Implications of SEBI (Intermediaries) (Amendment) Regulations, 2017

[Rishabh Chawla is a 5th year B.A., LL.B.(Hons.) Student, National Law Institute University in Bhopal] Introduction On May 26, 2008, the Securities and Exchange Board of India (SEBI) notified the SEBI (Intermediaries) Regulations, 2008 (Regulations). They provide for a comprehensive regulation over all intermediaries on various requirements such as registration, code of conduct, procedure for action in case of default, etc. These Regulations empower SEBI to conduct inspections of registered intermediaries. This inspection can be initiated either to ensure compliance with the provisions of law, or on the basis of investor complaints, or as a matter of routine. Although different regulations may be applicable to different intermediaries, the procedure in case of inspection and investigation is almost the same. These regulations empower a ‘Designated Member’, who is a Whole Time Member (WTM) on the board of SEBI, to authorize such inspections. Such a Designated Member…

Read more detail on Recent Business Law posts –

This entry was posted in Business law and tagged , , , , , . Bookmark the permalink.

Leave a Reply