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SEBI has revised its framework regarding ‘fit and proper’ criteria for stock exchanges and other market infrastructure institutions, whereby any direction passed against such institutions will not affect their operations. The new rules are aimed at separating the role of an individual from such institutions. Fit and proper person criteria will apply to the applicant, stock exchange, clearing corporation, depository, their shareholders, directors and key management personnel at all times. Further, such Market Infrastructure Institutions (MIIs) will have to ensure that all its shareholders, directors and key management personnel are fit and proper persons at all times. If any director or key management personnel of a MII is not deemed to be fit and proper, such entities will have to replace such a person within 30 days from the date of such disqualification, failing which the fit and proper person criteria may be invoked against the MII.
The prime objective of the SEBI Act,1992 is to protect the interests of
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Writ Jurisdiction powers have been conferred on Supreme Court under Art/s________?
Whoever intentionally puts any person in fear of any injury to that person, or to any other, and thereby dishonestly induces the person so put in fear t...
How many criminal courts are constituted under Crpc?
The purpose of Indian Evidence Act, 1872 as set out in Preamble is
According to Section 82 of the Social Security Code, no claim for compensation shall entertained by a competent Authority unless ______ .
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______________________ is a process by which a private, member-owned company, such as a co-op, or a mutual life insurance company, legally changes its s...
Things done in private defence ___________________