Service rules amendment raises specified monetary amount under rule 19B, substituting the previously lower sum.
Amendment substitutes the prescribed monetary figure in rule 19B of the Terms and Conditions of Service Rules, replacing the earlier lower sum with a higher specified sum; the change is effected by Central Government notification under its enabling power and takes effect upon publication in the Official Gazette.

Search-cum-Selection Committee to recommend appointments of SEBI Chairman and whole-time Members to Central Government.
Appointments of the Chairman and every whole time Member shall be made by the Central Government on the recommendation of a Search cum Selection Committee composed of: the Cabinet Secretary (Chairman); Additional Principal Secretary to the Prime Minister (Member); Secretary, Department of Economic Affairs (Member); the incumbent Chairman of the Board (as Member for selection of whole time Member); and three experts nominated by the Central Government from a maintained panel in relevant fields.

Listing disclosure threshold expanded to top five hundred entities, broadening Regulation 34 disclosure obligations effective from April.
Amendment increases the numerical threshold in Regulation 34, sub regulation (2), clause (f) and its proviso by substituting the prior threshold with the words "five hundred", thereby expanding the set of listed entities subject to the enhanced disclosure obligations of Regulation 34; the amendment is made under the Board's powers and specifies an operative commencement date.

Increase in voting rights from share forfeiture or statutory operation treated as triggering takeover obligations.
An amendment to Regulation 10(1) adds that an increase in voting rights arising from operation of the Companies Act or from forfeiture of shares by the target company, when undertaken in compliance with the Companies Act, 2013 and the company's articles of association, will be treated for the purposes of the Substantial Acquisition and Takeovers Regulations.

Abridged prospectus format requirement tightens disclosure and presentation standards for public issue documents, including page, font and tabular presentation rules.
The amendment substitutes Part D to require issuers to disclose material information in an abridged prospectus in the Board specified format; submit one copy to the Board; print as an A4 booklet with minimum readable font and single line spacing; position the application form so prospectus information is not mutilated on removal; use tabular formats where required; present items in the order prescribed; and provide generic non issuer information via a General Information Document.

Notification amendment designates Subhash Chandra Garg as Member Secretary, formalising the substituted office bearer entry.
Amendment substitutes the entry at serial number 2 by designating Subhash Chandra Garg Member, Secretary, Department of Economic Affairs, Ministry of Finance, effected under the powers conferred by Sub Section 3 read with Section 4 of the Securities and Exchange Board of India Act, 1992, and recorded as part of the notification's amendment history.

Appointment of Part Time Member: Secretary, Ministry of Corporate Affairs designated to serve on SEBI with immediate effect.
The Central Government, exercising its statutory appointment power under the securities law, appoints Shri Tapan Ray, Secretary, Ministry of Corporate Affairs, as Part Time Member of the Securities and Exchange Board of India (SEBI) with immediate effect. The nomination replaces Ms. Anjuly Chib Duggal, former Secretary, Ministry of Corporate Affairs, and continues until further orders; the notification references the principal notification and subsequent amendments to the Board's appointment framework.

Recognition renewal for a clearing corporation under securities regulation subject to regulator imposed compliance conditions.
Renewal of recognition under the Securities Contracts (Regulation) Regulations, 2012 is conferred on MCX SX Clearing Corporation Limited pursuant to Regulation 12 and the regulator's powers under the Securities Contracts (Regulation) Act; the renewal covers a specified one year operational period and is expressly subject to conditions which the clearing corporation must comply with as may be specified by the regulator from time to time.

Renewal of recognition for a clearing corporation under securities regulations, subject to compliance with regulator imposed conditions.
Recognition is granted to Indian Clearing Corporation Limited under Regulation 12 of the Securities Contracts (Regulation) Regulations, 2012 for a one year period commencing in October 2015, pursuant to powers under the Securities Contracts (Regulation) Act, subject to compliance with conditions specified by the regulator and any further conditions that may be prescribed or imposed.

Renewal of recognition granted to a clearing corporation for one year, subject to compliance with regulator specified conditions.
Renewal of recognition to the clearing corporation is granted for a one year period commencing in early October 2015 and ending in early October 2016, exercised under the regulator's statutory powers. The recognition is conditional: the clearing corporation must comply with conditions specified by the regulator from time to time and remain subject to any further conditions that may be prescribed or imposed subsequently.

