REGD. NO. D. L.--33004/99 The Gazette of India
EXTRAORDINARY
PART II—Section 3—Sub-section (ii)]
PUBLISHED BY AUTHORITY
No. 884 ] NEW DELHI, THURSDAY, OCTOBER 10, 2002/ASV1NA 18, 1924
2 THE GAZETTE OF INDIA EXTRAORDINARY |PART II—SEC. 3(ii)]OTC EXCHANGE OF INDIA
NOTIFICATION
Mumbai, the 29th August. 2002
AMENDMENTS TO THE BYE-LAWS OF OTC EXCHANGE OF INDIA
(As approved by the Board of OTCEI at its meeting held on August 29. 2002 and by SEBI vide its circular letter No SMD/Policy/Cir-10/2002 dated May 7, 2002)
S.O. 1077(E).—Amendments by incorporating new clauses 2 01 (c) after clause 201 (b) in Chapter 11 and 01 (d) and 02(a) after clauses 01 (c) &. 02 in Chapter XIII or the Bye-laws
Clause 2.0l(c) of Chapter II
ln\ estors and Listed Companies
Clause 01 (il) of Chapter XIII: Failure!)} a listed company to transfer shares within the stipulated period Where a listed company Tails to transfer Ihc shares within one month from the date of lodgement or transfer request oi where the company fails to communicate to the transferee am xalid objection to the transfcrwithin one month, the ngjjncv cd pan> max applv to the Arbitration Connnillcc to inquire into and award compensation for the opportunity losses caused during the period of dcla>.
Clause 02(a) of Chapter XIII: Amount of compensation for dela> in transfer of securities
The decision of the Arbitration Committee will be final and binding on the parties concerned in respect of the amount ofconipcnsiition awarded for dclav in transfer of securities and delay in furnishing the objection memo w ithiu onq. nionth fr&"u,tlic diiic of lodccnienlof transfdrrcaucst
|No.246*'()2/L^S/l()3*
For^OTC Exchange of India
PRAVEEN MOHNOT. Managing Director and CEO