Home India Securities and Exchange Board of India In exercise of the powers conferred by Section 30 of the Sec...
Date: 2017-02-15 Category: Extra Ordinary State: Union Government Country: India

In exercise of the powers conferred by Section 30 of the Securities and Exchange Board of India Act 1992 15 of 1992 and with Section 25 of the Depositories Act 1996

Issued by Securities and Exchange Board of India · Not Applicable

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Executive Summary & Key Takeaways

Executive Summary: This document contains the Securities and Exchange Board of India (SEBI) Depository and Participants Amendment Regulations, 2017. It was published by authority in New Delhi on Wednesday, February 15, 2017. The regulations further amend the SEBI Depositories and Participants Regulations, 1996 and come into force on the date of their publication in the Official Gazette. Key Points / Main Content: * **Title and Authority:** * These regulations are called the Securities and Exchange Board of India Depositories and Participants Amendment Regulations, 2017. * They are issued under Section 30 of the Securities and Exchange Board of India Act, 1992, and Section 25 of the Depositories Act, 1996. * **Effective Date:** * The regulations come into force on the date of their publication in the Official Gazette. * **Amendments to the 1996 Regulations:** * Regulation 7 is amended: * In sub-regulation (eb), the symbol ":" after the words "share capital" is substituted with the symbol ";". * The proviso is omitted. Impact Analysis: * **Securities and Exchange Board of India (SEBI):** * Impact: SEBI is responsible for enforcing and overseeing the amended regulations. * Action Required: Ensure compliance with the amendment regulations. * **Depositories and Participants:** * Impact: These entities must adhere to the amended regulations concerning share capital and related provisos. * Action Required: Implement the changes to Regulation 7, specifically regarding the substitution of the colon with a semicolon after "share capital" in sub-regulation (eb) and omitting the specified proviso.

Key Entities Referenced

Securities and Exchange Board of India (SEBI): Regulatory body for securities market in India. The document refers to SEBI Act and Regulations. Depositories Act, 1996: Indian legislation related to depositories, which are institutions holding securities in dematerialized form. Section 25 of the act is mentioned. Securities and Exchange Board of India Act, 1992: Indian legislation that established the Securities and Exchange Board of India (SEBI) and granted it regulatory powers over the securities market. Section 30 of the act is mentioned. Securities and Exchange Board of India Depositories and Participants Regulations, 1996: Regulations pertaining to depositories and participants in the Indian securities market, frequently amended as referenced in the document. Securities and Exchange Board of India Depositories and Participants Amendment Regulations, 2017: The regulation being introduced/amended by this notification. Mumbai, Maharashtra: The city where Securities and Exchange Board of India (SEBI) is headquartered. Official Gazette: The official government publication where regulations are published. U. K. Sinha: The chairman of SEBI at the time of notification.
