Securities and Exchange Board of India (Appeal to the Securities Appellate Tribunal) (Amendment) Regulations, 2000. - S.O. No.278(E) - SEBI/LE/5148/00 - SEBI

SECURITIES AND EXCHANGE BOARD OF INDIA NOTIFICATION Mumbai, the 28 th March, 2000 S.O. 278(E).- In exercise of the powers conferred by sub-section (1) of section 30 of the Securities and Exchange Board of India Act, 1992 (15 of 1992), the Securities and Exchange Board of India hereby makes the following regulations, namely:- 1. These regulations may be called the Securities and Exchange Board of India (Appeal to the Securities Appellate Tribunal) (Amendment) Regulations, 2000. 2. They shall come into force on the date of their publication in the Official Gazette. 3. The regulations specified in column (1) of the table below shall be amended to the extent provided in the corresponding entry in column (2) of the said table. Short title of the regulation Extent of Amendment (1) (2) Securities and Exchange Board of India (Banker to an Issue) Regulations, 1994 The existing regulation 31, shall be substituted by the following : 31. Any person aggrieved by an order of the Board made, on and after the commencement of the Securities Laws (Second Amendment) Act, 1999, (i.e., after 16th December, 1999), under these regulations may prefer an appeal to a Securities Appellate Tribunal having jurisdiction in the matter . Securities and Exchange Board of India (Collective Investment Schemes) Regulations, 1999 The existing regulation 67, shall be substituted by the following: 67. Any person aggrieved by an order of the Board made, on and after the commencement of the Securities Laws (Second Amendment) Act, 1999, (i.e., after 16th December, 1999), under these regulations may prefer an appeal to a Securities Appellate Tribunal having jurisdiction in the matter . Securities and Exchange Board of India (Credit Rating Agencies) Regulations, 1999 The existing regulation 42, shall be substituted by the following: 42. Any person aggrieved by an order of the Board made, on and after the commencement of the Securities Laws (Second Amendment) Act, 1999, (i.e., after 16th December 1999), under these regulations may prefer an appeal to a Securities Appellate Tribunal having jurisdiction in the matter . Securities and Exchange Board of India (Debenture Trustee) Regulations, 1993 The existing regulation 32, shall be substituted by the following: 32. Any person aggrieved by an order of the Board made, on and after the commencement of the Securities Laws (Second Amendment) Act, 1999, (i.e., after 16th December 1999), under these regulations may prefer an appeal to a Securities Appellate Tribunal having jurisdiction in the matter . Securities and Exchange Board of India (Foreign Institutional Investors) Regulations, 1995 The existing regulation 29, shall be substituted by the following: 29. Any person aggrieved by an order of the Board made, on and after the commencement of the Securities Laws (Second Amendment) Act, 1999, (i.e., after 16th December, 1999) under these regulations may prefer an appeal to a Securities Appellate Tribunal having jurisdiction in the matter . Securities and Exchange Board of India (Insider Trading) Regulations, 1992 The existing regulation 12, shall be substituted by the following: 12. Any person aggrieved by an order of the Board made, on and after the commencement of the Securities Laws (Second Amendment) Act, 1999, (i.e., after 16th December 1999), under these regulations may prefer an appeal to a Securities Appellate Tribunal having jurisdiction in the matter . Securities and Exchange Board of India (Merchant Bankers) Regulations, 1996 The existing regulation 43, shall be substituted by the following: 43. Any person aggrieved by an order of the Board made, on and after the commencement of the Securities Laws (Second Amendment) Act, 1999, (i.e., after 16th December 1999), under these regulations may prefer an appeal to a Securities Appellate Tribunal having jurisdiction in the matter . Securities and Exchange Board of India (Portfolio Managers) Regulations, 1993 The existing regulation 38, shall be substituted by the following: 38. Any person aggrieved by an order of the Board made, on and after the commencement of the Securities Laws (Second Amendment) Act, 1999, (i.e., after 16th December 1999), under these regulations may prefer an appeal to a Securities Appellate Tribunal having jurisdiction in the matter . Securities and Exchange Board of India (Registrar to an Issue and Share Transfer Agents) Regulations, 1993 The existing regulation 29, shall be substituted by the following: 29. Any person aggrieved by an order of the Board made, on and after the commencement of the Securities Laws (Second Amendment) Act, 1999, (i.e., after 16th December, 1999), under these regulations may prefer an appeal to a Securities Appellate Tribunal having jurisdiction in the matter . Securities and Exchange Board of India (Stock Brokers and Exchange Board of India) Regulations, 1992 The existing regulation 32, shall be substituted by the following: 32. Any person aggrieved by an order of the Board made, on and after the commencement of the Securities Laws (Second Amendment) Act, 1999, (i.e., after 16th December, 1999), under these regulations may prefer an appeal to a Securities Appellate Tribunal having jurisdiction in the matter . Securities and Exchange Board of India (Substantial Acquisitionof Shares and Takeovers) Regulations, 1997 The existing regulation 46, shall be substituted by the following: 46. Any person aggrieved by an order of the Board made, on and after the commencement of the Securities Laws (Second Amendment) Act, 1999, (i.e., after 16th December, 1999), under these regulations may prefer an appeal to a Securities Appellate Tribunal having jurisdiction in the matter . Securities and Exchange Board of India (Underwriters) Regulations, 1993 The existing regulation 32, shall be substituted by the following: 32. Any person aggrieved by an order of the Board made, on and after the commencement of the Securities Laws (Second Amendment) Act, 1999, (i.e., after 16th December, 1999), under these regulations may prefer an appeal to a Securities Appellate Tribunal having jurisdiction in the matter . [F. No. SEBI/LE/5148/00] D R. MEHTA, Chairman, Securities and Exchange Board of India