Reserve Bank authority over specified securities contracts expanded, with concurrent compliance obligations under SEBI and RBI frameworks.
The amendment delegates to the Reserve Bank of India the Central Government's powers under section 16 of the Securities Contracts (Regulation) Act for contracts in government securities, money market securities, gold-related securities, securities derived therefrom, and ready forward contracts in bonds, debentures, debenture stock, securitised debt and other debt securities; such contracts on recognised stock exchanges must comply with rules and directions issued under the Securities Contracts (Regulation) Act and SEBI Act, with rules/guidelines/directions issued by the Reserve Bank under its enabling statutes, and with RBI notifications under the Securities Contracts (Regulation) Act.

Domestic asset managers deemed foreign institutional investors when managing offshore-raised funds; registration, eligibility and investment limits apply.
The amendments define domestic asset management company and domestic portfolio manager, deem such entities to be Foreign Institutional Investors when they manage funds brought from outside India for sub-accounts, and permit their registration as FIIs subject to existing application procedures and SEBI verification of valid underlying approval/registration and absence of pending disciplinary proceedings. Certificates are limited by the validity of underlying registrations, lapse or suspend on expiry or suspension of those registrations, and domestic managers are exempt from the registration fee. Additional eligibility, disclosure and undertaking requirements and investment-route and concentration limits are imposed for foreign corporate or individual sub-accounts.

Appointment of SEBI member: full-time member appointed under statutory authority for a three-year term.
The Central Government appoints Dr. Jayanth Rama Varma as a full-time Member of the Securities and Exchange Board of India under statutory authority and applicable service rules. The appointment is effected by notification dated 29 February 2000, and Dr. Varma shall hold office for three years from the date he assumes office.

Portfolio manager managing foreign funds permitted under foreign institutional investor regulations, clarifying cross border management compliance.
Amendment adds Regulation 16A allowing a portfolio manager to manage funds raised, collected or brought from outside India in accordance with the Securities and Exchange Board of India (Foreign Institutional Investors) Regulations, 1995; the amendment is made under statutory authority and takes effect upon publication in the Official Gazette.

Re-appointment of SEBI Chairman under statutory authority extends the Chairman's term and confirms regulatory leadership.
The Central Government, invoking its statutory authority and applicable service rules, re-appoints Shri D.R. Mehta as Chairman of the Securities and Exchange Board for a specified fixed term commencing on the stated effective date; the notification records the statutory basis, the duration of the term, and the administrative origin of the appointment.

Registration as Debenture Trustee: revised application form requires comprehensive corporate, financial and experience disclosures for registration.
Amendment replaces Form A in Schedule I to prescribe a comprehensive application for registration as a Debenture Trustee, requiring applicant identity and contact details, organisational structure, directors, infrastructure, a three year business plan, detailed financial statements, past debenture trusteeship experience, investor grievance mechanisms, and disclosure of regulatory or criminal involvement, together with a signed declaration and an additional renewal information sheet covering compliance, audits, defaults and investigations.

Collective investment scheme definition aligned with statutory meaning, replacing prior regulatory wording and effective on publication.
The amendment substitutes sub regulation (2) of regulation 2 of the 1999 Regulations by providing that the expression "collective investment scheme" shall have the same meaning as assigned to it under the Act, thereby aligning the regulatory definition with the statutory definition; the notification is made under the Act's rulemaking power and comes into force on publication in the Official Gazette.

Recognition renewal under Securities Contracts Regulation: Jaipur Stock Exchange granted renewed recognition, subject to prescribed conditions.
SEBI grants renewal of recognition to Jaipur Stock Exchange Limited for contracts in securities under the Securities Contracts (Regulation) Act, following an application for renewal and being satisfied that renewal is in the interest of trade and the public; the renewal is for a three year period and is subject to any conditions SEBI may prescribe or impose.