Securities and Exchange Board of India (Depositories and Participants) (Second Amendment) Regulations, 2003.

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....s 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 (Depositories and Participants) Regulations, 1996, namely:- 1. These regulations may be called the Securities and Exchange Board of India (Depositories and Participants) (Second Amendment) Regulations, 2003. 2. They shall come into force on th....

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....l redress the grievances of beneficial owners within thirty days of the date of receipt of the complaint and keep the depository informed about the number and nature of grievances redressed by it and the number of grievances pending before it." (b) In regulation 54, sub-regulation (4) shall be substituted by the following sub-regulation, namely- "54(4). The participant shall, within seven days ....

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....ry and to every stock exchange where the security is listed. Provided that in case of unlisted companies the condition of listing on all the stock exchanges where earlier issued shares are listed, shall not be applicable." (d) After regulation 55, the following new regulation shall be inserted, namely - "55A. Audit - (1) Every issuer shall submit audit report on a quarterly basis, starting fr....

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....id stipulated period, the report shall disclose the reasons for such delay. (3) The issuer shall immediately bring to the notice of the depositories and the stock exchanges, any difference observed in its issued, listed, and the capital held by depositories in dematerialised form," [F. No. SEBI/LE/16459/2003] G.N. BAJPAI, Chairman Foot note: 1. Securities and Exchange Board of India (Deposit....