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of <h1>Understanding Key Terms in SEBI Underwriters Regulations 1993: Control Changes, Issues, and Underwriting Explained</h1> The Securities and Exchange Board of India (Underwriters) Regulations, 1993, defines key terms relevant to the regulation of underwriters. The 'Act' refers to the Securities and Exchange Board of India Act, 1992. A 'body corporate' is defined per the Companies Act, 1956. 'Change in control' involves shifts in controlling interest, especially when voting rights exceed 51%. An 'issue' pertains to the sale of securities by a body corporate to the public. 'Underwriter' and 'underwriting' relate to agreements for subscribing to securities when public or existing shareholders do not. Definitions not specified are as per the Act.
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