The Securities and Exchange Board of India (SEBI) on June 01, 2023, issued Master Circular for Electronic Gold Receipts
This Master Circular shall come into force on June 01, 2023
The following has been stated namely: -
• It states that in order to enable the stakeholders to have access to all the provisions mentioned in these circulars in one place the provisions of the said circulars are incorporated in this Master Circular for EGRs and attached as Annexure A.
• This circular has covered various circulars issued on EGR till March 31, 2023.
•The circulars mentioned in the Annexure –C of this Master Circular shall stand rescinded with the issuance of the Master Circular.
• It further states that Notwithstanding such rescission:
(i) anything done or any action taken or purported to have been done or taken under the rescinded circulars, including registrations or approvals granted fees collected, registration suspended or canceled, any inspection or investigation or inquiry or adjudication commenced or show-cause notice issued prior to such rescission, shall be deemed to have been done or taken under the corresponding provisions of this Master Circular.
(ii) any application made to SEBI under the rescinded circulars, prior to such rescission, and pending before it shall be deemed to have been made under the corresponding provisions of this Master Circular.
(iii) The previous operation of the rescinded circulars or anything duly done or suffered thereunder, any right, privilege, obligation, or liability acquired, accrued, or incurred under the rescinded circulars, any penalty, incurred in respect of any violation committed against the rescinded circulars, or any investigation, legal proceeding or remedy in respect of any such right, privilege, obligation, liability, penalty as aforesaid, shall remain unaffected as if the rescinded circulars have never been rescinded.
• This circular is available on the SEBI Website at www.sebi.gov.in under the category “Master Circulars” and “Electronic Gold Receipts.”
[Circular No. SEBI/HO/MRD/MRD-PoD-1/P/CIR/2023/82]
