Securities and Exchange Board of India (Depositories & Participants (Amendment) Regulations, 1999.
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....s and Exchange Board of India Act, 1992 (15 of 1992), the Board hereby makes the following regulations further to amend Securities and Exchange Board of India (Depositories and Participants)Regulations,1996, namely: l.(i) These regulations may be called Securities and Exchange Board of India (Depositories and Participants) (Amendment) Regulations, 1999. (ii) They shall come into force on the dat....
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....a), for the first proviso the following proviso shall be substituted namely:- "Provided that the stock broker shall have a minimum net worth of rupees 50 lakhs and the aggregate value of portfolio of securities of the beneficial owners held in dematerialised form in a depository through him, shall not exceed the following Limits: Net worth (in lakhs) Aggregate Value of Portfolio of Securities ....


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