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L.-33004/99 vlk/kj.k EXTRAORDINARY Hkkx III—[k.M 4 PART III—Section 4 izkf/dkj ls izdkf'kr PUBLISHED BY AUTHORITY la- 58] ubZ fnYyh] cq/okj] iQjojh 15] 2017@ek?k 26] 1938 No. 58] NEW DELHI, WEDNESDAY, FEBRUARY 15, 2017/MAGHA 26, 1938 भारतीय (cid:7079)ितभिू त और िविनमय बोड (cid:6981) अिधसचू ना मु(cid:7013)बई, 14 फरवरी, 2017 भारतीय (cid:7079)ितभिू त और िविनमय बोड (cid:6981) (िन(cid:6979)पे ागार और सहभागी) (संशोधन) िविनयम, 2017 स.ं सबे ी/एल.ए.डी.-एन.आर.ओ./जी.एन./2016-17/034.—बोड(cid:6981), िन(cid:6979)ेपागार अिधिनयम, 1996 (1996 का 22) क(cid:7409) धारा 25 के साथ प(cid:7407)ठत भारतीय (cid:7079)ितभूित और िविनमय बोड(cid:6981) अिधिनयम, 1992 (1992 का 15) क(cid:7409) धारा 30 (cid:7367)ारा (cid:7079)द(cid:7275) शि(cid:7334)य(cid:7298) का (cid:7079)योग करत े (cid:7263)ए एत(cid:7375)ारा भारतीय (cid:7079)ितभूित और िविनमय बोड(cid:6981) (िन(cid:6979)ेपागार और सहभागी) िविनयम, 1996 का और संशोधन करन े के िलए िन(cid:7388)िलिखत िविनयम बनाता ह,ै अथा(cid:6981)त:्— 1.(cid:32) इन िविनयम(cid:7298) को भारतीय (cid:7079)ितभूित और िविनमय बोड(cid:6981) (िन(cid:6979)ेपागार और सहभागी) (संशोधन) िविनयम, 2017 कहा जा सकेगा । 2.(cid:32) वे राजप(cid:7074) म(cid:7286) उनके (cid:7079)काशन क(cid:7409) तारीख को (cid:7079)वृ(cid:7275) ह(cid:7298)गे । 3.(cid:32) भारतीय (cid:7079)ितभूित और िविनमय बोड(cid:6981) (िन(cid:6979)ेपागार और सहभागी) िविनयम, 1996 म(cid:7286), — i.(cid:32) िविनयम 7 म(cid:7286), उप-िविनयम (ङख) म(cid:7286), — (क)(cid:32) श(cid:7011)द(cid:7298) "अिधक नह(cid:7277) होगी" के प(cid:7391)ात ् (cid:7408)दए (cid:7263)ए िच(cid:7022)न " : " के िलए िच(cid:7022)न " ; " (cid:7079)ित(cid:7021)थािपत हो जाएगा; (ख)(cid:32) परंतुक का लोप हो जाएगा । यू. के. िस(cid:7008)हा, अ(cid:7007)य(cid:6979) [िव(cid:6980)ापन-III/4/असा./418/16 (69 जेड बी)] 835 GI/2017 (1)(cid:32)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART III—SEC. 4] पाद (cid:7407)ट(cid:7009)पण : 1. मूल िविनयम, भारतीय (cid:7079)ितभूित और िविनमय बोड (cid:6981) (िन(cid:6979)ेपागार और सहभागी) िविनयम, 1996, का.आ. सं. 345 (अ), 16 मई 1996 को भारत के राजप(cid:7074), भाग II म(cid:7286) (cid:7079)कािशत (cid:7263)ए थे । 2. भारतीय (cid:7079)ितभूित और िविनमय बोड(cid:6981) (िन(cid:6979)ेपागार और सहभागी) िविनयम, 1996 त(cid:7004)प(cid:7391)ात् : (i)(cid:32) 7 फरवरी, 1997 को भारतीय (cid:7079)ितभूित और िविनमय बोड(cid:6981) (िन(cid:6979)ेपागार और सहभागी) (संशोधन) िविनयम, 1997, का.आ. सं. 91 (अ), (cid:7367)ारा (ii)(cid:32) 5 िसत(cid:7013)बर, 1997 को भारतीय (cid:7079)ितभूित और िविनमय बोड (cid:6981)(िन(cid:6979)ेपागार और सहभागी) (दसू रा संशोधन) िविनयम, 1997, का.आ. सं. 640 (अ), (cid:7367)ारा (iii)(cid:32) 5 जनवरी, 1998 को भारतीय (cid:7079)ितभूित और िविनमय बोड(cid:6981) (िन(cid:6979)ेपागार और सहभागी) (संशोधन) िविनयम, 1998, का.आ. सं. 