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TMI BlogSecurities And Exchange Board Of India (Bankers To An Issue) (Amendment) Regulations, 2006.X X X X Extracts X X X X X X X X Extracts X X X X ..... tions, 2006. 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 (Bankers to an Issue) Regulations, 1994:- (i) in regulation 2 a. after the opening part and before clause (b), the following clauses shall be inserted, namely:- (a) Act means the Securities and Exchange Board of India Act, 1992 (15 of 1992); (aa) banker to an issue means a scheduled bank carrying on all or any of the following activities, namely:- (i) acceptance of application and application monies; (ii) acceptance of allotment or call monies; (iii) refund of application monies; (iv) payment of dividend or interest warrants; (ab) body co ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... owing clause shall be inserted, namely:- (ca) issue means an offer of sale or purchase of securities by any body corporate or by any other person or group of persons on his or its or their behalf, as the case may be, to or from the public, or the holders of securities of such body corporate or person or group of persons; c. clause (e) shall be substituted with the following, namely:- (e) scheduled bank means a bank included in the Second Schedule of the Reserve Bank of India Act, 1934 (2 of 1934); d. in clause (f), the words and the rules occurring after the words defined in the Act and the words or the rules, as the case may be occurring at the end shall be omitted. (ii) in regulation 3, after sub-regul ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... omplaint and keep the Board informed about the number, nature and other particulars of the complaints received and the manner in which such complaints have been redressed; (e) it shall abide by the regulations made under the Act in respect of the activities carried on by it as banker to an issue. (2) Nothing contained in clause (a) of sub-regulation (1) shall affect the obligation to obtain a fresh registration under section 12 of the Act in cases where it is applicable. Period of validity of certificate 8B. The certificate of registration granted under regulation 7 and its renewal granted under regulation 8, shall be valid for a period of three years from the date of its issue. (v) in Schedule II a. in ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... vide No. S.O. 800 (E). (d) on March 28, 2000 by Securities and Exchange Board of India (Appeal to Securities Appellate Tribunal) (Amendment) Regulations, 2000 vide No. S.O. 278 (E). (e) on May 29, 2001 by Securities and Exchange Board of India (Investment Advice by Intermediaries) (Amendment) Regulations, 2001 vide No. S.O. 476 (E). (f) on September 27, 2002 by Securities and Exchange Board of India (Procedure for Holding Enquiry by Enquiry Officer and Imposing Penalty) Regulations, 2002 vide No. S.O. 1045 (E). (g) on October 1, 2003 by Securities and Exchange Board of India (Bankers to an Issue) (Amendment) Regulations, 2003 vide No. S.O. 1159 (E). (h) on March 10, 2004 by the Securities and Exchange Board of India ..... X X X X Extracts X X X X X X X X Extracts X X X X
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