Regulatory Alerts2023-10-06
SEBI Master Circular for Depositories
The Securities and Exchange Board of India (SEBI) issued this Master Circular to compile all relevant directions for depositories up to August 31, 2023, into a single consolidated document. The circular rescinds previous circulars listed in Schedule A while ensuring that actions, pending applications, and liabilities incurred under the rescinded rules remain legally valid. It organizes regulatory requirements into four sections covering Beneficial Owner accounts, Depository Participants, issuers, and depositories themselves, incorporating updated statutory references and definitions.
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