Securities and Exchange Broad of India
Circular
CIR/MIRSD/7/2011,
June 17, 2011
Sub: Periodical report- Grant of prior approval to merchant bankers
3. Further, the merchant bankers shall continue to report the following change(s) to SEBI through the half-yearly reports submitted in accordance with SEBI Circular No. MIRSD/DPS-2/MB/Cir-16/2008 dated May 06, 2008;
a. Amalgamation, demerger, consolidation or any other kind of corporate restructuring falling within the scope of section 391 of the Companies Act, 1956 (1 of 1956) or the corresponding provision of any other law for the time being in force
b. Change in Director, including managing director/ whole-time director c. Change in shareholding not resulting in change in control
4. This circular is issued in exercise of powers conferred under Section 11(1) of the Securities and Exchange Board of India Act, 1992, to protect the interests of investors in securities and to promote the development of, and to regulate the securities market.
5. This circular is available on SEBI website (www.sebi.gov.in) under the categories “Legal Framework” and “Circulars”.
Yours faithfully,
K. SARAVANAN
Deputy General Manager
Tel. No: 022-26449220
Email id: saravanank@sebi.gov.in
