Securities and Exchange Board of India (Intermediaries) (Second Amendment) Regulations, 2021

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....e Securities and Exchange Board of India (Intermediaries) (Second Amendment) Regulations, 2021. 2. They shall come into force on the date of their publication in the Official Gazette. 3. In the Securities and Exchange Board of India (Intermediaries) Regulations, 2008, - I. after regulation 30, the following shall be inserted namely- "30A. Special procedure for action on expulsion from membership of the stock exchange(s) or clearing corporation(s) or termination of all the depository participant agreements with depository (ies) (1) While disposing of the proceedings under this regulation, the Board shall not be bound by the procedure specified in the foregoing provisions of this Chapter. (2) On recei....

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....from the date of receipt of written submissions. (6) The Board may, while passing such order, impose such conditions upon the person as it deems fit to protect the interest of the investors or its clients or the securities market. (7) The Board may require the person concerned to satisfy the Board the factors as it deems fit, including but not limited to the following - (a) the arrangements made by the person for maintenance and preservation of records and other documents required to be maintained under the relevant regulations; (b) redressal of investor grievances; (c) transfer of records, funds or securities of its clients; (d) the arrangements made by it for ensuring continuity of ser....

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....ck exchange(s) or the clearing corporation(s) or the depository (ies), as the case may be." AJAY TYAGI, Chairman [ADVT.-III/4/Exty./53/2021-22] Footnote: 1. The Securities and Exchange Board of India (Intermediaries) Regulations, 2008 was published in the Gazette of India, Part III Section 4 on May 26, 2008 vide notification No. LAD-NRO/GN/2008/11/126538. 2. The Securities and Exchange Board of India (Intermediaries) Regulations, 2008 was subsequently amended on:- a) August 11, 2008 by the Securities and Exchange Board of India (Stock Brokers and Sub-Brokers) (Amendment) Regulations, 2008, vide notification No. LAD-NRO/GN/2008/20/134766. b) July 14, 2009 by the Securities and Exchange Board of India (Interme....