Net worth requirements mandate maintained capital and risk buffers for exchanges and clearing corporations before profit distribution. Recognised stock exchanges and applicants for recognition as clearing corporations must maintain a minimum net worth of one hundred crore rupees; recognised clearing corporations must maintain capital (including retained earnings and reserves) to cover counterparty credit, business, legal and operational risks and hold additional capital for orderly wind-down or recovery, with the applicable minimum being the higher of the specified capital requirement and the one hundred crore rupees floor. Profit distributions are prohibited until the prescribed net worth is achieved, and an annual audited net worth certificate must be filed by the thirtieth day of September.