Faceless assessment and registration procedures are updated through electronic communication, revised recovery rules, extended deadlines, and replacem...
Risk-based selective vessel boarding requires accurate declarations and preserves master and agent liability where physical inspections are not select...
Permanent-establishment reassessment cannot revisit scrutinised disclosures; extended reopening fails without undisclosed material facts and within st...
The circular dated June 19, 2024, u/s 11(1) SEBI Act, 1992, addresses Contribution to Core Settlement Guarantee Fund and Default Waterfall for Limited Purpose Clearing Corporation (LPCC). It amends guidelines for contributions to Core SGF and Default waterfall, allowing direct participation by participants in LPCC. Participants' contributions to Core SGF are risk-based and subject to conditions. Timelines for contribution replenishment and default waterfall sequence are specified. LPCC must make necessary amendments and communicate implementation status to SEBI. The circular aims to protect investors' interests in the securities market.
The circular dated June 19, 2024, u/s 11(1) SEBI Act, 1992, addresses Contribution to Core Settlement Guarantee Fund and Default Waterfall for Limited Purpose Clearing Corporation (LPCC). It amends guidelines for contributions to Core SGF and Default waterfall, allowing direct participation by participants in LPCC. Participants' contributions to Core SGF are risk-based and subject to conditions. Timelines for contribution replenishment and default waterfall sequence are specified. LPCC must make necessary amendments and communicate implementation status to SEBI. The circular aims to protect investors' interests in the securities market.
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