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TMI BlogSecurities and Exchange Board of India (Foreign Portfolio Investors) (Amendment) Regulations, 2023X X X X Extracts X X X X X X X X Extracts X X X X ..... EBI/LAD-NRO/GN/2023/128.--In exercise of the powers conferred by sub-section (1) of Section 30 read with sub-section (1) of Section 11, clause (ba) of sub-section (2) of section 11 and sub-sections (1) and (1A) of Section 12 of the Securities and Exchange Board of India Act, 1992 (15 of 1992), and under Section 25 of the Depositories Act, 1996 (22 of 1996), the Securities and Exchange Board of Ind ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... d by the Board from time to time" shall be inserted. II. In regulation 22, i. in sub-regulation (1), in clause (b), the word "forthwith" shall be substituted with the words and symbol "as soon as possible but not later than seven working days,". ii. in sub-regulation (1), clause (c) shall be substituted with the following, namely,- "(c) as soon as possible but not later than seven working ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e of any direct or indirect change in structure or common ownership or control of the foreign portfolio investor or investor group, it shall, as soon as possible but not later than seven working days, bring the same to the notice of its designated depository participant." III. In regulation 31, in sub-regulation (1) i. in clause (b), the word "forthwith" shall be substituted with the words "as ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Securities and Exchange Board of India (Foreign Portfolio Investors) (Amendment) Regulations, 2019 vide No. SEBI/LAD-NRO/GN/2019/44. (2) 7th April, 2020 by the Securities and Exchange Board of India (Foreign Portfolio Investors) (Amendment) Regulations, 2020 vide No SEBI/LAD-NRO/GN/2020/09. (3) 17th April, 2020 by the Securities and Exchange Board of India (Regulatory Sandbox) (Amendment) Reg ..... X X X X Extracts X X X X X X X X Extracts X X X X
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