Utilization of profits and investments by recognised clearing corporations must comply with Board-specified norms under securities regulation. Regulation 40 requires that the utilization of profits and investments by recognised clearing corporations be carried out in accordance with norms specified by the Board, creating a direct compliance obligation linking clearing corporations' profit deployment and investment activities to Board-prescribed standards.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Utilization of profits and investments by recognised clearing corporations must comply with Board-specified norms under securities regulation.
Regulation 40 requires that the utilization of profits and investments by recognised clearing corporations be carried out in accordance with norms specified by the Board, creating a direct compliance obligation linking clearing corporations' profit deployment and investment activities to Board-prescribed standards.
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