Depository participant eligibility expanded to include registered registrars and share transfer agents, with conflict-of-interest restrictions.
Amendments permit a registrar to an issue or share transfer agent to act as a depository participant if it meets a prescribed minimum net worth and holds Board registration, but forbids acting as a depository participant for securities of companies for which it acts as registrar or share transfer agent; it also imposes a minimum net worth for stock brokers and caps on aggregate dematerialised portfolios relative to net worth.

Renewal of recognition under the Securities Contracts (Regulation) Act restores Bhubaneswar Stock Exchange's authority to transact in securities.
SEBI grants renewal of recognition to Bhubaneswar Stock Exchange under the Securities Contracts (Regulation) Act, exercising statutory powers to authorise the Exchange to deal in contracts in securities after determining that renewal is in the interest of trade and the public, thereby restoring the Exchange's authority to operate in the securities market for the term specified in the notification.

Renewal of recognition under SCRA granted, extending Guwahati Stock Exchange's authorised status for another renewable term.
SEBI considered an application under the Securities Contracts (Regulation) Act and, satisfied it served the interests of trade and the public, exercised its statutory powers to grant renewal of recognition to Guwahati Stock Exchange Limited for a fixed three year term ending 30 April 2002 in respect of contracts in securities.

Buy-back of securities: foreign institutional investors may sell holdings to an issuer under buy-back rules, and fee payment modes are broadened.
A proviso permits foreign institutional investors to sell securities to the issuing company under an offer to buy back securities, in accordance with the Buy-back of Securities Regulations, 1998. The Second Schedule is amended to substitute the registration fee clause so that the fee is payable by draft in favour of the Securities and Exchange Board of India or by any other mode or instrument as may be specified by the Board.

Uniform trading and settlement cycle: participating stock exchanges may adopt a common cycle differing from the Interconnected Stock Exchange.
All participating stock exchanges must commence a uniform trading and settlement cycle, which may be different from the trading and settlement cycle of the Interconnected Stock Exchange of India Limited; this provision substitutes the earlier clause requiring alignment with the Interconnected Stock Exchange.

Renewal of recognition granted with condition requiring members to establish online trading connectivity within six months.
Renewal of recognition is granted to The Jaipur Stock Exchange Limited under the Securities Contracts (Regulation) Act for a one-year period, conditional on at least one hundred active members establishing on-line electronic connectivity for trading with the exchange within six months from the date of renewal.