Finance Ministry tweaks rules to enhance ease of doing business for stock exchange brokers

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Finance Ministry tweaks rules to enhance ease of doing business for stock exchange brokers

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Finance Ministry tweaks rules to enhance ease of doing business for stock exchange brokers

//business-finance.news-articles.net/content/202 .. f-doing-business-for-stock-exchange-brokers.html

Published in Business and Finance on Monday, May 19th 2025 at 14:00 GMT by cnbctv18
^{🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source}

The Department of Economic Affairs amended Rule 8 of the Securities Contracts (Regulation) Rules, 1957, to enhance ease of doing business for brokers.

The Finance Ministry of India has introduced amendments to the Securities Contracts (Regulation) Rules, 1957, aimed at enhancing the ease of doing business for stock brokers. These changes, effective immediately, include the elimination of the requirement for stock brokers to submit audited annual returns to stock exchanges, thereby reducing compliance burdens. Additionally, the amendments allow stock brokers to submit a one-time certificate from their tax auditor or chartered accountant confirming compliance with net worth requirements, instead of the previous need for periodic submissions. These modifications are part of broader efforts to streamline regulations and foster a more conducive environment for financial market participants.

Read the Full CNBCTV18 Article at:
[ https://www.cnbctv18.com/market/finance-ministry-tweaks-rules-ease-of-business-for-stock-brokers-ws-l-19606936.htm ]

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Finance Ministry tweaks rules to enhance ease of doing business for stock exchange brokers