Prior approval for change in control required; other registrar status changes must be reported quarterly to the regulator. SEBI removed the requirement for prior approval for changes in status or constitution of RTI/STAs but retained prior approval for change in control. RTI/STAs must report quarterly specified events-corporate restructurings (amalgamation, demerger, consolidation), any change in directors, partner changes not amounting to dissolution, and shareholding changes not resulting in change of control-and must indicate if no change occurred.
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.
Prior approval for change in control required; other registrar status changes must be reported quarterly to the regulator.
SEBI removed the requirement for prior approval for changes in status or constitution of RTI/STAs but retained prior approval for change in control. RTI/STAs must report quarterly specified events-corporate restructurings (amalgamation, demerger, consolidation), any change in directors, partner changes not amounting to dissolution, and shareholding changes not resulting in change of control-and must indicate if no change occurred.
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