SEBI Eases Inspection Requirements of Accredited Storage Facilities With Nil Stock
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- By Chetan Kulasri
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- Last Updated on 31 May, 2024
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Circular No. SEBI/HO/MRD/MRD-PoD-1/P/CIR/2024/64, Dated: 29.05.2024
Under extant norms, clearing corporations shall engage expert agencies to conduct 2 independent audits of goods and other facilities in the storage facilities. Now, SEBI has decided that facilities with ‘Nil’ stock for the past 6 months need only 1 inspection per year. Further, if a storage facility has ‘Nil’ stock for the entire year, there will no requirement of inspection. However, periodic in-house inspections would still be required. The circular shall be effective from calendar year 2024.
Click Here To Read The Full Circular
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