Corporatisation and demutualisation of stock exchanges

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..... ation of stock exchanges . 4A. On and from the appointed date, all recognised stock exchanges (if not corporatised and demutualised before the appointed date) shall be corporatised and demutualised .....

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..... y continue as such before such appointed date. Explanation.- For the purposes of this section, appointed date means the date which the Securities and Exchange Board of India may, by notification .....

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