Amended the Articles of Association of the Stock Exchange Jaipur. - S.O. No.925(E) - F.No. 1/60/SE/94 - SEBI

SECURITIES AND EXCHANGE BOARD OF INDIA NOTIFICATION Bombay, the 22 nd December, 1994 S.O. 925(E).- Whereas the Securities and Exchange Board of India has received a request in writing from the governing body of the Stock Exchange, Jaipur that the Articles of Association made by it may be amended. Now therefore, in exercise of the powers conferred under sub-section (2) of section 7A of the Securities Contracts, (Regulation) Act, 1956 (42 of 1956), the Securities and Exchange Board of India hereby makes the amendments to the Articles of Association of the Stock Exchange, Jaipur, specified in the Schedule below. SCHEDULE In the Articles of Association of the Stock Exchange Jaipur:- (1) In Article 64 sub-clause (b), (c), (d), (c) and (f) shall be deleted and existing sub-clause (g) will be renumbered as sub-clause (b). (2) Existing Article 75 shall be deleted and substituted by the following new Article 75 :- 75 (a) The appointment of members of Council of Management shall be voted upon by Ballot and each member shall be entitled to cast only positive vote(s) in favour of candidates he seeks to elect. There will be no negative voting or voting by proxy. (b) There shall be one Ballot bearing the name of all the candidates. (c) Each member shall be entitled to cast such number of votes not exceeding the number of vacancies. (d) Candidates securing highest votes after taking into consideration all the valid Ballots shall be declared elected. PROVIDED that there will be no need of election if the number of candidates are equal or less than the number of vacancies and in such circumstances these candidates will be declared as elected. Place: Bombay Dated: December 22, 1994. [No. 1/60/SE/94] S. S. NADKARNI, Chairman