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Networth requirements.

4 - CHAPTER III NETWORTH OF STOCK EXCHANGE AND CLEARING CORPORATION 14. (1) Every recognised stock exchange shall have a minimum networth of one hundred crore rupees at all times: Provided that a recognised stock exchange having a lesser networth as on the date of commencement of these regulations shall achieve a minimum networth of one hundred crore rupees within a period of three years from the .....

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shall not distribute profits in any manner to its shareholders until the networth specified under sub-regulations (1) and (3), as the case may be, is achieved. (5) Every recognised stock exchange or recognised clearing corporation shall submit an audited networth certificate from the statutory auditor on a yearly basis by the thirtieth day of September of every year for the preceding financial yea .....

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