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<h1>SEBI Mandates Rs. 10 Lakh Base Minimum Capital for Category 2 Execution Only Platforms as Stock Brokers.</h1> The Securities and Exchange Board of India (SEBI) issued a circular on October 6, 2023, mandating a Base Minimum Capital (BMC) deposit of Rs. 10 Lakhs for Category 2 Execution Only Platforms (EOPs) registered as stock brokers. These platforms facilitate direct transactions in mutual fund schemes and must maintain this deposit with stock exchanges. The requirement is non-additive for entities registered in multiple segments, applying only the highest BMC deposit. Stock exchanges must implement these provisions immediately, amend relevant regulations, and inform market participants. This circular modifies previous SEBI circulars regarding BMC deposits for stock brokers.