Company and SEBI Law
SEBI has amended the Securities and Exchange Board of India (Intermediaries) Regulations, 2008. Board has introduced summary proceedings for specific non-compliant intermediaries. These proceedings cover stock brokers, clearing members, depository participants, and others failing to meet obligations or violating securities laws. The amendment mandates the issuance of notices, submission of responses with documentary evidence, and the subsequent passing of orders.
Notification No. SEBI/LAD-NRO/GN/2024/216 dated 06.12.24
