SEBI Amendments

SEBI issued Circular No. SEBI/HO/CFD/DIL2/CIR/P/2019/94 on
19 August 2019, specifying the fines to be imposed by the Stock
Exchanges for non-compliance with certain provisions of SEBI
(ICDR) Regulations, 2018.

In partial modification of the same, para 9A is inserted after para 9:

“9A. The Stock Exchanges may deviate from the provisions of the
circular, wherever the interest of the investors is not adversely affected,
if found necessary, only after recording reasons in writing.”

The aforesaid para shall always be construed to be a part of the original
circular.