These Rules, Bye-Laws and Regulations shall be called "The Madhya Pradesh Stock Exchange" Rules, Bye-Laws and Regulations 2003.

Commencement

They shall come into force on such date as the Governing Board may appoint and notify in that behalf.

Subject to Act and Statutory Rules

These Rules shall be read subject to the provisions of the Securities Contracts (Regulations Act, 1956 [hereinafter referred to as SC(R) Act], the Securities Contracts(Regulations) Rules, 1957 [hereinafter referred to as SC(R) Rules], and the Securities and Exchange Board of India Act, 1992 [hereinafter referred to as 'SEBI Act'] and the Rules, Regulations, directives, orders, guidelines, norms and circulars issued by the Government of India and / or SEBI thereunder from time to time

The Stock Exchange shall be constituted of:

Those persons who are and shall hereafter be duly admitted as members of the Exchange according to the Rules for the time being in force and all such persons whether admitted as members of the Exchange before or after these Rules come into force shall be deemed bound by the Rules, Bye-laws and Regulations of the Exchange which are or shall hereafter be for the time being in force.

Those persons who are members of the company, being the Stock Exchange

Objects

The Exchange is established -

The Interest of Investors, Issuers, Brokers, Sub-Brokers, Dealers and Any Other Intermediaries -

To foster the development of a healthy, orderly and transparent capital market to facilitate channelling the savings of investors;

To admit members and / or trading members subject to the provisions of SC(R)Act and SEBI Act, and the Rules and Regulations made thereunder;

To support, protect and further the interests and the character and status of the;

investors at large;

issuers;

brokers, dealers, sub-brokers and any other intermediaries interested in securities, by whatever name called;

To assist, regulate and control the trade or business in securities and for this purpose to frame and enforce Rules, Bye-laws, and Regulations regulating the mode and manner, the conditions subject to which the business on the Stock Exchange shall be transacted and the rules of conduct of the members / trading members of the Exchange, including all aspects relating to membership / trading membership, trading, clearing and settlement, constitution of committees, delegation of authority andgeneral diverse matters pertaining to the Exchange and also including code of conduct and business ethics for the members / trading members and from time to time, to amend or alter such Rules, Bye-laws and Regulations or any of them and to make any new, amended or additional Rules, Bye-laws or Regulations for the purpose aforesaid;

To maintain high standards of commercial honour and integrity;

To promote and inculcate honourable practices and just and equitable principles of trade and business;

To promote modernisation of operations and provide infrastructural facilities on the Exchange comparable to international standards through adoption of automated trading systems and procedures and to facilitate clearing and settlement in demat segment both in account period or rolling settlement or any in other acceptable manner and cycle; 3.2.1.8 To discourage and to suppress mal-practices detrimental to the interest of investors at large;

To settle disputes and to decide all questions of trading methods, practices, usages, custom or courtesy in the conduct of trade and business at the Exchange;

To facilitate resolution of disputes by arbitration or conciliation and to nominate arbitrators andconciliators on such terms and in such cases as may deem expedient; to set up regional or localarbitration and conciliation panels and to provide for arbitration and conciliation of all disputes and claims in respect of all transactions relating to or arising out of or in connection with or pertaining totransactions in securities and including arbitration and conciliation of disputes between members / rading members of the Exchange and between members / trading members of the Exchange and ersons who are not members / trading members of the Exchange but are clients of members / trading members of the Exchange and also between sub-brokers and their clients; and to remunerate such arbitrators and conciliators and to make Rules, Bye-laws and Regulations in relation to such arbitration and conciliation proceedings, the fees of arbitrators and conciliators, the costs of such arbitration and conciliation, and related matters and to regulate the procedure thereof and enforcement of awards and generally to settle disputes and to decide all questions of usage, custom or courtesy in the conduct of trade and business in securities;