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        Case ID :
        SEBI

        Securities and Exchange Board of India (Portfolio Managers) (Second Amendment) Regulations, 2021 - SEBI/LAD-NRO/GN/2021/16 - SEBI

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        Change in control approval required: portfolio managers must obtain prior Board approval before any change in control. Regulation 11 is amended by inserting clause (aa) requiring the portfolio manager to obtain the Board's prior approval in case of any change in control, in such manner as may be specified by the Board, thereby making regulatory clearance mandatory before a change in controlling interest.
                      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.

                            Change in control approval required: portfolio managers must obtain prior Board approval before any change in control.

                            Regulation 11 is amended by inserting clause (aa) requiring the portfolio manager to obtain the Board's prior approval in case of any change in control, in such manner as may be specified by the Board, thereby making regulatory clearance mandatory before a change in controlling interest.


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