https://www.taxtmi.com/acts?id=36225 Recognised stock exchanges and clearing corporations must meet prescribed minimum networth thresholds within specified transitional periods; applicants for clearing corporation recognition must satisfy minimum networth criteria subject to a specified carve out; the Board may extend time for clearing corporations. Profit distribution to shareholders is prohibited until the applicable minima are achieved, and an annual audited networth certificate must be submitted by the specified date. Definitions clarify stock exchange networth as paid up equity plus free reserves less certain deductions, and clearing corporation networth as liquid assets as prescribed by the Board. en-us Wed, 06 Mar 2019 09:45:14 +0530 Wed, 06 Mar 2019 09:45:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=36225 Recognised stock exchanges and clearing corporations must meet prescribed minimum networth thresholds within specified transitional periods; applicants for clearing corporation recognition must satisfy minimum networth criteria subject to a specified carve out; the Board may extend time for clearing corporations. Profit distribution to shareholders is prohibited until the applicable minima are achieved, and an annual audited networth certificate must be submitted by the specified date. Definitions clarify stock exchange networth as paid up equity plus free reserves less certain deductions, and clearing corporation networth as liquid assets as prescribed by the Board. Act-Rules SEBI Wed, 06 Mar 2019 09:45:14 +0530 https://www.taxtmi.com/acts?id=36225