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Extraordinary Gazette of India · Government of India

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Published 27 September 1977

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Extra Ordinary
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E-1162-1977-0417-51640
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REGISTERED No. D-(D)-72

The Gazette of India

EXTRAORDINARY

PART II—Section 3—Sub-section (ii)

PUBLISHED BY AUTHORITY

No. 417] NEW DELHI, TUESDAY, SEPTEMBER 27, 1977/ASVINA 5, 1899

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 27th September, 1977

S.O. 689(E).—The Central Government, having considered the application for renewal of recognition made under section 3 of the Securities Contracts (Re- gulation) Act, 1956 (42 of 1956) read with rule 7 of the Securities Contracts (Regulation) Rules, 1957, by the Madras Stock Exchange Limited, Madras (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, recogni- tion to the Exchange, under section 4 of the said Act, for a further period of five years commencing on the 15th October, 1977, and ending with the 14th October, 1982, in respect of contracts in securities, subject to the conditions stated herein below and such other conditions as may be prescribed or imposed hereafterCONDITIONS 1 No person shall be allowed to continue as President or Vice-President of the Exchange for a period of more than three consecutive years. 2, While the existing members may be allowed to continue irrespective of their educational qualifications the new entrants shall be required to have passed (2617)

2618 T HE GAZETTE OF INDIA EXTRAORDINARY PABT II—SBC. 3(U) matriculation or an equivalent examination for acquinnjj the membership of the Exchange.

3. The Articles of Association of the Exchange shall be amended for the pur- pose aforesaid as early as possible but ]n no case later than a period of tine yeor from 15th October, 1077

LNo. F 1/1U/SE/771

A V. GANESAN, Jt. Stcy.

PRINTED BY THE GENERAL MANAGER, GOVERNMENT OF INDIA PRESS, MINTO ROAD, N£W DELHI AND PUBLISHED BY THE CONTROLLER OP PUBLICATIONS. DELHI, 1 9 77
Cite this issue. Extraordinary Gazette of India, Government of India, 27 September 1977. Indian Gazettes, https://egazette.servantsofknowledge.in/details/in.gazette.csl_extraordinary.1977-09-27.E-1162-1977-0417-51640/. Archive identifier in.gazette.csl_extraordinary.1977-09-27.E-1162-1977-0417-51640.