chairman

Printed by this Manager, Oovt. of India Proas, Ring Road, Maynpuri, New Delhi-110064

and Published by the Controller of Publications, Delhi-110054.