https://www.taxtmi.com/notifications?id=139684 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. en-us Tue, 17 Jan 2023 00:00:00 +0530 Wed, 18 Jan 2023 18:10:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=139684 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. Notifications SEBI Tue, 17 Jan 2023 00:00:00 +0530 https://www.taxtmi.com/notifications?id=139684