TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Circulars
of of All Circulars
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>SEBI Mandates System Audit Framework for Professional Clearing Members; Requires Compliance Reporting and Penalty Structure Implementation.</h1> The Securities and Exchange Board of India (SEBI) has issued a circular mandating a system audit framework for Professional Clearing Members (PCMs). This framework, developed in consultation with Clearing Corporations and SEBI's Technical Advisory Committee, requires PCMs to conduct audits as per specified terms and maintain compliance with SEBI and Clearing Corporations' directives. PCMs must report non-compliances and submit audit findings to their Governing Board and Clearing Corporations within a month of audit completion. Clearing Corporations are tasked with establishing a penalty structure to enforce timely submission and resolution of audit observations. The circular is effective immediately, covering audits for FY 2023-24.
TaxTMI 
TaxTMI 
