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of <h1>Understanding Key Definitions in SEBI (Depositories and Participants) Regulations, 1996: Control, Change in Control, and More</h1> The Securities and Exchange Board of India (Depositories and Participants) Regulations, 1996, outlines definitions crucial for understanding and applying the regulations. Key terms include 'Act,' referring to the Securities and Exchange Board of India Act, 1992, and 'Depositories Act,' referring to the Depositories Act, 1996. 'Change in control' is defined for both corporate and non-corporate entities, while 'control' aligns with definitions in the Substantial Acquisition of Shares and Takeovers Regulations, 2011. Other terms include 'governing board,' 'inspecting officer,' 'key management personnel,' 'public interest director,' and 'sponsor,' each with specific roles and responsibilities within the regulatory framework.
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