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