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Section 26

Securities Contracts (Regulation) (Stock Exchanges and Clearing Corporations) Regulations, 2018 Last amended on June 04, 2019Central Regulations · 1956

(1) Every director of a recognised stock exchange and a recognised clearing corporation shall abide by the Code of Conduct specified under Part- A of Schedule- II of these regulations.

(2) Every director and key management personnel of a recognised stock exchange and a recognised clearing corporation shall abide by the Code of Ethics specified under Part- B of Schedule- II of these regulations.

(3) Every director and key management personnel of a recognised stock exchange and a recognised clearing corporation shall be a fit and proper person as described in regulation 20.

(4) The Board may, for any failure by the directors to abide by these regulations or the Code of Conduct or Code of Ethics or in case of any conflict of interest, either upon a reference from the recognised stock exchange or the recognised clearing corporation or suo motu, take appropriate action including removal or termination of the appointment of any director, after providing him a reasonable opportunity of being heard.

Compensation and tenure of key management personnel

Where this provision sits

ActSecurities Contracts (Regulation) (Stock Exchanges and Clearing Corporations) Regulations, 2018 Last amended on June 04, 2019
Section26
JurisdictionCentral
StatusIn force as published by the source

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