Concessional penalty for search-disclosed unreconciled jewellery applies where substantive disclosure conditions are met despite omission from origina...
SEBI amended the Depositories and Participants Regulations, 2025, introducing significant governance modifications for depositories. The amendment establishes new provisions regarding non-independent director appointments and public interest director transfers, mandating a cooling-off period for inter-depository appointments. Specifically, non-independent directors can be appointed to recognized stock exchanges or clearing corporations only after a predetermined cooling-off period, with prior SEBI approval. Public interest directors are now subject to similar inter-organizational transfer restrictions, ensuring regulatory compliance and preventing potential conflicts of interest in financial institutional governance.
SEBI amended the Depositories and Participants Regulations, 2025, introducing significant governance modifications for depositories. The amendment establishes new provisions regarding non-independent director appointments and public interest director transfers, mandating a cooling-off period for inter-depository appointments. Specifically, non-independent directors can be appointed to recognized stock exchanges or clearing corporations only after a predetermined cooling-off period, with prior SEBI approval. Public interest directors are now subject to similar inter-organizational transfer restrictions, ensuring regulatory compliance and preventing potential conflicts of interest in financial institutional governance.
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