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.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
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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