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Corporatisation and Demutualisation of Stock Exchanges
Definition of Corporatisation
Corporatisation is defined in the section 2(aa) of Securities Contracts (Regulation) Act, 1956.
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.
In simple words, it means the conversion of a stock exchange into a corporate organisation from its earlier non-corporate form.
Definition of Demutualisation
Demutualisation is defined in the section 2(ab) of Securities Contracts (Regulation) Act, 1956.
Demutualisation means the
segregation of ownership and management from the trading rights of the members
of a recognised stock exchange as per the scheme approved by SEBI.
List of Stock Exchanges that have been demutualised :