Part of: Section 4B — Procedure for corporatisation and demutuali sation
(1) All recognised stock exchanges referred to in section 4A shall, within such time as may be specified by the Securities and Exchange Board of India, submit a scheme for corporatisation and demutu lisation for its approval: Provided that the Securities and Exchange Board of India, may, by notification in the Official Gazette, specify name of the recognised stock exchange, which had already been corporatised and demutualised, and such stoc k exchange shall not be required to submit the scheme under this section.