Description
BSE informs trading members that SEBI has approved the surrender of trading membership of Prakash Chandra Joshi (Member No. 6340), who is deceased.
Summary
BSE has issued a notice informing all trading members that SEBI has approved the surrender of trading membership of Prakash Chandra Joshi (Member No. 6340). The surrender has been necessitated by the member’s demise. Trading members are requested to take note of this development.
Key Points
- Trading membership of Prakash Chandra Joshi (Member No. 6340) has been surrendered.
- The surrender has been formally approved by SEBI.
- The notice is issued by the Membership Department of BSE.
- No further action is required from other trading members beyond acknowledgement.
Regulatory Changes
No regulatory changes applicable. This is an administrative update reflecting the cessation of a trading membership following the death of the member and subsequent SEBI approval of the surrender.
Compliance Requirements
No specific compliance action is required from other trading members. Members are simply requested to take note of the surrender of membership of Prakash Chandra Joshi (Member No. 6340).
Important Dates
- Notice Date: 24 February 2026
- Notice No.: 20260224-4
Impact Assessment
The impact is limited to administrative record-keeping. The surrender of a single trading membership due to the death of the member has no broader market or operational impact on other trading members or market participants.
Impact Justification
Administrative notice regarding the SEBI-approved surrender of a single deceased trading member's membership. No market-wide impact, no compliance action required from other members beyond acknowledgement.