https://www.taxtmi.com/circulars?id=60606 Applicants for recognition as IFSC clearing corporations must maintain a minimum net worth in liquid assets at the initial threshold; recognized clearing corporations must at commencement maintain that threshold or the capital determined under SEBI's risk-based capital methodology and must increase liquid-asset net worth to a higher threshold within three years. Clearing corporations must submit a quarterly certificate signed by the managing director within fifteen days of quarter-end and immediately inform SEBI if net worth falls below the prescribed level with reasons and remedial measures. en-us Fri, 26 Apr 2019 00:00:00 +0530 Mon, 29 Apr 2019 16:30:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=60606 Applicants for recognition as IFSC clearing corporations must maintain a minimum net worth in liquid assets at the initial threshold; recognized clearing corporations must at commencement maintain that threshold or the capital determined under SEBI's risk-based capital methodology and must increase liquid-asset net worth to a higher threshold within three years. Clearing corporations must submit a quarterly certificate signed by the managing director within fifteen days of quarter-end and immediately inform SEBI if net worth falls below the prescribed level with reasons and remedial measures. Circulars SEBI Fri, 26 Apr 2019 00:00:00 +0530 https://www.taxtmi.com/circulars?id=60606