Cochin Stock Exchange Ltd. has pursuant to the said statutory order amended some of its Articles of Association and SEBI vide its order dated January 5, 1994. - G.S.R. No.763(E) - SEBI/SMD/II/3/93 - SEBI

SECURITIES AND EXCHANGE BOARD OF INDIA NOTIFICATION Bombay, the 14th October, 1994 G.S.R. 763(E).- Whereas in exercise of the powers conferred by sub-section (1) of section 8 of the Securities Contracts (Regulation) Act, 1956 (42 of 1956) (hereinafter referred to as the Act ) the Securities and Exchange Board of India (hereinafter referred to as SEBI ) by an order dated 20th April 1993 (hereinafter referred to as the statutory order ) directed the stock exchanges mentioned in the Schedule thereto to amend their respective Rules Articles of Association, lo provide for certain matters with a view to protect the interest of the investors and to promote the development of and to regulate the securities markets and in particular the stock exchanges; And Whereas the Cochin Stock Exchange Ltd., a recognised stock exchange having its registered office at Veekshanam Road, Erankulam, Cochin-682 035, (hereinafter referred to as Cochin Stock Exchange ) was also required by the said statutory order to take steps to amend its Articles of Association to provide for matters mentioned therein ; And whereas the Cochin Stock Exchange Ltd. has pursuant to the said statutory order amended some of its Articles of Association and SEBI vide its order dated January 5, 1994 had made certain amendments to Articles 105,106 (iii)(b) and 130(a) (b) of the Articles of Association of the Exchange which were published in part 11-Section 3 sub-section (ii) of the Gazette of India, Extraordinary dated January 11, 1994. The Cochin Stock Exchange Ltd has, however, failed to amend Article 115 of the Articles of Association to provide for the matter specified in clause 4 of the said statutory order and thereby failed to comply with the said statutory order within the specified period of six months; Now therefore, pursuant to the powers delegated to SEBI under Section 29A of the Act, and in exercise of the powers conferred by sub-section (2) of section 8 of the Act in particular and also in exercise of the powers conferred by Section 11 of the Securities and Exchange Board of India Act, 1992 (15 of 1992), SEBI hereby makes the following amendments to Article 115(1), 115(2) and 115(3) of the Articles of Association of the Cochin Stock Exchange as proposed in the said statutory order. (3) Article 115 In clauses (1), (2) and (3) of the above Article delete the word elected between the words The and members at the beginning of the clause. II. The above amendment to the Articles of Association shall come into force from the-date of their publication in the Official Gazette as if the same have been amended by the Cochin Stock Exchange Ltd. [SEBI/SMD/II/3/93] S. S. NADKARNI, Chairman