Securities And Exchange Board Of India (Custodian Of Securities) Amendment Regulations, 1998 - S.O. No.17(E) - SEBI/LE/2302/98 - SEBI

SECURITIES AND EXCHANGE BOARD OF INDIA NOTIFICATION Mumbai, the 5th January, 1998 S.O.17(E).- In exercise of the powers conferred by sub-section (i) of section 30 of the Securities and Exchange Board of India Act, 1992 (15 of 1992), the Board hereby makes the following regulations to amend the Securities and Exchange Board of India (Custodian of Securities) Regulations, 1996. 1. These Regulations may be called the Securities and Exchange Board of India (Custodian of Securities) Amendment Regulations, 1998. 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 (Custodian of Securities) Regulations, 1996 hereinafter referred to as the 'Regulations')- (a) in sub-regulation (1) of regulation 6, a new clause (gg) after clause (g) and before clause (h) shall be inserted, namely :- (gg) the applicant is a fit and proper person. [F. No. SEBI/LE/2302/98] D. R. MEHTA, Chairman Footnote :- (1) SEBI (Custodian of Securities) Regulation, 1996 the principal regulation,was published in the Gazette of India on May 16, 1996, vide S.O.No. 344 (E). (2) SEBI(Custodian of Securities) Regulations, 1996, was subsequently amended on December 4, 1996 by SEBI (Custodian of Securities) Amendment Regulations, 1996, vide S.O. No. 851(E).