THE GAZETTE OF INDIA — THE SECURITIES AND EXCHANGE BOARD OF INDIA ACT, 1992

THE GAZETTE OF INDIA EXTRAORDINARY PART _III SECTION IV PUBLISHED BY AUTHORITY SECURITIES AND EXCHANGE BOARD OF INDIA NOTIFICATION Mumbai; the 2Oth day of November, 2003 Securities and Exchange Board of India (Central Database of Market Participants) Regulations; 2003 F No. SEBIILE/26/2003 In exercise of the powers conferred by section 30 read with sections 11, I1A, 12 and 19 of the Securities and Exchange Board of India Act; 1992 (15 of 1992) , the Board hereby makes the following Regulations, namely Chapter | PRELIMINARY Short Title and Commencement: 1. (1) These Regulations may be called Securities and Exchange Board of India (Central Database of Market Participants) Regulations, 2003. (2) These Regulations shall come into force on such date as may be specified by the Board: Provided that different dates may be specified for different provisions of these regulations and any reference in any such provision to the commencement of these regulations shall be construed as a reference to the commencement of that provision. Definitions: 2. (1) In the Regulations; unless the context otherwise requires (a) 'Act' means the Securities and Exchange Board of India Act; 1992; (b) 'associate' in relation to an intermediary or a listed company means a person Page 1 of 13 who, directly or indirectly, by himself or in combination with his relatives exercises control over the intermediary or listed company or has a holding of not less than 15% in the paid up equity capital of the intermediary or the listed company; (ii)in respect of whom the intermediary or listed company directly or indirectly exercises control; whose director or partner is also a director or partner of the intermediary or listed company: Explanation-~For the purposes of this clause i) 'control' means control as defin