https://www.taxtmi.com/circulars?id=58270 SEBI prescribes upper-side inventory limits and operational rules for market makers on SME exchanges, including buy-quote exemption and re-entry thresholds that include a mandatory initial inventory of five percent of the issue; exemptions are unavailable for the first three months, only exchange-acquired shares count toward thresholds, two-way quoting is required until the upper threshold is reached and must resume at re-entry, no downside exemption applies, and exchanges must amend bye-laws, publish the circular, and report implementation to SEBI. en-us Tue, 27 Nov 2012 00:00:00 +0530 Fri, 14 Dec 2018 14:14:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=58270 SEBI prescribes upper-side inventory limits and operational rules for market makers on SME exchanges, including buy-quote exemption and re-entry thresholds that include a mandatory initial inventory of five percent of the issue; exemptions are unavailable for the first three months, only exchange-acquired shares count toward thresholds, two-way quoting is required until the upper threshold is reached and must resume at re-entry, no downside exemption applies, and exchanges must amend bye-laws, publish the circular, and report implementation to SEBI. Circulars SEBI Tue, 27 Nov 2012 00:00:00 +0530 https://www.taxtmi.com/circulars?id=58270