https://www.taxtmi.com/circulars?id=64668 AMCs must participate in establishing a Limited Purpose Clearing Corporation (LPCC) for clearing and settling corporate debt repo transactions, contributing capital in proportion to the Average AUM of specified open-ended debt-oriented schemes for FY 2019-20 as calculated by AMFI. Contributions are obligatory and must comply with networth, conditions and timelines under the SECC Regulations and related circulars, with AMCs required to maintain the networth prescribed under Regulation 21(f) over and above the LPCC contribution. en-us Tue, 02 Feb 2021 00:00:00 +0530 Wed, 03 Feb 2021 11:01:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=64668 AMCs must participate in establishing a Limited Purpose Clearing Corporation (LPCC) for clearing and settling corporate debt repo transactions, contributing capital in proportion to the Average AUM of specified open-ended debt-oriented schemes for FY 2019-20 as calculated by AMFI. Contributions are obligatory and must comply with networth, conditions and timelines under the SECC Regulations and related circulars, with AMCs required to maintain the networth prescribed under Regulation 21(f) over and above the LPCC contribution. Circulars SEBI Tue, 02 Feb 2021 00:00:00 +0530 https://www.taxtmi.com/circulars?id=64668