TMI BlogAmendment in Articles of Association the Cochin Stock Exchange Ltd.X X X X Extracts X X X X X X X X Extracts X X X X ..... (1) of section 8 of the Securities Contracts (Regulation) Act, 1956 (42 of 1956) (hereinafter referred to us the Act ) the Securities and Exchange Board of India (hereinafter referred to as SEBI) by and 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 Associ ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... tatutory 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 o ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... proviso shall be inserted after clause (iv) in Article 106 as follows :- Provided that where a person has been a member elected for two consecutive terms on the Council of Management, he shall not oiler himself for re-election for a further period of two years. (3) Article 130- In Article 130 as recently amended the following substitutions and addition shall be made :- A. (i) ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... hall be nominated from persons other than members of the Exchange with the prior approval of the Board. The above amendments 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. Dated at Bombay this 11 th day of January, 1994. [F. No. 1/173/SE/93] G. V. RAMAK ..... X X X X Extracts X X X X X X X X Extracts X X X X
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