(Aditya Shaw, Intern Journalist): The Securities and Exchange Board of India (SEBI) said on Tuesday that depositories and depository partners would have to retain documents and other records for at least eight years. Market regulator Sebi has issued an amendment to its order issued in October 2019.
The October order stated the need to maintain documents and records for five years. As per the new SEBI circular, “Depositories and depository participants have to maintain documents and other records for at least eight years.” Will have to be saved. During the course of any investigation, any repatriation agency may copy them.
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