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

THE GAZETTE OF INDIA EXTRAORDINARY PART III - SECTION 4 PUBLISHED BY AUTHORITY NEW DELHI, OCTOBER 03, 2018 SECURITIES AND EXCHANGE BOARD OF INDIA NOTIFICATION Mumbai, the 3 rd October, 2018 SECURITIES AND EXCHANGE BOARD OF INDIA (DEPOSITORIES AND PARTICIPANTS) REGULATIONS, 2018 No. SEBI/LAD-NRO/GN/2018/40.- In exercise of the powers conferred by section 30 of the Securities and Exchange Board of India Act, 1992 (15 of 1992) read with section 25 of the Depositories Act, 1996 (22 of 1996), the Securities and Exchange Board of India 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 (Depositories and Participants) Regulations, 2018. They shall come into force on the date of their publication in the Official Gazette. Definitions (1) In these regulations, unless the context otherwise requires, the terms used in these regulations shall bear the meanings assigned to them below, and their cognate expressions shall be construed accordingly,- (a) “Act” means the Securities and Exchange Board of India Act, 1992 (15 of 1992); (b) "applicant" means any person or persons who, acting alone or in combination with another person proposes to establish a depository under these regulations and holds fifteen percent shareholding of the depository; (c) "associate" shall have the same meaning as assigned to it under clause (b) of subregulation (1) of regulation 2 of the Securities Contracts (Regulation) (Stock Exchanges and Clearing Corportions) Regulations, 2018 or any amendments thereof; (d) "Board" means the Securities and Exchange Board of India established under section 3 of the Securities and Exchange Board of India Act, 1992 (15 of 1992); 1[ (e) ""Change in con