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of <h1>SEBI Issues New Master Circular for Stock Brokers, Replacing 2018 Version; Actions Under Old Circulars Remain Valid.</h1> The Securities and Exchange Board of India (SEBI) has issued a new Master Circular for Stock Brokers, consolidating applicable circulars into a single document. This circular supersedes the previous Master Circular dated June 01, 2018, and any subsequent circulars related to stock brokers. Despite rescinding previous circulars, actions taken under them remain valid under the new circular. Applications and legal proceedings under the old circulars will continue unaffected. The circular is issued under the authority of Section 11(1) of the SEBI Act, 1992, and is accessible on the SEBI website.
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