TMI - Tax Management India. Com

Home Notifications 2023 SEBI SEBI - 2023 This

  • Login
  • Plus+

Forgot password       New User/ Regiser



 

Securities and Exchange Board of India (Change in Control in Intermediaries) (Amendment) Regulations, 2023 - SEBI/LAD-NRO/GN/2023/115 - SEBI

Extract

..... Regulations, 2011, Securities and Exchange Board of India (Alternative Investment Funds) Regulations, 2012, Securities and Exchange Board of India (Investment Advisers) Regulations, 2013, Securities and Exchange Board of India (Research Analysts) Regulations, 2014, Securities and Exchange Board of India (Depositories and Participants) Regulations, 2018, Securities and Exchange Board of India (Portfolio Managers) Regulations, 2020 and Securities and Exchange Board of India (Vault Managers) Regulations, 2021, namely, - 1. These regulations may be called the Securities and Exchange Board of India (Change in Control in Intermediaries) (Amendment) Regulations, 2023. 2. They shall come into force on the date of their publication in the Official Gazette. Amendment to the Securities and Exchange Board of India (Stock Brokers) Regulations, 1992. 3. In the Securities and Exchange Board of India (Stock Brokers) Regulations, 1992, the clause (ac) in sub-regulation (1) of regulation 2, shall be substituted as under, namely,- ““Change in control” - (i) in case of a body corporate - (A) if its shares are listed on any recognised stock exchange, shall be construed with reference .....

X X   X X   Extracts   X X   X X

Login / Subscribe to Access Full Page

Securities and Exchange Board of India (Change in Control in Intermediaries) (Amendment) Regulations, 2023 - SEBI/LAD-NRO/GN/2023/115 - SEBI

X X   X X   Extracts   X X   X X

..... . In the Securities and Exchange Board of India (Registrars to an Issue and Share Transfer Agents) Regulations, 1993, the clause (bc) of regulation 2, shall be substituted as under, namely, - ““Change in control” - (i) in case of a body corporate - (A) if its shares are listed on any recognised stock exchange, shall be construed with reference to the definition of control in terms of regulations framed under clause (h) of sub-section (2) of section 11 of the Act; (B) if its shares are not listed on any recognised stock exchange, shall be construed with reference to the definition of control as provided in sub-section (27) of Section 2 of the Companies Act, 2013 (18 of 2013); (ii) in a case other than that of a body corporate, shall be construed as any change in its legal formation or ownership or change in controlling interest. Explanation - For the purpose of sub-clause (ii), the expression “controlling interest” means an interest, direct or indirect, to the extent of not less than fifty percent of voting rights or interest;” Amendment to the Securities and Exchange Board of India (Bankers to an Issue) Regulations, 1994. 7. In the Securities and .....

X X   X X   Extracts   X X   X X

Login / Subscribe to Access Full Page

Securities and Exchange Board of India (Change in Control in Intermediaries) (Amendment) Regulations, 2023 - SEBI/LAD-NRO/GN/2023/115 - SEBI

X X   X X   Extracts   X X   X X

..... ued with reference to the definition of control as provided in sub-section (27) of Section 2 of the Companies Act, 2013 (18 of 2013);” Amendment to the Securities and Exchange Board of India {KYC (Know Your Client) Registration Agency} Regulations, 2011. 11. In the Securities and Exchange Board of India {KYC (Know Your Client) Registration Agency} Regulations, 2011, the clause (da) in sub-regulation (1) of regulation 2, shall be substituted as under, namely, - ““Change in control” in case of a body corporate - (A) if its shares are listed on any recognised stock exchange, shall be construed with reference to the definition of control in terms of regulations framed under clause (h) of sub-section (2) of section 11 of the Act; (B) if its shares are not listed on any recognised stock exchange, shall be construed with reference to the definition of control as provided in sub-section (27) of Section 2 of the Companies Act, 2013 (18 of 2013);” Amendment to the Securities and Exchange Board of India (Alternative Investment Funds) Regulations, 2012. 12. In the Securities and Exchange Board of India (Alternative Investment Funds) Regulations, 2012, the clause ( .....

X X   X X   Extracts   X X   X X

Login / Subscribe to Access Full Page

Securities and Exchange Board of India (Change in Control in Intermediaries) (Amendment) Regulations, 2023 - SEBI/LAD-NRO/GN/2023/115 - SEBI

X X   X X   Extracts   X X   X X

..... s under, namely, - ““Change in control” - (i) in case of a body corporate - (A) if its shares are listed on any recognised stock exchange, shall be construed with reference to the definition of control in terms of regulations framed under clause (h) of sub-section (2) of section 11 of the Act; (B) if its shares are not listed on any recognised stock exchange, shall be construed with reference to the definition of control as provided in sub-section (27) of Section 2 of the Companies Act, 2013 (18 of 2013); (ii) in a case other than that of a body corporate, shall be construed as any change in its legal formation or ownership or change in controlling interest. Explanation - For the purpose of sub-clause (ii), the expression “controlling interest” means an interest, direct or indirect, to the extent of not less than fifty percent of voting rights or interest;” Amendment to the Securities and Exchange Board of India (Depositories and Participants) Regulations, 2018. 15. In the Securities and Exchange Board of India (Depositories and Participants) Regulations, 2018, the clause (e) in sub-regulation (1) of regulation 2, shall be substituted as under, n .....

