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of <h1>SEBI Amends Underwriters Regulations: Prior Approval Needed Only for Control Changes, Biannual Reporting Required for Other Changes.</h1> The Securities and Exchange Board of India (SEBI) has amended the SEBI (Underwriters) Regulations, 1993, eliminating the need for underwriters to obtain prior approval for changes in status or constitution, except for changes in control. Underwriters must report changes such as corporate restructuring, director changes, partnership changes, and shareholding changes not affecting control to SEBI biannually within 15 days post-half-year. Reports should be submitted electronically to a specified SEBI email, with a designated subject line format. This circular is issued under the authority of the SEBI Act, 1992, to safeguard investors and regulate the securities market.
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