Committee of Governing Board of Stock Exchanges For Monitoring Compliance of SEBI Inspection Report - SEBI - SMD/Policy/Cir- 20/2002

Circulars DEPUTY GENERAL MANAGER SECONDARY MARKET DEPARTMENT E-Mail: paragj@sebi.gov.in SMD/Policy/Cir- 20/2002. September 3, 2002 To, The Executive Directors/Managing Directors All the Stock Exchanges. Dear Sir/Madam, Sub: Committee of Governing Board of Stock Exchanges For Monitoring Compliance of SEBI Inspection Report. It has been decided that a sub committee of the Governing Board of the Stock Exchanges should be formed to review the actions taken to implement the suggestions of SEBI s Inspection Reports. Accordingly, you are advised to form a sub committee of your governing board consisting of the following members: Executive Director / Managing Director Two Public Representatives One SEBI Nominee One Broker Representative The sub-committee should meet at least twice each quarter to review the actions taken to implement the SEBI s Inspection Reports. Sub-committee s reports should be put up to the Board of the exchange. All compliance reports sent to SEBI by the exchange in respect of inspections should be approved by the sub-Committee. Yours faithfully, PARAG JAIN