X X   X X   Extracts   X X   X X

Login / Subscribe to Access Full Page

Securities and Exchange Board of India (Change in Control in Intermediaries) (Amendment) Regulations, 2023 - SEBI/LAD-NRO/GN/2023/115 - SEBI

X X   X X   Extracts   X X   X X

  1. Securities and Exchange Board of India (Vault Managers) Regulations, 2021
  2. SECURITIES AND EXCHANGE BOARD OF INDIA (PORTFOLIO MANAGERS) REGULATIONS, 2020
  3. Securities and Exchange Board of India (Depositories and Participants) Regulations, 2018
  4. Securities and Exchange Board of India (Research Analysts) Regulations, 2014
  5. Securities and Exchange Board of India (Investment Advisers) Regulations 2013
  6. Securities and Exchange Board of India (Alternative Investment Funds) Regulations, 2012
  7. Securities and Exchange Board of India {KYC (Know Your Client) Registration Agency} Regulations, 2011
  8. Securities and Exchange Board of India (Credit Rating Agencies) Regulations, 1999
  9. Securities and Exchange Board of India (Custodian) Regulations, 1996
  10. Securities and Exchange Board of India (Bankers to an Issue) Regulations, 1994
  11. Securities and Exchange Board of India (Debenture Trustees) Regulations, 1993
  12. Securities and Exchange Board of India (Registrars to an Issue and Share Transfer Agents) Regulations, 1993
  13. Securities and Exchange Board of India (Merchant Bankers) Regulations, 1992
  14. Securities and Exchange Board of India (Stock Brokers) Regulations, 1992
  15. DEPOSITORIES ACT, 1996
  16. Securities and Exchange Board of India Act, 1992
  17. Section 30 - Power to make regulations - Securities and Exchange Board of India Act, 1992
  18. Section 25 - Power of Board to make regulations. - DEPOSITORIES ACT, 1996
  19. Section 12 - Registration of stock brokers, sub-brokers, share transfer agents, etc - Securities and Exchange Board of India Act, 1992
  20. Section 11 - Functions of Board - Securities and Exchange Board of India Act, 1992
  21. Regulation 9 - Conditions of certificate. - Securities and Exchange Board of India (Custodian) Regulations, 1996
  22. Regulation 8 - Conditions of certificate of Registration - Securities and Exchange Board of India (Vault Managers) Regulations, 2021
  23. Regulation 2 - Definitions. - Securities and Exchange Board of India (Investment Advisers) Regulations 2013
  24. Regulation 2 - Definitions - Securities and Exchange Board of India (Vault Managers) Regulations, 2021
  25. Regulation 2 - Definitions - SECURITIES AND EXCHANGE BOARD OF INDIA (PORTFOLIO MANAGERS) REGULATIONS, 2020
  26. Regulation 2 - Definitions - Securities and Exchange Board of India (Stock Brokers) Regulations, 1992
  27. Regulation 2 - Definitions - Securities and Exchange Board of India (Merchant Bankers) Regulations, 1992
  28. Regulation 2 - Definitions - Securities and Exchange Board of India (Registrars to an Issue and Share Transfer Agents) Regulations, 1993
  29. Regulation 2 - Definitions - Securities and Exchange Board of India (Debenture Trustees) Regulations, 1993
  30. Regulation 2 - Definitions - Securities and Exchange Board of India (Bankers to an Issue) Regulations, 1994
  31. Regulation 2 - Definitions - Securities and Exchange Board of India (Custodian) Regulations, 1996
  32. Regulation 2 - Definitions - Securities and Exchange Board of India (Credit Rating Agencies) Regulations, 1999
  33. Regulation 2 - Definitions - Securities and Exchange Board of India {KYC (Know Your Client) Registration Agency} Regulations, 2011
  34. Regulation 2 - Definitions - Securities and Exchange Board of India (Alternative Investment Funds) Regulations, 2012
  35. Regulation 2 - Definitions - Securities and Exchange Board of India (Research Analysts) Regulations, 2014
  36. Regulation 2 - Definitions - Securities and Exchange Board of India (Depositories and Participants) Regulations, 2018