THE GAZETTE OF INDIA EXTRAORDINARY PART – III – SECTION 4 PUBLISHED BY AUTHORITY NEW DELHI, MAY 26, 2008 SECU… — THE SECURITIES AND EXCHANGE BOARD OF INDIA ACT, 1992

THE GAZETTE OF INDIA EXTRAORDINARY PART – III – SECTION 4 PUBLISHED BY AUTHORITY NEW DELHI, MAY 26, 2008 SECURITIES AND EXCHANGE BOARD OF INDIA NOTIFICATION th Mumbai, the 26 May, 2008 SECURITIES AND EXCHANGE BOARD OF INDIA (INTERMEDIARIES) REGULATIONS, 2008 No LAD-NRO/GN/2008/11/126538 – In exercise of the powers conferred by section 30 of the Securities and Exchange Board of India Act, 1992 (15 of 1992) the Board hereby makes the following regulations, namely: - CHAPTER I PRELIMINARY Short title and commencement. (1) These regulations may be called the Securities and Exchange Board of India (Intermediaries) Regulations, 2008. They shall come into force in relation to different classes of intermediaries on such dates as the Board may by notification in the Official Gazette appoint: Provided that the provisions of Chapters V and VI of these regulations shall come into force on the date of publication of these regulations in the Official Gazette. Definitions. (1) In these regulations, unless the context otherwise requires: - (a) "Act" means the Securities and Exchange Board of India Act, 1992 (15 of 1992); (b) "associate" means any person controlled, directly or indirectly, by the intermediary, or any person who controls, directly or indirectly, the intermediary, or any entity or person under common control with such intermediary, and where such intermediary is a natural person will include any relative of such intermediary and where such intermediary is a body corporate will include its group companies (as defined in the Monopolies and Restrictive Trade Practices Act, 1969 (Act No. 54 of 1969) or any re-enactment thereof) or companies under the same management; (c) "certificate" means a certificate of registration granted to an intermediary by the Board under the releva