Delegation of powers: specified Forward Contracts Act authorities are vested in the securities regulator for regulatory administration.
The Central Government directs that the powers exercisable by it under specified sections of the Forward Contracts (Regulation) Act shall be exercised by the Securities and Exchange Board of India, and that such exercise shall be in accordance with the provisions of that Act.

Transfer of personnel: Forward Markets Commission employees to hold offices in SEBI under same tenure and terms.
Notification transferring specified employees of the Forward Markets Commission to the Securities and Exchange Board of India to hold their respective offices by the same tenure and on the same terms and conditions of service; tenure to be coterminous with prior tenure, or extend for six months, or until further orders, whichever is earliest.

Employee eligibility changes expand covered personnel, tighten exclusions and modify transfer and trustee voting provisions under SEBI amendment.
Amendments redefine employee to include permanent employees and non-independent directors while excluding promoters and directors holding more than ten per cent of equity; specify that share transfers may occur whether off-market or on the platform of a stock exchange; remove the word "associate" from a restriction provision; and modify trustee voting rules by shortening a prescribed period and allowing trustees to continue voting for a transitional period commencing from 28th October, 2014, with these regulations effective upon Gazette publication.

Regulatory repeal: Procedure for Search and Seizure regulations withdrawn, bringing earlier regime to an end upon Gazette publication.
The notification enacts the Securities and Exchange Board of India (Procedure for Search and Seizure) Repeal Regulations, 2015, made under the authority to make regulations, providing that the repeal regulations take effect on publication in the Official Gazette and that, from their commencement, the Securities and Exchange Board of India (Procedure for Search and Seizure) Regulations, 2014 are repealed.

Renewal of recognition for a stock exchange under SCRA, subject to continuing compliance with regulator-imposed conditions.
Renewal of recognition is granted to Metropolitan Stock Exchange of India Limited under the Securities Contracts (Regulation) Act for a one-year period in respect of contracts in securities, on the condition that the Exchange complies with conditions specified by the regulator from time to time and any further conditions that may be prescribed or imposed.

Investor allocation limits revised: scale investor counts with offering size and minimum per investor allotment enforced.
The amendment substitutes Schedule XI, Part A, para (10)(b)(iii) to establish a graduated investor-count regime for larger allocations and prescribes a minimum allotment per such investor. The provision is applicable to issuers filing offer documents with the Registrar of Companies on or after commencement and comes into force upon publication in the Official Gazette.

Commodity derivatives access: brokers need permission to operate across securities and commodity derivatives markets under new rules.
Amendments expand definitions to include clearing members and self-clearing members in commodity derivatives, designate a commodity derivatives exchange as the clearing corporation until a separate entity is established, and apply Chapters IV-VI mutatis mutandis to such members. Brokers are barred from conducting both securities and commodity derivatives activities without Board permission. Separate fee, registration and non-refundable application schedules and distinct networth and deposit tables for commodity derivatives members are introduced, with transitional provisions for entities migrated from the Forward Markets Commission and a one-year compliance window for specified capital requirements.

Commodity derivatives exchange regulation: new approval requirement, transitional clearing arrangements, and mandatory settlement guarantee obligations.
The amendments add and revise definitions for clearing member and types of commodity derivatives exchanges, prohibit introduction of new segments without Board approval, require commodity derivatives exchanges to comply with recognized stock exchange provisions as specified by the Board, permit transitional clearing arrangements until clearing shifts to a separate clearing corporation, restrict non-derivatives activities without Board permission, prescribe allocation of settlement and other penalties between Settlement Guarantee Fund and Investor Protection Fund for national and regional exchanges, and mandate guarantee for settlement of trades including good delivery.

Regulatory fee regional commodity derivatives exchanges must pay an annual fee for a two-year period within thirty days after year-end.
The Amendment inserts a proviso in regulation 4(1) requiring a regional commodity derivatives exchange to pay an annual regulatory fee of fifty thousand rupees for a two-year period from commencement, payable within thirty days after the conclusion of the relevant financial year, and substitutes a punctuation symbol in the Explanation to regulation 4(1).

Renewal of recognition under Securities Contracts (Regulation) Act for Metropolitan Stock Exchange following certified name substitution.
Renewal of recognition under the Securities Contracts (Regulation) Act was granted for the exchange for the period commencing 16 September 2014 and ending 15 September 2015, and the prior name MCX Stock Exchange Limited is substituted with Metropolitan Stock Exchange of India Limited following certification by the Registrar of Companies.