If the stock exchange fails to submit the scheme of corporatization and demutualization or the scheme submitted is rejected by SEBI, then the central government can
Section 5(2) of SCRA - Where the recognised stock exchange has not been corporatised or demutualised or it fails to submit the scheme referred to in sub-section (1) of section 4B within the specified time therefor or the scheme has been rejected by the Securities and Exchange Board of India under sub-section (5) of section 4B, the recognition granted to such stock exchange under section 4, shall, notwithstanding anything to the contrary contained in this Act, stand withdrawn and the Central Government shall publish, by notification in the Official Gazette, such withdrawal of recognition Provided that no such withdrawal shall affect the validity of any contract entered into or made before the date of the notification, and the Securities and Exchange Board of India may, after consultation with the stock exchange, make such provisions as it deems fit in the order rejecting the scheme published in the Official Gazette under sub-section (5) of section 4B
Statements:
All charts are graphs.
Some graphs are data.
Some data are details.
Conclusions:
I. Some graphs a...
Statements:
Only a few Black is Grey.
Only Grey is White.
Some Black is Blue.
Conclusions:
No Blue being White is...
Read the given statements and conclusions carefully. Assuming that the information given in the statements is true, even if it appears to be at varianc...
Among P, Q, R, S and T whose salary is the highest?
I. Combined salary of P and Q is more than the combined salary of R and S but T’s salar...
Read the given statements and conclusions carefully. Assuming that the information given in the statements is true, even if it appears to be at varianc...
Statements:
No key is a lock.
All locks are doors.
All windows are doors.
All windows are walls.
Conclusions:
In the following question below are given some statements followed by some conclusions based on those statements. Taking the given statements to be tru...
Statements:
Only a few Cloud are Rain.
Some Rain are Rainbow.
Only Rainbow are Sky .
No rain is a Universe.
Conclusio...
Statements:
All Shark are Fish.
No Fish is a Whale.
Some Whale are Dolphin.
Conclusion:
Some Whale are Sharks i...
Statement:
Only a few A are C
All A are B
Conclusion:
I. Some C are not B...