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Securities and Exchange Board of India CIRCULAR CIR/MIRED/16/2011 August 22, 2011, All Recognized Stock Exchanges Dear Sirs, Subject: Simplification and Rationalization of Trading Account Opening
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In summary, simplification and rationalization are beneficial for individuals, businesses, government agencies, and educational institutions. By identifying areas that need improvement, creating a plan of action, and implementing changes gradually, we can simplify and streamline processes, reduce complexity, and achieve better efficiency and effectiveness.
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Simplification and rationalization is the process of streamlining and making more efficient certain processes or procedures.
Certain organizations or individuals may be required to file simplification and rationalization reports, depending on the specific regulations or laws in place.
To fill out simplification and rationalization reports, one must typically provide detailed information and supporting documentation regarding the process being streamlined or rationalized.
The purpose of simplification and rationalization is to increase efficiency, reduce costs, and improve overall effectiveness of a process or system.
Information such as the current process or procedure being streamlined, the proposed changes, expected benefits, and potential risks must be reported on simplification and rationalization reports.
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