SEBI, vide Circular dated September 26, 2016 (hereinafter mentioned as ‘circular’) and Master Circular for Stock Brokers dated May 22, 2024 (hereinafter mentioned as ‘Master Circular’), inter alia, specified timelines for submission of annual audited accounts/net worth certificate by Stock Brokers/Depository Participants as part of monitoring criteria.
It has been decided to revise the timeline to October 31st of the relevant year. Accordingly, the said paras shall be read as under:
Para 6.1.1.c (Monitoring criteria for Stock Brokers) of Annexure to Circular and Para 15.8.1.1.c of Master Circular – Failure to furnish Annual Audited Accounts by October 31st of the relevant year
Para 6.1.2.a (Monitoring criteria for DPs) of Annexure to Circular and Para 15.8.1.2.a of Master Circular – Failure to furnish Net worth certificate to Depository for year ending March 31st by October 31st
The provisions of this circular shall come into force with immediate effect.
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