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of This Master Circular consolidates and supersedes previous circulars issued by SEBI to Investment Advisers (IAs) until May 15, 2024. It rescinds the directions/instructions contained in earlier circulars listed in the Appendix, while safeguarding past actions, applications, rights, obligations, and proceedings under the rescinded circulars. The circular is issued under SEBI's powers to protect investor interests and regulate securities markets. It is available on SEBI's website under relevant categories.
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