SEBI has mandated upstreaming of all client funds received by Stock Brokers (SBs)/Clearing Members (CMs) to Clearing Corporations (CCs)
The stock exchanges and CCs shall create an SOP for monitoring the implementation of provisions of this Circular and put in place a uniform penalty structure for non-compliance.
ESIC clarification to dormant companies
ESI has clarified that the Companies registered in ESIC through MCA portal have to declare the status of the company within six month of registration to avoid defaulter action. Before the end of the ‘Inactive” mode, the company can further extend the Inactive mode for six months and continue to extend in similar manner as per the status of the company.
