Securities and Exchange Board Of India (Self Regulatory Organizations) (Second Amendment) Regulations, 2013

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....s) (Second Amendment) Regulations, 2013 No. LAD-NRO/GN/2013-14/31/6883.-In exercise of the powers conferred by Section 30 of the Securities and Exchange Board of India Act, 1992 (15 of 1992), the Board hereby makes the following regulations to amend the Securities and Exchange Board of India (Self Regulatory Organizations) Regulations, 2004, namely :- 1. These regulations may be called the S....

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....g clause shall be substituted, namely- "(i) the applicant is a fit and proper person based on the criteria specified in Schedule II of the Securities and Exchange Board of India (Intermediaries) Regulations, 2008;" (iii) after regulation 4, the following new regulation shall be inserted, namely- "Grant of in-principle approval. 4A. Where the applicant is not in compliance with the prov....