EXIT ORDER IN RESPECT OF UTTAR PRADESH STOCK EXCHANGE LTD (UPSE)
Whole Time Member, SEBI, has passed an Order on June 09, 2015 providing the exit to Uttar Pradesh Stock Exchange Limited (“UPSE”). UPSE is the Fifteenth Stock Exchange to exit under this policy.
SEBI vide Circular dated May 30, 2012 had issued the Guidelines for exit of stock exchanges. This contained details of the conditions for exit of de-recognised/non-operational stock exchanges interalia including treatment of assets of de-recognised/non-operational exchanges and a facility of Dissemination Board for companies listed exclusively on such exchanges, while taking care of the interest of Investors.
Further, the Income Tax Authorities, Ministry of Corporate Affairs and the State Government of Uttar Pradesh are being intimated about the exit of UPSE, for appropriate action at their end.
The full text of the order is available on the sebi website: www.sebi.gov.in
Mumbai- June 09, 2015
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EXIT ORDER IN RESPECT OF MADHYA PRADESH STOCK EXCHANGE LTD (MPSE)
Whole Time Member, SEBI, has passed an Order on June 09, 2015 providing the exit to Madhya Pradesh Stock Exchange Limited (“MPSE”). MPSE is the sixteenth Stock Exchange to exit under this policy.
SEBI vide Circular dated May 30, 2012 had issued the Guidelines for exit of stock exchanges. This contained details of the conditions for exit of de-recognised/non-operational stock exchanges interalia including treatment of assets of de-recognised/non-operational exchanges and a facility of Dissemination Board for companies listed exclusively on such exchanges, while taking care of the interest of Investors.
Further, the Income Tax Authorities, Ministry of Corporate Affairs and the State Government of Madhya Pradesh are being intimated about the exit of MPSE, for appropriate action at their end.
The full text of the order is available on the website: www.sebi.gov.in
Mumbai- June 09, 2015
