Consolidation of regulatory circulars: master circular compiles SEBI directives for stock exchanges and clearing corporations; individual circulars prevail. SEBI's Master Circular compiles applicable circulars and communications for recognized stock exchanges and clearing corporations, updates references to repealed statutes, organises guidance across trading, technology, settlement, risk management, derivatives and administration, and centralises access to existing regulatory guidance. In case of inconsistency, the underlying circular prevails, and the Master Circular supersedes the prior compilation while remaining a consolidation and reference document available on the regulator's website.
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.
Consolidation of regulatory circulars: master circular compiles SEBI directives for stock exchanges and clearing corporations; individual circulars prevail.
SEBI's Master Circular compiles applicable circulars and communications for recognized stock exchanges and clearing corporations, updates references to repealed statutes, organises guidance across trading, technology, settlement, risk management, derivatives and administration, and centralises access to existing regulatory guidance. In case of inconsistency, the underlying circular prevails, and the Master Circular supersedes the prior compilation while remaining a consolidation and reference document available on the regulator's website.
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