Grant of extension of time to entities operating/ desirous of operating as Online Bond Platform Providers (OBPPs) for making an application to obtain certificate of registration as a stock broker under the Securities and Exchange Board of India (Stock Brokers) Regulations, 1992
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Extension of time for OBPP registration allows additional filing period for stock broker applications after MCA e filing upgrade. SEBI permits OBPPs to submit applications for stock broker registration under the SEBI (Stock Brokers) Regulations, 1992, acknowledging Regulation 51A and the requirement that OBPPs be Indian incorporated companies; an additional three week filing period from February 09, 2023 (until March 01, 2023) is granted due to MCA e filing portal upgrade-related filing difficulties, issued under SEBI's powers in Section 11(1) of the SEBI Act and Regulation 55(1) of the Issue and Listing Regulations.
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Provisions expressly mentioned in the judgment/order text.
Extension of time for OBPP registration allows additional filing period for stock broker applications after MCA e filing upgrade.
SEBI permits OBPPs to submit applications for stock broker registration under the SEBI (Stock Brokers) Regulations, 1992, acknowledging Regulation 51A and the requirement that OBPPs be Indian incorporated companies; an additional three week filing period from February 09, 2023 (until March 01, 2023) is granted due to MCA e filing portal upgrade-related filing difficulties, issued under SEBI's powers in Section 11(1) of the SEBI Act and Regulation 55(1) of the Issue and Listing Regulations.
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