TaxTMI 
TaxTMI 
Securities And Exchange Board of India (Custodian) (Amendment) Regulations, 2025.
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....ge Board of India (Custodian) (Amendment) Regulations, 2025. 2. They shall come into force upon the completion of six months from the date of publication of these regulations in the Official Gazette. 3. In the Securities and Exchange Board of India (Custodian) Regulations, 1996, - I. In regulation 6, in sub-regulation (1), in clause (b), after the words "safe custody of" and before the words "securities and computer", the word "physical" shall be inserted. II. In regulation 7, - i. in sub-regulation (1), the word "fifty" shall be substituted with the word "seventy-five"; ii. after sub-regulation (1), the following provisos shall be inserted, namely, - "Provided that the custodian shall fulf....
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....l be inserted, namely, - "Obligations and responsibilities. 19B. The custodian shall be required to meet obligations and discharge responsibilities, in the manner specified by the Board from time to time, to ensure: (1) appropriate governance structure and processes; (2) appropriate risk management policy and processes; (3) scalable infrastructure and appropriate technical capacity; (4) framework for orderly winding down; and (5) any other measure as may be specified by the Board from time to time." VI. In the Third Schedule, after clause 11, the following clauses shall be inserted, namely, - "12. The custodian shall abide by the provisions of the Act, rules, r....
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....ntrol procedures as well as financial and operational capabilities which can be reasonably expected to protect its operations, its clients, and other registered entities from financial loss arising from theft, fraud, and other dishonest acts, professional misconduct or omissions. 19. The custodian shall ensure that all its Directors and key management personnel are fit and proper persons at all times. 20. The custodian shall co-operate with the Board as and when required. 21. The custodian shall not neglect or fail or refuse to submit to the Board or other agencies with which it is registered, such books, documents, correspondence, and papers or any part thereof as may be demanded/requested from time to time. ....
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....ge Board of India (Custodian of Securities) (Amendment) Regulations, 1997 vide S.O. No. 732 (E). (iii) On January 5, 1998 by the Securities and Exchange Board of India (Custodian of Securities) (Amendment) Regulations, 1998 vide S.O. No. 17(E). (iv) On March 28, 2000 by the Securities and Exchange Board of India (Appeal to the Securities Appellate Tribunal) (Amendment) Regulations, 2000 vide S.O. No. 278(E) (v) On May 29, 2001 by the Securities and Exchange Board of India (Investment Advice by Intermediaries) (Amendment) Regulations, 2001 vide S.O. No. 476(E). (vi) On September 27, 2002 by the Securities and Exchange Board of India (Procedure for Holding Enquiry by Enquiry Officer and Imposing Penalty) Re....
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....gulations, 2017 vide notification no. SEBI/LAD/NRO/GN/2016-17/037 read with notification no. SEBI/LAD/NRO/GN/2016-17/38 dated March 29, 2017. (xvi) On January 1, 2019 by the Securities and Exchange Board of India (Custodian of Securities) (Amendment) Regulations, 2018 vide notification no. SEBI/LAD-NRO/GN/2019/01. (xvii) On April 17, 2020 by the Securities and Exchange Board of India (Regulatory Sandbox) (Amendment) Regulations, 2020 vide No. SEBI/LAD-NRO/GN/2020/10. (xviii) On August 3, 2021 by the (Regulatory Sandbox) (Amendment) Regulations, 2021 vide No. SEBI/LAD-NRO/GN/2021/30. (xix) On April 25, 2022 by the Securities and Exchange Board of India (Custodian) (Amendment) Regulations, 2022 vide No. SEB....