REGD NO.

D.L.-33004/99

The Gazette of India

EXTRAORDINARY

PART II—Section 3—Sub-section (ii)

PUBLISHED BY AUTHORITY

No.

903]

NEW DELHI, FRIDAY, OCTOBER 18, 2002/ASVINA 26, 1924

3230 GI/2002

( I )

2

THE GAZETTE OF INDIA EXTRAORDINARY

|PART

11—SEC.

3(ii)]

OTC EXCHANGE OF INDIA

NOTIFICATION

Mumbai. the 29lh 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 2.01 (b) in Chapter 11 and 01 (d) and

02(a) after clauses 01(c)& 02 in Chapter XIII of the Bye-laws

Clause 2.01 (c) of Chapter II

Investors and Listed Companies

Clause 01(d) of Chapter XIII: Failure In a listed company to transfer shares within the stipulated period

Where a listed company fails to transfer the shares w ithin one month from the date of lodgement of transfer

requestor where the company fails to communicate to the transferee any valid objection to the transfer within one month,

the aggnc\ cd party may applv to the Arbitration Committee to inquire into and award compensation for the opportunity

losses caused during the period of delay

Clause 02(a)of Chapter XIII: Amount of compensation for delay in transfer of securities

The decision of the Arbitration Committee will be final and binding on the parties concerned in respect of the

amount of compensation awarded for delay in transfcrofsccuritics and delay in furnishing the objection memo within one

month fr§ua tbfi d.ife of lodgement of transfer-request.

|No.2468/02/L&S/103J

For OTC Exchange oflndia

PR A VEEN MOHNOT. Managing Director and CEO

I'imted h\ the Manager dm* ol lm

ress. Ring Road

\la\.ipuu Ncu Oflhi-1 10064

ami Published b\ the C

Her ol Publications Delhi-1 10054