While En­sur­ing Set­tle­ment

Consumer Voice - - Bfsi Advice -

money to the trad­ing mem­ber im­me­di­ately upon get­ting the con­tract note for sale/ pur­chase, but in any case be­fore the pre­scribed pay-in-day. se­cu­ri­ties to the in­vestors within 24 hours of the pay­out.

and sell­ing de­mat shares. the de­pos­i­tory par­tic­i­pant (DP) ‘de­liv­ery out’ in­struc­tions to trans­fer the same from the ben­e­fi­ciary ac­count to the pool ac­count of trad­ing mem­ber through whom shares and se­cu­ri­ties have been sold. de­tails of the pool a/c of trad­ing mem­ber to whom the shares are to be trans­ferred, de­tails of scrip, quan­tity, etc. As per the re­quire­ments of de­pos­i­to­ries, the ‘de­liv­ery out’ in­struc­tion should be given at least 48 hours prior to the cut-off time for the pre­scribed se­cu­ri­ties payin. de­pos­i­tory par­tic­i­pant ‘de­liv­ery in’ in­struc­tions to ac­cept shares in ben­e­fi­ciary ac­count from the pool ac­count of trad­ing mem­ber through whom shares have been pur­chased . de­liv­er­ies re­ceived as per good/bad de­liv­ery guide­lines is­sued by SEBI. Bad de­liv­ery cases should be sorted out through Ex­change ma­chin­ery im­me­di­ately.

the trad­ing mem­ber ev­ery quar­ter. on BSE through Trade Con­fir­ma­tion Sys­tem at www.bsein­dia.com if they have a con­tract note for the con­cerned trade. phys­i­cal shares should be ex­e­cuted by a valid, duly com­pleted and stamped trans­fer deed.

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