Fair market value under section 50C must reflect existing property condition, not hypothetical development, and statutory valuation steps must be foll...
SEBI has issued a Master Circular dated August 04, 2023, revising guidelines for the Investor Protection Fund (IPF) and Investor Services Fund (ISF) for stock exchanges with a commodity derivatives segment. Previous circulars have been rescinded. The new guidelines, effective June 01, 2024, include detailed provisions on the constitution, management, and utilization of IPF and ISF. Exchanges must amend their bye-laws, rules, and regulations accordingly and inform SEBI of their implementation status. This Circular is issued u/s 11(1) of the SEBI Act, 1992, to protect investors and regulate the securities market.
SEBI has issued a Master Circular dated August 04, 2023, revising guidelines for the Investor Protection Fund (IPF) and Investor Services Fund (ISF) for stock exchanges with a commodity derivatives segment. Previous circulars have been rescinded. The new guidelines, effective June 01, 2024, include detailed provisions on the constitution, management, and utilization of IPF and ISF. Exchanges must amend their bye-laws, rules, and regulations accordingly and inform SEBI of their implementation status. This Circular is issued u/s 11(1) of the SEBI Act, 1992, to protect investors and regulate the securities market.
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