) specified by the regulation. Net Capital Rule (NCR) The SEC applies the " net capital rule ( NCR )" approach, where securities and derivatives businesses are required to maintain “ net capital ( NC
have done favours which clearly benefit the company, such as customer, supplier, etc. The process of allocation of shares to sponsors The board of directors specifies the nature of favours The board of
clearing and settlement system, or protecting and preserving benefit of customer. Clause 10 Provisions of Clause 3 and Clause 4 shall not be applicable to shareholding by major shareholder existing prior