About Clasis Law

Clasis Law is one of the leading full-service Indian law firms which provide speedy services while upholding the law and following every regulation in the book. The firm is recognized as highly professional and process-driven, with the necessary systems and infrastructure to provide hassle-free services to clients. It has an established capability and operational ability to advise clients across borders through its vibrant network of international law firms located around the globe, including in some of the most difficult jurisdictions in the world. The firm's clients range from Fortune 500 companies to SMEs and small businesses. In addition, it provides specialized services to international SMEs that choose India as their preferred investment destination.


Securities and Exchange Board of India (SEBI) on August 1, 2022 has issued a Notification on "Securities and Exchange Board of India (Intermediaries) (Amendment) Regulations, 2022". This Amendment Regulation has been brought forth in order to amend the SEBI (Intermediaries) (Amendment) Regulations, 2008 in the following manner:

      1. for the words “designated member”, wherever occurring, the words “competent authority” shall be substituted;
      2. in regulation 22, clause (c) shall be substituted by the following, namely, -

“c “competent authority” means a Whole Time Member or an officer of the Board, not below the rank of a Chief General Manager, as may be designated for the purpose by the Board;”;

      1. in regulation 24, sub-regulation (1) shall be substituted by the following, namely, -

“(1) The Board may approve the initiation of proceedings for any default of the nature specified in regulation 23 against any person who has been granted a certificate of registration under the Act and regulations made thereunder.”


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