Networth Requirements :

Recognised Stock Exchanges and Clearing Corporations are required to maintain minimum net worth requirements of Rs. 100 crores at all times. The existing recognized Stock Exchanges and Clearing Corporations are required to fulfill the networth requirement within a maximum period of 3 years from the date of commencement of these Regulations. The limit is not applicable to an applicant performing clearing functions of a recognized stock exchange on the date of commencement of these regulations. It is further provided that the recognized Stock Exchange or the recognized Clearing Corporation shall not distribute profit in manner to its shareholders until specified networth limit is achieved. Recognised stock exchange or clearing corporation is required to submit an audited networth certificate from the statutory auditor on a yearly basis by the thirtieth day of September of every year for the preceeding financial year.