The Securities Exchange Board of India (SEBI) issues master circular dated October 25, 2019 compiling the relevant circulars/communications issued up to March 31, 2019 pertaining to Stock Exchanges and Clearing Corporations. The master circular shall come into force in the date of its issue.
References in the circulars to the Statutes/Regulations which now stand repealed, have been updated in the circular. The Master Circular states that Efforts have been made to incorporate applicable provisions of existing circulars issued by other Departments of SEBI relevant to Stock Exchanges and Clearing Corporations.
In case of any inconsistency between the Master Circular and the applicable circulars, the relevant circular shall prevail.
This Master Circular shall supersede previous Master Circular dated December 16, 2016.
Click here to read the Master Circular
