October 10, 2019

New SEBI Rules- Square Up of Purchases If Dues Not Paid

This is with reference to NSE Circular no. NSE/INSP/41359 and SEBI Circular CIR/HO/MIRSD/DOP/CIR/P/2019/75 dated June 20, 2019 regarding Handling of Securities by Trading Member /Clearing Member. This Circular is effective from October 2019, therefore please take note of the following modifications: 
  • Shares received from Exchange as pay out on T+2 will be transferred to the client's beneficiary a/c on the same day if there is no debit in client's account. In case of debit, the shares will be kept in pool (Settlement pool account) till T+3 EOD and will be transferred to a separate demat account ("Client unpaid Securities Account"). If there is no clearance of dues with in T+4 days, shares kept in "Client unpaid Securities Account" will be squared off on T+5 day morning. As we have to clear the shares from "Client unpaid Securities Account" within 5 days, no avoidance from clearance will be permitted hereafter.
  • Since it is mandatory to clear the shares from "Client unpaid Securities Account" on T+5, pending cheques if any, will not be considered while selling. So please take utmost care while presenting cheques against dues. We request you to use online fund transfer facilities such as Payment Gateway, UPI, NEFT/RTGS etc.

1 comment:

Anonymous said...

WE ARE BUYING IN DEMAT
Anugraha Valve Castings Limited
Assam Carbon Products Ltd
Bharat Hotels Limited
Calcutta Stock Exchange Limited (CSE)
FINO PayTech Limited
Frick India Limited
Hindusthan Engineering & Industries Limited
Indo Alusys Industries Limited
KANNUR INTERNATIONAL AIRPORT
KURLON ENTERPRISES
Lotte India Corporation Ltd
MIL INDIA
NCL Alltek & Seccolor Limited
Studds Accessories Limited
Tamilnad Mercantile Bank Limited (TMB)




PL CONTACT FOR SELLING ABOVE SHARES AT ATTRACTIVE RATES.


WE ARE ALSO BUYING ALL OTHER SHARES DELISTED/UNLISTED PREFERABLY IN DEMAT MODE


PL CONTACT US ON OUR MAIL ID

nileshskotak@gmail.com

or call or whatsapp on 08866004076