SEBI Modifies Submission Deadlines for Audited Accounts/Net Worth Certificate by Stock Brokers/Depository Participants
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- Last Updated on 6 July, 2024
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Circular No. SEBI/HO/MIRSD/MIRSD-PoD1/P/CIR/2024/95, Dated 04.07.2024
SEBI has notified the amendment in Para 15.8.1.1.c and 15.8.1.2.a of Master Circular for Stock Brokers, dated 22.05.2024. As a step towards ease of doing business, SEBI has decided to modify monitoring criteria for Stock Brokers (SBs) and Depository Participants (DPs). As per the amended norms, SBs shall now furnish Annual Audited Accounts by October 31st of the relevant year, instead of September 30th.
Whereas, DPs shall furnish Net worth certificate to Depository for year ending March 31st by October 31st, instead of September 30th. The provisions of this circular shall come into force with immediate effect.
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