| Amendment to Bye-laws of the Exchange pursuant to SEBI Circular dated July 16, 2015 |
Members of the Exchange are hereby informed that amendments have been carried out in the Bye-laws of the Exchange pursuant to SEBI Circular No. CIR/MRD/DP/15/2015 dated July 16, 2015 as follows:
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Sr. No.
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Old Bye-law
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Amended Bye-law
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1
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Bye-law 5(e), Chapter VII
The decision of the Exchange to annul the trade(s) or reset the price of the trade(s) shall be final and binding on all the parties concerned, and the Exchange shall not be liable for any losses/liabilities arising out of such action(s).
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Bye-law 5(e), Chapter VII
The decision of the Exchange to annul the trade(s) or reset the price of trade(s) is subject to review, on the request of the aggrieved party, by the Independent Oversight Committee on “Trading and Surveillance function” of the Exchange. The Exchange, in any case, shall not be liable for any losses/liabilities arising out of annulment of the trade(s) or resetting of the price of the trade(s).
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Members are requested to take note of the above amendments in the Bye-laws of the Exchange. The said Bye-law has come into force with effect from January 06, 2018, being the date of notification in the Gazette of India.
The amended Bye-laws are available under the caption “Rules, Bye-laws and Regulations of the Exchange” at the following link:
http://www.bseindia.com/members/downloads.aspx?expandable=9
Shailesh Jain Aditi Mukherjee
Deputy General Manager Manager
January 12, 2018
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