INSTITUTIONAL MECHANISM FOR PREVENTION AND DETECTION OF FRAUD OR MARKET ABUSE - Securities and Exchange Board of India (Stock Brokers) Regulations, 1992
INSTITUTIONAL MECHANISM FOR PREVENTION AND DETECTION OF FRAUD OR MARKET ABUSE - Securities and Exchange Board of India (Stock Brokers) Regulations, 1992
Change in control definition governs regulatory reach and consequences for stock brokers and intermediaries under SEBI rules. Regulation 2 defines core terms for the SEBI stock-brokers regime, specifying meanings for certificate, stock broker, stock exchange, clearing ... Summary
Change in control definition governs regulatory reach and consequences for stock brokers and intermediaries under SEBI rules.
Regulation 2 defines core terms for the SEBI stock-brokers regime, specifying meanings for certificate, stock broker, stock exchange, clearing corporation, clearing member, self-clearing member and professional clearing member, proprietary trading member and qualified stock broker. It provides a substantive definition of change in control-linked to takeover/control regulations for listed corporates, Companies Act definitions for unlisted corporates, and covering legal formation or ownership changes for non-corporates-and mandates that undefined terms derive meanings from relevant statutes.
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