Securities and Exchange Board of India (Depositories and Participants) (Second Amendment) Regulations, 2024

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....rities and Exchange Board of India (Depositories and Participants) Regulations, 2018 namely,- 1. These regulations may be called the Securities and Exchange Board of India (Depositories and Participants) (Second Amendment) Regulations, 2024. 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 (Depositories and Participants) Regulations, 2018, after Chapter VII and before Chapter VIII, the following Chapter shall be inserted, namely,- "CHAPTER VIIA RESTRICTION IN DEALING WITH OTHER ENTITIES Restriction in having association with certain persons 82B. (1) No depository or its agent, shall have any ....

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....orm is not used for indulging in any activity as referred to in clause (i) or (ii) of sub-regulation (1). Explanation 3. - For the removal of doubts, it is clarified that the term "another person" in this regulation shall not include a person who is engaged in investor education, provided that such a person does not, directly or indirectly, indulge in any activity as referred to in clause (i) or (ii) of sub-regulation (1) without the necessary permission. 82C. The Board may, in case of violation of any of the provisions of regulation 82B, take such action as it may deem fit including action under Chapter V of the Securities and Exchange Board of India (Intermediaries) Regulations, 2008." BABITHA RAYUDU, Executive ....