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of <h1>SEBI Amends 2002 Regulations: Changes to Regulations 4, 6, 8, 13, 16 to Streamline Enquiry and Penalty Procedures.</h1> The Securities and Exchange Board of India issued the Second Amendment to the 2002 regulations concerning the procedure for holding enquiries by an Enquiry Officer and imposing penalties. Effective upon publication in the Official Gazette, the amendments include changes to regulations 4, 6, 8, 13, and 16. Key modifications involve the insertion of specific wording, the substitution of 'shall' with 'may,' and the addition of provisions allowing the Enquiry Officer to extend deadlines for recorded reasons. The amendments aim to streamline the enquiry process and provide clarity on procedural aspects.
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