Sebi allows LLPs to get stock exchange membership
PrintListen to this Article
Market regulator Securities and Exchange Board of India (SEBI), on Wednesday, allowed Limited Liability Partnerships (LLPs), a hybrid between a partnership firm and company, to get membership of stock exchanges in the country.
LLP is a corporate business vehicle that provides benefits of limited liability to its partners such that one partner is not responsible for another partner’s misconduct or negligence.
“A limited liability partnership...shall also be eligible to be elected as a member of stock exchange,” SEBI said in a notification. As per the norms, only those LLPs would be eligible for membership on the bourses that have complied with the financial requirements, and its designated partners are not disqualified from being members of stock exchanges. (The Hindu)
Category : Shares & Stock | Comments : 0 | Hits : 363
NSE will introduce four indices from April 8 in both the cash and derivatives segments. These include Nifty Tata Group 25 per cent Cap, Nifty 500 Multicap India Manufacturing 50:30:20, Nifty 500 Mu...
Investment firm BlackRock Inc's equity holding has surpassed the five per cent level in renewable energy solution provider Suzlon Energy with the acquisition of about 24.73 lakh shares. &...
NSE plans to extend F&O trading hours
The National Stock Exchange (NSE) is looking to increase trading hours in the equity derivatives segment in a phased manner, a move that will potentially curtail the overnight risk arising from global...
Comments