Net worth requirement for permitted market infrastructure mandates staged enhancement to higher capital thresholds within a multi year period. Permitted market infrastructure entities must meet prescribed initial net worth levels and escalate those levels to specified higher thresholds within three years from approval: stock exchanges and depositories have an initial net worth requirement of twenty five crore rupees rising to one hundred crore rupees; clearing corporations have an initial requirement of fifty crore rupees rising to three hundred crore rupees.
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Provisions expressly mentioned in the judgment/order text.
Net worth requirement for permitted market infrastructure mandates staged enhancement to higher capital thresholds within a multi year period.
Permitted market infrastructure entities must meet prescribed initial net worth levels and escalate those levels to specified higher thresholds within three years from approval: stock exchanges and depositories have an initial net worth requirement of twenty five crore rupees rising to one hundred crore rupees; clearing corporations have an initial requirement of fifty crore rupees rising to three hundred crore rupees.
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