The Securities and Exchange Board of India (SEBI) on July 07, 2024, issued a modification to Enhanced the Supervision of Stock Brokers and Depository Participants.
The following paras have been modified:
• 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 a Net worth certificate to the Depository for the year ending March 31st by October 31st.
The provisions of this circular shall come into force with immediate effect.
[Circular No. SEBI/HO/MIRSD/MIRSD-PoD1/P/CIR/2024/95]
