SEBI : Notification under sub-regulation (2) of regulation 6 of the Securities and Exchange Board of India (Central Database of Market Participants) Regulations, 2003

THE GAZETTE OF INDIA

EXTRAORDINARY

PART – II – SECTION 3 – SUB-SECTION (ii)

PUBLISHED BY AUTHORITY

SECURITIES AND EXCHANGE BOARD OF INDIA

NOTIFICATION

Mumbai, the 30^th day of December, 2004

Notification under sub-regulation (2) of regulation 6 of the Securities and Exchange Board of India (Central Database of Market Participants) Regulations, 2003

S.O. No. 4 (E). WHEREAS the 31^st day of December, 2004 was specified as the notified date vide Notification S.O.No. 884(E) dated 30^th July 2004, for purposes of sub-regulation (2) of regulation 6 of the Securities and Exchange Board of India (Central Database of Market Participants) Regulations, 2003 within which specified investors being bodies corporate and their promoters and directors were required to obtain unique identification numbers;

AND WHEREAS the Board has received representations about undue hardship which may be caused by insistence on strict compliance with the above time limit in respect of certain specified investors whose promoters or directors are persons resident outside India;

AND WHEREAS the Board is satisfied that in order to mitigate the undue hardship which may be caused by insistence on strict compliance with the above time limit in respect of such promoters or directors who are persons resident outside India, it is necessary to extend the time within which they shall be required to obtain unique identification numbers;

NOW THEREFORE in exercise of the powers conferred by sub-regulation (2) of regulation 6 of the Securities and Exchange Board of India (Central Database of Market Participants) Regulations, 2003 (hereinafter referred to as ‘the said Regulations’) and in partial modification of Notification S.O. No.884(E) dated 30^th July 2004, the Board hereby specifies the 31^st day of December 2005 as the notified date for the purposes of sub-regulation (2) of regulation 6 of the said Regulations for specified investors being bodies corporate whose promoters or directors are persons resident outside India.

Explanation: For the purposes of this notification, the words ‘person resident outside India’ shall have the same meaning as is assigned to them in clause (w) of section 2 of the Foreign Exchange Management Act, 1999.

F.No. SEBI/LAD/DOP/ 301204 /2004

G.N. BAJPAI

CHAIRMAN

SECURITIES AND EXCHANGE BOARD OF INDIA