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TMI BlogSecurities and Exchange Board of India (Intermediaries) (Second Amendment) Regulations, 2024.X X X X Extracts X X X X X X X X Extracts X X X X ..... ties and Exchange Board of India (Intermediaries) (Second Amendment) Regulations, 2024. 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 (Intermediaries) Regulations, 2008 , regulation 30A shall be substituted with the following regulation, namely, - Summary Proceedings 30A (1). Notwithstanding anything contained in these regulations, the procedure as provided under this regulation shall be applied to - (a) the stock broker or a clearing member, in respect of which intimation has been received by the Board from all the stock exchange(s) or the clearing corporation(s), as the case may be, of which it was a member, that such stock broker or clearing member ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... days from the date of receipt of the notice, only through a written response, along with documentary evidence, if any, as to why the certificate of registration granted under the Act and the regulations made thereunder shall not be cancelled or suspended: Provided that the competent authority may, for the reasons to be recorded, permit the noticee to submit a written response within a further period not exceeding fifteen calendar days. (4) No further opportunity beyond the timelines specified in sub-regulation (3) shall be allowed. (5) After considering the facts and circumstances of the case, material on record and the written submissions, if any, the competent authority shall endeavor to pass an order within twenty-one calendar days from ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... return to the Board the certificate of registration so cancelled, if the same has been issued in the physical form and shall not represent itself to be a holder of the certificate for any purpose; (b) cease to carry on any activity in relation to which the certificate had been granted; (c) transfer its activities to another person holding a valid certificate of registration to carry on such activity or allow its clients or investors to withdraw or transfer their securities or funds held in its custody or to withdraw any assignment given to it, without any additional cost to such client or investor; (d) make provisions as regards any liability incurred or assumed by it; (e) take such other action including action relating to any record(s) o ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Portfolio Investors) Regulations, 2014, vide notification no. LAD-NRO/GN/2013-14/36/12. d) May 25, 2016 by the Securities and Exchange Board of India (Intermediaries) (Amendment) Regulations, 2016, vide notification no. SEBI/LAD-NRO/GN/2016-17/006. e) November 21, 2017, by the Securities and Exchange Board of India (Intermediaries) (Amendment) Regulations, 2017, vide notification no. SEBI/LAD-NRO/GN/2017-18/021. f) April 17, 2020, by the Securities and Exchange Board of India (Regulatory Sandbox) (Amendment) Regulations, 2020, vide notification no. SEBI/LAD-NRO/GN/2020/10. g) January 21, 2021, by the Securities and Exchange Board of India (Intermediaries) (Amendment) Regulations, 2021, vide notification no. SEBI/LAD-NRO/GN/2021/07. h) May ..... X X X X Extracts X X X X X X X X Extracts X X X X
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