Securities and Exchange Board of India (Facilitation of Issuance of Indian Depository Receipts) (Amendment) Regulations, 2009
No. LAD-NRO/GN/2009-2010/10/166936 - In exercise of the powers
conferred by
section 30 read with clause (ba) of sub-section (2) of section
11 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
(Custodian of Securities) Regulations, 1996, the Securities
and Exchange Board of
India (Depositories and Participants) Regulations, 1996 and
the Securities and
Exchange Board of India (Foreign Institutional Investors)
Regulations, 1995,
namely:-
1. Short title and commencement.- (1) These regulations may
be called the Securities and Exchange Board of India (Facilitation
of Issuance of Indian Depository Receipts) (Amendment)
Regulations, 2009.
(2) They shall come into force on the date of their publication
in the Official
Gazette.
2. Amendment to the Securities and Exchange Board of India
(Custodian of
Securities) Regulations, 1996.- In the Securities and Exchange
Board of India (Custodian of Securities)
Regulations, 1996, -
(i) in regulation 2, in clause (e), after sub-clause (i),
the following subclause
shall be inserted, namely:-
“(ia) undertaking activities as a Domestic Depository
in terms of the Companies (Issue of Indian Depository Receipts)
Rules, 2004;”
3. Amendment to the Securities and Exchange Board of India
(Depositories and
Participants) Regulations, 1996.- In the Securities and Exchange
Board of India (Depositories and Participants) Regulations,
1996, -
(i) in regulation 28, in clause (a), after the words “debenture
stock” and
before the words “or other marketable securities”,
comma and the
words “, Indian Depository Receipts” shall be
inserted.
4. Amendment to the Securities and Exchange Board of India
(Foreign
Institutional Investors) Regulations, 1995.- In the Securities
and Exchange Board of India (Foreign Institutional Investors)
Regulations, 1995, -
(i) in regulation 15, in sub-regulation (1),
(a) in clause (f), the mark “.” occurring at
the end shall be substituted with
the mark “;”;
(b) after clause (f), the following clause shall be inserted,
namely:-
“(g) Indian Depository Receipts.”
|
