https://www.taxtmi.com/notifications?id=145413 The amendment regulations revise the definition of days as calendar days and update the Schedule II fit and proper person framework by altering the disqualification events, adding a reporting obligation, and requiring a reasonable opportunity of being heard before a declaration that a person is not fit and proper. They also clarify the limited effect of adverse declarations against associates or group entities, and prescribe replacement, voting restriction, and divestment requirements for persons declared not fit and proper, failing which the fit and proper criteria may be invoked against the intermediary. en-us Wed, 15 Apr 2026 00:00:00 +0530 Fri, 17 Apr 2026 10:44:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=145413 The amendment regulations revise the definition of days as calendar days and update the Schedule II fit and proper person framework by altering the disqualification events, adding a reporting obligation, and requiring a reasonable opportunity of being heard before a declaration that a person is not fit and proper. They also clarify the limited effect of adverse declarations against associates or group entities, and prescribe replacement, voting restriction, and divestment requirements for persons declared not fit and proper, failing which the fit and proper criteria may be invoked against the intermediary. Notifications SEBI Wed, 15 Apr 2026 00:00:00 +0530 https://www.taxtmi.com/notifications?id=145413