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The Gazette of India

EXTRAORDINARY

PART II—Section 3—Sub-section (ii)

PUBLISHED BY AUTHORITY

No. 382] NEW DELHI, THURSDAY, AUGUST 10,1978/SRAVANA19, 1900

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 8th August, 1978S.O 499(E).—The 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 Madhya Pradesh Stock Exchange, Indore (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 (971) 499 GI/78

further period of five years commencing on the 24th December, 1978 and ending with the 23rd December, 1983, in respect of contracts in securities, subject to the conditions stated herein below and such other conditions as may be prescribed or imposed hereafter :

(2) While the existing members may be allowed to conti- nue irrespective of their educational qualifications, the new entrants shall be required to have passed matriculation or an equivalent examination for ac- quiring the membership of the Exchange.

CONDITIONS

2. The Rules of the Exchange shall be amended for the purpose aforesaid as early as possible but in no case later than a period of one year from 24th December, 1978.

(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.

[No. F. 1/22/SE/78] A. V. GANESAN, Jt. Secy.