Online registration for clearing Corporations

Market regulator SEBI said it has introduced an online mechanism for clearing corporations to making it convenient for them to do business.

The digital platform would help clearing corporations complete registration and other regulatory filings with SEBI much faster and in more a cost-effective manner.

“In order to ease the process of application for recognition renewal, reporting and other filings… SEBI has introduced a digital platform for online filings related to clearing corporations,” the regulator said in a circular.

“All applicants desirous of seeking registration/ renewal as a clearing corporation … shall now submit their applications online only…,,” it added.