18 (अ), (cid:7367)ारा (iv)(cid:32) 21 जनवरी, 1998 को भारतीय (cid:7079)ितभूित और िविनमय बोड(cid:6981) (िन(cid:6979)ेपागार और सहभागी) (दसू रा संशोधन) िविनयम, 1998, का.आ. सं. 76 (अ), (cid:7367)ारा (v)(cid:32) 20 मई, 1999 को भारतीय (cid:7079)ितभूित और िविनमय बोड(cid:6981) (िन(cid:6979)ेपागार और सहभागी) (संशोधन) िविनयम, 1999, का.आ. सं. 357 (अ), (cid:7367)ारा (vi)(cid:32) 7 जुलाई, 1999 को भारतीय (cid:7079)ितभूित और िविनमय बोड(cid:6981) (िन(cid:6979)ेपागार और सहभागी) (दसू रा संशोधन) िविनयम, 1999, का.आ. सं. 546 (अ), (cid:7367)ारा (vii)(cid:32) 21 िसत(cid:7013)बर, 1999 को भारतीय (cid:7079)ितभूित और िविनमय बोड(cid:6981) (िन(cid:6979)ेपागार और सहभागी) (तीसरा संशोधन) िविनयम, 1999, का.आ. सं. 775 (अ), (cid:7367)ारा (viii)(cid:32) 26 (cid:7408)दस(cid:7013)बर, 2000 को भारतीय (cid:7079)ितभूित और िविनमय बोड(cid:6981) (िन(cid:6979)ेपागार और सहभागी) (संशोधन) िविनयम, 2000, का.आ. सं. 1160 (अ), (cid:7367)ारा (ix)(cid:32) 29 मई, 2001 को भारतीय (cid:7079)ितभूित और िविनमय बोड (cid:6981) (म(cid:7007)यव(cid:7414)तय(cid:7298) (cid:7367)ारा िविनधान सलाह) (संशोधन) िविनयम, 2001, का.आ. सं. 476 (अ), (cid:7367)ारा (x)(cid:32) 27 िसत(cid:7013)बर, 2002 को भारतीय (cid:7079)ितभूित और िविनमय बोड(cid:6981) (जांच अिधकारी (cid:7367)ारा जांच करन े और शाि(cid:7021)त अिधरोिपत करन े के िलए (cid:7079)(cid:7408)(cid:7059)या) िविनयम, 2002, का.आ. सं. 1045(अ), (cid:7367)ारा (xi)(cid:32) 16 जून, 2003 को भारतीय (cid:7079)ितभूित और िविनमय बोड(cid:6981) (िन(cid:6979)ेपागार और सहभागी) (संशोधन) िविनयम, 2003, का.आ. सं. 696 (अ), (cid:7367)ारा (xii)(cid:32) 2 िसत(cid:7013)बर, 2003 को भारतीय (cid:7079)ितभूित और िविनमय बोड (cid:6981)(िन(cid:6979)ेपागार और सहभागी) (दसू रा संशोधन) िविनयम, 2003, का.आ. सं. 1014 (अ), (cid:7367)ारा (xiii)(cid:32) 1 अ(cid:7334)ूबर, 2003 को भारतीय (cid:7079)ितभूित और िविनमय बोड(cid:6981) (िन(cid:6979)ेपागार और सहभागी) (तीसरा संशोधन) िविनयम, 2003, का.आ. सं. 1156 (अ), (cid:7367)ारा (xiv)(cid:32) 10 माच(cid:6981), 2004 को भारतीय (cid:7079)ितभूित और िविनमय बोड(cid:6981) (उपयु(cid:7334) तथा उिचत (cid:7390)ि(cid:7334) के िलए मानदंड) िविनयम, 2004, का.आ. सं. 398 (अ), (cid:7367)ारा¹Hkkx IIIµ[k.M 4º Hkkjr dk jkti=k % vlk/kj.k 3 (xv)(cid:32) 10 जून, 2004 को भारतीय (cid:7079)ितभूित और िविनमय बोड(cid:6981) (िन(cid:6979)ेपागार और सहभागी) (संशोधन) िविनयम, 2004, का.आ. सं. 696 (अ), (cid:7367)ारा (xvi)(cid:32) 10 अ(cid:7334)ूबर, 2007 को भारतीय (cid:7079)ितभूित और िविनमय बोड(cid:6981) (िन(cid:6979)ेपागार और सहभागी) (संशोधन) िविनयम, 2007, सं.11/एलसी/जीएन/2007/4485, (cid:7367)ारा (xvii)(cid:32) 17 माच(cid:6981), 2008 को भारतीय (cid:7079)ितभूित और िविनमय बोड (cid:6981) (िन(cid:6979)ेपागार और सहभागी) (संशोधन) िविनयम, 2008, फा. सं.11/एलसी/जीएन/2008/20494, (cid:7367)ारा (xviii)(cid:32) 26 मई, 2008 को भारतीय (cid:7079)ितभूित और िविनमय बोड(cid:6981) (म(cid:7007)यवत(cid:7278)) िविनयम, 2008, अिधसूचना स.