Power of recognised stock exchange to make rules restricting voting rights, etc.

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..... wing matters, namely :- (a) the restriction of voting rights to members only in respect of any matter placed before the stock exchange at any meeting; (b) the regulation of voting rights in respect of any matter placed before the stock exchange at any meeting so that each member may be entitled to have one vote only, irrespective of his share of the paid-up equity capital of the stock exchan .....

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..... have been validly made, notwithstanding anything to the contrary contained in the Companies Act, 1956 (1 of 1956). ] *********** 1 Inserted by Securities Contracts (Regulation) Amendment Act, 1959 (Act No. 49 of 1959), Sec 2, w.e.f. 08-12-1959. 2 Powers are exercisable by SEBI also vide S. O. 672 (E), Dated 13-09-1994, published in the Gazette of India, Extra., Pt. II, Section 3 (i .....

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