Securities And Exchange Board Of India (Underwriters) Amendment Regulations, 1997.

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....ities and Exchange Board of India Act, 1992 (15 of 1992) the Securities and Exchange Board of India hereby makes the following regulations further to amend the Securities and Exchange Board of India (Underwriters) Regulations, 1993. 1. (i) These regulations may be called the Securities and Exchange Board of India (Underwriters) Amendment Regulations, 1997. (ii) They shall come into force on ....

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....ded as follows :- "Provided further that the Board may, on sufficient reasons being shown extend the time by another one month in order to enable the applicant to comply with the requirements of the Board". 4. After clause (c) of Regulation 6 an Explanation shall be appended as under :- Explanation :-"For the purposes of this clause the Board shall take into account whether a previo....

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....of the investors, it may permit the underwriter to undertake the underwriting commitments already entered into by him during the validity period of the certificate." 8. (a) The first proviso of sub-regulation (1) of Regulation 12, be deleted. (b) In the second proviso to sub-regulation (1) of Regulation 12 the word "further" appearing after the word "Provided" be deleted. 9. (a) In clause....