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of <h1>SEBI Amends 1996 Regulations: Stock Brokers with Rs. 10 Crore Net Worth Exempt from Demat Portfolio Limits.</h1> The Securities and Exchange Board of India (SEBI) issued an amendment to the Depositories and Participants Regulations of 1996, effective upon publication in the Official Gazette. The amendment modifies regulation 19, clause (a), by introducing a provision that exempts stock brokers with a minimum net worth of Rupees Ten Crore from limits on the aggregate value of securities portfolios held in dematerialized form. Additionally, the amendment changes the financial threshold in sub-clause (x) from 'Rs. 50 lakhs' to 'Rupees ten crores.' The principal regulations were initially published in 1996 and have undergone several amendments since.
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