Section 20 in SECURITIES AND EXCHANGE BOARD OF INDIA (CHANGE IN CONTROL IN INTERMEDIARIES) (AMENDMENT) REGULATIONS, 2023
20. In the Securities and Exchange Board of India (Vault Managers ) Regulations , 2021 , in regulation 8,the clause (b) shall be substituted as under ,namely ,-
(b)the Vault Manager shall obtain prior approval of the Board in case of change in control in such manner as specified by the Board ;"
