Despite nationwide closures for commercial and private establishments due to the COVID-19 outbreak, India's Securities and Exchange Board of India (SEBI) has confirmed that stock exchanges and other essential capital and debt market services will continue to operate. This exemption ensures the ongoing functioning of the financial markets during the 21-day lockdown period.
The Ministry of Home Affairs had issued an Order No. 40-3/2020-D dated March 24, 2020 in which various guidelines have been issued laying down the measures to be taken by the ministries and the departments of the Government of India, the State/ Union Territory Governments and State/ Union Territory
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FAQ :
No, stock exchanges and other notified capital and debt market services are exempted from closure orders issued by the Ministry of Home Affairs.
The Securities and Exchange Board of India (SEBI) has notified these entities as essential services that must remain open.
Recognised clearing corporations, depositories, custodians, mutual funds, asset management companies, stock brokers, and many other SEBI-regulated entities will also continue to function.
The notification for these exemptions remains in force for a period of 21 days, starting from March 25, 2020.
Yes, SEBI's Head Office, Regional Offices, and Local Offices will function with a minimum number of employees.