ASBA facility mandated for qualified institutional buyers and non institutional investors in public offers under amended issue of capital rules
The amendment inserts a proviso requiring that where offers involve qualified institutional buyers and noninstitutional investors the issuer shall accept bids only through the ASBA facility, thereby mandating ASBA as the exclusive bid acceptance mechanism for those investor categories under the Issue of Capital and Disclosure Requirements.

Renewal of recognition granted to a stock exchange, subject to full compliance with SEBI regulatory requirements before trading.
Renewal of recognition is granted to the Gauhati Stock Exchange Limited under the Securities Contracts (Regulation) Act, 1956 for a one year period, on the basis that it is in the interest of trade and the public, and is expressly conditional on the Exchange complying with all SEBI regulatory requirements before commencing trading; additional conditions may be prescribed or imposed subsequently.

Renewal of recognition granted for a stock exchange for one year, subject to compliance with regulatory requirements.
Renewal of recognition to Ludhiana Stock Exchange Limited is granted for one year from 28 April 2011 to 27 April 2012, subject to conditions: the Exchange may commence trading only after complying with all regulatory requirements and must comply with any conditions stipulated by the regulator from time to time.

Change in control requires prior regulatory approval for intermediaries and standardises registration conditions across regimes.
The amendments introduce a unified definition of change in control, replace references to "change of status or constitution" with "change in control" across multiple intermediary regulations, and require prior Board approval where a participant proposes change in control. Provisions of regulation 6A apply mutatis mutandis to certain registrations, sub brokers must obtain fresh registration where applicable, and failure to obtain prior approval for change in control is specified as a regulatory contravention.

Self-clearing member recognition extended to currency derivatives, requiring deposit and maintenance of specified net worth conditions.
Amendment expands the regulations to cover the currency derivatives segment and substitutes "clearing member" with "clearing member or self-clearing member" in Chapter IIIB, specified schedules and forms. It adds that an applicant desiring to act as a self-clearing member in the currency derivatives segment must, in addition to existing requirements, deposit a sum with the clearing corporation or clearing house and maintain such net worth as specified by the Board, and updates the Explanation to regulation 16L accordingly.

Certification requirement for depository participant personnel: mandatory NISM DOCE for client-facing and operational roles with exemptions.
Notification requires associated persons of registered depository participants in client interaction, client securities handling, investor grievance redressal, internal control, operational risk activities, and related record maintenance to obtain the NISM-Series-VI: Depository Operations Certification Examination (DOCE). Persons employed on the notification date must obtain DOCE within two years; those engaged thereafter within one year. Holders of specified NSE, NSDL, or BSE depository certifications are exempt until their certificates' validity expires, and completion of CDSL's DP Training Programme provides a three year exemption from programme completion.

Recognition renewal under Securities Contracts (Regulation) Act granted to stock exchange for limited term, subject to SEBI compliance.
Renewal of recognition is granted to United Stock Exchange of India Limited under the Securities Contracts (Regulation) Act for a one-year term commencing in March 2011 and ending in March 2012 for contracts in securities, subject to conditions stated and to such conditions as may be prescribed or imposed by SEBI from time to time.

Part-time member appointment: Secretary of Corporate Affairs named to the securities regulator under the Act, effective immediately.
The Central Government, pursuant to provisions of the Securities and Exchange Board of India Act, appoints Shri D.K. Mittal, Secretary, Ministry of Corporate Affairs, as a Part Time Member of the securities regulator to fill the vacancy caused by the former member; the appointment is effective immediately and continues until further orders.

Renewal of recognition for a stock exchange contingent on full compliance with regulatory requirements before trading begins.
Renewal of recognition is granted to Jaipur Stock Exchange Limited for a one year term on the statutory basis that renewal serves the interests of trade and the public, subject to the condition that the exchange may commence trading in securities only after complying with all regulatory requirements imposed by the Securities and Exchange Board of India.