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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>SEBI Requires Depository Participants to Obtain Approval for Control Changes and Submit Quarterly Reports on Restructuring.</h1> The Securities and Exchange Board of India (SEBI) mandates that Depository Participants obtain prior approval for changes in control, following amendments to the SEBI (Depositories and Participants) Regulations, 1996. Depositories must submit quarterly reports to SEBI detailing corporate restructuring, director changes, and shareholding changes not affecting control, using a specified format. Depositories are required to update their regulations and report implementation status in Monthly Development Reports. The circular, issued under the SEBI Act, 1992, aims to safeguard investor interests and promote market regulation. Reports must be submitted by the 7th of the month after each quarter.
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