All Recognised Stock Exchanges — THE SECURITIES AND EXCHANGE BOARD OF INDIA ACT, 1992

To All Recognised Stock Exchanges All Recognised Clearing Corporations Dear Sir/ Madam, Sub: Master Circular for Stock Exchanges and Clearing Corporations Securities and Exchange Board of India (SEBI), from time to time, has been issuing various circulars/directions to Stock Exchanges and Clearing Corporations. In order to enable the users to have access to all the applicable circulars/directions at one place, Master Circular for Stock Exchanges and Clearing Corporations has been prepared. This Master Circular shall come into force from the date of its issue. This Master Circular covers the relevant circulars/communications pertaining to Stock Exchanges and Clearing Corporations issued by SEBI up to October 31, 2024. References in the Master Circular to the Statutes/Regulations which now stand repealed have been suitably updated. This Master Circular rescinds the circulars and communications listed in Schedule 1 to this circular. Master CIRCULAR SEBI/HO/MRD -PoD2/CIR/P/2024/00181 December 30 , 2024 Notwithstanding such rescission: 3.1.anything done or any action taken or purported to have been done or taken under the rescinded circulars, including registrations or approvals granted, fees collected, registration or approval suspended or cancelled, any inspection or investigation or enquiry or adjudication commenced or show-cause notice issued, prior to such rescission, shall be deemed to have been done or taken under the corresponding provisions of this Master Circular; 3.2.any application made to SEBI under the rescinded circulars, prior to such rescission, and pending before it shall be deemed to have been made under the corresponding provisions of this Master Circular; 3.3.the previous operation of the rescinded circulars or anything duly done or suffered thereunder,