The Gazette of India
EXTRAORDINARY
PART II—Section 3—Sub-section (ii)
PUBLISHED BY AUTHORITY
No. 410] NEW DELHI, FRIDAY, SEPTEMBER 15, 1972/BHADRA 24, 1894
Separate paging is given to this Part in order that It may be filed
as a separate compilation.
MINISTRY OF FINANCE (Department of Economic Affairs) (Stock Exchange Division) NOTIFICATION New Delhi, the 14th September 1972
S.O. 598 (E).—The Central Government, having considered the application for renewal of recognition made under section 3 of the Securities Contracts (Regula- tion) Act, 1956 (42 of 1956) read with rule 7 of the Securities Contracts (Regu- lation) Rules, 1957, by the Ahmedabad Share and Stock Brokers' Association, Ahmedabad (hereinafter referred to as the Exchange) and being satisfied that it would (be in the interest of the trade and also in the public interest so to do, hereby grants, in exercise of the powers conferred by section 4 of the said Act. recognition to the Exchange, under section 4 of the said Act, for a further period of five years commencing on the 16th September, 1972, and ending with the 15th September, 1977, in respect of contracts in securities, subject to the conditions stated herein below and such other conditions as may be prescribed or imposed hereafter:
Conditions
(1) The rules of the Exchange shall be suitably amended to give effect to the following, namely:—
(a) the President and Vice-President of the Exchange shall be nominated by the Central Government from among those elected as members- of the governing board through the normal process of the rules of the Exchange;
X636 T i fE GAZETII-. Oh INDIA HXTRAORDINARY [PART II—SEC. 3(iiJ](2) The rules of the Exchange shall be amended for the purposes aforesaid. as oarly as possible but in no caxo Jatcr than a pciiod of one yeai from the 16th iict.tember, lri72.
[No. F.1/12/SE/72.] R. M. BHANDARI, Jt. Scry.