Enhanced Supervision of Stock Brokers / Depository Participants. SEBI Circular applicable from April 2017. Various Timelines postponed
Securities and Exchange Board of India
CIRCULAR
SEBI/HO/MIRSD/MIRSD2/CIR/P/2016/138 December 20, 2016
The Managing Directors of all Recognized Stock Exchanges and Depositories
Dear Sir/Madam
Sub: Enhanced Supervision of Stock Brokers / Depository Participants
Please refer to SEBI Circular No. SEBI/HO/MIRSD/MIRSD2/CIR/2016/95 dated September 26, 2016 regarding the captioned subject. Following representations from Exchanges as well as market participants, it has been decided that the aforesaid Circular would be made effective from April 1, 2017. Various timelines mentioned in the circular for the different activities will consequently get postponed. Accordingly, the timeline indicated in the relevant paragraphs would stand revised as per Annexure.
Yours faithfully,
Debashis Bandyopadhyay
General Manager
Market Intermediaries Regulation and Supervision Department
Encl. : Annexure
Annexure
Revised Time Line for implementing various provisions of Revised Time Line for implementing various provisions of SEBI Circular No. SEBI/HO/MIRSD/MIRSD2/CIR/2016/95 dated September 26, 2016..
| Paragraph Numbers | Revised Timeline |
| 2.3.1 | July 01, 2017 |
| 2.3.2 | October 01, 2017 |
| 2.7 | July 01, 2017 |
| 3.5 | July 01, 2017 |
| 4.3.1 | April 01, 2017 |
| 4.7 | Half year beginning from April 01, 2017 |
| 5.7 | April 01, 2017 |
| 6.1.4 | July 01, 2017 |
| 7.3 | July 01, 2017 |
| 8.2 | July 01, 2017 |
Relying upon investigation report without own reasons recorded amounted to borrowed satisfaction u/s 148 which is not permissible In a…
AO taking cognizance of belated return ought to have issued the mandatory notice under section 143(2) of the Act -…
When assessee failed to explain source of purchases expenditure, estimating profit rate was contrary to provision of Section 69C which…
Income Tax Department not trusted even upon its lawyers – SC slams ITD on adopting a long process resulting delay…
When goods are loaded in two trucks with one e-way bill specifically mentioning both truck numbers, no intention to evade…
GOI makes four new Labour Codes effective from 21st November 2025 Government of India has announced that the four Labour…