Regulation 140 — Alteration of composition of a Group

(1) Where the composition of a Group
changes, the holding company shall inform the Commission immediately by ma king an application
as per format App-6 for altering the details of registration granted in Annexure-Q-1 and submit the
following documents to the Commission-
(i) a revised statement showing details of the holding company and its subsidiaries, their
sponsors, directors and pattern of shareholding in the form as Appendix-A to App-6;
(ii) original certificate of registration of a group or certificate of change in th e composition
of a group;
(iii) affidavit by the directors of the holding company in the form attached as Appendix-B to
App-6;
(iv) original challan or other evidence of payment of fee specified in Seventh Schedule to the
Act (not applicable in case of online filing); and
(v) any other information required by the Commission.
(2) The Commission shall, upon receipt of application and documents under sub-
regulation (1), alter its record and issue a certificate of change in the composition of a Group in
Annexure-Q-2.
(3) Where the holding company does not inform the Commission of the change in the
composition of the Group, the Commission shall, after imposing a penalty on the holding company
under regulation 147, change the composition of the Group and issue a certificate of change in the
composition of a Group in Annexure-Q-2.