SEBI on May 29, 2024 has provided for Modification in requirement of inspection of accredited warehouses by Clearing Corporations. Based on the request from clearing corporations and with an aim to further advance the cause of ease of doing business, it has been decided that the requirement of two inspections in a calendar year may be done away for accredited storage facility with ‘Nil’ stock, continuously during preceding six months. In these cases, the number of inspections by an independent agency may be limited to ‘once in a calendar year’.
Additionally, it has been decided that the requirement of inspection by an independent agency may also be done away with, in case there is ‘Nil’ stock in an accredited storage facility continuously during the calendar year”.
