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of <h1>Regulation 14 mandates stock exchanges and clearing corporations maintain 100 crore rupees net worth; profit distribution restricted.</h1> Regulation 14 of the Securities Contracts (Regulation) (Stock Exchanges and Clearing Corporations) Regulations, 2018 mandates that recognized stock exchanges and clearing corporations maintain a minimum net worth of 100 crore rupees. Clearing corporations must also maintain additional capital to cover various risks and potential operational wind-down costs. Profit distribution to shareholders is prohibited until the required net worth is achieved. Both stock exchanges and clearing corporations must submit an audited net worth certificate annually by September 30 for the preceding financial year. The net worth is defined as paid-up equity share capital plus free reserves, minus certain deductions.
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