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of <h1>SEBI Updates Net Worth Rules for IFSC Clearing Corporations: Minimum Rs. 50 Crore, Rising to Rs. 100 Crore Over 3 Years.</h1> The circular issued by SEBI on April 26, 2019, addresses net worth requirements for Clearing Corporations in the International Financial Services Centre (IFSC). It amends Clause 5 of the SEBI (IFSC) Guidelines, 2015, following the SECC Regulations, 2018. Clearing Corporations must maintain a minimum net worth of fifty crore rupees in liquid assets, increasing to one hundred crore rupees over three years. They must submit quarterly net worth certificates to SEBI, with the first due for the April-June 2019 quarter. Any shortfall must be immediately reported to SEBI, detailing corrective measures. This circular aims to protect investors and regulate the securities market.
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