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<h1>SEBI Requires Index Providers to Incorporate Under Companies Act, 2013; Minimum Net Worth Set at 25 Crore</h1> The Securities and Exchange Board of India (SEBI) mandates that an applicant for registration as an Index Provider must be incorporated under the Companies Act, 2013, or equivalent legislation. A stock exchange or regulated intermediary must form a separate legal entity for Index Provider activities within two years. Applicants must have a minimum net worth of twenty-five crore rupees or its equivalent, with existing entities given two years to comply. Additionally, applicants must have the necessary infrastructure, qualified human resources, and meet the fit and proper criteria for registration.