SEBI CLARIFIES IMPACT OF TRANSFER OF SHAREHOLDINGS ON CHANGE IN CONTROL OF INVESTMENT ADVISORS AND OTHER INTERMEDIARIES
Introduction In a move aimed at providing clarity regarding the transfer and transmission of shareholding in investment advisors (“IAs”), research analysts (“RAs”) and Know Your Client Registration Agencies (“KRAs”), the Securities and Exchange Board of India (“SEBI”) has issued circular no. SEBI/HO/MIRSD/MIRSD-PoD-1/P/CIR/2024/164 dated December 27, 2024 (“Circular”). The Circular clarifies the respective scenarios wherein the […]