https://www.taxtmi.com/circulars?id=65333 SEBI's framework treats Electronic Gold Receipts (EGRs) as securities and establishes a three tranche operational model: creation of EGRs by Vault Managers via a common Depository interface upon receipt of eligible physical gold that meets prescribed delivery standards; continuous trading of EGRs on recognized exchange segments with Clearing Corporations settling transfers of EGRs and cash; and conversion of EGRs into physical gold through depositor requests with extinguishment and reconciliation. The framework mandates reconciliation, periodic inspections, upfront disclosure of storage, withdrawal and assaying charges, and enables fungibility and interoperability across vault locations. en-us Mon, 10 Jan 2022 00:00:00 +0530 Mon, 10 Jan 2022 17:55:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=65333 SEBI's framework treats Electronic Gold Receipts (EGRs) as securities and establishes a three tranche operational model: creation of EGRs by Vault Managers via a common Depository interface upon receipt of eligible physical gold that meets prescribed delivery standards; continuous trading of EGRs on recognized exchange segments with Clearing Corporations settling transfers of EGRs and cash; and conversion of EGRs into physical gold through depositor requests with extinguishment and reconciliation. The framework mandates reconciliation, periodic inspections, upfront disclosure of storage, withdrawal and assaying charges, and enables fungibility and interoperability across vault locations. Circulars SEBI Mon, 10 Jan 2022 00:00:00 +0530 https://www.taxtmi.com/circulars?id=65333