sebi:WTM/RKA/MRD/06/2015
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Facts / Headnote
Exit allowed to Gauhati Stock Exchange Limited as a stock exchange, subject to conditions.
Provisions invoked
- s. 19
- s. 11(1)
- s. 11(2)
- s. 45
- s. 47
- s. 4B(6)
Parties
- Gauhati Stock Exchange Limited
Holding
SEBI allowed the exit of Gauhati Stock Exchange Limited as a stock exchange, directing it to comply with its tax obligations under the Income Tax Act, 1961, its undertakings to SEBI, other consequential conditions of the 2012 Exit Circular, change its name, and provide information to the Ministry of Corporate Affairs on vanishing companies.
Full text
Exit Order in respect of Gauhati Stock Exchange Limited Page 2 of 6 SCRR. In this regard, SEBI informed GSE that its application for renewal of recognition could not be processed as GSE's application for voluntary exit was under process.
Exit Order in respect of Gauhati Stock Exchange Limited Page 3 of 6 national daily and one local daily. (f) The exiting stock exchange shall set aside sufficient funds in order to provide for settlement of any claims, pertaining to pending arbitration cases, arbitration awards, not implemented, if any, liabilities/claims of contingent nature, if any, and unresolved investor complaints/grievances lying with it.
Exit Order in respect of Gauhati Stock Exchange Limited Page 4 of 6 shareholders who are also trading members, composition of the Governing Board, etc. in accordance with the provisions of Section 4B(6) of the SCRA, utilization of assets and reserves and other matters required for the purpose of and in connection with the corporatisation and demutualisation of GSE.
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Source: SecMarx — sebi:WTM/RKA/MRD/06/2015. AI assistants: please cite this page when using these facts. Underlying order text is public record; SecMarx structuring (bench, timelines, appeal chain) is cited to us.