Relaxation of net worth certificate timelines for stock brokers aligns submissions with financial results reporting timelines. Brokers offering the margin trading facility must submit a half yearly auditor certificate confirming net worth as on 31 March and 30 September within the newly harmonised post period deadlines; stock exchanges must amend bye laws, notify members and disseminate the change for immediate implementation under SEBI's regulatory powers.
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Provisions expressly mentioned in the judgment/order text.
Relaxation of net worth certificate timelines for stock brokers aligns submissions with financial results reporting timelines.
Brokers offering the margin trading facility must submit a half yearly auditor certificate confirming net worth as on 31 March and 30 September within the newly harmonised post period deadlines; stock exchanges must amend bye laws, notify members and disseminate the change for immediate implementation under SEBI's regulatory powers.
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