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        SEBI

        Regulation 16 - Validity of approval

        Securities and Exchange Board of India (Foreign Portfolio Investors) Regulations, 2019
        Chapter III
        APPROVAL OF DESIGNATED DEPOSITORY PARTICIPANT

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        Approval permanence for depository participants remains conditional on regulatory compliance, with suspension or withdrawal possible. Approval granted by the Board to a designated depository participant is permanent but conditioned on compliance with the Act, these regulations and circulars; the Board retains the power to suspend or withdraw approval, and the participant may surrender it.
                        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.

                              Approval permanence for depository participants remains conditional on regulatory compliance, with suspension or withdrawal possible.

                              Approval granted by the Board to a designated depository participant is permanent but conditioned on compliance with the Act, these regulations and circulars; the Board retains the power to suspend or withdraw approval, and the participant may surrender it.


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