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SEBI (Issue & Listing of Securitised Debt Inst. & Security Receipts) (2nd Amend.) Reg. 2018

Securities and Exchange Board of India Notification dated 9th October, 2018 and published in the Official Gazette on 9th October, 2018:

No. SEBI/LAD-NRO/GN/2018/43 .— In exercise of the powers conferred by section 31 read with section 17A of the Securities Contracts (Regulation) Act, 1956 (42 of 1956) and section 30 read with sections 11 and 12 of the Securities and Exchange Board of India Act, 1992 (15 of 1992), the Board hereby makes the following Regulations to further amend the Securities and Exchange Board of India (Issue and Listing of Securitised Debt Instruments and Security Receipts) Regulations, 2008, namely:-

1. These Regulations may be called the Securities and Exchange Board of India (Issue and Listing of Securitised Debt Instruments and Security Receipts) (Second Amendment) Regulations, 2018.

2. They shall come into force on the date of their publication in the Official Gazette.

3. In the Securities and Exchange Board of India (Issue and Listing of Securitised Debt Instruments and Security Receipts) Regulations, 2008, the regulation 35B shall be omitted.

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Extra Notes

Regulation 35B was inserted by the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, w.e.f. 1-12-2015

Regulation 35B: Security Deposit.
(1) The issuer shall deposit, before the opening of subscription list, and keep deposited with the stock exchange(s) an amount calculated at the rate of one per cent of the amount of securities offered for subscription to the public.
(2) The amount stipulated in sub-regulation (1) shall be deposited in the manner specified by Board and/or stock exchange(s).
(3) The amount stipulated in sub-regulation (1) shall be refundable or forfeitable in the manner specified by the Board.

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