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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>Depositories Must Maintain Net Worth Per Regulation 13 and Submit Audit Report Annually by September 30</h1> Every depository must maintain the specified net worth at all times as per Regulation 13 and submit an audited net worth certificate from the statutory auditor annually by September 30 for the previous financial year. Net worth is defined as the total value of paid-up equity share capital plus free reserves, excluding specific statutory and benefit funds, minus investments in businesses, accumulated losses, and deferred expenditures not written off. Additionally, depositories must provide the Securities and Exchange Board of India with a copy of their audited balance sheet and profit and loss account within one month after their annual general meeting.
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