Continuity of SEBI Nominee Directors

Apr 02, 1997
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Circulars

SECURITIES AND EXCHANGE BOARD OF INDIA
SECONDARY MARKET DEPARTMENT
Mittal Court, A Wing, Gr. Floor,
224, Nariman Point, Mumbai 400 021

SMD/POLICY/CIR/4-97
April 02, 1997

The Executive Directors/Managing Directors
of all Stock Exchanges

Dear Sir,

Sub : Continuity of SEBI Nominee Directors

SEBI has received queries from some Stock Exchanges regarding continuity of a SEBI Nominee Director in the event of his transfer/retirement.

In this connection, it is to be informed that a SEBI Nominee Director will continue as such, till the time a new person is nominated in his place by SEBI, irrespective of his transfer/retirement.

This clarification may also please be circulated to all the SEBI Nominee Directors in your
Governing Board/Council of Members for their information.

Thanking you,

Yours faithfully,
 
 
 

NAGENDRA PARAKH
DIVISION CHIEF
SECONDARY MARKET DEPARTMENT

cc to

a] Chairman’s Secretariat
b] All Executive Directors, Divisions Chiefs and Regional Managers of SEBI
c] All SEBI Nominee Directors on the Board of Exchanges
d] All Division Chiefs are requested to circulate among all their officers

 

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