March 04, 2014
PR No. 021/2014
EXIT ORDER IN RESPECT OF MANGALORE STOCK EXCHANGE LIMITED
SEBI vide Circular dated May 30, 2012 had issued the Guidelines for exit of stock exchanges This contained details
of the conditions for exit of de-recognised/non-operational stock exchanges interalia including treatment of
assets of de-recognised/non-operational exchanges and a facility of dissemination Board for companies listed exclusively on
such exchanges, while taking care of the interest of Investors.
Whole Time Member, SEBI, has passed an Order on March 03, 2014 providing the exit to Mangalore Stock
Exchange Limited (MGSE). MGSE is the fourth Stock Exchange to exit under this policy.
Further, the Income Tax Authorities and the State Government of Karnataka are being intimated about the exit of
MGSE, for appropriate action at their end.
Mumbai
March 04, 2014
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