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TMI BlogSecurities And Exchange Board Of India (Depositories And Participants) (Amendment) Regulations, 2008X X X X Extracts X X X X X X X X Extracts X X X X ..... 30 of the Securities and Exchange Board of India Act, 1992 (15 of 1992), the Board hereby makes the following Regulations to further amend the Securities and Exchange Board of India (Depositories and Participants) Regulations, 1996, namely :- 1. These Regulations may be called the Securities and Exchange Board of India (Depositories and Participants) (Amendment) Regulations, 2008. 2. They sh ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... pository; Explanation : For the purposes of this clause, - (i) the expression person resident in India shall have the meaning assigned to it in clause (v) of section 2 of the Foreign Exchange Management Act, 1999 (42 of 1999); (ii) the expression persons acting in concert shall have the meaning derived from clause (e) of sub-regulation (1) of regulation 2 of the Securities ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... (ec) no foreign institutional investor shall have any representation in the Board of Directors of the depository; C. B. BHAVE, Chairman [ADVT. III/IV/69ZB/2008/Exty.] Footnotes: 1. The principal regulations, Securities and Exchange Board of India (Depositories and Participants) Regulations, 1996 were published in the Gazette of India, Part II on May 16, 1996 vide S.O. No. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... rticipants) (Second Amendment) Regulations, 1999 vide S.O. No. 546(E). (g) On September 21, 1999 by SEBI (Depositories and Participants) (Third Amendment) Regulations, 1999 vide S.O. No. 775(E). (h) On December 26, 2000 by SEBI (Depositories and Participants) (Amendment) Regulations, 2000 vide S.O. No. 1160(E). (i) On May 29, 2001 by SEBI (Investment Advice by Intermediaries) (Amend ..... X X X X Extracts X X X X X X X X Extracts X X X X
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