The Gazette of India
EXTRAORDINARY
PART II—Section 3—Sub-section (ii)
PUBLISHED BY AUTHORITY
No. 422] NEW DELHI, MONDAY, SEPTEMBER 11, 1978/BHADRA 20, 1900
Separate paging is given to this Part in order that it may be filed as a separate compilation
(1061)
60S GI/7S
1062 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3 (101MINISTRY OF FINANCE
(Department of Economic Affairs)
Stock Exchange Division
NOTIFICATION
New Delhi, the 11th September, 1978
S.O. 553(E).—The Central Government having considered the application for renewal of recognition made under section 3 of the Securities Contracts (Regu- lation) Act, 1956 (42 of 1956) read with rule 7 of the Securities Contracts (Regulation) Rules, 1957, by the Hyderabad Stock Exchange Ltd., Hyderabad (hereinafter referred to as the Exchange) and being satisfied that it would fe in the interest of the trade and also in the public interest so to do, hereby giants, 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 29th September, 1978 and ending with the 28th September, 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 :
CONDITIONS
(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 matriculation or an equivalent examination for acquiring the membership of the Exchange.
2. The Articles of Association 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 29th September, 1978.
[No. F. l/23/SEi78] A. V. GANESAN, Joint Secy.