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Capital markets regulator Sebi today said it has introduced online mechanisms for depositories and stock exchanges to make it convenient for them to do business.
The new system would help these entities to complete registration and other regulatory filings with Sebi in a much faster and cost-effective manner.
In separate circulars, Sebi said that all applicants desirous of seeking registration as a depository and stock exchange as well as for renewing of licence will have to submit their applications online.
Further, all other filings including annual financial statements and returns, monthly development report and rules, would also be submitted online.
The Securities and Exchange Board of India (Sebi) said that the new system has been made operational.
Earlier, Finance Minister Arun Jaitley in his budget speech for 2017 announced that the process of registration of financial market intermediaries will be made fully online by Sebi.
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