Section 52: Information of action to be given

If a stock exchange has demanded an explanation from any of its members on any action against such a member, suspended or cancelled the membership of such a member, imposed any fine on such a member or taken any other action against such member, the stock exchange shall give information thereof to the Board, specifying the name of the concerned member and also a description on the action and the reason for taking such action, within seven days after taking such action.