Para 5 - Net worth requirement of a permitted stock exchange, clearing corporation and depository - SEBI (International Financial Services Centres) Guidelines, 2015

Net worth requirement of a permitted stock exchange, clearing corporation and depository. 5. (1) Every permitted stock exchange shall have a minimum networth equivalent of twenty five crore rupees initially and it shall enhance its networth to a minimum equivalent of one hundred crore rupees over the period of three years from the date of approval. (2) Every permitted clearing corporation shall have a minimum networth equivalent of fifty crore rupees initially and it shall enhance its networth to a minimum equivalent of three hundred crore rupees over the period of three years from the date of approval. (3) Every permitted depository shall have a minimum networth of twenty five crore rupees and it shall enhance its networth to a minimum equivalent of one hundred crore rupees over the period of three years from the date of approval.