Rectification of mistake remains limited to self-evident record errors, preventing merits review through miscellaneous applications and preserving fin...
Tender creditworthiness conditions may extend to de facto Promoter Directors, with post-participation challenges generally barred absent arbitrariness...
Corporate representation in PMLA summons proceedings permitted through an authorised signatory, subject to directors' continuing cooperation and atten...
Helicopter charter classification requires effective control analysis, while territorial performance, reasoned credit orders and wilful suppression de...
Specified fund definition expands PAN exemption eligibility for registered alternative investment funds and qualifying International Financial Service...
Tax exemption for specified legal-services authority income applies retrospectively, subject to non-commercial activity, unchanged income sources, and...
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This circular revises position limits for trading members (TMs) in equity derivatives segment. Overall position limit for TMs (proprietary + client) is increased to higher of INR 7,500 crore or 15% of total open interest in market for index futures and options contracts. Position limits will continue to be applicable separately for index futures and options. To provide clarity, positions will be monitored based on previous day's total open interest. If market open interest drops, passive breaches beyond specified limits won't be penalized or require unwinding. The revised limits are effective immediately, while monitoring based on previous day's open interest will be implemented from April 1, 2025. Exchanges and clearing corporations must amend relevant bylaws/regulations accordingly and disseminate the circular.
This circular revises position limits for trading members (TMs) in equity derivatives segment. Overall position limit for TMs (proprietary + client) is increased to higher of INR 7,500 crore or 15% of total open interest in market for index futures and options contracts. Position limits will continue to be applicable separately for index futures and options. To provide clarity, positions will be monitored based on previous day's total open interest. If market open interest drops, passive breaches beyond specified limits won't be penalized or require unwinding. The revised limits are effective immediately, while monitoring based on previous day's open interest will be implemented from April 1, 2025. Exchanges and clearing corporations must amend relevant bylaws/regulations accordingly and disseminate the circular.
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