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of <h1>SEBI Mandates Detailed Submissions for Faster Approval of Stock Exchange Amendments; Requires Justification for Urgency and Public Interest.</h1> SEBI has observed delays in approving amendments to the Bye Laws, Rules, and Regulations of Stock Exchanges and Depositories due to insufficient information provided by these entities. To expedite the approval process, SEBI requires that submissions include the objective or purpose of amendments, any related SEBI or government directives, whether further amendments are needed, the approval proceedings of the Governing Board or Council, and justification for any additional documents submitted. Additionally, requests to dispense with pre-publication must include a justification for urgency and demonstrate how it serves public or trade interests.
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