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SEBI (Listing Obligations & Disclosure Requirements) (4th Amend.) Reg. 2018

Securities and Exchange Board of India (SEBI) Notification dated the 8th June, 2018 (published in the Gazette of India on 8th June, 2018), reads as follows:-

No. SEBI/LAD-NRO/GN/2018/24.—In exercise of the powers conferred by section 11, sub-section (2) of section 11A and section 30 of the Securities and Exchange Board of India Act, 1992 (15 of 1992) read with section 31 of the Securities Contracts (Regulation) Act, 1956 (42 of 1956), the Board hereby makes the following regulations to further amend the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, namely,–

1. These regulations may be called the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) (Fourth Amendment) Regulations, 2018.

2. These regulations shall come into force on the one hundred and eightieth day from the date of its publication in the Official Gazette.

3. In the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, -

 (i) in regulation 7, in sub-regulation (2), the words “both physical and electronic” shall be omitted.

 (ii) in regulation 40, in sub-regulation (1), -
   a. the symbol “.” shall be substituted with the symbol “:”;
   b. the following proviso shall be inserted, namely, -

    “Provided that, except in case of transmission or transposition of securities, requests for effecting transfer of securities shall not be processed unless the securities are held in the dematerialized form with a depository.”

 (iii) in Schedule VII, in clause A, sub-clause (2) shall be omitted.

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