In an endeavor to rationalize and streamline the process of application, the SEBI has issued guidelines for seeking NOC by Stock Brokers / Clearing Members for setting up WOS, Step Down Subsidiaries, and Joint Ventures in GIFT IFSC, accordingly, the format of application along with the list of supporting documents for seeking NOC has been prescribed. The SEBI has directed Exchanges to forward the complete application to SEBI, after verification along with its recommendation.In an endeavor to rationalize and streamline the process of application, the SEBI has issued guidelines for seeking NOC by Stock Brokers / Clearing Members for setting up WOS, Step Down Subsidiaries, and Joint Ventures in GIFT IFSC, accordingly, the format of application along with the list of supporting documents for seeking NOC has been prescribed. The SEBI has directed Exchanges to forward the complete application to SEBI, after verification along with its recommendation.taxmann.com Latest Statutory HappeningsRead More
