Business Studies · Securities Contracts (Regulation) Act, 1956
Under Section 7A of the Securities Contracts (Regulation) Act, 1956, rules restricting members' voting rights or proxy voting become effective only after:
- 1Majority vote of stock exchange members
- 2Central Government approval and publication in the Official Gazette✓
- 3Resolution by the governing body
- 4SEBI approval
Correct answer
Central Government approval and publication in the Official Gazette
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