A resolution to this affect will be considered at an extra ordinary general (EGM) meeting to be held on July 30. Certain changes will also be announced in the management structure at the EGM.
As per a Securities and Exchange Board of India (Sebi) order, all stock exchanges are required to change their constitutions by July 30, 2003.
According to Chandrakant Upadhyay, executive director of SKSE, the entire structure of the exchange will be changed according to the Sebi guidelines which also include ownership right, trading and operational activities. The shares issued to the members will be listed on the SKSE and the Bombay Stock Exchange.