Vide a circular dated 26th April, 2019, SEBI has amended the SEBI (IFSC) Guidelines, 2015. Under the revised norms, every applicant seeking recognition as a clearing corporation shall have a minimum net worth of Rs. 50 Crores in form liquid assets which they shall maintain on commencement of operations in the form of liquid assets or capital as determined in accordance with the SEBI circular dated 10th April, 2019 as amended from time to time and enhance to the minimum equivalent of Rs. 100 crores over a period of 3 years from the commencement of operation.
For reading the circular, please click here.
