REGD. NO. D. L.-33004/99
The Gazette of India
EXTRAORDlNARY
PART II-Section 3—Sub-section (ii)
PUBLISHED BY AUTHORITY
No. 367]
NEW DELHI, WEDNESDAY, APRIL 17, 2002/CHAITRA 27,1924
1269 GI/2002
(1)
REGD. NO. D. L.-33004/99
The Gazette of India
EXTRAORDlNARY
PART II-Section 3—Sub-section (ii)
PUBLISHED BY AUTHORITY
No. 367]
NEW DELHI, WEDNESDAY, APRIL 17, 2002/CHAITRA 27,1924
1269 GI/2002
(1)
2
THE GAZETTE OF INDIA : EXTRAORDINARY
[PARI H—SEC. 3(ii)]
SECURITIES AND EXCHANGE BOARD OF INDIA
NOTIFICATION
Mumbai, the 17th April, 2002
S.0.439(E).—Whereas the Chairman, Securities and Exchange Board of India vide his order dated Jajiuary 10,
2002, passed in exercise of powers under sub-section (1) of section 8 of the Securities Contract (Regulation) Acfftad 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 Vadodara stock Exchange has failed to comply with the said order within the time stipulated therein,
Now, in exercise of the powers conferred by sub-section (2) of section 8 of the Securities Contracts (Regulation)
Act, 1956, the Securities and Exchange Board of India hereby makes the following amendments to the Articles of Association
of Vadodara Stock Exchange, namely :—
In Article 115, in clause (1)
(i) • in sub-clause (a) the following proviso shall be added :
"Provided that no broker member of the exchange shall be the President of the exchange."
(ii)
in sub-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 sub-clause (c), the following proviso shall be added :
"Provided that no broker member of the exchange shall be the Treasurer of the exchange "
[F.No.SEBI/LE/6220/02]
G N. BAJPAJ, Chairman
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