UP brokers move court against SEBI norms for RSEs

The UPSE board had called for a meeting on September 15 to decide on implementing the new norms Promoters and members of the Uttar Pradesh Stock Exchange (UPSE) have moved court against the Securities and Exchange Board of India (Sebi) for prescribing stringent norms for regional stock exchanges (RSEs). The Allahabad High Court has admitted a petition filed by the UP Brokers Forum and cautioned the UPSE board against passing any resolution in the matter till a final decision is arrived.



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