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of <h1>SEBI Issues Master Circular for Depositories Effective December 3, 2024; Consolidates All Relevant Circulars and Directions.</h1> The Securities and Exchange Board of India (SEBI) has issued a Master Circular for Depositories, effective from December 3, 2024, consolidating all relevant circulars and directions up to September 30, 2024. This document updates references to repealed statutes and lists rescinded circulars. Actions taken under previous circulars remain valid under the new provisions. The Master Circular is divided into four sections: Beneficial Owner Accounts, Depository Participants, Issuer-related, and Depositories-related, with potential cross-references. It is issued under SEBI's authority to protect investor interests and regulate the securities market. The circular is accessible on the SEBI website.
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