Stock Exchange Enquiry Committee – Mr. Walter B Morison
The Committee was constituted in 1937 by Government of Bombay with Mr. Walter B Morison as its Chairman. The committee was required to consider whether any modifications in the workings of the Native Share and Stock Brokers' Association were desirable in the interests of the investors and to make recommendations for the same. Some of the key recommendations included limiting powers of intervention by the Board of Directors in the natural course of the market, strengthening rules with regard to defaulters and remisiers, institution of margin deposits and, prohibition of speculative dealings for employees.
