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Wednesday, Sep 10, 2003

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CSE to seek more time to reply to SEBI notice

Our Bureau

Kolkata, Sept. 9

A RECENT notice of the Securities and Exchange Board of India (SEBI), served under Section 11(1) of the Securities Contract (Regulation) Act, 1956, on the Committee of the Calcutta Stock Exchange, pointing out various deficiencies in the management of the exchange, and failure to implement SEBI's directives in a timely manner, was placed before the CSE Committee at its meeting here on Tuesday. The committee members have decided to seek time to respond to the SEBI notice.

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