ं एलएडी/एनआरओ/जीएन/2008/11/126538, (cid:7367)ारा (xix)(cid:32) 8 अग(cid:7021)त, 2008 को भारतीय (cid:7079)ितभूित और िविनमय बोड (cid:6981) (िन(cid:6979)ेपागार और सहभागी) (दसू रा संशोधन) िविनयम, 2008, अिधसूचना स.ं एलएडी-एनआरओ/जीएन/2008/18/134585, (cid:7367)ारा (xx)(cid:32) 19 जून, 2009 को भारतीय (cid:7079)ितभूित और िविनमय बोड(cid:6981) [भारतीय िन(cid:6979)ेपागार रसीद(cid:7298) (िडपॉिजटरी (cid:7407)रसी(cid:6999)स्) के िनग(cid:6981)मन को सुकर बनाना] (संशोधन) िविनयम, 2009, अिधसूचना स.ं एल.ए.डी./एन.आर.ओ./जी.एन./2009- 10/10/166936, (cid:7367)ारा (xxi)(cid:32) 13 अ(cid:7079)लै , 2011 को भारतीय (cid:7079)ितभूित और िविनमय बोड(cid:6981) [कुछ म(cid:7007)यव(cid:7414)तय(cid:7298) (इंटरमीिडयरीज़) के रिज(cid:7021)(cid:7069)ीकरण क(cid:7409) शत(cid:7300) म(cid:7286) प(cid:7407)रवतन(cid:6981) ] (संशोधन) िविनयम, 2011, अिधसूचना सं. एलएडी/एनआरओ/जीएन/2011-12/03/12650, (cid:7367)ारा (xxii)(cid:32) 5 जुलाई, 2011 को भारतीय (cid:7079)ितभूित और िविनमय बोड (cid:6981) (िन(cid:6979)ेपागार और सहभागी) (संशोधन) िविनयम, 2011, अिधसूचना स.ं एलएडी-एनआरओ/जीएन/2011-12/14/21219, (cid:7367)ारा (xxiii)(cid:32) 11 िसत(cid:7013)बर, 2012 को भारतीय (cid:7079)ितभूित और िविनमय बोड(cid:6981) (िन(cid:6979)ेपागार और सहभागी) (संशोधन) िविनयम, 2012, अिधसूचना स.ं एलएडी-एनआरओ/जीएन/2012-13/15/20426, (cid:7367)ारा (xxiv)(cid:32) 17 मई, 2013 को भारतीय (cid:7079)ितभूित और िविनमय बोड(cid:6981) (िन(cid:6979)ेपागार और सहभागी) (संशोधन) िविनयम, 2013, अिधसूचना स.ं एलएडी-एनआरओ/जीएन/2013-14/09/5738, (cid:7367)ारा (xxv)(cid:32) 24 (cid:7408)दस(cid:7013)बर, 2014 को भारतीय (cid:7079)ितभूित और िविनमय बोड(cid:6981) (िन(cid:6979)ेपागार और सहभागी) (संशोधन) िविनयम, 2014, अिधसूचना स.ं एल.ए.डी-एन.आर.ओ./जी.एन./2014-15/18/1952, (cid:7367)ारा (xxvi)(cid:32) 21 जनवरी, 2016 को भारतीय (cid:7079)ितभूित और िविनमय बोड (cid:6981) (िन(cid:6979)ेपागार और सहभागी) (संशोधन) िविनयम, 2016, अिधसूचना सं. सेबी/एल.ए.डी.–एन.आर.ओ./जी.एन./2015-16/032, (cid:7367)ारा (xxvii)(cid:32) 7 माच(cid:6981), 2016 को भारतीय (cid:7079)ितभूित और िविनमय बोड(cid:6981) (िन(cid:6979)ेपागार और सहभागी) (दसू रा संशोधन) िविनयम, 2016, अिधसूचना सं. सेबी/एलएडी/एनआरओ/जीएन/2015-16/038, (cid:7367)ारा (xxviii)(cid:32) 27 मई, 2016 को भारतीय (cid:7079)ितभूित और िविनमय बोड(cid:6981) (िन(cid:6979)ेपागार और सहभागी) (तीसरा संशोधन) िविनयम, 2016, अिधसूचना सं. सेबी/एल.ए.डी.-एन.आर.ओ./जी.एन./2016-17/007, (cid:7367)ारा संशोिधत (cid:7263)ए थ े ।4 THE GAZETTE OF INDIA : EXTRAORDINARY [PART III—SEC. 4] SECURITIES AND EXCHANGE BOARD OF INDIA NOTIFICATION Mumbai, the 14th February, 2017 SECURITIES AND EXCHANGE BOARD OF INDIA (DEPOSITORIES AND PARTICIPANTS) (AMENDMENT) REGULATIONS, 2017 No. SEBI/LAD-NRO/GN/2016-17/034.