Prior approval for change in control now required; other status changes must be reported quarterly by bankers to an issue. The amendment dispenses with prior SEBI approval for changes in status or constitution of bankers to an issue but requires prior approval for any change in control; bankers must report in quarterly filings specified events, and must indicate if no change occurred.
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Provisions expressly mentioned in the judgment/order text.
Prior approval for change in control now required; other status changes must be reported quarterly by bankers to an issue.
The amendment dispenses with prior SEBI approval for changes in status or constitution of bankers to an issue but requires prior approval for any change in control; bankers must report in quarterly filings specified events, and must indicate if no change occurred.
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