Securities And Exchange Board of India (Custodian) (Amendment) Regulations, 2025.

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....n) (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 fulfill the net worth requirements under these regulations, separately....

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....tions 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, regulations, circulars and directions issued by the Board and the Reserve Bank of India from time to time, as may be applicable to a custodian. The custodian shall also comply wit....

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...., 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. 22. The custodian shall ensure that the Board is promptly informed about any action, legal proceedings, etc., initiated against it in respect of material breach or non-compliance by it, of any law, rules, regulations, directions of the Board or of any other regula....

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....peal 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) Regulations, 2002 vide S.O. No. 1045(E). (vii) On March 10, 2004 by the Securities and Exchange Board of India (Criteria for Fit and Proper Person) Regulations, 2004 vide S.O. No. 398(E). (viii) On January 12, 2006 by the Securities and Exchange Board of India (Custodian of Securities) (Amendment) Regulations, 2006 vide S.O. No. 39(E). (ix) On....