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Ensure financial viability before the demerger, experts say on SEBI’s proposal for demerger of clearing corporations
For example, out of one rupee received as part of exchange-clearing fees in transaction charges, roughly 70 paise goes to the exchange and 30 paise to the clearing corporation. “SEBI needs to ...
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Internal Audit Report Submission, ICCL Sets May 31 Deadline For Clearing Members
Mumbai: Indian Clearing Corporation Ltd. (ICCL) has announced that all Clearing Members who carried out clearing activities for other brokers or custodial participants between October 1 ...
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SEBI slaps Rs 5.05 cr penalty on Indian Clearing Corporation Ltd. for regulatory lapses found during audit
The Securities and Exchange Board of India (SEBI) has levied a fine of Rs 5.05 crore on the Indian Clearing Corporation Ltd (ICCL) for various violations. The violations included submitting the ...