Pledge include re-pledge of securities for margin/settlement obligations of client-SEBI (Depositories and Participants) (Amendment) Regulations 2020
SECURITIES AND EXCHANGE BOARD OF INDIA
NOTIFICATION
Mumbai, the 21st February, 2020
No.SEBI/LAD-NRO/GN/2020/04.—In exercise of the powers conferred by Section 30 of the Securities and Exchange Board of India Act, 1992 read with Section 25 of the Depositories Act, 1996, the Securities and Exchange Board of India hereby makes the following regulations to further amend the Securities and Exchange Board of India (Depositories and Participants) Regulations, 2018 namely:—
1. These regulations may be called the Securities and Exchange Board of India (Depositories and Participants) (Amendment) Regulations, 2020.
2. They shall come into force on the date of their publication in the Official Gazette.
3. In the Securities and Exchange Board of India (Depositories and Participants) Regulations, 2018
(1) In regulation 79, the following explanation shall be inserted after sub-regulation (12),-
“Explanation:-For the purpose of these regulations, “pledge” includes re-pledge of securities for marginand/ or settlement obligations of the client or such other purposes as specified by the Board from time to time.”
AJAY TYAGI, Chairman
[ADVT.-III/4/Exty./466/19]
Footnote:
1. The Securities and Exchange Board of India (Depositories and Participants) Regulations, 2018 were published in the Gazette of India on October 3, 2018 vide No. No. SEBI/LAD-NRO/GN/2018/40.
2. The Securities and Exchange Board of India (Depositories and Participants) Regulations, 2018 were subsequently amended–
(1) on June 4, 2019 by The Securities and Exchange Board of India (Depositories and Participants) (Amendment) Regulations, 2019 videNo. SEBI/LAD-NRO/GN/2019/20.
Mere technical mistake made by assessee while filing up return cannot be a ground of disallowing the claim when such…
Denial of Capital gain deduction u/s 54B for agricultural land purchased in the name of wife Supreme Court stays High…
CIT(A) was justified in considering surrounding circumstances, the normal human conduct of a prudent investor, the probabilities to judge creditworthiness…
High Court frowns at Provisional attachment orders passed u/s 83(1) GST lifted only their illegality being questioned In a recent…
In Faceless assessment grant of opportunity of personal hearing is not optional at discretion of the Assessing Officer its waiver…
CBDT Guidelines for compulsory selection of return for compulsory scrutiny during FY 2024-25 CBDT Guidelines for compulsory selection of…