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of <h1>Regulation 63C exempts State and Central Government from certain provisions when issuing government securities.</h1> Regulation 63C of the Securities and Exchange Board of India (Depositories and Participants) Regulations, 1996, specifies that the provisions of this chapter do not apply to the State or Central Government when they are the issuers of government securities. This regulation was inserted by the SEBI (Depositories and Participants) (Second Amendment) Regulations, 1998, and became effective on January 21, 1998. Prior to July 7, 1999, this regulation was numbered as 63A.
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