Question
What are the number of directors that the Board may
appoint on the governing board of recognized stock exchange or recognized clearing corporation?Solution
Regulation 23A of Securities Contracts (Stock Exchanges and Clearing Corporations) Regulations 2018 Nominees of the Board on the governing board of a recognised stock exchange and recognised clearing corporation - The Board may appoint one or more persons not exceeding three in number, as director(s) on the governing board of any recognisedstock exchange or recognised clearing corporation and such director(s) shall enjoy the same status and power as the other directors of the governing board.
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