The Gazette of India
EXTRAORDINARY
PART II—Section 3—Sub-section (ii)
PUBLISHED BY AUTHORITY
No, 52] NEW DELHI, MONDAY, FEBRUARY 6, 1978/MAGHA 17, 1899
Cfc THE G A Z E T T ED frJDIAj EXTRAORDINARY [PART H—SEC. 3(ii)]MINISTRY OF FINANCE
(Department of Economic Affairs)
~ "
(Stock Exchange Division)
NOTIFICATION
New Delhi, the 6th Februaiy, 1978
S. O. 66 (E).—Ihc Central Government, having considered the application for renewal of recognition made under section 3 of the Securities Contracts (Regulation) Act, 1956 (42 of 1956) read with rule 7 of the Securities. Contracts (Regulation) Rules, 1957, by the Bangalote Stock Exchange Limited, Bangalore (hereinafter lefcired to as the Exchange) and being satisfied that it would be in the interest of the Li tide mid also in the public interest TO to do, hereby giants, in exercise of the powers conferred by section 4 of the said Act, for a. further peuod of five years commencing on the 16th February, 1978, and ending with the 15th February, 19R3, in respect of conliacts in secuiities, subject to the conditions stated herein below and euch other conditions as may be prescribed or imposed hereafter.
CONDI i'lONS
(1) No peieion shall be allowed to continue us President or Vice President
of the Exchange for a period of mote than three consecutive yeats.
(2) While the existing mcmbeia may be allowed to continue inrcspective of their educational qualifications the new entrants shall be required to have passed matriculation or an equivalent examination for acquiring the membership of the Exchange.
. 2, The Articles of Association of Ihe Exchange shall be amended for the pur- pose aforesaid as early ns possible but in no case later than a period of one year from 16th February, 1978.
[No. F. 1/28/SE/77] A. V. GANESAN, Jt. Secy.