The updated circular aims to provide a single, consolidated resource for all applicable guidelines and directions previously issued by SEBI to RTAs. It supersedes the prior Master Circular along with all subsequent circulars on the subject. However, any actions taken, approvals granted, fees collected, or ongoing investigations under the superseded circulars remain valid and are deemed to be conducted under the corresponding provisions of this new Master Circular. Similarly, any rights, privileges, obligations, or penalties incurred under the rescinded circulars will remain unaffected.