Change in control defined uniformly for intermediaries; prior Board approval required for specified change in control. The amendment harmonises the definition of change in control across SEBI intermediary regulations: for corporates, listed entities follow the control definition in regulations under clause (h) of sub section (2) of section 11 of the Act and unlisted entities follow sub section (27) of section 2 of the Companies Act; for non corporates, it covers changes in legal formation, ownership or controlling interest, with controlling interest defined as direct or indirect holding of not less than fifty percent of voting rights or interest. Specified intermediaries must obtain prior Board approval for such change in control.