General Knowledge · Corporate Laws
As per Section 4A of the Securities Contracts (Regulation) Act, 1956, corporatisation and demutualisation of stock exchanges means:
- 1Merging all regional exchanges into a national exchange
- 2Allowing only government ownership in stock exchanges
- 3Separation of ownership and management from trading rights of members✓
- 4Conversion of a stock exchange into a cooperative body
Correct answer
Separation of ownership and management from trading rights of members
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