─ In exercise of the powers conferred by Section 30 of the Securities and Exchange Board of India Act, 1992 (15 of 1992) read with Section 25 of the Depositories Act, 1996 (22 of 1996), the Board hereby makes the following Regulations to further amend the Securities and Exchange Board of India (Depositories and Participants) Regulations, 1996, namely:— 1.(cid:32) These Regulations may be called the Securities and Exchange Board of India (Depositories and Participants) (Amendment) Regulations, 2017. 2.(cid:32) They shall come into force on the date of their publication in the Official Gazette. 3.(cid:32) In the Securities and Exchange Board of India (Depositories and Participants) Regulations, 1996,– i.(cid:32) in Regulation 7, in sub-regulation (eb),— (a)(cid:32) after words “share capital”, for the symbol “ : ”, the symbol “ ; ” shall be substituted. (b)(cid:32) The proviso shall be omitted. U. K. SINHA, Chairman [ADVT.-III/4/Exty.418/16 (69 ZB)] Footnote: 1.(cid:32) 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. 345(E). 2.(cid:32) The Securities and Exchange Board of India (Depositories and Participants) Regulations, 1996, were subsequently amended on: (i)(cid:32) February 7, 1997 by the SEBI (Depositories and Participants) (Amendment) Regulations, 1997 vide S.O. No. 91(E). (ii)(cid:32) September 5, 1997 by the SEBI (Depositories and Participants) (Second Amendment) Regulations, 1997 vide S.O. No. 640(E). (iii)(cid:32) January 5, 1998 by the SEBI (Depositories and Participants) (Amendment) Regulations, 1998 vide S.O. No. 18(E). (iv)(cid:32) January 21, 1998 by the SEBI (Depositories and Participants) (Second Amendment) Regulations, 1998 vide S.O. No. 76(E). (v)(cid:32) May 20, 1999 by the SEBI (Depositories and Participants) (Amendment) Regulations, 1999 vide S.O. No. 357(E). (vi)(cid:32) July 7, 1999 by the SEBI (Depositories and Participants) (Second Amendment) Regulations, 1999 vide S.O. No. 546(E). (vii)(cid:32) September 21, 1999 by the SEBI (Depositories and Participants) (Third Amendment) Regulations, 1999 vide S.O. No. 775(E). (viii)(cid:32) December 26, 2000 by the SEBI (Depositories and Participants) (Amendment) Regulations, 2000 vide S.O. No. 1160(E). (ix)(cid:32) May 29, 2001 by the SEBI (Investment Advice by Intermediaries) (Amendment) Regulations, 2001 vide S.O. No. 476(E).¹Hkkx IIIµ[k.M 4º Hkkjr dk jkti=k % vlk/kj.k 5 (x)(cid:32) September 27, 2002 by the SEBI (Procedure for holding Enquiry by Enquiry Officer and Imposing Penalty) Regulations, 2002 vide S.O. No. 1045(E). (xi)(cid:32) June 16, 2003 by the SEBI (Depositories and Participants) (Amendment) Regulations, 2003 vide S.O. No. 696(E). (xii)(cid:32) September 2, 2003 by the SEBI (Depositories and Participants) (Second Amendment) Regulations, 2003 vide S.O. No. 