Securities and Exchange Board of India Regulations Update 2024
On November 29, 2024, SEBI made an important update by issuing the Securities and Exchange Board of India (Merchant Bankers) (Amendment) Regulations, 2024. This new rule states that merchant bankers must give the Board all the details about acquiring securities from a company they manage within 15 days of the transaction. When it comes to buying securities as part of underwriting or market making duties, they have to report to the Board every quarter as per the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018.
The Government of India has also taken steps to improve milk production and the productivity of bovine animals in the country. These initiatives aim to make a positive impact on the dairy industry.
SEBI has recently allowed stockbrokers to use the same mobile number or email address for multiple clients from the same family, under certain conditions. This change was made in response to specific requests from clients and will be implemented based on those unique circumstances.
In addition, the Securities and Exchange Board of India (Depositories and Participants) (Third Amendment) Regulations, 2024 has been introduced. This amendment requires every participant to offer the beneficial owner the option to nominate a person in a specified manner. This regulation aims to provide more flexibility and security for investors in the securities market.
