Eligibility expansion in securities rules broadens recognised institutional participants to include insurers, pension funds and primary dealers. Amendment to rule 8 broadens referenced items from (a)-(k) to (a)-(n), substitutes item (c) to recognise insurance companies registered under the Insurance Act, omits former item (d), and inserts three new categories: the Central Board of Trustees of the Employees' Provident Fund, pension funds regulated by the Pension Fund Regulatory and Development Authority, and Standalone Primary Dealers authorised by the Reserve Bank of India. The amendment is titled the Securities Contracts (Regulation) (Amendment) Rules, 2014 and comes into force on publication in the Official Gazette.
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.
Eligibility expansion in securities rules broadens recognised institutional participants to include insurers, pension funds and primary dealers.
Amendment to rule 8 broadens referenced items from (a)-(k) to (a)-(n), substitutes item (c) to recognise insurance companies registered under the Insurance Act, omits former item (d), and inserts three new categories: the Central Board of Trustees of the Employees' Provident Fund, pension funds regulated by the Pension Fund Regulatory and Development Authority, and Standalone Primary Dealers authorised by the Reserve Bank of India. The amendment is titled the Securities Contracts (Regulation) (Amendment) Rules, 2014 and comes into force on publication in the Official Gazette.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
TaxTMI 
