January 18, 2008
PR No. 014/2008

Reconstitution of the Board of Directors of 
Calcutta Stock Exchange Association Limited 

SEBI had superseded the Committee of Calcutta Stock Exchange Association Limited, vide order dated December 4, 2003, and appointed Shri T.K.Das as the Administrator of the Exchange and subsequently Shri Sunil Mitra I.A.S., was appointed as the Administrator of the Exchange, to exercise and perform all the powers and duties of the Committee. 
 
The Exchange has, subsequently, successfully completed its demutualisation process. On a review of the functioning of the Exchange and taking into account the developments in the functioning and administration of the Exchange during the tenure of the Administrators, it has been decided to restore the administration of the Exchange to the Board of the Exchange, reconstituted in accordance with the composition prescribed by SEBI. The reconstituted Board of the Calcutta Stock Exchange Association Limited, comprising of three Public Interest Directors, three Trading Member Directors, five Shareholder Directors and one Acting Chief Executive Officer, held its first meeting on December 24, 2007. Shri Udayan Bose, Public Interest Director has been unanimously elected as the Chairman of the Board.

Mumbai

January 18, 2008