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    Question

    ______________________ is a process by which a private,

    member-owned company, such as a co-op, or a mutual life insurance company, legally changes its structure, in order to become a public-traded company owned by shareholders
    A Corporatization Correct Answer Incorrect Answer
    B Demutualization Correct Answer Incorrect Answer
    C Reconstruction Correct Answer Incorrect Answer
    D Privatization Correct Answer Incorrect Answer
    E Restructuring Correct Answer Incorrect Answer

    Solution

    Securities Contracts (Regulation) Act: Section 2 Definitions:  (aa) “corporatisation” means the succession of a recognised stock exchange, being a body of individuals or a society registered under the Societies Registration Act, 1860 by another stock exchange, being a company incorporated for the purpose of assisting, regulating or controlling the business of buying, selling or dealing in securities carried on by such individuals or society;.

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