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of <h1>SEBI Issues New Framework for MIIs: Quarterly Shareholding Disclosures, Designated Depository Oversight, and Compliance Enforcement.</h1> The Securities and Exchange Board of India (SEBI) issued a circular to all Market Infrastructure Institutions (MIIs), including stock exchanges, clearing corporations, and depositories, outlining a new framework for monitoring shareholding compliance. The circular mandates that MIIs disclose their shareholding patterns quarterly, appoint a Designated Depository (DD) for monitoring shareholding limits, and ensure that all shareholders meet the 'fit and proper' criteria. The DD will oversee shareholding thresholds and inform relevant parties of any breaches, with potential freezing of voting rights and corporate benefits for non-compliance. The provisions will take effect 90 days from the circular's issuance.
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