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ArticleSEBI Revises ‘Fit And Proper’ Criteria For IntermediariesThe Securities and Exchange Board of India has introduced significant amendments to the 'fit and proper person' criteria for market intermediaries, fundamentally altering how disqualifications are determined and applied. The revised framework shifts from automatic disqualifications based on pending charges to a more nuanced approach centered on actual convictions, while introducing new procedural safeguards and disclosure requirements.IndiaCorporate/Commercial LawAZB & Partners
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