1014(E). (xiii)(cid:32) October 1, 2003 by the SEBI (Depositories and Participants) (Third Amendment) Regulations, 2003 vide S.O. No. 1156(E). (xiv)(cid:32) March 10, 2004 by the SEBI (Criteria for Fit and Proper Person) Regulations, 2004 vide S.O. No. 398(E). (xv)(cid:32) June 10, 2004 by the SEBI (Depositories and Participants) (Amendment) Regulations, 2004 vide S.O. No. 696(E). (xvi)(cid:32) October 10, 2007 by the SEBI (Depositories and Participants) (Amendment) Regulations, 2007 vide No. 11/LC/GN/2007/4485. (xvii)(cid:32) March 17, 2008 by the SEBI (Depositories and Participants) (Amendment) Regulations, 2008 vide F. No. 11/LC/GN/2008/20494. (xviii)(cid:32) May 26, 2008 by the Securities and Exchange Board of India (Intermediaries) Regulations, 2008 vide Notification No. LAD/NRO/GN/2008/11/126538. (xix)(cid:32) August 8, 2008 by the SEBI (Depositories and Participants) (Second Amendment) Regulations, 2008 vide Notification No. LAD/NRO/GN/2008/18/134585. (xx)(cid:32) June 19, 2009 by the SEBI (Facilitation of Issuance of India Depository Receipts) (Amendment) Regulations, 2009 vide Notification No. LAD/NRO/GN/2009-10/10/166936. (xxi)(cid:32) April 13, 2011 by the Securities and Exchange Board of India (Change in Conditions of Registration of Certain Intermediaries) (Amendment) Regulations, 2011vide Notification No. LAD/ NRO/ GN/ 2011-12/03/12650. (xxii)(cid:32) July 5, 2011 by the Securities and Exchange Board of India (Depositories and Participants) (Amendment) Regulations, 2011 vide Notification No. LAD-NRO/GN/2011-12/14/21219. (xxiii)(cid:32) September 11, 2012 by Securities and Exchange Board of India (Depositories and Participants) (Amendment) Regulations, 2012 vide Notification No. LAD-NRO/GN /2012-13/15/20426. (xxiv)(cid:32) May 17, 2013 by Securities and Exchange Board of India (Depositories and Participants) (Amendment) Regulations, 2012 vide Notification No. LAD-NRO/GN /2013-14/09/5738. (xxv)(cid:32) December 24, 2014 by Securities and Exchange Board of India (Depositories and Participants) (Amendment) Regulations, 2014 vide notification No. LAD/NRO/GN/2014-15/18/1952. (xxvi)(cid:32) January 21, 2016 by Securities and Exchange Board of India (Depositories and Participants) (Amendment) Regulations, 2014 vide notification No. LAD/NRO/GN/2015-16/18/032. (xxvii)(cid:32) March 7, 2016 by Securities and Exchange Board of India (Depositories and Participants) (Second Amendment) Regulations, 2016 vide notification No. SEBI/LAD-NRO/GN/2015-16/038. (xxviii)(cid:32) May 27, 2016 by Securities and Exchange Board of India (Depositories and Participants) (Third Amendment) Regulations, 2016 vide notification No. SEBI/LAD-NRO/GN/2016-17/007. 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