To protect the interests of investors in securities and promote the development of the securities markets, the SEBI had extensive consultations with Depositories, Clearing Corporations and Stock Exchanges to provide a mechanism of block in the demat account of clients undertaking sale transactions. This mechanism will do away with the movement of shares from client’s demat account for early pay-in and back to the client’s Demat account if a trade is not executed.To protect the interests of investors in securities and promote the development of the securities markets, the SEBI had extensive consultations with Depositories, Clearing Corporations and Stock Exchanges to provide a mechanism of block in the demat account of clients undertaking sale transactions. This mechanism will do away with the movement of shares from client’s demat account for early pay-in and back to the client’s Demat account if a trade is not executed.taxmann.com Latest Statutory HappeningsRead More
